Overview
Material handling solutions firm's fiscal Q3 revenue rose 10%, beating analyst expectations
Adjusted EPS for fiscal Q3 beat analyst expectations
Company completed acquisition of Kito Crosby, enhancing market position
Outlook
Columbus McKinnon withdraws FY26 guidance due to acquisition and divestiture uncertainties
Company expects transaction-related expenses to impact Q4 FY26 GAAP EPS
Columbus McKinnon aims for Net Leverage Ratio below 4.0x by end of FY28
Result Drivers
SALES GROWTH - Driven by strength in lifting, linear motion, and automation across North America and EMEA
ORDER INCREASE - Orders rose 11% with growth in U.S. precision conveyance, lifting, and automation
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Beat | $258.70 mln | $244.75 mln (4 Analysts) |
Q3 Adjusted EPS | Beat | $0.62 | $0.58 (4 Analysts) |
Q3 Net Income | $6 mln | ||
Q3 Adjusted EBITDA | Beat | $39.80 mln | $36.32 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Columbus McKinnon Corp is $29.00, about 27.4% above its February 6 closing price of $22.76
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release: ID:nPnSq4Qqa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)