Columbus McKinnon Corporation (NASDAQ: CMCO) saw its stock price plummet by 5.01% in Wednesday's trading session following the release of its fourth-quarter fiscal 2025 results and fiscal 2026 guidance. The industrial goods manufacturer reported weaker-than-expected sales and provided a cautious outlook, raising concerns among investors.

For the fourth quarter ended March 31, Columbus McKinnon reported net sales of $246.9 million, falling short of analysts' estimates of $250 million and marking a 7% decline compared to the same period last year. The company's adjusted earnings per share came in at $0.60, slightly beating the consensus estimate of $0.58 but still representing a 20% decrease from the previous year. The decline in sales was attributed to reduced short-cycle demand and negative impacts from foreign exchange rates.

Adding to investor concerns, Columbus McKinnon's fiscal 2026 guidance projected flat to slightly higher net sales and adjusted earnings per share. The company also warned that tariffs would be a headwind to adjusted EPS in the first half of fiscal 2026, with tariff cost neutrality expected only by the second half of the year. This cautious outlook, combined with ongoing supply chain challenges and the uncertain impact of the pending Kito Crosby acquisition, appears to have dampened investor sentiment, leading to the significant stock price decline.