Business
Columbus McKinnon Reports 8% Sales Growth in Q2 FY26 and Reaffirms Guidance
CHARLOTTE, N.C., Oct. 30, 2025 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer,
About this update from Columbus Mckinnon Corporation
[{"type":"text","content":"\n CHARLOTTE, N.C., Oct. 30, 2025 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) (\"Columbus McKinnon\" or the \"Company\"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2026 second quarter, which ended September 30, 2025. \n \n \n \n \n \n \n \n \n \n Second\n \n \n Quarter 2026 Highlights \n \n (compared with prior-year period, except where otherwise noted)\n \n \n \n Net sales of $261.0 million increased 8%, driven by growth across all platforms with particular strength in lifting and linear motion\n \n \n Orders of $253.7 million were impacted by a weaker macroeconomic landscape in EMEA, partially offset by U.S. orders growth of 11% \n \n \n Backlog of $351.6 million increased 11% and the opportunity funnel remains healthy\n \n \n Net income of $4.6 million with a net income margin of 1.8% includes $10.0 million of Kito Crosby acquisition-related expenses on a pre-tax basis\n \n \n Adjusted EBITDA1 of $37.4 million increased 22% sequentially with Adjusted EBITDA Margin1 of 14.3% up 130 basis points on a sequential basis\n \n \n Debt repayment of $14.7 million in Q2 FY26\n \n \n \"Our team delivered a solid second quarter as the U.S. short-cycle market recovered and we executed on our record backlog,\" said David J. Wilson, President and Chief Executive Officer. \"Our funnel of quotation activity remains healthy, driven by attractive global opportunities and an improving demand environment in the United States. While the funnel of activity in EMEA remains attractive, order conversion rates there have slowed recently given a weaker macroeconomic sentiment.\"\n \"We are pleased with our tariff mitigation actions to date, which delivered a lower impact in the first half than we previously expected. We continue to anticipate an approximately $10 million tariff-related impact for the full year and that we will absorb the remaining impact in our third quarter. We remain focused on our mitigation actions and expect to achieve tariff cost neutrality by the end of the current fiscal year,\" continued Wilson. \"Additionally, we are advancing our integration readiness and synergy achievement plans ahead of the pending acquisition of Kito Crosby. Our team continues to prepare for the closing of the acquisition as qu...