Columbus McKinnon beats Q3 sales, adjusted EPS estimates, withdraws FY26 guidance

Columbus McKinnon

09/02/2026 21:15

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.)