Columbus McKinnon Q1 sales beat on Kito Crosby acquisition boost
CMCO•Raised FY27 outlook
Columbus McKinnon raised its FY27 net sales outlook to $2.09 billion-$2.15 billion.
The company now sees FY27 adjusted EBITDA at $405 million-$420 million.
Columbus McKinnon expects FY27 adjusted EPS of $1.90-$2.10.
Key reported metrics
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q1 Sales | Beat | $531.50 million | $501.26 million (4 Analysts) |
| Q1 Adjusted EPS | Beat | $0.61 | $0.27 (4 Analysts) |
| Q1 Net Loss | $88.40 million | ||
| Q1 Adjusted EBITDA | Beat | $111.50 million | $89.64 million (4 Analysts) |
Q1 sales and EPS beat estimates
U.S. intelligent motion solutions firm Columbus McKinnon said fiscal first-quarter sales rose 125% year over year, beating analyst expectations.
Adjusted earnings per share for fiscal Q1 also beat analyst expectations.
Results driven by Kito Crosby acquisition and organic growth
The company said net sales and order growth were primarily driven by the Kito Crosby acquisition.
Legacy CMCO net sales grew 12.7% on higher pricing and volume across all regions.
Margin gains were attributed to synergy realization from the Kito Crosby acquisition and lower material costs in the quarter.
