Columbus McKinnon Q2 sales beat estimates on Kito Crosby acquisition
CMCO•Columbus McKinnon reported Q2 FY27 sales of $539.3 million, adjusted EPS of $0.61 and adjusted EBITDA of $111.2 million, beating analyst estimates. The company raised its FY27 sales, adjusted EBITDA and adjusted EPS guidance.
1. Quarterly results
Q2 FY27 sales more than doubled to $539.3 million, above the $518.56 million analyst consensus. Adjusted EPS was $0.61 versus estimates of $0.38, and adjusted EBITDA was $111.2 million versus $94.17 million. The company reported a net loss of $25.2 million.
2. Raised guidance
Columbus McKinnon raised its FY27 net sales outlook to $2.13 billion-$2.17 billion from $2.09 billion-$2.15 billion. It lifted adjusted EBITDA guidance to $425 million-$440 million from $405 million-$420 million, and now expects adjusted EPS of $2.00-$2.15, up from $1.90-$2.10.
3. Growth drivers
The company said the Kito Crosby acquisition primarily drove Q2 sales and order growth. Legacy CMCO net sales rose 5.3% on higher pricing and volume. CEO David J. Wilson said sequential revenue growth reflected sustained strength in the Americas and stronger-than-anticipated demand in Asia and EMEA.
