Download PDF

1. Company Snapshot

1.a. Company Description

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide.The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, explosion-protected and custom engineered hoists, and winches; crane systems, such as crane components and kits, enclosed track rail systems, mobile and jib cranes, and fall protection systems, as well as material handling solutions; rigging equipment comprising below-the-hook lifting devices, shackles, chains and chains accessories, forestry and hand tools, lifting slings, lashing systems, and tie-downs and load binders; rotary unions and swivel joints; and mechanical and electromechanical actuators.It also provides power and motion technology products, including AC motor controls and line regenerative systems, automation and diagnostics, brakes, cable and festoon systems, collision avoidance systems, conductor bar systems, DC motor and magnet control systems, elevator drives, inverter duty motors, mining drives, pendant pushbutton stations, radio controls, and wind inverters; power delivery subsystems; overhead aluminum light rail workstations; and low profile, flexible chain, large scale, sanitary, and vertical elevation conveyor systems, as well as pallet system conveyors and accumulation systems.


The company serves market verticals, including general industries, transportation, energy and utilities, process industries, industrial automation, construction and infrastructure, food and beverage, entertainment, life sciences, consumer packaged goods, and e-commerce/supply chain/warehousing.It offers its products to end users directly, as well as through distributors, independent crane builders, material handling specialists and integrators, government agencies, original equipment manufacturers, and engineering procurement and construction firms.The company was founded in 1875 and is headquartered in Buffalo, New York.

Show Full description

1.b. Last Insights on CMCO

Columbus McKinnon's recent performance was negatively impacted by its Q3 FY25 earnings miss, where it reported a quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.74 per share. This earnings miss, coupled with the company's weak revenue growth, contributed to the decline in its stock price. Additionally, the company's high operating expenses, partly due to the integration of Kito Crosby, a company it acquired in February 2025, also weighed on its profitability.

1.c. Company Highlights

2. Columbus McKinnon's Q2 FY2026 Earnings: Strong Sales Growth and Margin Expansion

Columbus McKinnon reported a robust second-quarter fiscal 2026, with net sales increasing 8% year-over-year to $261 million, driven by growth across all product platforms. Adjusted EPS improved $0.12 sequentially to $0.62, reflecting higher sales, margin expansion, and continued cost management. The company's adjusted EBITDA was $37.4 million in Q2, with an adjusted EBITDA margin of 14.3%. The actual EPS of $0.62 beat estimates of $0.54, indicating a strong operational performance.

Publication Date: Nov -30

📋 Highlights
  • Net Sales Growth:: Increased 8% YoY to $261 million, driven by growth across all product platforms.
  • Adjusted EPS Improvement:: Sequentially up $0.12 to $0.62, reflecting margin expansion and cost management.
  • Backlog Strength:: Rose 11% YoY to $352 million, signaling robust order visibility.
  • Full-Year Guidance Raised:: Net sales growth now projected at low to mid-single digits (previously flat to slightly up).
  • Kito Crosby Acquisition:: Expected to close by fiscal 2026 year-end, with revenue expected to more than double post-combination.

Revenue Growth and Backlog

The company's backlog is a healthy $352 million, up $34 million or 11% versus the prior year, providing a strong foundation for future growth. Orders were $254 million, down 3% year-over-year, as the prior year benefited from three significant project orders totaling over $20 million. However, the company saw order growth of 11% in the U.S., with strong performance in both project-related and short-cycle categories.

Segment Performance

In the US, the company saw double-digit growth in orders and sales, driven by strong demand across most end markets, including aerospace, energy, and automotive. The competitive landscape in the lifting space is disciplined, with competitors following similar paths. The company remains focused on executing their strategy, improving customer experience, and growing share.

Acquisition and Integration

The pending acquisition of Kito Crosby is expected to close by the end of the current fiscal year. The company has established an integration management office and governance structure to prepare for day 1 readiness post-close. They are working with external resources to accelerate delivery of synergies and de-lever rapidly. The acquisition is expected to more than double revenue, deliver top-tier industrial margins, and generate strong cash flow, enabling rapid de-levering.

Valuation and Outlook

With a P/E Ratio of 118.73 and an EV/EBITDA of 10.53, the market is pricing in a certain level of growth and profitability. Analysts estimate next year's revenue growth at 3.3%, which is lower than the current year's growth rate. The company's guidance assumes approximately $10 million of tariff-related cost impacts to the business in fiscal 2026. Despite a volatile macroeconomic environment, the company expects to achieve margin neutrality in fiscal '27. The company's leverage is expected to be around 4.9x post-close of the Kito Crosby acquisition.

3. NewsRoom

Card image cap

Connor Clark & Lunn Investment Management Ltd. Purchases New Position in Columbus McKinnon Corporation $CMCO

Nov -17

Source: defenseworld.net

Card image cap

Columbus McKinnon to Present at the 2025 Baird Global Industrial Conference

Nov -05

Source: prnewswire.com

Card image cap

Columbus McKinnon (CMCO) Shows Fast-paced Momentum But Is Still a Bargain Stock

Nov -05

Source: zacks.com

Card image cap

Wall Street Analysts Believe Columbus McKinnon (CMCO) Could Rally 104.08%: Here's is How to Trade

Nov -05

Source: zacks.com

Card image cap

Columbus Macro LLC Has $7.76 Million Stock Position in Microsoft Corporation $MSFT

Nov -02

Source: defenseworld.net

Card image cap

Columbus McKinnon Corporation (CMCO) Q2 2026 Earnings Call Transcript

Oct -30

Source: seekingalpha.com

Card image cap

Columbus McKinnon (CMCO) Tops Q2 Earnings and Revenue Estimates

Oct -30

Source: zacks.com

Card image cap

Columbus McKinnon Reports 8% Sales Growth in Q2 FY26 and Reaffirms Guidance

Oct -30

Source: prnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.58%)

6. Segments

Hoists

Expected Growth: 4.5%

Columbus McKinnon's hoist segment growth is driven by increasing demand from industrial automation, e-commerce warehousing, and infrastructure development. Additionally, the company's focus on product innovation, strategic acquisitions, and expansion into emerging markets contribute to its 4.5% growth rate.

High Precision Conveyors

Expected Growth: 4.8%

Columbus McKinnon's High Precision Conveyors' 4.8% growth is driven by increasing demand from e-commerce and parcel delivery industries, adoption of automation in manufacturing, and growing need for efficient material handling solutions. Additionally, the company's focus on innovation, quality, and customer service contributes to its market share expansion.

Digital Power Control and Delivery Systems

Expected Growth: 5.2%

Columbus McKinnon's Digital Power Control and Delivery Systems' 5.2% growth is driven by increasing demand for industrial automation, rising adoption of IoT and Industry 4.0 technologies, and growing need for energy efficiency and power quality solutions. Additionally, the company's strategic acquisitions and investments in digitalization and innovation are contributing to its growth momentum.

Actuators and Rotary Unions

Expected Growth: 4.2%

Columbus McKinnon's Actuators and Rotary Unions segment growth of 4.2% is driven by increasing demand from industrial automation, rising adoption of robotics in manufacturing, and growing need for efficient material handling solutions. Additionally, the company's strategic acquisitions and investments in product innovation are contributing to its growth momentum.

Chain and Rigging Tools

Expected Growth: 4.0%

Columbus McKinnon's Chain and Rigging Tools segment growth is driven by increasing demand from construction, manufacturing, and energy industries. The company's focus on product innovation, expansion into emerging markets, and strategic acquisitions also contribute to growth. Additionally, the rising need for material handling and lifting solutions in various industries fuels demand for these tools, resulting in a 4.0% growth rate.

Industrial Cranes

Expected Growth: 4.6%

Columbus McKinnon's Industrial Cranes segment growth of 4.6% is driven by increasing demand from infrastructure development, rising adoption of automation in manufacturing, and growing need for efficient material handling solutions. Additionally, the company's strategic acquisitions and investments in product innovation are contributing to its growth momentum.

Elevator Application Drive Systems

Expected Growth: 5.0%

The 5.0% growth of Elevator Application Drive Systems from Columbus McKinnon Corporation is driven by increasing urbanization, rising demand for high-rise buildings, and growing need for energy-efficient elevator systems. Additionally, advancements in technology, such as IoT integration and predictive maintenance, are also contributing to the segment's growth.

7. Detailed Products

Hoists

Columbus McKinnon's hoists are designed for lifting and moving heavy loads in various industries such as manufacturing, construction, and warehousing.

Crane Components

The company offers a range of crane components including crane kits, end trucks, and crane accessories for overhead crane systems.

Rigging and Lifting Equipment

Columbus McKinnon provides a variety of rigging and lifting equipment such as wire rope, chain, and synthetic slings for material handling and lifting applications.

Actuators and Automation

The company's actuators and automation products are designed for industrial automation, robotics, and motion control applications.

Ergonomic Systems

Columbus McKinnon's ergonomic systems are designed to reduce worker fatigue and improve workplace safety in industries such as manufacturing and warehousing.

Material Handling Systems

The company offers customized material handling systems for industries such as manufacturing, warehousing, and distribution.

8. Columbus McKinnon Corporation's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Columbus McKinnon Corporation is medium due to the availability of alternative products and services in the material handling industry.

Bargaining Power Of Customers

The bargaining power of customers is low due to the company's strong brand reputation and diversified customer base.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium due to the company's dependence on a few key suppliers for raw materials.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the material handling industry, including significant capital requirements and regulatory hurdles.

Intensity Of Rivalry

The intensity of rivalry is high due to the competitive nature of the material handling industry, with several established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 38.69%
Debt Cost 8.17%
Equity Weight 61.31%
Equity Cost 10.31%
WACC 9.48%
Leverage 63.09%

11. Quality Control: Columbus McKinnon Corporation passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Lindsay

A-Score: 6.0/10

Value: 5.3

Growth: 6.4

Quality: 6.7

Yield: 2.0

Momentum: 7.0

Volatility: 8.3

1-Year Total Return ->

View Full Report
Stock-Card
Alamo Group

A-Score: 5.8/10

Value: 5.2

Growth: 7.1

Quality: 6.6

Yield: 1.0

Momentum: 6.0

Volatility: 8.7

1-Year Total Return ->

View Full Report
Stock-Card
Astec Industries

A-Score: 5.1/10

Value: 5.6

Growth: 3.4

Quality: 5.7

Yield: 2.0

Momentum: 8.5

Volatility: 5.7

1-Year Total Return ->

View Full Report
Stock-Card
Manitex International

A-Score: 3.8/10

Value: 4.6

Growth: 4.7

Quality: 3.5

Yield: 0.0

Momentum: 6.0

Volatility: 4.0

1-Year Total Return ->

View Full Report
Stock-Card
Titan International

A-Score: 3.7/10

Value: 6.6

Growth: 4.7

Quality: 2.3

Yield: 0.0

Momentum: 6.0

Volatility: 2.7

1-Year Total Return ->

View Full Report
Stock-Card
Columbus McKinnon

A-Score: 2.6/10

Value: 5.2

Growth: 2.1

Quality: 3.4

Yield: 2.0

Momentum: 0.5

Volatility: 2.7

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

17.15$

Current Price

17.15$

Potential

-0.00%

Expected Cash-Flows