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 September30, 2025.
https://mma.prnewswire.com/media/2532940/Columbus_McKinnon_Corporation_Logo.jpg
SecondQuarter 2026 Highlights (compared with prior-year period, except where otherwise noted)
— Net sales of $261.0 million increased 8%, driven by growth across all platforms with particular strength in lifting and linear motion
— Orders of $253.7 million were impacted by a weaker macroeconomic landscape in EMEA, partially offset by U.S. orders growth of 11%
— Backlog of $351.6 million increased 11% and the opportunity funnel remains healthy
— 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
— Adjusted EBITDA1 of $37.4 million increased 22% sequentially with Adjusted EBITDA Margin1 of 14.3% up 130 basis points on a sequential basis
— Debt repayment of $14.7 million in Q2 FY26
“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.”
“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 $10 million tariff-related impact for the full year and that we will absorb the remaining impact in our third quarter. We remain focused on our mitigation actions and expect to achieve tariff cost neutrality by the end of the current fiscal year,” continued Wilson. “Additionally, we are advancing our integration readiness and synergy achievement plans ahead of the pending acquisition of Kito Crosby. Our team continues to prepare for the closing of the acquisition as quickly as the regulatory process will allow.”
Second Quarter Fiscal 2026 Sales
($ in millions) Q2FY26 Q2FY25 Change % ChangeNet sales $ 261.0 $ 242.3 $ 18.7 7.7%U.S. sales $ 147.5 $ 132.3 $ 15.2 11.5%% of total 57% 55%Non-U.S. sales $ 113.5 $ 110.0 $ 3.5 3.2%% of total 43% 45%
For the quarter, net sales increased $18.7 million, or 7.7% driven by $9.0 million of higher volume supported by a recovery in short-cycle demand, $4.9 million of price improvement and $4.8 million of favorable currency translation. In the U.S., sales were up $15.2 million, or 11.5% driven by $11.7 million of higher volume and $3.5 million of price improvement. Sales outside the U.S. increased $3.5 million, or 3.2% driven by $4.8 million of favorable currency translation and $1.4 million of price improvement, partially offset by $2.7 million of lower volume.
Second Quarter Fiscal 2026 Operating Results
($ in millions, except per share figures) Q2 FY26 Q2 FY25 Change % ChangeGross profit $ 90.2 $ 74.7 $ 15.4 20.6%Gross margin 34.5% 30.9% 360 bpsAdjusted Gross Profit1 $ 92.1 $ 87.9 $ 4.2 4.7%Adjusted Gross Margin1 35.3% 36.3% (100) bpsIncome from operations $ 12.2 $ 10.8 $ 1.4 12.8%Operating margin 4.7% 4.5% 20 bpsAdjusted Operating Income1 $ 25.2 $ 27.0 $ (1.7) (6.5)%Adjusted Operating Margin1 9.7% 11.1% (140) bpsNet income (loss) $ 4.6 $ (15.0) $ 19.6 NMNet income (loss) margin 1.8% (6.2)% 800 bpsGAAP EPS $ 0.16 $ (0.52) $ 0.68 NMAdjusted EPS1,2 $ 0.62 $ 0.70 $ (0.08) (11.4)%Adjusted EBITDA1 $ 37.4 $ 39.2 $ (1.7) (4.4)%Adjusted EBITDA Margin1 14.3% 16.2% (190) bps
Capital Allocation Priorities
The Company remains committed to allocating capital to pay down debt to deleverage its balance sheet in the near term while continuing its track record of a consistent dividend payment. Over time, the Company believes it will be positioned to utilize its expected significant free cash flow generation to advance its Intelligent Motion strategy across the fragmented marketplace.
Fiscal Year 2026 Guidance
The Company is increasing its outlook for net sales and reaffirming guidance for Adjusted EPS1 in fiscal 2026. The Company's guidance does not include the impact of the pending Kito Crosby acquisition, which is now expected to close by the end of the fiscal year. Additionally, the guidance reflects the current tariff environment as of the date of this release, which has remained volatile to date and may impact future supply chain costs and product availability. The guidance assumes tariff cost neutrality by the end of fiscal 2026 benefiting from price increases, tariff surcharges, and supply chain adjustments.
Metric FY26Net sales Up low-to-mid single digitsAdjusted EPS3 Flat to slightly up
Fiscal 2026 guidance assumes approximately $35 million of interest expense, $30 million of amortization, an effective tax rate of 25% and 29.0 million diluted average shares outstanding.
Teleconference and Webcast
Columbus McKinnon will host a conference call today at 10:00 AM Eastern Time to discuss the Company's financial results and strategy. The conference call, earnings release and earnings presentation will be accessible through live webcast on the Company's investor relations website at investors.cmco.com. A replay of the webcast will also be archived on the Company's investor relations website through November 6, 2025.
1 Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Operating Income, Adjusted Operating Margin, Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted EPS are non-GAAP financial measures. See accompanying discussion and reconciliation tables provided in this release for reconciliations of these non-GAAP financial measures to the closest corresponding GAAP financial measures.2 Adjusted EPS excludes, among other adjustments, amortization of intangible assets. The Company believes this better represents its inherent earnings power and cash generation capability.3 The Company has not reconciled the Adjusted EPS guidance to the most comparable GAAP financial measure outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management's control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide guidance for the comparable GAAP financial measure. Forward-looking guidance regarding Adjusted EPS is made in a manner consistent with the relevant definitions and assumptions noted herein.
About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available at www.cmco.com.
Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “illustrative,” “intend,” “likely,” “may,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “shall,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this document, including, but are not limited to, statements relating to: (i) our strategy, outlook and growth prospects, including our fiscal year 2026 guidance as well as the associated assumed inputs for our fiscal 2026 guidance regarding interest expense, amortization, effective tax rate and diluted average shares outstanding and our ability to achieve tariff cost neutrality in fiscal 2026 and the expected amount of tariff-related impact to fiscal 2026 results; (ii) our operational and financial targets and capital allocation priorities including our ability to generate significant free cash flow to fund these capital allocation priorities and our ability to advance our Intelligent Motion strategy; (iii) general economic trends and trends in our industry and markets; (iv) expected timing for the closing of the Kito Crosby acquisition; and (v) the competitive environment in which we operate, are forward looking statements. Forward-looking statements are not based on historical facts, but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions, and involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made. Columbus McKinnon undertakes no duty to update publicly any such forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.
Contacts:Gregory P. Rustowicz Kristine MoserEVP Finance and CFO VP IR and TreasurerColumbus McKinnon Corporation Columbus McKinnon Corporation716-689-5442 704-322-2488greg.rustowicz@cmco.com kristy.moser@cmco.com
Financial tables follow.
COLUMBUS McKINNON CORPORATIONCondensed Consolidated Income Statements – UNAUDITED(In thousands, except per share and percentage data) Three Months Ended September 30, September 30, Change 2025 2024Net sales $ 261,047 $ 242,274 7.7%Cost of products sold 170,887 167,531 2.0%Gross profit 90,160 74,743 20.6%Gross profit margin 34.5% 30.9%Selling expenses 29,122 26,926 8.2%% of net sales 11.2% 11.1%General and administrative expenses 36,386 23,363 55.7%% of net sales 13.9% 9.6%Research and development expenses 4,781 6,102 (21.6)%% of net sales 1.8% 2.5%Amortization of intangibles 7,683 7,547 1.8%Income from operations 12,188 10,805 12.8%Operating margin 4.7% 4.5%Interest and debt expense 8,747 8,352 4.7%Investment (income) loss (521) (610) (14.6)%Foreign currency exchange (gain) loss 754 (792) NMOther (income) expense, net 59 23,806 (99.8)%Income (loss) before income tax expense (benefit) 3,149 (19,951) NMIncome tax expense (benefit) (1,446) (4,908) (70.5)%Net income (loss) $ 4,595 $ (15,043) NMAverage basic shares outstanding 28,726 28,869 (0.5)%Basic income (loss) per share $ 0.16 $ (0.52) NMAverage diluted shares outstanding 28,874 28,869 -%Diluted income (loss) per share $ 0.16 $ (0.52) NMDividends declared per common share $ 0.07 $ 0.07
COLUMBUS McKINNON CORPORATIONCondensed Consolidated Income Statements – UNAUDITED(In thousands, except per share and percentage data) Six Months Ended September 30, September 30, Change 2025 2024Net sales $ 496,967 $ 482,000 3.1%Cost of products sold 329,585 318,227 3.6%Gross profit 167,382 163,773 2.2%Gross profit margin 33.7% 34.0%Selling expenses 57,653 54,696 5.4%% of net sales 11.6% 11.3%General and administrative expenses 67,129 49,810 34.8%% of net sales 13.5% 10.3%Research and development expenses 9,602 12,268 (21.7)%% of net sales 1.9% 2.5%Amortization of intangibles 15,318 15,047 1.8%Income from operations 17,680 31,952 (44.7)%Operating margin 3.6% 6.6%Interest and debt expense 17,445 16,587 5.2%Investment (income) loss (1,570) (819) 91.7%Foreign currency exchange (gain) loss 412 (398) NMOther (income) expense, net (118) 24,484 NMIncome (loss) before income tax expense (benefit) 1,511 (7,902) NMIncome tax expense (benefit) (1,186) (1,488) (20.3)%Net income (loss) $ 2,697 $ (6,414) NMAverage basic shares outstanding 28,692 28,852 (0.6)%Basic income (loss) per share $ 0.09 $ (0.22) NMAverage diluted shares outstanding 28,841 28,852 -%Diluted income (loss) per share $ 0.09 $ (0.22) NMDividends declared per common share $ 0.07 $ 0.07
COLUMBUS McKINNON CORPORATIONCondensed Consolidated Balance Sheets(In thousands) September 30, March 31, 2025 2025 (Unaudited)ASSETSCurrent assets:Cash and cash equivalents $ 28,039 $ 53,683Trade accounts receivable 179,267 165,481Inventories 217,337 198,598Prepaid expenses and other 55,852 48,007Total current assets 480,495 465,769Property, plant, and equipment, net 104,995 106,164Goodwill 731,218 710,807Other intangibles, net 352,749 356,562Marketable securities 10,443 10,112Deferred taxes on income 6,665 2,904Other assets 83,287 86,470Total assets $ 1,769,852 $ 1,738,788LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities:Trade accounts payable $ 96,036 $ 93,273Accrued liabilities 119,085 113,907Current portion of long-term debt and finance lease obligations 50,810 50,739Total current liabilities 265,931 257,919Term loan, AR securitization facility and finance lease obligations 408,467 420,236Other non current liabilities 180,866 178,538Total liabilities $ 855,264 $ 856,693Shareholders' equity:Common stock 287 286Treasury stock (11,000) (11,000)Additional paid in capital 535,592 531,750Retained earnings 382,842 382,160Accumulated other comprehensive income (loss) 6,867 (21,101)Total shareholders' equity $ 914,588 $ 882,095Total liabilities and shareholders' equity $ 1,769,852 $ 1,738,788
COLUMBUS McKINNON CORPORATIONCondensed Consolidated Statements of Cash Flows – UNAUDITED(In thousands) Six Months Ended September 30, September 30, 2025 2024Operating activities:Net income (loss) $ 2,697 $ (6,414)Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:Depreciation and amortization 24,485 24,028Deferred income taxes and related valuation allowance (7,940) (13,662)Net loss (gain) on sale of investments and other (1,232) (650)Non-cash pension settlement – 23,201Stock-based compensation 4,626 4,175Amortization of deferred financing costs 1,222 1,244Impairment of operating lease – 3,268Loss (gain) on hedging instruments 906 (2)Loss on disposals and impairments of fixed assets 207 418Non-cash lease expense 4,820 5,202Changes in operating assets and liabilities:Trade accounts receivable (8,570) 2,384Inventories (11,256) (12,277)Prepaid expenses and other (6,077) (11,714)Other assets 1,431 183Trade accounts payable 1,415 (10,711)Accrued liabilities (127) (6,154)Non current liabilities (6,359) (3,889)Net cash provided by (used for) operating activities 248 (1,370)Investing activities:Proceeds from sales of marketable securities 2,139 3,153Purchases of marketable securities (1,961) (1,993)Capital expenditures (6,523) (10,068)Net cash provided by (used for) investing activities (6,345) (8,908)Financing activities:Proceeds from the issuance of common stock – 86Purchases of treasury stock – (4,945)Borrowings / (Repayments) of debt (12,482) (30,326)Fees paid for debt amendments (577) -Payment to former owners of montratec – (6,711)Fees paid for debt repricing – (169)Cash inflows from hedging activities 11,639 11,862Cash outflows from hedging activities (12,505) (11,809)Payment of dividends (4,014) (4,038)Other (783) (1,789)Net cash provided by (used for) financing activities (18,722) (47,839)Effect of exchange rate changes on cash (825) (326)Net change in cash and cash equivalents (25,644) (58,443)Cash, cash equivalents, and restricted cash at beginning of year $ 53,933 $ 114,376Cash, cash equivalents, and restricted cash at end of period $ 28,289 $ 55,933
COLUMBUS McKINNON CORPORATIONQ2FY 2026 Net Sales Bridge Quarter Year To Date($ in millions) $ Change % Change $ Change % ChangeFiscal 2025 Net Sales $ 242.3 $ 482.0Pricing 4.9 2.0% 7.4 1.5%Volume 9.0 3.7% (0.3) 0.0%Foreign currency translation 4.8 2.0% 7.9 1.6%Total change1 $ 18.7 7.7% $ 15.0 3.1%Fiscal 2026 Net Sales $ 261.0 $ 497.0
COLUMBUS McKINNON CORPORATIONQ2FY 2026 Gross Profit Bridge($ in millions) Quarter Year To DateFiscal 2025 Gross Profit $ 74.7 $ 163.8Price, net of manufacturing costs changes (incl. inflation) (1.0) (6.7)Monterrey, MX new factory start-up costs 0.7 0.4Factory and warehouse consolidation costs 10.5 10.1Sales volume and mix 3.4 (2.0)Other 0.1 (0.8)Foreign currency translation 1.8 2.8Total change1 15.4 3.8Fiscal 2026 Gross Profit $ 90.2 $ 167.4
U.S. Shipping Days by Quarter Q1 Q2 Q3 Q4 TotalFY26 63 63 62 61 249FY25 64 63 62 62 251
1 Components may not add due to rounding.
COLUMBUS McKINNON CORPORATIONAdditional Data1(Unaudited) Period Ended September 30, June 30, March 31, September 30, 2025 2025 2025 2024($ in millions)Backlog $ 351.6 $ 360.1 $ 322.5 $ 317.6Long-term backlogExpected to ship beyond 3 months $ 212.4 $ 223.4 $ 190.3 $ 172.5Long-term backlog as % of total backlog 60.4 % 62.0 % 59.0 % 54.3 %Debt to total capitalization percentage 33.4 % 34.2 % 34.8 % 35.8 %Debt, net of cash, to net total capitalization 32.0 % 32.8 % 32.1 % 33.2 %Working capital as a % of sales 24.3 % 25.2 % 21.3 % 23.3 % Three Months Ended September 30, June 30, March 31, September 30, 2025 2025 2025 2024($ in millions)Trade accounts receivableDays sales outstanding 62.5 days 69.5 days 61.0 days 64.1 daysInventory turns per year(based on cost of products sold) 3.1 turns 2.9 turns 3.4 turns 3.3 turnsDays' inventory 117.7 days 125.9 days 107.4 days 110.6 daysTrade accounts payableDays payables outstanding 58.1 days 56.1 days 54.9 days 46.3 daysNet cash provided by (used for) operating $ 18.4 $ (18.2) $ 35.6 $ 9.4activitiesCapital expenditures $ 3.3 $ 3.2 $ 6.1 $ 5.4Free Cash Flow 2 $ 15.1 $ (21.4) $ 29.5 $ 4.0
1 Additional Data: This data is provided to help investors understand financial and operational metrics that management uses to measure the Company's financial performance and identify trends affecting the business. These measures may not be comparable with or defined in the same manner as other companies. Components may not add due to rounding.2 Free Cash Flow is a non-GAAP financial measure. Free Cash Flow is defined as GAAP net cash provided by (used for) operating activities less capital expenditures included in the investing activities section of the consolidated statement of cash flows. See the table above for the calculation of Free Cash Flow.
NON-GAAP FINANCIAL MEASURES
The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this earnings release to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The Company has provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this earnings release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this earnings release. The non-GAAP financial measures in this earnings release may differ from similarly titled measures used by other companies.
COLUMBUS McKINNON CORPORATIONReconciliation of Gross Profit to Adjusted Gross Profit($ in thousands) Three Months Ended Six Months Ended September September September September 30, 2025 30, 2024 30, 2025 30, 2024Gross profit $ 90,160 $ 74,743 $ 167,382 $ 163,773Add back (deduct):Business realignment costs 65 76 1,450 468Acquisition integration costs 68 – 68 -Hurricane Helene cost impact – 171 – 171Factory and warehouse consolidation costs 283 10,763 708 10,763Monterrey, MX new factory start-up costs 1,530 2,185 3,431 3,810Adjusted Gross Profit $ 92,106 $ 87,938 $ 173,039 $ 178,985Net sales $ 261,047 $ 242,274 $ 496,967 $ 482,000Gross margin 34.5% 30.9% 33.7% 34.0%Adjusted Gross Margin 35.3% 36.3% 34.8% 37.1%
Adjusted Gross Profit is defined as gross profit as reported, adjusted for certain items. Adjusted Gross Margin is defined as Adjusted Gross Profit divided by net sales. Adjusted Gross Profit and Adjusted Gross Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Gross Profit and Adjusted Gross Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Gross Profit and Adjusted Gross Margin, are important for investors and other readers of the Company's financial statements and assists in understanding the comparison of the current quarter's gross profit and gross margin to the historical periods' gross profit, as well as facilitates a more meaningful comparison of the Company's gross profit and gross margin to that of other companies.
COLUMBUS McKINNON CORPORATIONReconciliation of Income from Operations to Adjusted Operating Income($ in thousands) Three Months Ended Six Months Ended September September September September 30, 2025 30, 2024 30, 2025 30, 2024Income from operations $ 12,188 $ 10,805 $ 17,680 $ 31,952Add back (deduct):Acquisition deal and integration costs 9,996 – 18,099 -Business realignment costs 1,131 281 3,656 1,131Factory and warehouse consolidation costs 298 11,904 780 11,904Headquarter relocation costs 71 51 71 147Hurricane Helene cost impact – 171 – 171Monterrey, MX new factory start-up costs 1,530 3,751 3,431 7,317Adjusted Operating Income $ 25,214 $ 26,963 $ 43,717 $ 52,622Net sales $ 261,047 $ 242,274 $ 496,967 $ 482,000Operating margin 4.7% 4.5% 3.6% 6.6%Adjusted Operating Margin 9.7% 11.1% 8.8% 10.9%
Adjusted Operating Income is defined as income from operations as reported, adjusted for certain items. Adjusted Operating Margin is defined as Adjusted Operating Income divided by net sales. Adjusted Operating Income and Adjusted Operating Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Operating Income and Adjusted Operating Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Operating Income and Adjusted Operating Margin, are important for investors and other readers of the Company's financial statements and assists in understanding the comparison of the current quarter's income from operations to the historical periods' income from operations and operating margin, as well as facilitates a more meaningful comparison of the Company's income from operations and operating margin to that of other companies.
COLUMBUS McKINNON CORPORATIONReconciliation of Net Income and Diluted Earnings per Share toAdjusted Net Income and Adjusted Earnings per Share($ in thousands, except per share data) Three Months Ended Six Months Ended September September September September 30, 2025 30, 2024 30, 2025 30, 2024Net income (loss) $ 4,595 $ (15,043) $ 2,697 $ (6,414)Add back (deduct):Amortization of intangibles 7,683 7,547 15,318 15,047Acquisition deal and integration costs 9,996 – 18,099 -Business realignment costs 1,131 281 3,656 1,131Factory and warehouse consolidation costs 298 11,904 780 11,904Headquarter relocation costs 71 51 71 147Hurricane Helene cost impact – 171 – 171Monterrey, MX new factory start-up costs 1,530 3,751 3,431 7,317Non-cash pension settlement expense – 23,201 – 23,201Normalize tax rate1 (7,410) (11,647) (11,902) (14,242)Adjusted Net Income $ 17,894 $ 20,216 $ 32,150 $ 38,262GAAP average diluted shares outstanding 28,874 28,869 28,841 28,852Add back:Effect of dilutive share-based awards – 205 – 253Adjusted Diluted Shares Outstanding $ 28,874 $ 29,074 $ 28,841 $ 29,105GAAP EPS $ 0.16 $ (0.52) $ 0.09 $ (0.22)Adjusted EPS $ 0.62 $ 0.70 $ 1.11 $ 1.31
1 Applies a normalized tax rate of 25% to GAAP pre-tax income and non-GAAP adjustments above, which are each pre-tax.
Adjusted Net Income is defined as net income (loss) and GAAP EPS as reported, adjusted for certain items, including amortization of intangibles, and also adjusted for a normalized tax rate. Adjusted Diluted Shares Outstanding is defined as average diluted shares outstanding adjusted for the effect of dilutive share-based awards. Adjusted EPS is defined as Adjusted Net Income per Adjusted Diluted Shares Outstanding. Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS are not measures determined in accordance with GAAP and may not be comparable with the measures used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS, are important for investors and other readers of the Company's financial statements and assists in understanding the comparison of current periods' net income (loss), average diluted shares outstanding and GAAP EPS to the historical periods' net income (loss), average diluted shares outstanding and GAAP EPS, as well as facilitates a more meaningful comparison of the Company's net income (loss) and GAAP EPS to that of other companies. The Company believes that presenting Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS provides a better understanding of its earnings power inclusive of adjusting for the non-cash amortization of intangible assets, reflecting the Company's strategy to grow through acquisitions as well as organically.
COLUMBUS McKINNON CORPORATIONReconciliation of Net Income to Adjusted EBITDA($ in thousands) Three Months Ended Six Months Ended September 30, June 30, September 30, September 30, September 30, 2025 2025 2024 2025 2024Net income (loss) $ 4,595 $ (1,898) $ (15,043) $ 2,697 $ (6,414)Add back (deduct):Income tax expense (benefit) (1,446) 260 (4,908) (1,186) (1,488)Interest and debt expense 8,747 8,698 8,352 17,445 16,587Investment (income) loss (521) (1,049) (610) (1,570) (819)Foreign currency exchange (gain) loss 754 (342) (792) 412 (398)Other (income) expense, net 59 (177) 23,806 (118) 24,484Depreciation and amortization expense 12,219 12,266 12,188 24,485 24,028Acquisition deal and integration costs 9,996 8,103 – 18,099 -Business realignment costs 1,131 2,525 281 3,656 1,131Factory and warehouse consolidation costs 298 482 11,904 780 11,904Headquarter relocation costs 71 – 51 71 147Hurricane Helene cost impact – – 171 – 171Monterrey, MX new factory start-up costs 1,530 1,901 3,751 3,431 7,317Adjusted EBITDA $ 37,433 $ 30,769 $ 39,151 $ 68,202 $ 76,650Net sales $ 261,047 $ 235,920 $ 242,274 $ 496,967 $ 482,000Net income margin 1.8% (0.8)% (6.2)% 0.5% (1.3)%Adjusted EBITDA Margin 14.3% 13.0% 16.2% 13.7% 15.9%
Adjusted EBITDA is defined as net income (loss) before interest expense, income taxes, depreciation, amortization, and other adjustments. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by net sales. Adjusted EBITDA and Adjusted EBITDA Margin are not a measures determined in accordance with GAAP and may not be comparable with Adjusted EBITDA and Adjusted EBITDA Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA Margin, are important for investors and other readers of the Company's financial statements.
https://edge.prnewswire.com/c/img/favicon.png?sn=NY10854&sd=2025-10-30
View original content to download multimedia:https://www.prnewswire.com/news-releases/columbus-mckinnon-reports-8-sales-growth-in-q2-fy26-and-reaffirms-guidance-302599228.html
SOURCE Columbus McKinnon Corporation
https://rt.newswire.ca/rt.gif?NewsItemId=NY10854&Transmission_Id=202510300645PR_NEWS_USPR_____NY10854&DateId=20251030