Columbus McKinnon Reports 10% Sales Growth in Q3 FY26

Core Insights - Columbus McKinnon Corporation reported strong financial results for Q3 FY 2026, with double-digit growth in sales, orders, and earnings per share (EPS), driven by U.S. demand stabilization and successful commercial initiatives [1][4] - The company has completed the acquisition of Kito Crosby, positioning itself for enhanced customer value and operational synergies while focusing on debt reduction [1][6] Financial Performance - Net sales for Q3 FY 2026 reached $258.7 million, a 10.5% increase from $234.1 million in Q3 FY 2025, attributed to higher volume, price improvements, and favorable currency translation [2][4] - U.S. sales increased by 13.7% to $147.2 million, while non-U.S. sales rose by 6.6% to $111.5 million [2] - Gross profit for the quarter was $89.2 million, an 8.6% increase from $82.1 million, with a gross margin of 34.5% [3][4] Operational Highlights - Orders for the quarter totaled $247.4 million, an 11% increase, with notable growth in U.S. precision conveyance, lifting, and automation [4] - The backlog increased by 15% to $341.6 million, indicating a healthy opportunity funnel across all platforms [4] Income Metrics - Net income for Q3 FY 2026 was $6.0 million, or $0.21 per diluted share, reflecting a 51% increase in net income and a 50% increase in EPS compared to the prior year [4][5] - Adjusted net income was $17.8 million, or $0.62 per diluted share, up 9% and 10.7% respectively [5] Capital Allocation and Guidance - The company is prioritizing capital allocation towards debt reduction while maintaining consistent dividend payments [6] - Columbus McKinnon has withdrawn its standalone fiscal year 2026 guidance due to uncertainties related to the Kito Crosby acquisition and pending divestitures [7][8]