Columbus McKinnon Q2 sales beat estimates on Kito Crosby acquisition
Overview
US intelligent motion solutions provider's Q2 FY27 sales more than doubled, beating analyst expectations
Adjusted EPS and adjusted EBITDA for Q2 FY27 both beat analyst expectations
Company raised full-year FY27 guidance for net sales, adjusted EBITDA, and adjusted EPS
Outlook
Company raises FY27 net sales outlook to $2.13 bln-$2.17 bln from $2.09 bln-$2.15 bln
Columbus McKinnon lifts FY27 adjusted EBITDA guidance to $425 mln-$440 mln from $405 mln-$420 mln
Company now expects FY27 adjusted EPS of $2.00-$2.15, up from $1.90-$2.10
Result Drivers
KITO CROSBY ACQUISITION - Co said Q2 sales and order growth were primarily driven by the Kito Crosby acquisition
LEGACY BUSINESS GROWTH - Legacy CMCO net sales rose 5.3% on higher pricing and volume
REGIONAL DEMAND - Sequential revenue growth supported by sustained strength in the Americas and stronger than anticipated demand in Asia and EMEA, per CEO David J. Wilson
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $539.30 mln | $518.56 mln (4 Analysts) |
Q2 Adjusted EPS | Beat | $0.61 | $0.38 (4 Analysts) |
Q2 Net Loss | $25.20 mln | ||
Q2 Adjusted EBITDA | Beat | $111.20 mln | $94.17 mln (4 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Columbus McKinnon Corp is $27.00, about 71.3% above its November 2 closing price of $15.76
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)