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Columbus McKinnon Q2 sales beat estimates on Kito Crosby acquisition

By Reuters News


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


Reuters Recommended Reads

  • Nov 2 - Canada's Toromont Q3 revenue beats on higher equipment sales, rentals

  • Nov 2 - Canada's Wajax Q3 revenue misses estimates on lack of large mining shovel delivery

  • Nov 2 - Allison Transmission Q3 sales jump 121%, beat estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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