Q2 2026 Columbus McKinnon Corp Earnings Call Transcript
Key Points
- Net sales increased 8% year over year to $261 million, with growth across all product platforms.
- Adjusted EPS improved by $0.12 sequentially to $0.62, reflecting higher sales, margin expansion, and continued cost management.
- The backlog is a healthy $352 million, up 11% versus the prior year, indicating strong demand.
- The company is making progress on tariff mitigation and expects to achieve cost neutrality by the end of fiscal '26.
- Columbus McKinnon Corp (CMCO) is capitalizing on leadership positions in end markets with notable tailwinds such as aerospace, energy, and defense.
- Orders were down 3% year over year due to the prior year's significant project orders not repeating.
- The economic landscape in EMEA and AIPAC is resulting in slower conversion for project orders.
- Adjusted gross margin contracted 100 basis points year over year due to the impact of tariffs.
- The company expects a $10 million tariff-related cost impact for fiscal 2026, affecting profitability.
- The pending acquisition of Kito Crosby has been delayed, with the closing now expected by the end of the fiscal year.
Good morning and welcome to Columbus McKinnon's second quarter fiscal 2026 earnings conference call. My name is Ludy and I will be your conference operator today. As a reminder, this call is being recorded. I would now like to turn the conference over to Kristy Moser, Vice President of investor relations and treasurer. Please go ahead.
Thank you and welcome everyone to our call. On today's call, we will be covering our second quarter fiscal 2026 financial and operational results. On the call with me today are David Wilson, our President and Chief Executive Officer, and Greg Rustowicz, our Chief Financial Officer.
In a moment, Greg and David will walk you through our financial and operating performance for the quarter.
The earnings release and presentation to supplement today's call are available for download on our investor relations website at investors.cmco.com. Before we begin our remarks, please let me remind you that we have our safe harbor statement
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