Columbus McKinnon orders rise 2% in second quarter
Columbus McKinnon Corp., a designer, manufacturer, and marketer of intelligent motion solutions for material handling, announced second quarter orders of $258.6 million increased 2% driven by an 8% increase in project-related orders.
First Quarter 2026 Highlights (compared with prior-year period, except where otherwise noted)
- Backlog of $360.1 million increased $67.3 million or 23% and a Book-to-Bill Ratio of 1.1x
- Net sales of $235.9 million with 2.3% operating margin or 7.8% on an adjusted basis includes a tariff impact of $4.2 million to operating profit
- Net loss of $1.9 million with a net loss margin of (0.8%) includes $8.1 million of Kito Crosby acquisition-related expenses, $4.2 million tariff impact and $2.5 million of business realignment costs on a pre-tax basis
- Adjusted EBITDA1 of $30.8 million with an Adjusted EBITDA Margin1 of 13.0%
- GAAP EPS of ($0.07) and Adjusted EPS1,2 of $0.50 includes an $0.11 per share unfavorable tariff impact
"The first quarter largely played out as expected as we delivered sustained order growth in an environment where global tariff policies pressured near-term results," said President and CEO David J. Wilson. "While the geographic distribution of tariffs has evolved, we continue to anticipate approximately $10 million of net tariff impact in the first half of fiscal 2026, consistent with our prior guidance.
"The demand environment remains healthy and our optimism for the business remains unchanged," he continued. "This was underscored by a book-to-bill ratio of 1.1x in the first quarter and a 23% increase in our backlog year-over-year. We have a history of successfully navigating uncertain environments and we remain focused on controlling what we can control, while emphasizing strong operational execution, cost management and advancing our strategic plan.
"We continue to progress towards the closing of the Kito Crosby acquisition and believe with the benefits of scale, improved solutions, the realization of synergies and strong free cash flow, we will be positioned to grow profitably and deliver long-term value for our shareholders."
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about 3BG Supply. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
