Columbus McKinnon reports 8% sales growth for fiscal Q2
Columbus McKinnon Corp. reported second quarter net sales for fiscal year 2026 were $261.0 million, an increase of 8%, driven by growth across all platforms with particular strength in lifting and linear motion.
Orders of $253.7 million were impacted by a weaker macroeconomic landscape in EMEA, partially offset by U.S. orders growth of 11%. A backlog of $351.6 million increased 11% and the opportunity funnel remains healthy, according to the company. Net income of $4.6 million with a net income margin of 1.8% includes $10.0 million of Kito Crosby acquisition-related expenses on a pre-tax basis.
"Our team delivered a solid second quarter as the U.S. short-cycle market recovered and we executed on our record backlog," said President and CEO David J. Wilson. "Our funnel of quotation activity remains healthy, driven by attractive global opportunities and an improving demand environment in the United States. While the funnel of activity in EMEA remains attractive, order conversion rates there have slowed recently given a weaker macroeconomic sentiment."
"We are pleased with our tariff mitigation actions to date, which delivered a lower impact in the first half than we previously expected. We continue to anticipate an approximately $10 million tariff-related impact for the full year and that we will absorb the remaining impact in our third quarter. We remain focused on our mitigation actions and expect to achieve tariff cost neutrality by the end of the current fiscal year," continued Wilson. "Additionally, we are advancing our integration readiness and synergy achievement plans ahead of the pending acquisition of Kito Crosby. Our team continues to prepare for the closing of the acquisition as quickly as the regulatory process will allow."
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