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Columbus McKinnon (NASDAQ: CMCO) lifts Q3 sales 10% as orders, backlog grow

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Columbus McKinnon reported strong Q3 FY26 results with net sales of $258.7 million, up 10.5% from a year earlier, driven by higher volume, pricing and favorable currency. Net income rose to $6.0 million, or $0.21 per diluted share, a roughly 50% increase.

Adjusted results were also solid: Adjusted Net Income was $17.8 million and Adjusted EPS $0.62, both up high single to low double digits, while Adjusted EBITDA was $39.8 million with a 15.4% margin. Orders grew 11% to $247.4 million and backlog increased 15% to $341.6 million, showing healthy demand despite softer macro conditions in EMEA.

The company closed its acquisition of Kito Crosby and plans to prioritize debt reduction, targeting a Net Leverage Ratio below 4.0x by the end of fiscal 2028. Due to the acquisition and a pending divestiture of its U.S. power chain hoist and chain operations, Columbus McKinnon withdrew its standalone FY26 guidance and expects transaction-related costs and higher interest expense to dilute GAAP EPS in Q4.

Positive

  • Strong top-line growth: Q3 FY26 net sales reached $258.7 million, up 10.5% year over year, with broad-based strength across lifting, linear motion and automation in North America and EMEA.
  • Earnings and cash flow improvement: GAAP net income rose to $6.0 million (EPS $0.21), Adjusted EPS increased to $0.62, and year-to-date operating cash flow grew 106% to $20.6 million, supporting higher free cash generation.
  • Robust demand indicators: Q3 orders increased 11% to $247.4 million and backlog rose 15% to $341.6 million, providing good revenue visibility across both short-cycle and project-related business.
  • Strategic expansion with Kito Crosby: The company closed the Kito Crosby acquisition and outlined plans to realize value-creation initiatives while using significant expected free cash flow to reduce leverage, targeting a Net Leverage Ratio below 4.0x by fiscal 2028.

Negative

  • Margin compression despite growth: Gross margin declined from 35.1% to 34.5%, Adjusted Gross Margin fell from 36.8% to 35.1%, and Adjusted EBITDA margin decreased from 17.2% to 15.4%, indicating higher cost pressure and integration-related spending.
  • Guidance withdrawal and near-term EPS dilution: Due to the Kito Crosby acquisition and a pending divestiture, the company withdrew its standalone FY26 guidance and expects Q4 FY26 GAAP EPS to be diluted by transaction-related expenses, purchase accounting adjustments, integration costs and higher interest expense.
  • Higher operating costs and leverage focus: Year-to-date income from operations declined versus the prior year, interest and debt expense increased, and management emphasized debt reduction, signaling a more leveraged balance sheet following recent M&A.
  • Macroeconomic softness in EMEA: Management highlighted a cautious view on the EMEA macro environment, with slower order conversion, which could constrain growth in that region if conditions persist.

Insights

Q3 shows healthy growth and cash generation, but margins compressed and guidance was withdrawn after a major acquisition.

Columbus McKinnon delivered Q3 FY26 net sales of $258.7 million, up 10.5%, with orders up 11% and backlog up 15% to $341.6 million. Growth came from lifting, linear motion and automation across North America and EMEA, with especially strong U.S. demand.

Profitability was mixed. Net income rose to $6.0 million and GAAP EPS to $0.21, but gross margin slipped to 34.5% and Adjusted EBITDA margin fell to 15.4% from 17.2%, reflecting higher operating costs and integration-related items. Adjusted EPS of $0.62 still grew about 11%.

Strategically, the completed Kito Crosby acquisition and pending divestiture of U.S. power chain hoist and chain operations reshape the portfolio. Management withdrew FY26 guidance and flagged that Q4 FY26 GAAP EPS will be diluted by transaction costs, purchase accounting and higher interest expense. They expect strong cash flow and plan to prioritize debt reduction, targeting Net Leverage below 4.0x by the end of fiscal 2028.

0001005229false00010052292026-02-092026-02-09

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 9, 2026

Columbus McKinnon Corporation
(Exact name of registrant as specified in its charter)

New York
(State or other jurisdiction of incorporation)
001-34362 16-0547600
(Commission File Number) (IRS Employer Identification No.)
 
13320 Ballantyne Corporate Place, Suite DCharlotteNC28277
(Address of principal executive offices)(Zip Code)

Registrant's telephone number including area code: (716) 689-5400

_________________________________________________


(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par value per shareCMCONasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company

If an Emerging Growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On February 9, 2026, Columbus McKinnon Corporation (the "Registrant") issued a press release announcing its financial results for the third quarter, which ended December 31, 2025. The press release is annexed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 7.01REGULATION FD DISCLOSURE.

The slides used during the earnings call are annexed as Exhibit 99.2 to this Current Report on Form 8-K.

The information contained in this Form 8-K and the Exhibits annexed hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth in such filing.

Item 9.01FINANCIAL STATEMENTS AND EXHIBITS.

(d)  Exhibits.
EXHIBIT
NUMBER
  DESCRIPTION
      
99.1
  
Press Release dated February 9, 2026
99.2
Earnings call slides dated February 9, 2026
104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


COLUMBUS McKINNON CORPORATION
    
By:/s/ Gregory P. Rustowicz
Name:Gregory P. Rustowicz
Title:Executive Vice President Finance and Chief Financial Officer
  (Principal Financial Officer)

Dated: February 9, 2026


 cmcointelligentmotionlogo-.jpg    
EXHIBIT 99.1                            
News Release
13320 Ballantyne Corporate Place Suite D
Charlotte, NC 28277
Immediate Release
Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
CHARLOTTE, NC, February 9, 2026 - Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2026 third quarter, which ended December 31, 2025.
Third Quarter 2026 Highlights (compared with prior-year period, except where otherwise noted)
Net sales of $258.7 million increased 10% with strength in lifting, linear motion and automation across both North America and EMEA
Orders of $247.4 million increased 11% with growth across both short-cycle orders and project-related orders with particular strength in U.S. precision conveyance, lifting and automation
Backlog of $341.6 million was up 15% with growth across all platforms and an opportunity funnel that remains healthy
Net income of $6.0 million, or $0.21 per diluted share, up 51% and 50%, respectively
Adjusted Net Income1 of $17.8 million, or $0.62 per diluted share1, up 9% and 11% respectively
Adjusted EBITDA1,2 of $39.8 million with Adjusted EBITDA Margin1,2 of 15.4%
YTD cash flow provided by operations of $20.6 million increased 106% as strong cash generation more than offset acquisitions-related cash outflows of $13.3 million
“Our team delivered double-digit sales, order and EPS growth in the quarter, ahead of our expectations as we executed on commercial initiatives and continued to benefit from U.S. demand stabilization,” said David J. Wilson, President and Chief Executive Officer. “While I am encouraged by our active, global funnel of opportunities, we remain cautious on the macroeconomic environment in EMEA where order conversion rates have remained slow.”
“Having now closed on the acquisition of Kito Crosby, we are well positioned to deliver for our customers and shareholders as we begin executing on value creation initiatives," continued Wilson. "I have never been more excited about the opportunities that lie ahead for Columbus McKinnon. In combination with Kito Crosby, we will provide the market with a superior customer value proposition by bringing together the best of our collective talent and capabilities. Our new Executive Leadership Team brings together leaders with deep expertise across our brands and applications with a customer-centricity that will ensure business continuity while we remain laser-focused on synergy realization and debt reduction to unlock value for all stakeholders.”


Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
Third Quarter Fiscal 2026 Sales
($ in millions)
Q3 FY26
Q3 FY25
Change% Change
Net sales$258.7 $234.1 $24.5 10.5 %
U.S. sales4
$147.2 $129.5 $17.7 13.7 %
     % of total57 %55 %
Non-U.S. sales4
$111.5 $104.6 $6.9 6.6 %
     % of total43 %45 %
For the quarter, net sales increased $24.5 million, or 10.5% driven by $11.7 million of higher volume, $6.1 million of price improvement and $6.7 million of favorable currency translation. In the U.S., sales were up $17.7 million, or 13.7%, driven by $13.5 million of higher volume and $4.2 million of price improvement. Sales outside the U.S. increased $6.9 million, or 6.6%, driven by $6.7 million of favorable currency translation and $1.9 million of price improvement, partially offset by $1.7 million of lower volume.
Third Quarter Fiscal 2026 Operating Results
($ in millions, except per share figures)
Q3 FY26Q3 FY25Change% Change
Gross profit$89.2 $82.1 $7.1 8.6 %
     Gross margin34.5 %35.1 %(60) bps
Adjusted Gross Profit1
$90.9 $86.2 $4.6 5.4 %
     Adjusted Gross Margin1
35.1 %36.8 %(170) bps
Income from operations$16.2 $17.7 $(1.5)(8.6)%
 Operating margin6.3 %7.6 %(130) bps
Adjusted Operating Income1
$24.5 $25.6 $(1.0)(4.1)%
     Adjusted Operating Margin1
9.5 %10.9 %(140) bps
Net income (loss)$6.0 $4.0 $2.0 51.5 %
     Net income (loss) margin2.3 %1.7 %60 bps
Adjusted Net Income1
$17.8 $16.3 $1.5 9.5 %
GAAP EPS$0.21 $0.14 $0.07 50.0 %
Adjusted EPS1,3
$0.62 $0.56 $0.06 10.7 %
Adjusted EBITDA1,2
$39.8 $40.3 $(0.5)(1.2)%
     Adjusted EBITDA Margin1,2
15.4 %17.2 %(180) bps

Capital Allocation Priorities
The Company remains committed to allocating capital to pay down debt to deleverage its balance sheet in the near term while continuing its track record of a consistent dividend payment. Over time, the Company believes it will be positioned to utilize its expected significant free cash flow generation to advance its Intelligent Motion strategy across the fragmented marketplace.

2

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
Fiscal Year 2026 Guidance
Given the recently completed Kito Crosby acquisition and the pending divestiture of our U.S. power chain hoist and chain operations, the Company is withdrawing our Columbus McKinnon standalone fiscal year 2026 guidance previously presented as part of our second quarter fiscal 2026 earnings release due to a higher degree of uncertainty in expected results for the fourth quarter of fiscal 2026 resulting from the timing of the pending divestiture, regulatory limitations on information sharing with or from Kito Crosby prior to closing and the integration of our financial processes within Kito Crosby.
Consistent with prior years' convention, we will provide an updated financial outlook and issue financial guidance for fiscal 2027 in conjunction with our fourth quarter fiscal 2026 earnings release in late May of 2026.
Certain transaction-related expenses, purchase accounting adjustments and early integration costs will be incurred in the fourth quarter of fiscal 2026. The impact of these costs as well as higher interest expense are expected to be dilutive to GAAP earnings per share in the fourth quarter of fiscal 2026.
Following the closing of the transactions, the Company’s primary allocation of capital is expected to be debt reduction. We expect significant cashflow generation from the combined business leading to a Net Leverage Ratio5 below 4.0x by the end of fiscal 2028.
Teleconference and Webcast
Columbus McKinnon will host a conference call today at 5:00 PM Eastern Time to discuss the Company's financial results and strategy. The conference call, earnings release and earnings presentation will be accessible through live webcast on the Company's investor relations website at investors.cmco.com. A replay of the webcast will also be archived on the Company's investor relations website through February 16, 2026.











______________________
1     Adjusted Gross Profit, Adjusted Gross Margin, Adjusted Operating Income, Adjusted Operating Margin, Adjusted Net Income, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EPS, and Free Cash Flow are non-GAAP financial measures. See accompanying discussion and reconciliation tables provided in this release for reconciliations of these non-GAAP financial measures to the closest corresponding GAAP financial measures.
2    In connection with the preparation of this release, the Company has used its updated definition of Adjusted EBITDA, which includes an addback of Company's stock-based compensation expense. This revised definition of Adjusted EBITDA was used to calculate Adjusted EBITDA set forth above and will be used by the Company on a go-forward basis for purposes of all future Adjusted EBITDA disclosures. This definitional change was driven by the Company's belief that adding back the expense associated with stock-based compensation for purposes of the computation of Adjusted EBITDA will provide the Company's investors with a better understanding of our underlying performance from period to period and enable them to better compare our performance against that of our peer companies, many of which also include an addback of stock-based compensation expense in computing Adjusted EBITDA.
3    Adjusted EPS excludes, among other adjustments, amortization of intangible assets. The Company believes this better represents its inherent earnings power and cash generation capability.
4     Components may not add due to rounding.
5     The Company has not reconciled the Net Leverage Ratio guidance to the most comparable GAAP financial measure outlook because it is not possible to do so without unreasonable efforts due to the uncertainty and potential variability of reconciling items, which are dependent on future events and often outside of management’s control and which could be significant. Because such items cannot be reasonably predicted with the level of precision required, we are unable to provide guidance for the comparable GAAP financial measure. Forward-looking guidance regarding Net Leverage Ratio is made in a manner consistent with previous filings with the Securities and Exchange Commission.
3

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
About Columbus McKinnon
Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems. The Company is focused on commercial and industrial applications that require the safety and quality provided by its superior design and engineering know-how. Comprehensive information on Columbus McKinnon is available at www.cmco.com.

Safe Harbor Statement
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," “believe,” “continue,” “could,” “estimate,” “expect,” “illustrative,” “intend,” “likely,” “may,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “shall,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this document, including, but are not limited to, statements relating to: (i) our strategy, outlook and growth prospects, including the impact of certain transaction-related expenses, purchase accounting adjustments, early integration costs and higher interests expense on GAAP earnings per share for the fourth quarter of fiscal 2026; (ii) our ability to de-leverage the Company to a Net Leverage Ratio to below 4.0x by the end of fiscal 2028; (iii) our operational and financial targets and capital allocation priorities including our ability to generate significant free cash flow to fund these capital allocation priorities and our ability to advance our Intelligent Motion strategy; (iv) general economic trends and trends in our industry and markets; (v) expected timing for the closing of the divestiture of the Company's U.S. power chain hoist and chain operations; (vi) the benefits expected to be achieved from the Kito Crosby acquisition and the Company’s ability to realize expected synergies; and (vii) the competitive environment in which we operate, are forward looking statements. Forward-looking statements are not based on historical facts, but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions, and involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made. Columbus McKinnon undertakes no duty to update publicly any such forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.
Contacts:
Gregory P. RustowiczKristine Moser
EVP Finance and CFOVP IR and Treasurer
Columbus McKinnon CorporationColumbus McKinnon Corporation
716-689-5442704-322-2488
greg.rustowicz@cmco.comkristy.moser@cmco.com

Financial tables follow.
4

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
COLUMBUS McKINNON CORPORATION
Condensed Consolidated Income Statements - UNAUDITED
(In thousands, except per share and percentage data)
 
Three Months Ended
 December 31,
2025
December 31,
2024
Change
Net sales$258,655 $234,138 10.5 %
Cost of products sold169,498 152,041 11.5 %
Gross profit89,157 82,097 8.6 %
Gross profit margin34.5 %35.1 % 
Selling expenses28,777 27,348 5.2 %
% of net sales11.1 %11.7 %
General and administrative expenses32,148 24,233 32.7 %
% of net sales12.4 %10.3 %
Research and development expenses4,442 5,325 (16.6)%
% of net sales1.7 %2.3 %
Amortization of intangibles7,622 7,501 1.6 %
Income from operations16,168 17,690 (8.6)%
Operating margin6.3 %7.6 % 
Interest and debt expense8,312 7,698 8.0 %
Investment (income) loss(395)(54)631.5 %
Foreign currency exchange (gain) loss492 3,128 (84.3)%
Other (income) expense, net(20)1,029 NM
Income (loss) before income tax expense (benefit)7,779 5,889 32.1 %
Income tax expense (benefit)1,781 1,929 (7.7)%
Net income (loss)$5,998 $3,960 51.5 %
Average basic shares outstanding28,729 28,631 0.3 %
Basic income (loss) per share$0.21 $0.14 50.0 %
Average diluted shares outstanding28,941 28,888 0.2 %
Diluted income (loss) per share$0.21 $0.14 50.0 %
Dividends declared per common share$0.07 $0.07 


 

5

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
COLUMBUS McKINNON CORPORATION
Condensed Consolidated Income Statements - UNAUDITED
(In thousands, except per share and percentage data)

Nine Months Ended
 December 31,
2025
December 31,
2024
Change
Net sales$755,622 $716,138 5.5 %
Cost of products sold499,083 470,268 6.1 %
Gross profit256,539 245,870 4.3 %
Gross profit margin34.0 %34.3 % 
Selling expenses86,430 82,044 5.3 %
% of net sales11.4 %11.5 %
General and administrative expenses99,277 74,043 34.1 %
% of net sales13.1 %10.3 %
Research and development expenses14,044 17,593 (20.2)%
% of net sales1.9 %2.5 %
Amortization of intangibles22,940 22,548 1.7 %
Income from operations33,848 49,642 (31.8)%
Operating margin4.5 %6.9 % 
Interest and debt expense25,757 24,285 6.1 %
Investment (income) loss(1,965)(873)125.1 %
Foreign currency exchange (gain) loss904 2,730 (66.9)%
Other (income) expense, net(138)25,512 NM
Income (loss) before income tax expense (benefit)9,290 (2,012)NM
Income tax expense (benefit)595 442 34.6 %
Net income (loss)$8,695 $(2,454)NM
Average basic shares outstanding28,704 28,778 (0.3)%
Basic income (loss) per share$0.30 $(0.09)NM
Average diluted shares outstanding28,906 28,778 0.4 %
Diluted income (loss) per share$0.30 $(0.09)NM
Dividends declared per common share$0.14 $0.14 
6

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
COLUMBUS McKINNON CORPORATION
Condensed Consolidated Balance Sheets
(In thousands)
 December 31,
2025
March 31,
2025
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents$35,484 $53,683 
Trade accounts receivable174,326 165,481 
Inventories222,377 198,598 
Prepaid expenses and other49,726 48,007 
Total current assets481,913 465,769 
Property, plant, and equipment, net102,384 106,164 
Goodwill731,546 710,807 
Other intangibles, net345,746 356,562 
Marketable securities10,465 10,112 
Deferred taxes on income10,158 2,904 
Other assets80,308 86,470 
Total assets$1,762,520 $1,738,788 
LIABILITIES AND SHAREHOLDERS’ EQUITY  
Current liabilities:  
Trade accounts payable$90,822 $93,273 
Accrued liabilities121,475 113,907 
Current portion of long-term debt and finance lease obligations50,829 50,739 
Total current liabilities263,126 257,919 
Term loan, AR securitization facility and finance lease obligations399,439 420,236 
Other non current liabilities177,104 178,538 
Total liabilities$839,669 $856,693 
Shareholders’ equity:  
Common stock287 286 
Treasury stock(11,000)(11,000)
Additional paid in capital538,732 531,750 
Retained earnings386,829 382,160 
Accumulated other comprehensive income (loss)8,003 (21,101)
Total shareholders’ equity$922,851 $882,095 
Total liabilities and shareholders’ equity$1,762,520 $1,738,788 

7

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
COLUMBUS McKINNON CORPORATION
Condensed Consolidated Statements of Cash Flows - UNAUDITED
(In thousands)
Nine Months Ended
 December 31,
2025
December 31,
2024
Operating activities:
Net income (loss)$8,695 $(2,454)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization36,620 36,230 
Deferred income taxes and related valuation allowance(11,472)(15,089)
Net loss (gain) on sale of investments and other(1,503)(617)
Non-cash pension settlement— 23,634 
Stock-based compensation7,779 6,677 
Amortization of deferred financing costs1,666 1,865 
Impairment of operating lease— 3,268 
Loss (gain) on hedging instruments1,360 (321)
(Gain) loss on sales, disposals, and impairments of fixed assets(913)394 
Non-cash lease expense7,321 7,657 
Changes in operating assets and liabilities:
Trade accounts receivable(3,480)10,255 
Inventories(15,997)(18,894)
Prepaid expenses and other(403)(14,565)
Other assets2,603 486 
Trade accounts payable(3,616)(8,061)
Accrued liabilities810 (15,240)
Non current liabilities(8,875)(5,225)
Net cash provided by (used for) operating activities20,595 10,000 
Investing activities:  
Proceeds from sales of marketable securities2,781 4,301 
Purchases of marketable securities(2,521)(3,257)
Capital expenditures(10,347)(15,266)
Proceeds from sale of building, net of transaction costs 3,257 — 
Net cash provided by (used for) investing activities(6,830)(14,222)
Financing activities: 
Proceeds from the issuance of common stock— 364 
Purchases of treasury stock— (9,945)
Borrowings / (Repayments) of debt(21,821)(45,495)
Payment to former owners of montratec— (6,711)
Fees paid for debt repricing (577)(169)
Cash inflows from hedging activities17,419 17,753 
Cash outflows from hedging activities(18,720)(17,360)
Payment of dividends(6,025)(6,039)
Other(796)(1,897)
Net cash provided by (used for) financing activities(30,520)(69,499)
Effect of exchange rate changes on cash and cash equivalents(1,444)819 
Net change in cash and cash equivalents(18,199)(72,902)
Cash, cash equivalents, and restricted cash at beginning of year$53,933 $114,376 
Cash, cash equivalents, and restricted cash at end of period$35,734 $41,474 
8

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
COLUMBUS McKINNON CORPORATION
Q3 FY 2026 Net Sales Bridge

QuarterYear To Date
($ in millions)$ Change% Change$ Change% Change
Fiscal 2025 Net Sales
$234.1 $716.1 
Pricing6.1 2.6 %13.5 1.9 %
Volume11.7 5.0 %11.4 1.6 %
Foreign currency translation6.7 2.9 %14.6 2.0 %
Total change1
$24.6 10.5 %$39.5 5.5 %
Fiscal 2026 Net Sales
$258.7 

$755.6 

COLUMBUS McKINNON CORPORATION
Q3 FY 2026 Gross Profit Bridge

($ in millions)QuarterYear To Date
Fiscal 2025 Gross Profit
$82.1 $245.9 
Price, net of manufacturing costs changes (incl. inflation)0.3 (6.4)
Product liability0.3 0.3 
Monterrey, MX new factory start-up costs1.6 1.9 
Factory and warehouse consolidation costs0.4 10.5 
Sales volume and mix1.7 (0.4)
Other0.5 (0.4)
Foreign currency translation2.4 5.2 
Total change1
7.1 10.6 
Fiscal 2026 Gross Profit
$89.2 $256.5 

U.S. Shipping Days by Quarter 
 Q1Q2Q3Q4Total
FY2663636261249
FY2564636262251








______________________
1 Components may not add due to rounding.
9

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
COLUMBUS McKINNON CORPORATION
Additional Data1
(Unaudited)
Period Ended
 December 31, 2025September 30, 2025March 31, 2025December 31, 2024
($ in millions)
Backlog$341.6  $351.6 $322.5  $296.5 
Long-term backlog
  Expected to ship beyond 3 months$209.8 $212.4 $190.3 $166.1 
Long-term backlog as % of total backlog61.4 %60.4 %59.0 %56.0 %
Debt to total capitalization percentage32.8 %33.4 %34.8 %35.8 %
Debt, net of cash, to net total capitalization31.0 %32.0 %32.1 %33.8 %
Working capital as a % of sales23.4 %24.3 %21.3 %23.7 %
Three Months Ended
 December 31, 2025September 30, 2025March 31, 2025December 31, 2024
($ in millions)
Trade accounts receivable    
Days sales outstanding61.3 days62.5 days61.0 days61.0 days
Inventory turns per year    
(based on cost of products sold)3.0 turns3.1 turns3.4 turns3.0 turns
Days' inventory121.7 days117.7 days107.4 days121.7 days
Trade accounts payable    
Days payables outstanding56.2 days58.1 days54.9 days50.5 days
Net cash provided by (used for) operating activities$20.3 $18.4 $35.6 $11.4 
Capital expenditures$3.8 $3.3 $6.1 $5.2 
Free Cash Flow 2
$16.5 $15.1 $29.5 $6.2 





______________________
1     Additional Data: This data is provided to help investors understand financial and operational metrics that management uses to measure the Company’s financial performance and identify trends affecting the business. These measures may not be comparable with or defined in the same manner as other companies. Components may not add due to rounding.
2     Free Cash Flow is a non-GAAP financial measure. Free Cash Flow is defined as GAAP net cash provided by (used for) operating activities less capital expenditures included in the investing activities section of the consolidated statement of cash flows. See the table above for the calculation of Free Cash Flow.
10

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
NON-GAAP FINANCIAL MEASURES
The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this earnings release to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The Company has provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this earnings release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this earnings release. The non-GAAP financial measures in this earnings release may differ from similarly titled measures used by other companies.


COLUMBUS McKINNON CORPORATION
Reconciliation of Gross Profit to Adjusted Gross Profit
($ in thousands)

Three Months EndedNine Months Ended
December 31, 2025December 31, 2024December 31, 2025December 31, 2024
Gross profit$89,157 $82,097 $256,539 $245,870 
Add back (deduct):
Business realignment costs66 526 1,516 994 
Acquisition integration costs— — 68 — 
Hurricane Helene cost impact— — — 171 
Factory and warehouse consolidation costs147 556 855 11,319 
Monterrey, MX new factory start-up costs1,483 3,038 4,914 6,848 
Adjusted Gross Profit$90,853 $86,217 $263,892 $265,202 
Net sales$258,655 $234,138 $755,622 $716,138 
Gross margin34.5 %35.1 %34.0 %34.3 %
Adjusted Gross Margin35.1 %36.8 %34.9 %37.0 %

Adjusted Gross Profit is defined as gross profit as reported, adjusted for certain items. Adjusted Gross Margin is defined as Adjusted Gross Profit divided by net sales. Adjusted Gross Profit and Adjusted Gross Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Gross Profit and Adjusted Gross Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Gross Profit and Adjusted Gross Margin, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s gross profit and gross margin to the historical periods' gross profit, as well as facilitates a more meaningful comparison of the Company’s gross profit and gross margin to that of other companies.
11

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
COLUMBUS McKINNON CORPORATION
Reconciliation of Income from Operations to Adjusted Operating Income
($ in thousands)

Three Months EndedNine Months Ended
December 31, 2025December 31, 2024December 31, 2025December 31, 2024
Income from operations$16,168 $17,690 $33,848 $49,642 
Add back (deduct):
Acquisition deal and integration costs6,342 — 24,441 — 
Business realignment costs241 987 3,897 2,118 
Factory and warehouse consolidation costs147 653 927 12,557 
Headquarter relocation costs145 175 216 322 
Hurricane Helene cost impact— — — 171 
Mexico customs duty assessment— 1,500 — 1,500 
Customer bad debt1
— 1,299 — 1,299 
Monterrey, MX new factory start-up costs1,483 3,270 4,914 10,587 
Adjusted Operating Income$24,526 $25,574 $68,243 $78,196 
Net sales$258,655 $234,138 $755,622 $716,138 
Operating margin6.3 %7.6 %4.5 %6.9 %
Adjusted Operating Margin9.5 %10.9 %9.0 %10.9 %
1     Customer bad debt represents a reserve of $1,299,000 against an accounts receivable balance for a customer who declared bankruptcy in January 2025.
Adjusted Operating Income is defined as income from operations as reported, adjusted for certain items. Adjusted Operating Margin is defined as Adjusted Operating Income divided by net sales. Adjusted Operating Income and Adjusted Operating Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Operating Income and Adjusted Operating Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Operating Income and Adjusted Operating Margin, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s income from operations to the historical periods' income from operations and operating margin, as well as facilitates a more meaningful comparison of the Company’s income from operations and operating margin to that of other companies.


12

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
COLUMBUS McKINNON CORPORATION
Reconciliation of Net Income and Diluted Earnings per Share to
Adjusted Net Income and Adjusted Earnings per Share
($ in thousands, except per share data)

Three Months EndedNine Months Ended
December 31, 2025December 31, 2024December 31, 2025December 31, 2024
Net income (loss)$5,998 $3,960 $8,695 $(2,454)
Add back (deduct):
Amortization of intangibles7,622 7,501 22,940 22,548 
Acquisition deal and integration costs6,342 — 24,441 — 
Business realignment costs241 987 3,897 2,118 
Factory and warehouse consolidation costs147 653 927 12,557 
Headquarter relocation costs145 175 216 322 
Hurricane Helene cost impact— — — 171 
Mexico customs duty assessment— 1,500 — 1,500 
Customer bad debt1
— 1,299 — 1,299 
Monterrey, MX new factory start-up costs1,483 3,270 4,914 10,587 
Non-cash pension settlement expense— 433 — 23,634 
     Normalize tax rate2
(4,159)(3,498)(16,061)(17,739)
Adjusted Net Income$17,819 $16,280 $49,969 $54,543 
GAAP average diluted shares outstanding28,941 28,888 28,906 28,778 
Add back:
Effect of dilutive share-based awards— — — 268 
Adjusted Diluted Shares Outstanding$28,941 $28,888 $28,906 $29,046 
GAAP EPS$0.21 $0.14$0.30 $(0.09)
Adjusted EPS$0.62 $0.56$1.73 $1.88
1 Customer bad debt represents a reserve of $1,299,000 against an accounts receivable balance for a customer who declared bankruptcy in January 2025.
2     Applies a normalized tax rate of 25% to GAAP pre-tax income and non-GAAP adjustments above, which are each pre-tax.
Adjusted Net Income is defined as net income (loss) and GAAP EPS as reported, adjusted for certain items, including amortization of intangibles, and also adjusted for a normalized tax rate. Adjusted Diluted Shares Outstanding is defined as average diluted shares outstanding adjusted for the effect of dilutive share-based awards. Adjusted EPS is defined as Adjusted Net Income per Adjusted Diluted Shares Outstanding. Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS are not measures determined in accordance with GAAP and may not be comparable with the measures used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of current periods' net income (loss), average diluted shares outstanding and GAAP EPS to the historical periods' net income (loss), average diluted shares outstanding and GAAP EPS, as well as facilitates a more meaningful comparison of the Company’s net income (loss) and GAAP EPS to that of other companies. The Company believes that presenting Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS provides a better understanding of its earnings power inclusive of adjusting for the non-cash amortization of intangible assets, reflecting the Company’s strategy to grow through acquisitions as well as organically.
13

Columbus McKinnon Reports 10% Sales Growth in Q3 FY26
February 9, 2026
COLUMBUS McKINNON CORPORATION
Reconciliation of Net Income to Adjusted EBITDA1
($ in thousands)

Three Months EndedNine Months Ended
December 31, 2025December 31, 2024December 31, 2025December 31, 2024
Net income (loss)$5,998 $3,960 $8,695 $(2,454)
Add back (deduct):
Income tax expense (benefit)1,781 1,929 595 442 
Interest and debt expense8,312 7,698 25,757 24,285 
Investment (income) loss(395)(54)(1,965)(873)
Foreign currency exchange (gain) loss492 3,128 904 2,730 
Other (income) expense, net
(20)1,029 (138)25,512 
Stock-based compensation1
3,153 2,502 7,779 6,677 
Depreciation and amortization expense
12,135 12,202 36,620 36,230 
Acquisition deal and integration costs6,342 — 24,441 — 
Business realignment costs241 987 3,897 2,118 
Factory and warehouse consolidation costs147 653 927 12,557 
Headquarter relocation costs145 175 216 322 
Hurricane Helene cost impact— — — 171 
Mexico customs duty assessment— 1,500 — 1,500 
 Customer bad debt2
— 1,299 — 1,299 
Monterrey, MX new factory start-up costs1,483 3,270 4,914 10,587 
Adjusted EBITDA1
$39,814 $40,278 $112,642 $121,103 
Net sales$258,655 $234,138 $755,622 $716,138 
Net income margin2.3 %1.7 %1.2 %(0.3)%
Adjusted EBITDA Margin1
15.4 %17.2 %14.9 %16.9 %
1     In connection with the preparation of this release, the Company has used its updated definition of Adjusted EBITDA, which includes an addback of Company's stock-based compensation expense. This revised definition of Adjusted EBITDA was used to calculate Adjusted EBITDA set forth above, both for current periods and recast historical periods, and will be used by the Company on a go-forward basis for purposes of all future Adjusted EBITDA disclosures. This definitional change was driven by the Company's belief that adding back the expense associated with stock-based compensation for purposes of the computation of Adjusted EBITDA will provide the Company's investors with a better understanding of our underlying performance from period to period and enable them to better compare our performance against that of our peer companies, many of which also include an addback of stock-based compensation expense in computing Adjusted EBITDA.
2     Customer bad debt represents a reserve of $1,299,000 against an accounts receivable balance for a customer who declared bankruptcy in January 2025.
Adjusted EBITDA is defined as net income (loss) before interest expense, income taxes, depreciation, amortization, and other adjustments, including stock-based compensation. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by net sales. Adjusted EBITDA and Adjusted EBITDA Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted EBITDA and Adjusted EBITDA Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA Margin, are important for investors and other readers of the Company’s financial statements.

14
Q3 Fiscal 2026 Financial Results Conference Call February 9, 2026 Kristine MoserGregory RustowiczDavid Wilson President & Chief Executive Officer Executive Vice President Finance & Chief Financial Officer Vice President, Investor Relations & Treasurer


 
Safe Harbor Statement 2 This presentation and the accompanying oral discussion contains “forward-looking statements” within the meaning of the Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," “believe,” “continue,” “could,” “estimate,” “expect,” “illustrative,” “intend,” “likely,” “may,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “shall,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. Such forward-looking statements include, among others, statements regarding: (1) our strategy, outlook and growth prospects, including our fiscal year 2026 guidance and the impact of certain transaction-related expenses, purchase accounting adjustments, early integration costs and higher interests expense on GAAP earnings per shares for the fourth quarter and for the full fiscal year of 2026; (2) our ability to de-leverage the Company to a Net Leverage Ratio to below 4.0x by the end of fiscal 2028; (3) our operational and financial targets and capital allocation priorities including our ability to generate significant free cash flow to fund these capital allocation priorities and our ability to advance our Intelligent Motion strategy; (4) general economic trends and trends in our industry and markets; (5) expected timing for the closing of the divestiture; (6) the benefits expected to be achieved from the Kito Crosby acquisition and the Company's ability to realize expected synergies; and (7) the competitive environment in which we operate. Forward-looking statements are not based on historical facts, but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions, and involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. It is not possible to predict or identify all such risks. These risks include, but are not limited to, (1) risks relating to the competitive environment in which we operate; (2) the risk that the integration of Kito Crosby's business and operations into the Company will be materially delayed or will be more costly or difficult than expected, or that the Company is otherwise unable to successfully integrate Kito Crosby's business into its own, including as a result of unexpected factors or events; (3) risks related to the general competitive, economic, political and market conditions and other factors that may affect future results of the Company; and (4) the other risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward looking statements speak only as of the date they are made. Columbus McKinnon undertakes no duty to update publicly any such forward- looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority. Non-GAAP Financial Measures and Forward-looking Non-GAAP Financial Measures This presentation will discuss some non-GAAP (“adjusted”) financial measures which we believe are useful in evaluating Columbus McKinnon’s performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP. The non-GAAP financial measures are noted and reconciliations of comparable historical GAAP measures with historical non-GAAP financial measures can be found in tables either included in the Supplemental Information portion of this presentation or our filings with the Securities and Exchange Commission.


 
Q3 FY26 Highlights 3 1 Non-GAAP financial measure; see definition and reconciliation at the end of this Presentation 2 In connection with the preparation of this presentation, the Company has used its updated definition of Adjusted EBITDA, which includes an addback of Company's stock-based compensation expense. This revised definition of Adjusted EBITDA was used to calculate Adjusted EBITDA set forth above and will be used by the Company on a go-forward basis for purposes of all future Adjusted EBITDA disclosures. This definitional change was driven by the Company's belief that adding back the expense associated with stock-based compensation for purposes of the computation of Adjusted EBITDA will provide the Company's investors with a better understanding of our underlying performance from period to period and enable them to better compare our performance against that of our peer companies, many of which also include an addback of stock-based compensation expense in computing Adjusted EBITDA. Double-digit growth in orders and backlog Y/Y Net sales of $259M increased 10% from prior year Net income of $6M, or $0.21 per diluted share was up 50% Y/Y Adjusted Net Income1 of $18 million, or $0.62 per diluted share1 was up 11% Y/Y Adjusted EBITDA1,2 of $40 million with Adjusted EBITDA Margin1,2 of 15.4% YTD cash provided by operations of $21M increased 106% as strong cash generation more than offset acquisitions-related cash outflows of $13M Completed closing of the Kito Crosby acquisition and announced go-forward leadership team Delivered Double-Digit Sales, Order and Adjusted EPS Growth; Strong Cash Flow Provided by Operations YTD


 
Orders and Backlog 4 $166.1 $209.8 $130.4 $131.8 $296.5 $341.6 Q3 FY25 Q3 FY26 Book:Bill $222.9 $247.4 1.0x 1.0x 0.0x 0.2x 0.4x 0.6x 0.8x 1.0x 1.2x 1.4x 1.6x 1.8x 2.0x $- $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 Q3 FY25 Q3 FY26 Current Quarter Backlog1 Long-Term Backlog2 1 Expected to ship in Q4 FY26 2 Long term backlog is expected to ship beyond three months Orders Grew 11% Y/Y with Increases Across All Geographies; Backlog Remains Strong, Up 15% Y/Y Double-digit Q3 FY26 order growth Y/Y  Q3 FY26 orders increased 11% Y/Y to $247M  Growth across all regions  U.S. increased 15% and EMEA up 3%  Strength in U.S. precision conveyance, lifting and automation  Balanced growth in short-cycle and project-related orders  Global sales funnel remains robust with strong quotation activity  Macroeconomic softness in EMEA continues to drive slower order conversion Backlog remains strong at $342M, up 15% Y/Y  Backlog increased across all platforms Y/Y  Sequentially, backlog normalized modestly off elevated levels with growth in U.S. precision conveyance ($ in millions, $M) BacklogQuarterly Orders


 
$234.1 $6.1 $11.7 $6.7 $258.7 Q3 FY25 Pricing Volume FX Q3 FY26 Q3 FY26 Net Sales Bridge1 Net Sales 5 Q3 FY26 net sales of $259M increased 10% Y/Y:  Double-digit revenue growth driven by volume, price and favorable currency translation  Strength in lifting, linear motion and automation globally  Geographic strength in North America with modest organic growth in EMEA  Growth across both short-cycle and project-related business with outperformance in short-cycle Sales Growth Driven by Volume, Price and Favorable Currency Translation; Growth Across Short-Cycle and Project-Related Business ($ in millions, $M) 1 Components may not sum due to rounding


 
Operating Income and EPS ($ in millions, $M) Quarterly Diluted EPSOperating Income Net income $4.0M $6.0M Adjusted Net Income1 $16.3M $17.8M $0.14 $0.21 $0.56 $0.62 Adjusted1 GAAP $17.7 $16.2 $25.6 $24.5 Adjusted1 GAAP Operating margin 7.6% 6.3% Adj. Operating Margin1 10.9% 9.5% Q3 FY25 Q3 FY26 Q3 FY26 Financial Highlights:  Gross profit of $89M increased $7M or 9% due to:  Higher sales volume, price increases and favorable foreign exchange rates  Lower factory consolidation and start-up costs  Partially offset by negative tariff-related impacts  RSG&A of $65M included $6M of transaction-related costs  Adjusted RSG&A1 as a percent of sales of 22.7%, flat Y/Y, despite incentive compensation accrual release in prior year  Operating income of $16M and operating margin of 6.3%  Adjusted Operating Income1 of $25M with Adjusted Operating Margin1 of 9.5%  GAAP EPS of $0.21 includes $0.172 of acquisition-related expenses  Adjusted EPS1 of $0.62 increased 11% Y/Y due to:  Higher sales volume and price increases  Unfavorable “below the line” items in the prior year  Partially offset by incentive compensation accrual release in prior year Q3 FY25 Q3 FY26 6 1 Non-GAAP financial measure; see definition and reconciliation at the end of this Presentation 2 $6.3M of pre-tax expenses taxed at a 22.9% rate


 
Cash Flow 7 Net cash provided by operating activities $ 11.4 $ 20.3 Capital Expenditures (5.2) (3.8) Free Cash Flow1 $ 6.2 $ 16.5 Note: Components may not sum due to rounding Q3 FY26 net cash provided by operating activities of $20.3M and Free Cash Flow1 of $16.5M reflect:  Higher earnings  Favorable net working capital  Increases in cash received from customer deposits  Lower cash taxes  Partially offset by $6.7M of transaction-related cash payments Primary focus on debt repayment History of de-levering following acquisitions  Flexible debt structure facilitates debt paydown CAPITAL ALLOCATION PRIORITIES Debt Reduction  Invest to improve customer experience and operational performance Growth Maintain current dividend  Future M&A to support intelligent motion strategy over the long-term after de-levering Dividend M&A 1 2 3 4 Q3 FY26 Free Cash Flow1 of $16.5M Reflects Strong Cash Generation Despite $6.7M of Transaction-Related Cash Payments 1 Non-GAAP financial measure; see definition and reconciliation at the end of this Presentation ($ in millions, $M) Quarterly Free Cash Flow1 $6.2 $16.5 Q3 FY25 Q3 FY26


 
FY2026 Guidance 8  Given the recently completed Kito Crosby acquisition and the pending divestiture of our U.S. power chain hoist and chain operations, the Company is withdrawing FY26 guidance due to:  Uncertainty around the timing of the divestiture  Regulatory limitations on information sharing with or from Kito Crosby prior to closing  The integration of our financial processes within Kito Crosby  Consistent with prior years' convention, we will provide an updated financial outlook and issue financial guidance for fiscal 2027 in conjunction with our fourth quarter fiscal 2026 earnings release in late May of 2026.  Certain transaction-related expenses, purchase accounting adjustments and early integration costs will be incurred in Q4 FY26. The impact of these costs as well as higher interest expense is expected to be dilutive to GAAP earnings per share in Q4 FY26.


 
Supplement


 
Non-GAAP Measures 10 The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this presentation to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The Company has provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this presentation that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this presentation. The non-GAAP financial measures in this presentation may differ from similarly titled measures used by other companies.  Adjusted Gross Profit and Adjusted Gross Margin  Adjusted RSG&A and Adjusted RSG&A as a Percentage of Sales  Adjusted Operating Income and Adjusted Operating Margin  Adjusted Net Income and Adjusted EPS  Adjusted EBITDA and Adjusted EBITDA Margin  Free Cash Flow


 
Non-GAAP Measures: Adjusted Gross Profit and Adjusted Gross Margin 11 Adjusted Gross Profit is defined as gross profit as reported, adjusted for certain items. Adjusted Gross Margin is defined as Adjusted Gross Profit divided by net sales. Adjusted Gross Profit and Adjusted Gross Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Gross Profit and Adjusted Gross Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Gross Profit and Adjusted Gross Margin, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s gross profit and gross profit margin to the historical periods' gross profit and gross margin, as well as facilitates a more meaningful comparison of the Company’s gross profit and gross profit margin to that of other companies. ($ in thousands) Quarter Q3 FY25 Q3 FY26 Gross profit $ 82,097 $ 89,157 Add back (deduct): Business realignment costs 526 66 Factory and warehouse consolidation costs 556 147 Monterrey, MX new factory start-up costs 3,038 1,483 Adjusted Gross Profit $ 86,217 $ 90,853 Net sales $ 234,138 $ 258,655 Gross margin 35.1% 34.5% Adjusted Gross Margin 36.8% 35.1%


 
Non-GAAP Measures: Adjusted RSG&A and Adjusted RSG&A as a Percent of Sales 12 ($ in thousands) Quarter Q3 FY25 Q3 FY26 RSG&A $ 56,906 $ 65,367 Add back (deduct): Acquisition deal and integration costs — (6,342) Business realignment costs (461) (175) Headquarter relocation costs (175) (145) Factory and warehouse consolidation (97) — Mexico customs duty assessment (1,500) — Customer bad debt1 (1,299) — Monterrey, MX new factory start-up costs (232) — Adjusted RSG&A $ 53,143 $ 58,705 Net sales $ 234,138 $ 258,655 RSG&A as a percent of sales 24.3% 25.3% Adjusted RSG&A as a Percent of Sales 22.7% 22.7% Adjusted RSG&A is defined as selling, general and administrative, and research and development (RSG&A) expenses as reported, adjusted for certain items. Adjusted RSG&A as a Percent of Sales is defined as Adjusted RSG&A divided by net sales. Adjusted RSG&A and Adjusted RSG&A as a Percent of Sales are not measures determined in accordance with GAAP and may not be comparable with Adjusted RSG&A and Adjusted RSG&A as a Percent of Sales as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted RSG&A and Adjusted RSG&A as a Percent of Sales, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter and year’s RSG&A and RSG&A as a Percent of Sales to the historical periods' RSG&A and RSG&A as a Percent of Sales, as well as facilitates a more meaningful comparison of the Company’s RSG&A and RSG&A as a Percent of Sales to that of other companies. 1 Customer bad debt represents a reserve of $1,299,000 against an accounts receivable balance for a customer who declared bankruptcy in January 2025.


 
Non-GAAP Measures: Adjusted Operating Income and Adjusted Operating Margin 13 ($ in thousands) Quarter Q3 FY25 Q3 FY26 Income from operations $ 17,690 $ 16,168 Add back (deduct): Acquisition deal and integration costs — 6,342 Business realignment costs 987 241 Headquarter relocation costs 175 145 Factory and warehouse consolidation 653 147 Monterrey, MX new factory start-up costs 3,270 1,483 Customer bad debt1 1,299 — Mexico customs duty assessment 1,500 — Adjusted Operating Income $ 25,574 $ 24,526 Net sales $ 234,138 $ 258,655 Operating margin 7.6% 6.3% Adjusted Operating Margin 10.9% 9.5% Adjusted Operating Income is defined as income from operations as reported, adjusted for certain items. Adjusted Operating Margin is defined as Adjusted Operating Income divided by net sales. Adjusted Operating Income and Adjusted Operating Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Operating Income and Adjusted Operating Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Operating Income and Adjusted Operating Margin, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter and year’s income from operations and operating margin to the historical periods' income from operations and operating margin, as well as facilitates a more meaningful comparison of the Company’s income from operations and operating margin to that of other companies. 1 Customer bad debt represents a reserve of $1,299,000 against an accounts receivable balance for a customer who declared bankruptcy in January 2025.


 
Adjusted Net Income is defined as net income (loss) as reported, adjusted for certain items, including amortization of intangibles, and also adjusted for a normalized tax rate. Adjusted Diluted Shares Outstanding is defined as average diluted shares outstanding adjusted for the effect of dilutive share-based awards. Adjusted EPS is defined as Adjusted Net Income per Adjusted Diluted Shares Outstanding. Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS are not measures determined in accordance with GAAP and may not be comparable with the measures used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS, are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of current periods' net income (loss), average diluted shares outstanding and GAAP EPS to the historical periods' net income (loss), average diluted shares outstanding and GAAP EPS, as well as facilitates a more meaningful comparison of the Company’s net income (loss) and GAAP EPS to that of other companies. The Company believes that presenting Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS provides a better understanding of its earnings power inclusive of adjusting for the non-cash amortization of intangible assets, reflecting the Company’s strategy to grow through acquisitions as well as organically. Non-GAAP Measures: Adjusted Net Income and Adjusted EPS ($ in thousands, except per share data) Quarter Q3 FY25 Q3 FY26 Net income $ 3,960 $ 5,998 Add back (deduct): Amortization of intangibles 7,501 7,622 Acquisition deal and integration costs — 6,342 Business realignment costs 987 241 Headquarter relocation costs 175 145 Factory and warehouse consolidation 653 147 Monterrey, MX new factory start-up costs 3,270 1,483 Mexico customs duty assessment 1,500 — Customer bad debt1 1,299 — Non-cash pension settlement 433 — Normalize tax rate to 25%2 (3,498) (4,159) Adjusted Net Income $ 16,280 $ 17,819 GAAP average shares outstanding 28,888 28,941 Add back: Effect of diluted share-based awards — — Adjusted Diluted Shares Outstanding 28,888 28,941 GAAP EPS $ 0.14 $ 0.21 Adjusted EPS $ 0.56 $ 0.62 14 1 Customer bad debt represents a reserve of $1,299,000 against an accounts receivable balance for a customer who declared bankruptcy in January 2025. 2 Applies a normalized tax rate of 25% to GAAP pre-tax income and non-GAAP adjustments above, which are each pre-tax.


 
Non-GAAP Measures: Adjusted EBITDA1 and Adjusted EBITDA Margin1 15 Adjusted EBITDA is defined as net income (loss) before interest expense, income taxes, depreciation, amortization, and other adjustments. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by net sales. Adjusted EBITDA and Adjusted EBITDA Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted EBITDA and Adjusted EBITDA Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA Margin, are important for investors and other readers of the Company’s financial statements. ($ in thousands) Quarter Q3 FY25 Q3 FY26 Net income $ 3,960 $ 5,998 Add back (deduct): Income tax expense (benefit) 1,929 1,781 Interest and debt expense 7,698 8,312 Investment (income) loss (54) (395) Foreign currency exchange (gain) loss 3,128 492 Other (income) expense, net 1,029 (20) Stock-based compensation1 2,502 3,153 Depreciation and amortization expense 12,202 12,135 Acquisition deal and integration costs — 6,342 Business realignment costs 987 241 Factory and warehouse consolidation 653 147 Headquarter relocation costs 175 145 Mexico customs duty assessment 1,500 — Customer bad debt2 1,299 — Monterrey, MX new factory start-up costs 3,270 1,483 Adjusted EBITDA1 $ 40,278 $ 39,814 Net sales $ 234,138 $ 258,655 Net income margin 1.7 % 2.3% Adjusted EBITDA Margin1 17.2% 15.4% 1 In connection with the preparation of this presentation, the Company has used its updated definition of Adjusted EBITDA, which includes an addback of Company's stock-based compensation expense. This revised definition of Adjusted EBITDA was used to calculate Adjusted EBITDA set forth above, both for current periods and recast historical periods, and will be used by the Company on a go-forward basis for purposes of all future Adjusted EBITDA disclosures. This definitional change was driven by the Company's belief that adding back the expense associated with stock-based compensation for purposes of the computation of Adjusted EBITDA will provide the Company's investors with a better understanding of our underlying performance from period to period and enable them to better compare our performance against that of our peer companies, many of which also include an addback of stock-based compensation expense in computing Adjusted EBITDA. 2 Customer bad debt represents a reserve of $1,299,000 against an accounts receivable balance for a customer who declared bankruptcy in January 2025.


 
Non-GAAP Measures: Free Cash Flow (FCF) and Free Cash Flow Conversion 16 Free Cash Flow is defined as GAAP net cash provided by (used for) operating activities less capital expenditures included in the investing activities section of the consolidated statement of cash flows. Free Cash Flow Conversion is defined as Free Cash Flow divided by net income. Free Cash Flow and Free Cash Flow Conversion are not measures determined in accordance with GAAP and may not be comparable with the measures as defined or used by other companies. Nevertheless, the Company believes that providing non-GAAP financial measures, such as Free Cash Flow and Free Cash Flow Conversion, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current periods’ Free Cash Flow and Free Cash Flow Conversion to Free Cash Flow and Free Cash Flow Conversion for historical periods. ($ in thousands) Quarter Year-to-Dave Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Net cash provided by (used for) operating activities $ 11,370 $ 20,347 $ 10,000 $ 20,595 Capital expenditures (5,198) (3,824) (15,266) (10,347) Free Cash Flow (FCF) $ 6,172 $ 16,523 (5,266) 10,248 Net income $ 3,960 $ 5,998 $ (2,454) $ 8,695 Free Cash Flow Conversion 156% 275% NM 118%


 

FAQ

How did Columbus McKinnon (CMCO) perform in Q3 FY26?

Columbus McKinnon delivered solid Q3 FY26 growth, with net sales of $258.7 million, up 10.5% year over year. Net income rose to $6.0 million and GAAP EPS reached $0.21, while Adjusted EPS improved to $0.62 on stronger volume and pricing.

What were the key profitability metrics for CMCO in Q3 FY26?

Profitability improved in absolute dollars but margins compressed. Gross profit was $89.2 million with a 34.5% gross margin, and Adjusted EBITDA was $39.8 million with a 15.4% margin. Net income increased to $6.0 million and Adjusted Net Income reached $17.8 million.

How strong were orders and backlog for Columbus McKinnon in Q3 FY26?

Demand indicators were robust. Q3 FY26 orders reached $247.4 million, an 11% increase versus the prior year, and backlog climbed 15% to $341.6 million. Growth came from both short-cycle and project-related orders across regions and product platforms.

What strategic transactions affected CMCO’s outlook in fiscal 2026?

The company completed the Kito Crosby acquisition and is pursuing a divestiture of its U.S. power chain hoist and chain operations. These portfolio changes led management to withdraw standalone FY26 guidance due to timing uncertainty, regulatory information limits and integration of financial processes.

Why did Columbus McKinnon withdraw its fiscal 2026 guidance?

Guidance was withdrawn because the recently closed Kito Crosby acquisition and a pending U.S. power chain hoist and chain divestiture introduced uncertainty. Timing of the divestiture, regulatory limits on information sharing and integration of financial processes make near-term forecasts less reliable.

How is CMCO approaching leverage and capital allocation after Kito Crosby?

Management plans to prioritize debt reduction, using strong expected free cash flow from the combined business. They target a Net Leverage Ratio below 4.0x by the end of fiscal 2028, while maintaining a consistent dividend and supporting the Intelligent Motion strategy over time.

What is Columbus McKinnon’s cash flow and free cash flow performance year to date?

Year-to-date through Q3 FY26, net cash provided by operating activities was $20.6 million, up 106% from the prior year. After capital expenditures, Free Cash Flow turned positive, reflecting stronger earnings, better working capital and despite acquisitions-related cash outflows of about $13.3 million.

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653.86M
27.89M
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96.21%
2.19%
Farm & Heavy Construction Machinery
Construction Machinery & Equip
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United States
CHARLOTTE