Columbus McKinnon Corporation announced strong financial results for the third quarter of fiscal year 2026, with net sales increasing by 10.5% to $258.7 million and net income rising by 51.5% to $6.0 million. The growth was primarily fueled by higher volume, price improvement, and favorable currency translation, particularly in the U.S. market. The company also reported a significant increase in backlog and cash flow from operations.
Net sales increased 10.5% to $258.7 million, driven by higher volume, price improvement, and favorable currency translation.
Net income rose 51.5% to $6.0 million, with diluted EPS up 50.0% to $0.21.
Orders increased 11% to $247.4 million, with strong growth in U.S. precision conveyance, lifting, and automation.
Backlog grew 15% to $341.6 million, indicating a healthy opportunity funnel.
Columbus McKinnon has withdrawn its fiscal year 2026 guidance due to uncertainties surrounding the Kito Crosby acquisition and the pending divestiture of U.S. power chain hoist and chain operations. Updated financial outlook and guidance for fiscal 2027 will be provided in late May 2026.
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