Columbus McKinnon Corporation reported preliminary unaudited results for the third quarter of fiscal 2026, with net sales of $250 million to $260 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $38 million to $40 million. Adjusted earnings per share (EPS) fell between $0.58 and $0.63. Orders received during the quarter totaled $245 million to $250 million, while the backlog stood at $335 million to $345 million as of December 31, 2025, a modest decline from the $351.6 million reported in the second quarter.
The preliminary figures represent a modest year‑over‑year gain in revenue and earnings. Q3 FY25 net sales were $234.1 million and adjusted EPS was $0.56, while Q2 FY26 net sales rose to $261 million and adjusted EPS to $0.62. The Q3 results therefore show a 6‑10% YoY increase in sales and a 3‑7% rise in adjusted EPS, but a slight sequential drop in backlog that signals a tightening of the order pipeline relative to the prior quarter.
The growth in sales and earnings is largely attributable to sustained demand in the company’s core segments and disciplined cost management. The company’s adjusted EBITDA margin in Q2 FY26 was 14.3%, up 130 basis points sequentially, reflecting pricing power and operational leverage. Headwinds such as U.S. policy uncertainty, European economic weakness, a stronger U.S. dollar, and tariff pressures have tempered growth, but the company’s focus on tariff cost neutrality and the recovery of the U.S. short‑cycle market have helped offset these challenges.
Management highlighted the positive momentum in the quarter. CEO David J. Wilson noted that the U.S. short‑cycle market had recovered and that the company had executed on its record backlog. CFO Greg Rustowicz emphasized enthusiasm for the pending acquisition of Kito Crosby and the company’s ability to achieve long‑term objectives. The company reaffirmed its guidance for low‑to‑mid‑single‑digit growth in net sales for the full fiscal year.
Additional context includes the pending acquisition of Kito Crosby, the divestiture of the U.S. power chain hoist and chain manufacturing operations for $210 million, and a change to the adjusted EBITDA definition to include a stock‑based compensation add‑back. Final Q3 FY26 results and GAAP reconciliations are expected in early February 2026.
The preliminary results suggest steady performance amid a challenging macro environment, with strong order flow but a slightly reduced backlog. Investors will look to the final earnings release for a clearer view of margin dynamics and the impact of the pending acquisition.
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