Columbus McKinnon (CMCO) Reports Q2: Everything You Need To Know Ahead Of Earnings

Material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) will be reporting results this Thursday before market open. Here’s what investors should know.

Columbus McKinnon beat analysts’ revenue expectations last quarter, reporting revenues of $437.8 million, up 77.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.

Is Columbus McKinnon a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Columbus McKinnon’s revenue to grow 113% year on year, a reversal from the 1.6% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Columbus McKinnon has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Columbus McKinnon’s peers in the general industrial machinery segment, some have already reported their Q2 results, giving us a hint as to what we can expect. GE Aerospace delivered year-on-year revenue growth of 24.5%, beating analysts’ expectations by 6%, and Illinois Tool Works reported revenues up 6.1%, topping estimates by 2.7%. GE Aerospace traded down 3.2% following the results.

Read our full analysis of GE Aerospace’s results here and Illinois Tool Works’s results here.

In the last year or so, investors have shifted their focus from one macro dynamic to the next (AI disintermediation and AI investment to geopolitical conflict, interest rates, and the health of the wider economy). While some of the general industrial machinery stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Columbus McKinnon is up 12.5% during the same time and is heading into earnings with an average analyst price target of $24.75 (compared to the current share price of $16.22).

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