Columbus McKinnon sees Q3 revenue $245M-$255M, consensus $248.98M

Q3 revenue view represents a 9% growth year-over-year at the midpoint of the range. David Wilson, CEO, concluded, “This quarter’s record financial performance provides additional proof points that demonstrate progress toward our fiscal 2027 targets. Given these results, we are accelerating debt repayment even as we invest in improving productivity and simplifying our footprint. We now expect our net leverage ratio to be approximately 2.3×1 by the end of fiscal 2024. As we execute our strategy, we are building an enterprise that can deliver stronger growth and increased profitability as we advance the transformation of Columbus McKinnon.”