8-K

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): July 30, 2019

COLUMBUS MCKINNON CORPORATION

(Exact name of registrant as specified in its charter)

NEW YORK

(State or other jurisdiction of incorporation)

0-27618	16-0547600
(Commission File Number)	(IRS Employer Identification No.)

205 CROSSPOINT PARKWAY, GETZVILLE, NEW YORK	14068
(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)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

o Emerging Growth Company

o 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 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 30, 2019, the registrant issued a press release announcing its financial results for the first quarter, which ended June 30, 2019. The press release is annexed as Exhibit 99.1 to this Current Report on Form 8-K. 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 Exhibit 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 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d)Exhibits.

EXHIBIT NUMBER	DESCRIPTION
99.1	Press Release dated July 30, 2019
99.2	Earnings call slides dated July 30, 2019

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:	Vice President and Chief
	Financial Officer (Principal Financial Officer)

Dated:  July 30, 2019

EXHIBIT INDEX

EXHIBIT NUMBER	DESCRIPTION
99.1	Press Release dated July 30, 2019
99.2	Earnings call slides dated July 30, 2019

EX-99.1

EXHIBIT 99.1

News Release

205 Crosspoint Parkway

Buffalo, NY 14068

Immediate Release

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

BUFFALO, NY, July 30, 2019 - Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of motion control products, technologies and services for material handling, today announced financial results for its fiscal year 2020 first quarter, which ended June 30, 2019.

First Quarter Highlights (compared with prior-year period)

• Blueprint for Growth strategy delivering margin expansion and stronger earnings power

• Gross margin reached record 35.5%, while strong operating leverage drove operating margin to 12.7%

• Net income for the quarter increased 141% to $18.6 million; adjusted earnings per diluted share of $0.81 increased nearly 10%

• Achieved record adjusted EBITDA margin of 16.7%, up 100 basis points from previous record set in fiscal 2019 first quarter

• Return on invested capital (ROIC) expanded to 11.5%

Mark Morelli, President and CEO of Columbus McKinnon, commented, “Our Blueprint for Growth strategy continues to demonstrate value as we delivered stronger margins and growth in earnings on modest organic revenue growth of 2%. We had record gross margin of 35.5% and operating margin of 12.7%. In fact, our results are readily identifiable, as follows:

• Our 80/20 Process of simplification provided approximately $3.4 million in operating profit and remains on track to deliver $10 million for fiscal 2020.

• Also, the quarter benefited from our actions to simplify the business by divesting non-core businesses that diluted earnings. Operating income improved 30 basis points by divesting $11.1 million in low margin, non-core revenue.

• Operational Excellence provided $0.5 million in savings from the consolidation of our Ohio facilities, as well.

These initiatives led to record adjusted EBITDA margin and improved ROIC. We believe this further validates that our strategy is the right one to create a better business model with improved earnings power and positions us for growth.”

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

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July 30, 2019

He concluded, “We are doubling down on Phase II of our strategy at Columbus McKinnon by advancing our 80/20 Process throughout the organization. This is the centerpiece of our operating system that eliminates “bleeders” and sharpens our focus on growth. We remain excited about our ability to continue to strengthen our financial performance as we further transform into an industrial technology company.”

First Quarter Fiscal 2020 Sales

($ in millions)	Q1 FY 20			Q1 FY 19			Change			% Change
Net sales	$	212.7		$	225.0		$	(12.3	)	(5.5	)%
U.S. sales	$	116.7		$	119.8		$	(3.1	)	(2.6	)%
% of total	55		%	53		%
Non-U.S. sales	$	96.0		$	105.2		$	(9.2	)	(8.7	)%
% of total	45		%	47		%

Adjusting for $11.1 million of sales from divestitures from the prior-year period and the $5.1 million negative impact of foreign currency translation, price improvement and volume increases resulted in 1.8% growth in sales. U.S. sales, adjusted for divestitures, were up $2.8 million, or 2.5%, primarily from price improvement, while sales outside the U.S. also adjusted for foreign currency translation were up 1.1%.

First Quarter Fiscal 2020 Operating Results

($ in millions)	Q1 FY 20			Q1 FY 19			Change			% Change
Gross profit	$	75.6		$	79.6		$	(4.0	)	(5.1	)%
Gross margin	35.5		%	35.4		%	10 bps
Income from operations	$	27.0		$	13.5		$	13.5		100.3	%
Operating margin	12.7		%	6.0		%	670 bps
Net income	$	18.6		$	7.7		$	10.9		141.1	%
Diluted EPS	$	0.78		$	0.33		$	0.45		136.4	%
Adjusted EBITDA *	$	35.5		$	35.3		$	0.2		0.4	%
Adjusted EBITDA margin	16.7		%	15.7		%	100 bps

*A non-GAAP measure, Adjusted EBITDA is defined as adjusted operating income plus depreciation and amortization. Please see the attached tables for a reconciliation of adjusted EBITDA to GAAP net income (loss).

Gross profit and gross margin reflect a shift in mix during the quarter, while pricing more than offset material cost inflation and tariffs. For more information on changes in gross profit, please see the table on page 7 of this release. Adjusted income from operations was $28.1 million, up $1.6 million, or 6.0%, over the first quarter of fiscal 2019. Adjusted operating margin expanded 140 basis points from the impact of the 80/20 Process and lower selling expenses. Please see the reconciliation of GAAP income from operations to adjusted income from operations on page 10 of this release.

Adjusted net income for the quarter was $19.3 million, or $0.81 per diluted share, compared with $17.5 million, or $0.74 per diluted share, in the prior-year period. Adjusted EBITDA margin was 16.7%. Please see the reconciliation of GAAP net income and earnings per share to adjusted net income and earnings per share on page 11 of this release.

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

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July 30, 2019

Second Quarter Fiscal 2020 Outlook

While recent industrial market weakness is well reported, the Company believes that its Blueprint for Growth strategy is offsetting these headwinds. In addition, simplification and operational excellence are expected to drive margin expansion and operating leverage. The Company expects revenue in the second quarter of fiscal year 2020 to be unchanged to slightly improved over the prior-year period. Second quarter fiscal year 2019 revenue adjusted for divestitures and foreign currency translation at current rates was $206 million.

Teleconference/webcast

Columbus McKinnon will host a conference call and live webcast Tuesday, July 30 at 10:00 AM Eastern Time, at which management will review the Company’s financial results and strategy. The review will be accompanied by a slide presentation, which will be available on Columbus McKinnon’s website at www.cmworks.com/investors. A question and answer session will follow the formal discussion.

The conference call can be accessed by dialing 201-493-6780. The listen-only audio webcast can be monitored at www.cmworks.com/investors. To listen to the archived call, dial 412-317-6671 and enter the passcode 13692055. The telephonic replay will be available from 1:00 PM Eastern Time on the day of the call through Tuesday, August 6, 2019. Alternatively, an archived webcast of the call can be found on the Company’s website. In addition, a transcript of the call will be posted to the website once available.

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of motion control products, technologies, systems and services that efficiently and ergonomically move, lift, position and secure materials. Key products include hoists, actuators, rigging tools, light rail work stations 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 http://www.cmworks.com.

Safe Harbor Statement

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future sales and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including the effectiveness of the Company’s 80/20 Process to simplify operations, the ability of the Company’s Operational Excellence initiatives to drive profitability, the success of the Company’s efforts to Ramp the Growth Engine, global economic and business conditions, conditions affecting the industries served by the Company and its subsidiaries, conditions affecting the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the ability to expand into new markets and geographic regions, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release.

Contacts:

Gregory P. Rustowicz	Investor Relations:
Vice President - Finance and Chief Financial Officer	Deborah K. Pawlowski
Columbus McKinnon Corporation	Kei Advisors LLC
716-689-5442	716-843-3908
greg.rustowicz@cmworks.com	dpawlowski@keiadvisors.com

Financial tables follow.

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

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July 30, 2019

COLUMBUS McKINNON CORPORATION

Condensed Consolidated Income Statements - UNAUDITED

(In thousands, except per share and percentage data)

	Three Months Ended
	June 30, 2019			June 30, 2018			Change
Net sales	$	212,712		$	224,992		(5.5	)%
Cost of products sold	137,100			145,345			(5.7	)%
Gross profit	75,612			79,647			(5.1	)%
Gross profit margin	35.5		%	35.4		%
Selling expenses	22,755			25,567			(11.0	)%
% of net sales	10.7		%	11.4		%
General and administrative expenses	19,600			21,826			(10.2	)%
% of net sales	9.2		%	9.7		%
Research and development expenses	2,792			3,748			(25.5	)%
% of net sales	1.3		%	1.7		%
Net loss on sales of businesses, including impairment	169			11,100			(98.5	)%
Amortization of intangibles	3,253			3,903			(16.7	)%
Income from operations	27,043			13,503			100.3	%
Operating margin	12.7		%	6.0		%
Interest and debt expense	3,852			4,607			(16.4	)%
Investment (income) loss, net	(302		)	(268		)	12.7	%
Foreign currency exchange (gain) loss	(410		)	(276		)	48.6	%
Other (income) expense, net	162			(40		)	NM
Income before income tax expense	23,741			9,480			150.4	%
Income tax expense	5,162			1,774			191.0	%
Net income	$	18,579		$	7,706		141.1	%
Average basic shares outstanding	23,431			23,115			1.4	%
Basic income per share	$	0.79		$	0.33		139.4	%
Average diluted shares outstanding	23,777			23,610			0.7	%
Diluted income per share	$	0.78		$	0.33		136.4	%

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

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July 30, 2019

COLUMBUS McKINNON CORPORATION

Condensed Consolidated Balance Sheets

(In thousands)

	June 30, 2019			March 31, 2019
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	55,716		$	71,093
Trade accounts receivable	135,488			129,157
Inventories	150,968			146,263
Prepaid expenses and other	15,885			16,075
Total current assets	358,057			362,588
Property, plant, and equipment, net	85,085			87,303
Goodwill	325,301			322,816
Other intangibles, net	231,510			232,940
Marketable securities	7,575			7,028
Deferred taxes on income	27,248			27,707
Other assets	55,696			21,189
Total assets	$	1,090,472		$	1,061,571
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable	$	40,235		$	46,974
Accrued liabilities	99,752			99,304
Current portion of long-term debt	65,000			65,000
Total current liabilities	204,987			211,278
Term loan and revolving credit facility	225,844			235,320
Other non-current liabilities	207,348			183,814
Total liabilities	638,179			630,412
Shareholders’ equity:
Common stock	235			234
Additional paid-in capital	279,534			277,518
Retained earnings	255,038			236,459
Accumulated other comprehensive loss	(82,514		)	(83,052		)
Total shareholders’ equity	452,293			431,159
Total liabilities and shareholders’ equity	$	1,090,472		$	1,061,571

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

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July 30, 2019

COLUMBUS McKINNON CORPORATION

Condensed Consolidated Statements of Cash Flows - UNAUDITED

(In thousands)

	Three Months Ended
	June 30, 2019			June 30, 2018
Operating activities:
Net income	$	18,579		$	7,706
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	7,403			8,832
Deferred income taxes and related valuation allowance	415			(2,084		)
Net loss (gain) on sale of real estate, investments, and other	(268		)	(16		)
Stock based compensation	1,556			1,335
Amortization of deferred financing costs and discount on debt	665			665
Net loss on sales of businesses, including impairment	169			11,100
Non-cash lease expense	1,952			—
Changes in operating assets and liabilities, net of effects of business acquisitions and divestitures:
Trade accounts receivable	(5,827		)	(5,553		)
Inventories	(3,879		)	(8,088		)
Prepaid expenses and other	(1,755		)	(296		)
Other assets	107			374
Trade accounts payable	(6,800		)	(2,488		)
Accrued liabilities	(6,322		)	(2,684		)
Non-current liabilities	(8,155		)	(685		)
Net cash provided by (used for) operating activities	(2,160		)	8,118
Investing activities:
Proceeds from sales of marketable securities	636			260
Purchases of marketable securities	(1,039		)	(150		)
Capital expenditures	(1,854		)	(2,338		)
Proceeds from sale of equipment and real estate	51			176
Net payment related to the sales of businesses	(214		)	—
Net cash provided by (used for) investing activities	(2,420		)	(2,052		)
Financing activities:
Proceeds from the issuance of common stock	980			3,641
Repayment of debt	(10,000		)	(10,000		)
Payment of dividends	(1,404		)	(1,153		)
Other	(518		)	(550		)
Net cash provided by (used for) financing activities	(10,942		)	(8,062		)
Effect of exchange rate changes on cash	145			(3,894		)
Net change in cash and cash equivalents	(15,377		)	(5,890		)
Cash, cash equivalents, and restricted cash at beginning of year	71,343			63,565
Cash, cash equivalents, and restricted cash at end of period	$	55,966		$	57,675

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

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July 30, 2019

COLUMBUS McKINNON CORPORATION

Q1 FY 2020 Sales Bridge

	Quarter
($ in millions)	$ Change			% Change
Fiscal 2019 Sales	$	225.0
Divestitures	(11.1		)
Fiscal 2019 Sales adjusted for divestitures	$	213.9
Volume	0.1			0.1	%
Pricing	3.8			1.8	%
Foreign currency translation	(5.1		)	(2.4	)%
Total change adjusted for divestitures	$	(1.2	)	(0.5	)%
Fiscal 2020 Sales	$	212.7

COLUMBUS McKINNON CORPORATION

Q1 FY 2020 Gross Profit Bridge

($ in millions)	Quarter
Fiscal 2019 Gross Profit	$	79.6
Pricing, net of material cost inflation	2.5
Insurance settlement	0.3
Prior year STAHL integration costs	0.3
Productivity, net of other cost changes	0.2
Ohio plant closure	(0.5		)
Tariffs	(0.6		)
Foreign currency translation	(1.6		)
Divestitures	(1.8		)
Sales volume and mix	(2.8		)
Total change	$	(4.0	)
Fiscal 2020 Gross Profit	$	75.6

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

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July 30, 2019

COLUMBUS McKINNON CORPORATION

Additional Data - UNAUDITED

	June 30, 2019			March 31, 2019			June 30, 2018
($ in millions)
Backlog	$	148.2		$	161.5		$	163.9
Backlog excluding divestitures	$	148.2		$	161.5		$	156.3
Long-term backlog (expected to ship beyond 3 months)	$	53.9		$	61.7		$	54.2
Long-term backlog as % of total backlog	36.4		%	38.2		%	33.1		%
Trade accounts receivable
Days sales outstanding (1)	58.0		days	55.5		days	52.5		days
Inventory turns per year (1)
(based on cost of products sold)	3.6		turns	3.7		turns	3.7		turns
Days' inventory (1)	100.6		days	97.6		days	98.6		days
Trade accounts payable
Days payables outstanding (1)	26.7		days	31.3		days	27.2		days
Working capital as a % of sales (1), (2)	19.3		%	17.2		%	19.4		%
Debt to total capitalization percentage	39.1		%	41.1		%	46.3		%
Debt, net of cash, to net total capitalization	34.2		%	34.7		%	42.0		%

(1) March 31, 2019 figures exclude the Tire Shredder business, which was divested on December 28, 2018, and Crane Equipment & Service, Inc. and Stahlhammer Bommern GmbH, each of which were divested on February 28, 2019.

(2) June 30, 2019 and March 31, 2019 figures exclude the Tire Shredder business, which was divested on December 28, 2018, and Crane Equipment & Service, Inc. and Stahlhammer Bommern GmbH, each of which were divested on February 28, 2019.

U.S. Shipping Days by Quarter
	Q1	Q2	Q3	Q4	Total
FY 20	63	63	61	64	251
FY 19	64	63	60	63	250

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

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July 30, 2019

COLUMBUS McKINNON CORPORATION

Reconciliation of GAAP Gross Profit to

Non-GAAP Adjusted Gross Profit and Adjusted Gross Margin

($ in thousands, except per share data)

	Three Months Ended June 30,
	2019			2018
Gross profit	$	75,612		$	79,647
Add back (deduct):
Ohio plant closure	506			—
China plant closure	—			—
STAHL integration costs	—			286
Insurance settlement	(290		)	—
Non-GAAP adjusted gross profit	$	75,828		$	79,933
Sales	$	212,712		$	224,992
Adjusted gross margin	35.6		%	35.5		%

Adjusted gross profit is defined as gross profit as reported, adjusted for certain items. Adjusted gross profit is not a measure determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP, and may not be comparable with the measures as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP information, such as adjusted gross profit, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's gross profit to the historical periods' gross profit, as well as facilitates a more meaningful comparison of the Company’s gross profit to that of other companies.

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

Page 10 of 12

July 30, 2019

COLUMBUS McKINNON CORPORATION

Reconciliation of GAAP Income from Operations to

Non-GAAP Adjusted Income from Operations and Adjusted Operating Margin

($ in thousands, except per share data)

	Three Months Ended June 30,
	2019			2018
Income from operations	$	27,043		$	13,503
Add back (deduct):
China plant closure	521			—
Ohio plant closure	506			—
Net loss on sales of businesses, including impairment	169			11,100
Insurance recovery legal costs	139			—
Insurance settlement	(290		)	—
STAHL integration costs	—			1,906
Non-GAAP adjusted income from operations	$	28,088		$	26,509
Sales	$	212,712		$	224,992
Adjusted operating margin	13.2		%	11.8		%

Adjusted income from operations is defined as income from operations as reported, adjusted for certain items. Adjusted income from operations is not a measure determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP, and may not be comparable with the measures as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP information, such as adjusted income from operations, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's income from operations to the historical periods' income from operations, as well as facilitates a more meaningful comparison of the Company’s income from operations to that of other companies.

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

Page 11 of 12

July 30, 2019

COLUMBUS McKINNON CORPORATION

Reconciliation of GAAP Net Income (Loss) and Diluted Earnings per Share to

Non-GAAP Adjusted Net Income and Diluted Earnings per Share

($ in thousands, except per share data)

	Three Months Ended June 30,
	2019			2018
Net income	$	18,579		$	7,706
Add back (deduct):
China plant closure	521			—
Ohio plant closure	506			—
Net loss on sales of businesses, including impairment	169			11,100
Insurance recovery legal costs	139			—
Insurance settlement	(290		)	—
STAHL integration costs	—			1,906
Normalize tax rate to 22% (1)	(291		)	(3,173		)
Non-GAAP adjusted net income	$	19,333		$	17,539
Average diluted shares outstanding	23,777			23,610
Diluted income per share - GAAP	$	0.78		$	0.33
Diluted income per share - Non-GAAP	$	0.81		$	0.74

(1) Applies a normalized tax rate of 22% to GAAP pre-tax income and non-GAAP adjustments above, which are each pre-tax.

Adjusted net income and diluted EPS are defined as net income and diluted EPS as reported, adjusted for certain items and at a normalized tax rate. Adjusted net income and diluted EPS are not measures determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP, and may not be comparable to the measures as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP information, such as adjusted net income and diluted EPS, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's net income and diluted EPS to the historical periods' net income and diluted EPS, as well as facilitates a more meaningful comparison of the Company’s net income and diluted EPS to that of other companies.

Columbus McKinnon Blueprint for Growth Strategy Delivered Record Operating Income in First Quarter Fiscal Year 2020

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July 30, 2019

COLUMBUS McKINNON CORPORATION

Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted EBITDA

($ in thousands)

	Three Months Ended June 30,
	2019			2018
Net income	$	18,579		$	7,706
Add back (deduct):
Income tax expense	5,162			1,774
Interest and debt expense	3,852			4,607
Investment loss (income)	(302		)	(268		)
Foreign currency exchange (gain) loss	(410		)	(276		)
Other (income) expense, net	162			(40		)
Depreciation and amortization expense	7,403			8,832
China plant closure	521			—
Ohio plant closure	506			—
Net loss on sales of businesses, including impairment	169			11,100
Insurance recovery legal costs	139			—
Insurance settlement	(290		)	—
STAHL integration costs	—			1,906
Non-GAAP adjusted EBITDA	$	35,491		$	35,341
Sales	$	212,712		$	224,992
Adjusted EBITDA margin	16.7		%	15.7		%

Adjusted EBITDA is defined as net income before interest expense, income taxes, depreciation, amortization, and other adjustments. Adjusted EBITDA is not a measure determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP, and may not be comparable with the measures as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP information, such as adjusted EBITDA, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's net income and diluted EPS to the historical periods' net income and diluted EPS, as well as facilitates a more meaningful comparison of the Company’s net income and diluted EPS to that of other companies.

EX-99.2

Q1 Fiscal Year 2020 JulySept 30, Investor Presentation 20192017 Financial Results Conference Call Mark D. Morelli President and Chief Executive Officer Gregory P. Rustowicz Vice President – Finance & Chief Financial Officer

Safe Harbor Statement These slides, and the accompanying oral discussion, contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future sales and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including the effectiveness of the Company’s 80/20 Process to simplify operations, the ability of the Company’s operational excellence initiatives to drive profitability, the success of the Company’s efforts to ramp its growth engine, global economic and business conditions, conditions affecting the industries served by the Company and its subsidiaries, conditions affecting the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the ability to expand into new markets and geographic regions, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update the forward- looking information contained in this presentation. Non-GAAP Financial Measures This presentation will discuss some non-GAAP (“adjusted”) financial measures which we believe are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results compared in accordance with GAAP. The non-GAAP (“adjusted”) measures are notated and we have provided reconciliations of comparable GAAP to non-GAAP measures in tables found in the Supplemental Information portion of this presentation. Adoption of ASU No. 2017-07 and impact to historical information In accordance with the ASU, historical cost of good sold and RSG&A have been adjusted for the adoption and implementation on a retrospective basis of ASU No. 2017-07 “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. All relevant financial data impacted by the changes has been adjusted. © 2019 Columbus McKinnon Corporation 2

Margin Expansion & Strong Earnings Blueprint for Growth strategy driving earnings power Net income up 141%; adjusted EPS up nearly 10% Margin expansion: record adjusted EBITDA margin of 16.7% • Up 100 bps from previous record set in Q1 FY19 ROIC expanded to 11.5% Record gross margin of 35.5% • $0.5 million in savings from consolidation of Ohio operations • Pricing accretive to gross margin: more than offsets inflation and tariffs • Both GAAP & adjusted gross margin up 10 bps from prior year quarter Demonstrated outstanding operating leverage on ~2% organic growth in sales Blueprint for Growth strategy driving EBITDA margins and ROIC © 2019 Columbus McKinnon Corporation 3

Blueprint Phase II Delivering Results Simplify the Business 80/20 Process driving results • Contributed $3.4 million to operating income in quarter Streamlined organization delivered $1 million of RSG&A savings Divestitures accretive 30 bps to operating margin Operational Excellence Better cost discipline improves cost structure • Reduced RSG&A 150 bps to 21.2% of sales Reducing overhead costs • $0.5 million of savings in the quarter from Ohio consolidation, on track for $2 million in FY20 Ramp the Growth Engine Encouraging engagement with key accounts Expanding addressable markets through product enhancement and innovation Strong performance with Phase II of self–help strategy © 2019 Columbus McKinnon Corporation 4

Net Sales ($ in millions) Q1 sales up 1.8% (adjusted for divestitures and FX) U.S. sales up 2.5%, adjusted for divestitures Quarter Sales Bridge $225.0 $217.1 $217.4 $216.7 Quarter $11.1 $212.7 $9.2 $9.0 $4.9 Q1 FY19 Sales $ 225.0 Divestitures (11.1) Q1 FY19 Sales adjusted for divestitures $ 213.9 Volume 0.1 0.1% Pricing 3.8 1.8% Foreign currency translation (5.1) (2.4)% $213.9 $207.9 $208.4 $211.8 $212.7 Total change adjusted Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 for divestitures $ (1.2) (0.5)% Sales Divestitures Q1 FY20 Sales $ 212.7 Despite market headwinds, organic growth ~2% © 2019 Columbus McKinnon Corporation 5

Gross Profit & Gross Margin ($ in millions) Quarter Gross Profit Bridge Quarter Q1 FY2019 Gross Profit $ 79.6 Pricing, net of material cost inflation 2.5 $79.6 Insurance Settlement 0.3 $75.9 $76.0 $75.6 $73.4 Prior year STAHL integration costs 0.3 Productivity, net of other cost changes 0.2 Ohio plant closure (0.5) Tariffs (0.6) Foreign currency translation (1.6) Divestitures (1.8) 35.4% 35.0% 33.8% 35.1% 35.5% Sales volume and mix (2.8) Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Total Change $ (4.0) Q1 FY2020 Gross Profit $ 75.6 Strategy drives record gross margin © 2019 Columbus McKinnon Corporation 6

RSG&A ($ in millions) RSG&A at 21.2% of sales, 150 bps improvement Reorganization and cost discipline reduces RSG&A by ~$2 million $51.1 $49.0 $47.3 $47.5 $45.1 $3.7 $3.4 $3.1 $3.3 $2.8 Divestitures, prior year pro-forma items and FX reduce RSG&A by $21.8 $19.7 $20.4 $21.7 $19.6 $3.8 million $25.6 $24.5 $23.9 $24.0 $22.8 FY20 Q2 RSG&A estimate of Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 approximately $46 million Selling G&A R & D Self-funding strategy and managing expenses RSG&A guidance provided July 30, 2019 © 2019 Columbus McKinnon Corporation 7

Operating Income & Adjusted OI Margin ($ in millions) Q1 FY20 operating income increased $13.5 million, or 100% Divestitures reduced operating income $28.1 $0.7 million $26.5 $25.5 $24.9 $22.9 $27.0 Adjusted operating income grew 6.0%, or $24.8 $24.5 8.7% normalized for divestitures $13.5 Adjusted operating margin of 13.2% $6.6 expanded 140 bps Margins increasing with 80/20 Process 11.8% 11.7% 10.5% 11.5% 13.2% and cost discipline Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Divestitures accretive 30 bps to operating Income from Operations Non-GAAP Adjustments margin Execution of strategy is driving increased earnings power © 2019 Columbus McKinnon Corporation 8

Quarterly Earnings Per Share GAAP Diluted EPS Net income: $0.83 $0.78 $18.6 million, 141% increase Y/Y $0.67 $0.33 $0.78 per diluted share, up 136% Y/Y ($0.03) Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Adjusted net income: Adjusted EPS $19.3 million, 10% increase Y/Y $0.81 per diluted share, up 9% Y/Y $0.81 $0.74 $0.70 $0.69 $0.61 Expected tax rate: 22% to 23% Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Strong EPS growth driven by operating margin expansion Tax rate guidance provided July 30, 2019 © 2019 Columbus McKinnon Corporation 9

Adjusted EBITDA & ROIC Adjusted EBITDA Margin Achieved record adjusted EBITDA margin 16.7% 16.7% in Q1 FY20, expanded 100 bps Y/Y 13.7% 15.1% FY18 FY19 Q1 FY20 Adjusted ROIC net of cash increased Return on Invested Capital (ROIC)(1) 11.5% in Q1 FY20, expanded 210 bps Y/Y 11.2% 11.5% 8.7% FY18 FY19 Q1 FY20 TTM GOAL: Adjusted EBITDA Margin of 19% and Adjusted ROIC in mid-teens (1) ROIC is defined as adjusted income from operations, net of taxes, for the trailing 12 months divided by the average of debt plus equity less cash (average capital) for the trailing 13 months. A 22% tax rate was used for fiscal years 2018, 2019 & 2020. © 2019 Columbus McKinnon Corporation 10

Cash Flow ($ in millions) Three Months Ended Note: Components may not add to totals due to rounding June 30, 2019 2018 Net cash provided by operating activities $(2.2) $8.1 Capital expenditures (CapEx) (1.9) (2.3) Operating free cash flow $(4.0) $5.8 Used $4.0 million in operating free cash flow (FCF) in Q1 Paid $12 million for FY19 annual incentive plan (Timing) Accelerated $7 million U.S. pension contribution to Q1 (Timing) FY20 expected CapEx: approximately $20 million Timing of cash incentives and pension contribution impacted free cash flow Capital expenditure guidance provided July 30, 2019 © 2019 Columbus McKinnon Corporation 11

Strong Balance Sheet ($ in millions) Paid down $10 million of debt in CAPITALIZATION Q1 FY20 June 30, March 31, 2019 2019 Net debt to net total capital below 35% Cash and cash equivalents $ 55.7 $ 71.1 Net Debt / Adjusted TTM EBITDA Total debt 290.8 300.3 • 1.77x and better than target of 2.0x Total net debt 235.1 229.2 Paid down $125 million of debt in Shareholders’ equity 452.3 431.2 FY18 and FY19 Total capitalization $ 743.1 $ 731.5 Debt/total capitalization 39.1% 41.1% Net debt/net total 34.2% 34.7% capitalization Plan to pay down $65 million of debt in FY2020 © 2019 Columbus McKinnon Corporation 12

Outlook Q2 FY20 Outlook: Soft patch in short cycle industrial markets, but confident in our strategy Expect Q2 FY20 sales to be unchanged to slightly improved from Q2 FY19, which was approximately $206 million, adjusted for divestitures and FX at current rates • Headwind from FX expected to be approximately 1% • $9.2 million of sales in Q2 FY19 from divestitures FY20 Outlook: Continuing to focus on Phase II of our strategy in FY20 80/20 Process: Incremental ~$10 million operating income in FY20 Expect to deliver solid earnings growth © 2019 Columbus McKinnon Corporation 13

Supplemental Information © 2019 Columbus McKinnon Corporation 14

Businesses Sold Q1 Q2 Q3 Q4 ($ in thousands) FY19 FY19 FY19 FY19 FY19 Sales 11,104 9,233 8,983 4,875 34,195 Income from operations 665 1,461 1,007 532 3,665 1. The Tire Shredder business was divested December 28, 2018. 2. Crane Equipment & Service, Inc. was divested February 28, 2019. 3. Stahlhammer Bommern GmbH was divested February 28, 2019. © 2019 Columbus McKinnon Corporation 15

Adjusted Income from Operations Reconciliation ($ in thousands) Quarter Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Income from operations $ 13,503 $ 24,825 $ 6,646 $ 24,468 $ 27,043 Add back (deduct): China plant closure — — — — 521 Ohio plant closure — — 200 1,273 506 Net (gain) loss on sales of businesses 11,100 — 15,550 (978) 169 Insurance recovery legal costs — 659 491 132 139 Insurance settlement — — — — (290) Acquisition deal, integration, and severance costs 1,906 — — — — Non-GAAP adjusted income from operations $ 26,509 $ 25,484 $ 22,887 $ 24,895 $ 28,088 Sales 224,992 217,142 217,415 216,733 212,712 Adjusted operating margin 11.8% 11.7% 10.5% 11.5% 13.2% Adjusted income from operations is defined as income from operations as reported, adjusted for certain items. Adjusted income from operations is not a measure determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP, and may not be comparable with the measures as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP information, such as adjusted income from operations, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's income from operations to the historical periods' income from operations, as well as facilitates a more meaningful comparison of the Company’s income from operations to that of other companies.. © 2019 Columbus McKinnon Corporation 16

Adjusted Net Income Reconciliation ($ in thousands, except per share data) Quarter Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Net income (loss) $ 7,706 $ 15,912 $ (782) $ 19,741 $ 18,579 Add back (deduct): China plant closure — — — — 521 Ohio plant closure — — 200 1,273 506 Net (gain) loss on sales of businesses 11,100 — 15,550 (978) 169 Insurance recovery legal costs — 659 491 132 139 Insurance settlement — — — — (290) Acquisition deal, integration, and severance costs 1,906 — — — — Normalize tax rate (1) (3,173) (76) (974) (3,766) (291) Non-GAAP adjusted net income $ 17,539 $ 16,495 $ 14,485 $ 16,402 $ 19,333 Average diluted shares outstanding 23,610 23,721 23,681 23,714 23,777 Diluted income per share – GAAP $0.33 $0.67 $(0.03) $0.83 $0.78 Diluted income per share - Non-GAAP $0.74 $0.70 $0.61 $0.69 $0.81 (1) Applies normalized tax rate of 22% to GAAP pre-tax income and non-GAAP adjustments above, which are each pre-tax. Adjusted net income and diluted EPS are defined as net income and diluted EPS as reported, adjusted for certain items and at a normalized tax rate. Adjusted net income and diluted EPS are not measures determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP, and may not be comparable to the measures as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP information, such as adjusted net income and diluted EPS, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's net income and diluted EPS to the historical periods' net income and diluted EPS, as well as facilitates a more meaningful comparison of the Company’s net income and diluted EPS to that of other companies. © 2019 Columbus McKinnon Corporation 17

Adjusted EBITDA Reconciliation ($ in thousands) Quarter Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Net income (loss) $ 7,706 $ 15,912 $ (782) $ 19,741 $ 18,579 Add back (deduct): Income tax expense 1,774 4,576 3,111 860 5,162 Interest and debt expense 4,607 4,248 4,330 3,959 3,852 Investment (income) loss (268) (111) 82 (430) (302) Foreign currency exchange (gain) loss (276) 507 (25) 637 (410) Other (income) expense, net (40) (307) (70) (299) 162 Depreciation and amortization expense 8,832 8,030 7,901 7,912 7,403 China plant closure —— ——521 Ohio plant closure — — 200 1,273 506 Net (gain) loss on sales of businesses 11,100 — 15,550 (978) 169 Insurance recovery legal costs — 659 491 132 139 Insurance settlement ————(290) Acquisition deal, integration, and severance costs 1,906 — — — — Non-GAAP adjusted EBITDA $ 35,341 $ 33,514 $ 30,788 $ 32,807 $ 35,491 Sales $ 224,992 $ 217,142 $ 217,415 $ 216,733 $ 212,712 Adjusted EBITDA margin 15.7% 15.4% 14.2% 15.1% 16.7% Adjusted EBITDA is defined as net income before interest expense, income taxes, depreciation, amortization, and other adjustments. Adjusted EBITDA is not a measure determined in accordance with generally accepted accounting principles in the United States, commonly known as GAAP, and may not be comparable with the measures as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP information, such as adjusted EBITDA, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year's net income and diluted EPS to the historical periods' net income and diluted EPS, as well as facilitates a more meaningful comparison of the Company’s net income and diluted EPS to that of other companies. © 2019 Columbus McKinnon Corporation 18

Industrial Capacity Utilization U.S. Capacity Utilization Eurozone Capacity Utilization Source: The Federal Reserve Board Source: European Commission 82% 85% 75.9% (Manufacturing) & 81% 77.9% (Total) 84% 80% June 2019(1) 79% 83% 82.8% 78% June 2019 82% 77% 76% 81% 75% 80% 74% 73% 79% Manufacturing Total (1) June 2019 numbers are preliminary © 2019 Columbus McKinnon Corporation 19

Conference Call Playback Info Replay Number: 412-317-6671 passcode: 13692055 Telephone replay available through August 6, 2019 Webcast / PowerPoint / Replay available at www.cmworks.com/investors Transcript, when available, at www.cmworks.com/investors © 2019 Columbus McKinnon Corporation 20