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): November 1, 2023

Columbus McKinnon Corporation

(Exact name of registrant as specified in its charter)

New York

(State or other jurisdiction of incorporation)

001-34362	16-0547600
(Commission File Number)	(IRS Employer Identification No.)

13320 Ballantyne Corporate Place, Suite D	Charlotte	NC	28277
(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)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.01 par value per share	CMCO	Nasdaq Global Select Market

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:

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

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

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

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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging Growth Company

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 November 1, 2023, the registrant issued a press release announcing its financial results for the second quarter, which ended September 30, 2023. The press release is annexed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 7.01 REGULATION FD DISCLOSURE.

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 Exhibits 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 November 1, 2023
99.2	Earnings call slides dated November 1, 2023
104	Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

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

Dated: November 1, 2023

EX-99.1

EXHIBIT 99.1

News Release

13320 Ballantyne Corporate Place Suite D

Charlotte, NC 28277

Immediate Release

Columbus McKinnon Reports Record Sales and Operating Income

for Second Quarter Fiscal Year 2024

CHARLOTTE, NC, November 1, 2023 - Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2024 second quarter, which ended September 30, 2023. Results include the addition of montratec®, which was acquired on May 31, 2023 ("the acquisition").

Second Quarter Highlights (compared with prior-year period, except where otherwise noted)

•Growth strategy drives record sales of $258.4 million, up 12% over same period in the prior year

•CMBS enables record gross margin of 38.7%; 190 basis point margin expansion sequentially

•Record operating income of $33.4 million, up 22% over prior year

•Expanded financial flexibility while reducing debt; paid down $15 million in debt and increasing debt pay down plans by $10 million to $50 million in fiscal 2024

•Expect to surpass $1 billion in revenue in fiscal 2024; advancing toward fiscal 2027 targets

David J. Wilson, President and CEO, commented, “Our second quarter results reflect the meaningful progress we are making as our team executes toward our fiscal 2027 targets. We achieved several new milestones this quarter including record revenue, gross margin and operating income. Being customer led is a foundational component of the Columbus McKinnon Business System (“CMBS”) which drives continuous improvement, discipline, communication and accountability. We remain laser focused on improving our customers’ experience and our progress has been validated by recent improvements in our net promoter score. The 80/20 process is another key focus area of CMBS with our current priority being product line simplification. Beyond optimizing financial performance, this will lead to improved product offerings, stronger market positioning and the ability to simplify our factory footprint.”

Mr. Wilson noted, “We are clearly building momentum within the organization and expect to surpass $1 billion in revenue in fiscal 2024. We also expect to deliver approximately 150 basis points of year-over-year gross margin expansion, exceeding our previous guidance. We are excited about the prospects for our precision conveyance platform including the recent addition of the montratec business. This, in combination with our organic growth initiatives, is driving the transformation of Columbus McKinnon to a less cyclical, higher growth and more profitable enterprise.”

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Page 2 of 13

November 1, 2023

Second Quarter Fiscal 2024 Sales

($ in millions)	Q2 FY 24			Q2 FY 23			Change		% Change
Net sales	$	258.4		$	231.7		$	26.7	11.5	%
U.S. sales	$	145.2		$	139.7		$	5.5	3.9	%
% of total	56		%	60		%
Non-U.S. sales	$	113.2		$	92.0		$	21.2	23.0	%
% of total	44		%	40		%

For the quarter, net sales increased $26.7 million, or 11.5%. The acquisition contributed $9.5 million, or 4.1%, of the increase in sales. In the U.S., sales were up $5.5 million, or 3.9%, as a result of $4.9 million of price improvement, $0.4 million contribution from the acquisition and $0.2 million of higher volume. Sales outside the U.S. increased $21.2 million, or 23.0%, driven by $9.1 million of sales related to the acquisition, $5.7 million of price improvement and $0.8 million of higher volume. Favorable foreign currency translation was $5.6 million.

Second Quarter Fiscal 2024 Operating Results

($ in millions)	Q2 FY 24			Q2 FY 23			Change		% Change
Gross profit	$	100.0		$	86.3		$	13.7	15.8	%
Gross margin	38.7		%	37.2		%	150 bps
Adjusted gross profit*	$	100.0		$	86.3		$	13.7	15.8	%
Adjusted gross margin*	38.7		%	37.2		%	150 bps
Income from operations	$	33.4		$	27.4		$	6.0	21.8	%
Operating margin	12.9		%	11.8		%	110 bps
Adjusted income from operations*	$	34.1		$	28.6		$	5.5	19.2	%
Adjusted operating margin*	13.2		%	12.4		%	80 bps
Net income	$	15.8		$	14.1		$	1.7	12.0	%
Net income margin	6.1		%	6.1		%	0 bps
Diluted EPS	$	0.55		$	0.49		$	0.06	12.2	%
Adjusted EPS*	$	0.76		$	0.73		$	0.03	4.1	%
Adjusted EBITDA*	$	45.7		$	39.0		$	6.7	17.1	%
Adjusted EBITDA margin*	17.7		%	16.8		%	90 bps

*Adjusted gross profit, adjusted gross margin, adjusted income from operations, adjusted operating margin, adjusted EPS, adjusted EBITDA, and adjusted EBITDA margin are non-GAAP measures. See accompanying discussion and reconciliation tables in this release regarding adjusted income from operations, adjusted operating margin, and adjusted EPS, and the reconciliation of GAAP net income (loss) to adjusted EBITDA.

Adjusted earnings per diluted share of $0.76 excludes amortization of intangible assets related to acquisitions. The Company believes this better represents its inherent earnings power and cash generation capability.

Third Quarter Fiscal 2024 Outlook

Columbus McKinnon expects third quarter fiscal 2024 sales of approximately $245 million to $255 million at current exchange rates. This represents 9% growth year-over-year at the midpoint of the range.

Mr. Wilson 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 2.3x1 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.”

1On a financial covenant basis per Amended and Restated Credit Agreement

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Page 3 of 13

November 1, 2023

Teleconference/webcast

Columbus McKinnon will host a conference call and live webcast today 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 investors.cmco.com/. 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 investors.cmco.com/. The telephonic replay will be available from 1:00 PM Eastern Time on the day of the call through Wednesday, November 8, 2023. To listen to the archived call, dial 412-317-6671 and enter the conference ID number 13741338. Alternatively, an archived webcast of the call can be found on the Company’s website and a transcript of the call will be posted there once available.

About Columbus McKinnon

Columbus McKinnon is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning, and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, 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 www.cmco.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 expected growth, future sales and future gross margin expansion, and future potential to deliver results; the execution of its strategy and further transformation of the Company with stronger growth, less cyclicality and higher margins, and achievement of the Company’s fiscal 2027 goals and certain other goals; and the amount and timing of future debt repayments by the Company. These statements 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 impact of supply chain challenges and inflation, the ability of the Company to scale the organization, achieve its financial targets including as to revenue and gross margin, and to execute CMBS and the Core Growth Framework; global economic and business conditions affecting the industries served by the Company and its subsidiaries including COVID-19; 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. Consequently, such forward-looking statements should be regarded as current plans, estimates and beliefs. Except as required by applicable law, the Company assumes no obligation to update the forward-looking information contained in this release.

Contacts:

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

Financial tables follow.

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Page 4 of 13

November 1, 2023

COLUMBUS McKINNON CORPORATION

Condensed Consolidated Income Statements - UNAUDITED

(In thousands, except per share and percentage data)

	Three Months Ended
	September 30, 2023			September 30, 2022			Change
Net sales	$	258,400		$	231,740		11.5	%
Cost of products sold	158,424			145,430			8.9	%
Gross profit	99,976			86,310			15.8	%
Gross profit margin	38.7		%	37.2		%
Selling expenses	26,867			25,617			4.9	%
% of net sales	10.4		%	11.1		%
General and administrative expenses	25,709			21,413			20.1	%
% of net sales	9.9		%	9.2		%
Research and development expenses	6,541			5,461			19.8	%
% of net sales	2.5		%	2.4		%
Amortization of intangibles	7,508			6,447			16.5	%
Income from operations	$	33,351		$	27,372		21.8	%
Operating margin	12.9		%	11.8		%
Interest and debt expense	10,211			6,768			50.9	%
Investment (income) loss	88			312			(71.8)	%
Foreign currency exchange (gain) loss	1,746			1,003			74.1	%
Other (income) expense, net	393			222			77.0	%
Income (loss) before income tax expense (benefit)	$	20,913		19,067			9.7	%
Income tax expense (benefit)	5,100			4,953			3.0	%
Net income (loss)	$	15,813		$	14,114		12.0	%
Average basic shares outstanding	28,725			28,619			0.4	%
Basic income (loss) per share	$	0.55		$	0.49		12.2	%
Average diluted shares outstanding	29,001			28,748			0.9	%
Diluted income (loss) per share	$	0.55		$	0.49		12.2	%
Dividends declared per common share	$	0.07		$	0.07

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Page 5 of 13

November 1, 2023

COLUMBUS McKINNON CORPORATION

Condensed Consolidated Income Statements - UNAUDITED

(In thousands, except per share and percentage data)

	Six Months Ended
	September 30, 2023			September 30, 2022			Change
Net sales	$	493,892		$	452,027		9.3	%
Cost of products sold	307,266			283,191			8.5	%
Gross profit	186,626			168,836			10.5	%
Gross profit margin	37.8		%	37.4		%
Selling expenses	51,848			51,773			0.1	%
% of net sales	10.5		%	11.5		%
General and administrative expenses	53,152			43,299			22.8	%
% of net sales	10.8		%	9.6		%
Research and development expenses	12,442			10,591			17.5	%
% of net sales	2.5		%	2.3		%
Amortization of intangibles	14,385			12,982			10.8	%
Income from operations	54,799			50,191			9.2	%
Operating margin	11.1		%	11.1		%
Interest and debt expense	18,836			12,971			45.2	%
Investment (income) loss	(454)			742			NM
Foreign currency exchange (gain) loss	2,230			2,206			1.1	%
Other (income) expense, net	605			(2,079)			NM
Income (loss) before income tax expense (benefit)	33,582			36,351			(7.6)	%
Income tax expense (benefit)	8,494			13,846			(38.7)	%
Net income (loss)	25,088			22,505			11.5	%
Average basic shares outstanding	28,694			28,581			0.4	%
Basic income (loss) per share	$	0.87		$	0.79		10.1	%
Average diluted shares outstanding	28,962			28,733			0.8	%
Diluted income (loss) per share	$	0.87		$	0.78		11.5	%
Dividends declared per common share	$	0.07		$	0.07

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Page 6 of 13

November 1, 2023

COLUMBUS McKINNON CORPORATION

Condensed Consolidated Balance Sheets

(In thousands)

	September 30, 2023		March 31, 2023
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	99,058	$	133,176
Trade accounts receivable	$	166,390	$	151,451
Inventories	$	204,997	$	179,359
Prepaid expenses and other	$	40,749	$	32,254
Total current assets	$	511,194	$	496,240
Property, plant, and equipment, net	$	100,602	$	94,360
Goodwill	$	717,572	$	644,629
Other intangibles, net	$	397,388	$	362,537
Marketable securities	$	10,807	$	10,368
Deferred taxes on income	$	2,206	$	2,035
Other assets	$	87,632	$	88,286
Total assets	$	1,827,401	$	1,698,455
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable	$	71,446	$	76,736
Accrued liabilities	$	141,532	$	124,317
Current portion of long-term debt and finance lease obligations	$	50,636	$	40,604
Total current liabilities	$	263,614	$	241,657
Term loan, AR securitization facility and finance lease obligations	$	514,205	$	430,988
Other non current liabilities	$	195,584	$	192,013
Total liabilities	$	973,403	$	864,658
Shareholders’ equity:
Common stock	$	287	$	286
Treasury stock	$	(1,001)	$	(1,001)
Additional paid in capital	$	519,593	$	515,797
Retained earnings	$	379,834	$	356,758
Accumulated other comprehensive loss	$	(44,715)	$	(38,043)
Total shareholders’ equity	$	853,998	$	833,797
Total liabilities and shareholders’ equity	$	1,827,401	$	1,698,455

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

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November 1, 2023

COLUMBUS McKINNON CORPORATION

Condensed Consolidated Statements of Cash Flows - UNAUDITED

(In thousands)

	Six Months Ended
	September 30, 2023		September 30, 2022
Operating activities:
Net income (loss)	$	25,088	$	22,505
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization	$	22,482	$	20,893
Deferred income taxes and related valuation allowance	$	(6,097)	$	(698)
Net loss (gain) on sale of real estate, investments and other	$	(302)	$	852
Stock-based compensation	$	5,264	$	3,629
Amortization of deferred financing costs	$	1,106	$	860
Loss (gain) on hedging instruments	$	554	$	(714)
Gain on sale of building	$	—	$	(232)
Loss on retirement of fixed asset	$	—	$	175
Non-cash lease expense	$	4,684	$	3,843
Changes in operating assets and liabilities, net of effects of business acquisitions:
Trade accounts receivable	$	(11,409)	$	381
Inventories	$	(22,415)	$	(30,754)
Prepaid expenses and other	$	(5,868)	$	2,321
Other assets	$	357	$	24
Trade accounts payable	$	(5,996)	$	(11,267)
Accrued liabilities	$	(3,085)	$	(3,124)
Non-current liabilities	$	(4,921)	$	(2,545)
Net cash provided by (used for) operating activities	$	(558)	$	6,149
Investing activities:
Proceeds from sales of marketable securities	$	1,100	$	1,900
Purchases of marketable securities	$	(1,809)	$	(2,709)
Capital expenditures	$	(10,319)	$	(5,288)
Proceeds from sale of building, net of transaction costs	$	—	$	373
Purchase of businesses, net of cash acquired	$	(108,145)	$	(1,616)
Dividend received from equity method investment	$	144	$	313
Net cash provided by (used for) investing activities	$	(119,029)	$	(7,027)
Financing activities:
Proceeds from the issuance of common stock	$	492	$	621
Repayment of debt	$	(25,294)	$	(20,264)
Proceeds from issuance of long-term debt	$	120,000	$	—
Fees paid for borrowings on long-term debt	$	(2,859)	$	—
Cash inflows from hedging activities	$	12,084	$	12,306
Cash outflows from hedging activities	$	(12,660)	$	(11,689)
Payment of dividends	$	(4,015)	$	(4,001)
Other	$	(1,954)	$	(1,375)
Net cash provided by (used for) financing activities	$	85,794	$	(24,402)
Effect of exchange rate changes on cash	$	(325)	$	(1,245)
Net change in cash and cash equivalents	$	(34,118)	$	(26,525)
Cash, cash equivalents, and restricted cash at beginning of year	$	133,426	$	115,640
Cash, cash equivalents, and restricted cash at end of period	$	99,308	$	89,115

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Page 8 of 13

November 1, 2023

COLUMBUS McKINNON CORPORATION

Q2 FY 2024 Sales Bridge

	Quarter				Year To Date
($ in millions)	$ Change		% Change		$ Change		% Change
Fiscal 2023 Sales	$	231.7			$	452.0
Acquisition	9.5		4.1	%	12.2		2.7	%
Volume	1.0		0.4	%	2.2		0.5	%
Pricing	10.6		4.6	%	21.6		4.8	%
Foreign currency translation	5.6		2.4	%	5.9		1.3	%
Total change	$	26.7	11.5	%	$	41.9	9.3	%
Fiscal 2024 Sales	$	258.4			$	493.9

COLUMBUS McKINNON CORPORATION

Q2 FY 2024 Gross Profit Bridge

($ in millions)	Quarter		Year To Date
Fiscal 2023 Gross Profit	$	86.3	$	168.8
Price, net of manufacturing costs changes (incl. inflation)	5.7		11.2
Sales volume and mix	0.6		(1.5)
Acquisition	5.5		6.3
Current year business realignment costs	—		(0.2)
Foreign currency translation	1.9		2.0
Total change	13.7		17.8
Fiscal 2024 Gross Profit	$	100.0	$	186.6

U.S. Shipping Days by Quarter
	Q1	Q2	Q3	Q4	Total
FY 24	63	62	61	62	248
FY 23	63	64	60	63	250

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Page 9 of 13

November 1, 2023

COLUMBUS McKINNON CORPORATION

Additional Data(1)

(Unaudited)

	September 30, 2023			June 30, 2023			March 31, 2023			September 30, 2022
($ in millions)
Backlog	$	317.7		$	355.3		$	308.7		$	327.8
Long-term backlog
Expected to ship beyond 3 months	$	148.3		$	177.3		$	142.0		$	161.2
Long-term backlog as % of total backlog	46.7		%	49.9		%	46.0		%	49.2		%
Trade accounts receivable
Days sales outstanding(2)	58.6		days	62.9		days	54.3		days	55.1		days
Inventory turns per year(2)
(based on cost of products sold)	3.1		turns	2.9		turns	3.6		turns	3.0		turns
Days' inventory	117.7		days	125.9		days	101.4		days	121.0		days
Trade accounts payable
Days payables outstanding(2)	48.3		days	53.3		days	53.3		days	59.4		days
Working capital as a % of sales (3)(4)	21.8		%	21.4		%	17.3		%	20.8		%
Net cash provided by (used for) operating activities	$	16.7		$	(17.2)		$	66.7		$	17.3
Capital expenditures	$	5.0		$	5.3		$	3.1		$	2.3
Free cash flow (5)	$	11.7		$	(22.5)		$	63.6		$	15.0
Debt to total capitalization percentage	39.8		%	40.6		%	36.1		%	38.5		%
Debt, net of cash, to net total capitalization	35.3		%	35.8		%	28.9		%	33.9		%

(1)Additional Data: This data is provided to help investors understand financial and operational metrics that management uses to measure the Company’s financial performance and identify trends affecting the business. These measures may not be comparable with or defined in the same manner as other companies.

(2) June 30, 2023 figures exclude the impact of the acquisition.

(3) June 30, 2023 and September 30, 2023 exclude the impact of the acquisition.

(4) September 30, 2022 figure excludes the impact of the acquisition of Garvey Corporation.

(5) Free cash flow is defined as net cash provided by (used for) operating activities less capital expenditures. Free cash flow is not a measure determined in accordance with GAAP, and may not be comparable with the measures as defined or used by other companies. Nevertheless, the Company believes that providing non-GAAP financial measures, such as free cash flow, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s free cash flow to free cash flow for historical periods.

Components may not add due to rounding.

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

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November 1, 2023

COLUMBUS McKINNON CORPORATION

Reconciliation of GAAP Gross Profit to Non-GAAP Adjusted Gross Profit

($ in thousands)

	Three Months Ended						Six Months Ended
	September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022
GAAP gross profit	$	99,976		$	86,310		$	186,626		$	168,836
Add back (deduct):
Business realignment costs	—			—			196			—
Non-GAAP adjusted gross profit	$	99,976		$	86,310		$	186,822		$	168,836
Net sales	$	258,400		$	231,740		$	493,892		$	452,027
Gross margin - GAAP	38.7		%	37.2		%	37.8		%	37.4		%
Adjusted gross margin - Non-GAAP	38.7		%	37.2		%	37.8		%	37.4		%

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 financial measures, 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 Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Page 11 of 13

November 1, 2023

COLUMBUS McKINNON CORPORATION

Reconciliation of GAAP Income from Operations to Non-GAAP Adjusted Income from Operations

($ in thousands)

	Three Months Ended						Six Months Ended
	September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022
GAAP income from operations	$	33,351		$	27,372		$	54,799		$	50,191
Add back (deduct):
Acquisition deal and integration costs	508			19			3,095			105
Business realignment costs	40			1,233			415			2,890
North American warehouse consolidation	82			—			199			—
Headquarter relocation costs	146			—			1,374			—
Non-GAAP adjusted income from operations	$	34,127		$	28,624		$	59,882		$	53,186
Net sales	$	258,400		$	231,740		$	493,892		$	452,027
Operating margin - GAAP	12.9		%	11.8		%	11.1		%	11.1		%
Adjusted operating margin - Non-GAAP	13.2		%	12.4		%	12.1		%	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 financial measures, 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 Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

Page 12 of 13

November 1, 2023

COLUMBUS McKINNON CORPORATION

Reconciliation of GAAP Net Income 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				Six Months Ended
	September 30, 2023		September 30, 2022		September 30, 2023		September 30, 2022
GAAP net income	15,813		14,114		25,088		22,505
Add back (deduct):
Amortization of intangibles	7,508		6,447		14,385		12,982
Acquisition deal and integration costs	508		19		3,095		105
Business realignment costs	40		1,233		415		2,890
North American warehouse consolidation	82		—		199		—
Headquarter relocation costs	146		—		1,374		—
Normalize tax rate (1)	(2,199)		(938)		(4,768)		2,333
Non-GAAP adjusted net income	21,898		20,875		39,788		40,815
Average diluted shares outstanding	29,001		28,748		28,962		28,733
Diluted income per share - GAAP	$	0.55	$	0.49	$	0.87	$	0.78
Adjusted diluted income per share - Non-GAAP	$	0.76	$	0.73	$	1.37	$	1.42

(1) Applies a normalized tax rate of 25% in fiscal 2024 and 22% in fiscal 2023 to GAAP pre-tax income and non-GAAP adjustments above, which are each pre-tax.

Adjusted net income and adjusted diluted EPS are defined as net income and diluted EPS as reported, adjusted for certain items, including amortization of intangibles, and also adjusted for a normalized tax rate. Adjusted net income and adjusted 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 with the measures used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as adjusted net income and adjusted 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.The Company believes that presenting adjusted diluted EPS provides a better understanding of its earnings power inclusive of adjusting for the non-cash amortization of intangible assets, reflecting the Company’s strategy to grow through acquisitions as well as organically.

Columbus McKinnon Reports Record Sales and Operating Income for Second Quarter Fiscal Year 2024

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November 1, 2023

COLUMBUS McKINNON CORPORATION

Reconciliation of GAAP Net Income to Non-GAAP Adjusted EBITDA

($ in thousands)

	Three Months Ended						Six Months Ended
	September 30, 2023			September 30, 2022			September 30, 2023			September 30, 2022
GAAP net income	$	15,813		$	14,114		$	25,088		$	22,505
Add back (deduct):
Income tax expense (benefit)	5,100			4,953			8,494			13,846
Interest and debt expense	10,211			6,768			18,836			12,971
Investment (income) loss	88			312			(454)			742
Foreign currency exchange (gain) loss	1,746			1,003			2,230			2,206
Other (income) expense, net	393			222			605			(2,079)
Depreciation and amortization expense	11,592			10,424			22,482			20,893
Acquisition deal and integration costs	508			19			3,095			105
Business realignment costs	40			1,233			415			2,890
North American warehouse consolidation	82			—			199			—
Headquarter relocation costs	146			—			1,374			—
Non-GAAP adjusted EBITDA	$	45,719		$	39,048		$	82,364		$	74,079
Net sales	$	258,400		$	231,740		$	493,892		$	452,027
Net income margin - GAAP	6.1		%	6.1		%	5.1		%	5.0		%
Adjusted EBITDA margin - Non-GAAP	17.7		%	16.8		%	16.7		%	16.4		%

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 financial measures, such as adjusted EBITDA, is important for investors and other readers of the Company’s financial statements.

EX-99.2

Q2 Fiscal Year 2024 Financial Results Conference Call President & Chief Executive Officer David J. Wilson November 1, 2023 Executive Vice President Finance & Chief Financial Officer Gregory P. Rustowicz

© 2023 COLUMBUS MCKINNON CORPORATION These slides, and the accompanying oral discussion (together, this “presentation”), 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 expected growth, future sales, future gross margin expansion, future EBITDA margin expansion, and future potential to deliver results including revenue guidance, gross margin improvements, and reduction of RSG&A as a percent of revenue; the execution of its strategy and further transformation of the Company with stronger growth, less cyclicality and higher margins, and achievement of the Company’s fiscal 2027 goals and certain other goals; and the amount and timing of future debt repayments by the Company. These statements 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 impact of supply chain challenges and inflation, the ability of the Company to scale the organization, achieve its financial targets including as to revenue, gross margin and EBITDA margin, and to execute CMBS and the Core Growth Framework; global economic and business conditions affecting the industries served by the Company and its subsidiaries including COVID-19; 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. Consequently, such forward-looking statements should be regarded as current plans, estimates and beliefs. Except as required by applicable law, the Company assumes no obligation to update the forward-looking information contained in this presentation. Non-GAAP Financial Measures and Forward-looking Non-GAAP 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 prepared in accordance with GAAP. The non-GAAP (“adjusted”) measures are noted and reconciliations of comparable GAAP with non-GAAP measures can be found in tables included in the Supplemental Information portion of this presentation. Safe Harbor Statement 2

© 2023 COLUMBUS MCKINNON CORPORATION 3 Advancing Strategy: Delivered Record Results in Q2 Record Sales, Gross Margin, Operating Income and Adjusted EBITDA and Margin Record financial performance in Q2 FY24 • Record sales of $258.4 million increased 12% y/y including 5% organic growth • Sales grew $26.7 million included $9.5 million from montratec® • Record gross margin of 38.7% increased 150 bps y/y and 190 bps sequentially • Record operating income of $33.4 million, up 22% y/y, net income of $15.8 million, or 6.1% of sales • Record adjusted EBITDA (1) of $45.7 million, up 17% y/y • Record adjusted EBITDA margin (1) of 17.7%, increased 90 bps y/y and 210 bps sequentially Executing on Transformation Strategy to Drive Growth and Stronger Earnings Power Strengthening cash flow and reducing debt • Cash from operations was $16.7 million; free cash flow(1) was $11.7 million • Accelerating debt reduction; paid down $15 million in the quarter and $25 million year-to-date • Now plan to reduce debt by $50 million in fiscal 2024, up from previously communicated $40 million • Net debt leverage ratio(2) 2.7x; expect to be approximately 2.3x by end of fiscal year (1) See Supplemental Slides for the definition of adjusted EBITDA and adjusted EBITDA margin, free cash flow, and the reconciliation to GAAP and other disclaimers regarding non-GAAP information. (2) On a financial covenant basis per Amended and Restated Credit Agreement

© 2023 COLUMBUS MCKINNON CORPORATION 4 Operational Performance Record 38.7% Gross Margin Demonstrates Effectiveness of Strategy Updating Guidance: Now Expect Gross Margin Expansion of ~150 bps Y/Y for FY24 ADJUSTED GROSS MARGIN PROGRESSION Operating Initiatives • Operational Excellence • Volume/scale/pricing • Product line simplification Strategic Initiatives • Accretive acquisitions • Factory simplification 33.7% 35.0% 35.4% 34.1% 36.1% 36.5% 37.8% 38.7% ~40% FY18 FY19 FY20 FY21 FY22 FY23 H1 FY24 Q2 FY24 FY27E GROSS MARGIN LEVERS

© 2023 COLUMBUS MCKINNON CORPORATION Net Sales 5% Organic Growth and $9.5 Million from montratec Leads to Record Sales in Second Quarter Quarter Sales Bridge • U.S.: up 4% with 3.5% price improvement and 0.1% volume • Non-U.S.: up 23% including 9.9% acquired sales, 6.1% pricing and 0.9% volume increase 5 Q2 sales up 9.1% on constant currency from prior-year $231.7 $230.4 $253.8 $235.5 $258.4 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 ($ in millions) Note: Components may not add to totals due to rounding Quarter ($ in millions) $ Change % Change Fiscal 2023 Sales $ 231.7 Pricing 10.6 4.6% Acquisition 9.5 4.1% Volume 1.0 0.4% Foreign currency translation 5.6 2.4% Total change $ 26.7 11.5% Fiscal 2024 Sales $ 258.4

© 2023 COLUMBUS MCKINNON CORPORATION 6 Gross Profit & Margin Gross Profit Bridge Record Gross Margin; montratec Accretive to Gross Margin by 70 bps $86.3 $82.0 $91.2 $86.6 $100.0 37.2% 35.6% 35.9% 36.8% 38.7% 37.2% 35.6% 35.9% 36.9% 38.7% Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Adjusted Gross Margin ($ in millions) Note: Components may not add to totals due to rounding ($ in millions) Quarter Fiscal 2023 Gross Profit $ 86.3 Price, net of mfg cost changes (incl. inflation) 5.7 Acquisition 5.5 Sales volume and mix 0.6 Foreign currency translation 1.9 Total change 13.7 Fiscal 2024 Gross Profit $ 100.0

© 2023 COLUMBUS MCKINNON CORPORATION 7 RSG&A $25.6 $25.4 $25.3 $25.0 $26.9 $21.4 $25.1 $26.4 $27.4 $25.7 $5.5 $4.8 $5.5 $5.9 $6.5 $52.5 $55.4 $57.2 $58.3 $59.1 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Selling G&A R&D Q/Q Comparison: • Additional $2.6 million from montratec acquisition • Higher stock compensation costs of $1.3 million • Offset by combined $3.2 million in lower acquisition/integration costs and HQ relocation costs Y/Y Comparison: • Additional $3.3 million from montratec • Increase in incentive comp accrual and stock-based comp of $2.8 million • Higher R&D costs of $1.0 million Expect Q3 FY24 RSG&A of ~$58 million (1)RSG&A guidance provided November 1, 2023. Excludes business realignment, integration, acquisitions and other one-time costs, unless otherwise noted. Note: Components may not add to totals due to rounding RSG&A as % of sales: 22.9% Q2 RSG&A Includes Full Quarter of montratec ($ in millions) 22.7% 22.5% 24.8%24.1%

© 2023 COLUMBUS MCKINNON CORPORATION 8 Operating Income Record operating income of $33.4 million, up 22% y/y • Operating income grew $6.0 million • Operating margin of 12.9% expanded 110 bps Record adjusted operating income of $34.1 million, up 19% y/y • Adjusted operating income increased $5.5 million • Adjusted operating margin of 13.2% expanded 80 bps Expect Q3 FY24 amortization expense of ~$7.5 million(1) • Unchanged from Q2 levels Record Operating Income Increased 22% Y/Y in Q2 FY24 Operating Income & Margin Adjusted Operating Income & Margin $28.6 $23.5 $29.2 $25.8 $34.1 12.4% 10.2% 11.5% 10.9% 13.2% Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 $27.4 $20.2 $27.5 $21.4 $33.4 11.8% 8.8% 10.8% 9.1% 12.9% Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 ($ in millions) (1)Guidance on amortization expense provided on November 1, 2023

© 2023 COLUMBUS MCKINNON CORPORATION $0.49 $0.42 $0.48 $0.32 $0.55 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 9 Earnings Per Share Adjusted EPS GAAP Diluted EPS $0.73 $0.72 $0.80 $0.62 $0.76 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Y/Y GAAP net income increased 12%, or $1.7 million; EPS up 12%, or $0.06 y/y • $6 million increase in operating income partially offset by higher interest expense and FX loss Adj. net income of $21.9 million in the quarter Add backs (pre-tax): • $7.5 million of amortization of intangibles • $0.5 million acquisition deal & integration costs • $0.2 million of business realignment & HQ move costs • $0.1 million NA warehouse consolidation Guidance: • FY24 non-GAAP adjusted tax rate: ~25%(1) • Q3 FY24 interest expense: ~$10.0 million(1) • Q3 FY24 diluted shares outstanding: ~29.0 million(1) (1)Guidance on tax rate, interest expense, FX and investment losses and number of diluted shares outstanding provided on November 1, 2023 Delivered 12% Y/Y EPS Growth Despite Higher Interest and Tax Expense

© 2023 COLUMBUS MCKINNON CORPORATION $140.1 $147.8 $156.1 15.4% 15.8% 16.0% FY22 FY23 Q2 FY24 TTM 10 Adjusted EBITDA & ROIC Return on Invested Capital (ROIC)(1) Adjusted EBITDA and Margin 7.2% 6.7% 6.8% FY22 FY23 Q2 FY24 TTM Targeting Double Digit ROIC Over Strategic Planning Horizon (1)ROIC is a non-GAAP measure defined as adjusted income from operations, net of taxes at a 25% normalized rate, for the trailing four quarters divided by the average of debt plus equity less cash (average capital) for the trailing five quarters. Prior year periods have been adjusted to the 25% tax rate. Achieved record 17.7% adjusted EBITDA in quarter • Targeting 21% adjusted EBITDA margin in FY27 • Expect 80/20 initiatives, factory simplification, and operating leverage on increased scale to drive margin expansion Transforming business with strategic investments • ROIC improved 20 bps from Q1 FY24 TTM • Key metric for LTIP compensation of executives • TTM ROIC reflects higher average capital base driven by timing of acquisitions • Strategy expected to deliver improved earnings power and ROIC over time

© 2023 COLUMBUS MCKINNON CORPORATION $86.6 $35.8 $71.0 $59.3 951% 121% 147% 116% FY21 FY22 FY23 Q2 FY24 TTM 11 Free Cash Flow & Conversion (2) Cash Flow Note: Components may not sum due to rounding Three Months Ended Year-to-Date 9/30/23 9/30/22 9/30/23 9/30/22 Net cash provided by (used for) operating activities $ 16.7 $ 17.3 $(0.6) $6.1 CapEx 5.0 2.3 10.3 5.3 Free cash flow (FCF) $ 11.7 $ 15.0 $(10.9) $0.8 (1)Capital expenditure guidance provided November 1, 2023. (2)See Supplemental Slides for the definition of free cash flow, free cash flow conversion reconciliation and other disclaimers regarding non-GAAP information. Second quarter cash from operations of $16.7 million • Working capital usage to improve over remainder of fiscal year FY24 CapEx expected to be $30 million to $40 million (1) • Investments enable factory simplification, productivity and lower cost center of excellence Expect FCF Conversion of Approximately 90% to 100% in FY24 ($ in millions)

© 2023 COLUMBUS MCKINNON CORPORATION 12 Capital Structure Net debt leverage ratio of ~2.7x(1) • Accelerating debt reduction and EBITDA growth Paid down $15 million in debt in Q2 FY24 • Now planning to pay down $50 million in FY24 Expect net leverage of ~2.3x by end of fiscal year Refinanced debt with montratec acquisition: Lower cost and improved flexibility • Increased Term Loan B by $75 million; matures May 2028 • Added ABL with accounts receivable that matures June 2026; up to $55 million capacity • ~65% of Term Loan B debt is currently hedged at 3-month SOFR swap rate of ~2.8% including credit spread adjustment Financial flexibility with $258 million of liquidity Current Capital Priorities are Focused on Organic Growth and Debt Reduction CAPITALIZATION September 30, 2023 March 31, 2023 Cash and cash equivalents $ 99.1 $ 133.2 Total debt 564.8 471.6 Total net debt 465.8 338.4 Shareholders’ equity 854.0 833.8 Total capitalization $ 1,418.8 $ 1,305.4 Debt/total capitalization 39.8% 36.1% Net debt/net total capitalization 35.3% 28.9% ($ in millions) Note: Components may not add to totals due to rounding (1)On a financial covenant basis per Amended and Restated Credit Agreement

© 2023 COLUMBUS MCKINNON CORPORATION 13 Orders and Backlog Support $1B Revenue Target Operational Improvements Enabled Backlog Conversion Orders and Backlog $222.1 $215.0 $246.0 $257.0 $226.5 0.96x 0.93x 0.97x 1.09x 0.88x Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Orders Book:Bill (1)Long term backlog is expected to ship beyond three months $161.2 $164.7 $142.0 $177.3 $148.3 $166.6 $164.4 $166.7 $178.0 $169.4 $327.8 $329.1 $308.7 $355.3 $317.7 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Long Term Backlog Short Term Backlog(1) ($ in millions) Order Levels Improving in Q3, Quotation Pipeline and Backlog Support Growth Plans for FY24 • Past due backlog reduced by 28% in Q2 • Backlog normalizing as lead times and deliveries improve • Levels in line with expectation to deliver $1B in revenue in FY24 • Orders up 2% y/y with solid demand in Americas • Precision Conveying up 11% and Lifting up 7% y/y • Short cycle up 11% while project orders were down 9% • Encouraged by project quotation and orders pipeline • Strength in aerospace, defense, life sciences and food & beverage

© 2023 COLUMBUS MCKINNON CORPORATION 14Executing Strategy to Scale the Enterprise and Deliver Top Tier Margin Performance Executing to Deliver Strategic Plan Growth Objectives (1) Revenue guidance provided November 1, 2023, based on current exchange rates Outlook is encouraging • Expect Q3 FY24 net sales of approximately $245 million to $255 million (1) and FY24 to surpass $1 billion in revenue • Now expect gross margin to expand approximately 150 bps in FY24 • Gaining traction with customer experience initiatives Precision conveying quote and order pipeline expanding • Strong global quotation activity • montratec performing to expectations Investing in innovation and new product offerings Steady progress with digital strategy and Product Line Simplification Demonstrating proof points of strategy and advancing toward FY27 targets

Q2 Fiscal Year 2024 Financial Results Conference Call President & Chief Executive Officer David J. Wilson November 1, 2023 Executive Vice President Finance & Chief Financial Officer Gregory P. Rustowicz

Supplemental Information

© 2023 COLUMBUS MCKINNON CORPORATION 17 Conference Call Playback Info Replay Number: 412-317-6671 passcode: 13741338 Telephone replay available through November 8, 2023 Webcast / PowerPoint / Replay available at investors.cmco.com Transcript, when available, at investors.cmco.com

© 2023 COLUMBUS MCKINNON CORPORATION 18 Adjusted Gross Profit Reconciliation 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 financial measures, 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. ($ in thousands) Quarter Six Months Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 H1 FY24 GAAP gross profit $ 86,310 $ 82,044 $ 91,218 $ 86,649 $ 99,976 $ 186,626 Add back (deduct): Business realignment costs — — — 196 — 196 Non-GAAP adjusted gross profit $ 86,310 $ 82,044 $ 91,218 $ 86,845 $ 99,976 $ 186,822 Net sales $ 231,740 $ 230,370 $ 253,843 $ 235,492 $ 258,400 $ 493,892 Gross margin – GAAP 37.2% 35.6% 35.9% 36.8% 38.7% 37.8% Adjusted gross margin – Non-GAAP 37.2% 35.6% 35.9% 36.9% 38.7% 37.8%

© 2023 COLUMBUS MCKINNON CORPORATION 19 Adjusted Gross Profit Reconciliation 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 financial measures, 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. ($ in thousands) Fiscal Year TTM 2019 2020 2021 2022 2023 Q2 FY24 GAAP gross profit $ 304,997 $ 283,186 $ 220,225 $ 315,730 $ 342,099 $ 359,887 Add back (deduct): Product liability settlement — — — 2,850 — — Acquisition amortization of backlog — — — 2,100 — — Acquisition inventory step-up expense — — — 5,042 — — Business realignment costs 286 1,037 830 1,606 — 196 Acquisition deal and integration costs — — — 521 — — Factory closures 1,473 2,800 2,671 — — — Insurance settlement — (382) — — — — Gain on sale of building — — (2,189) — — — Non-GAAP adjusted gross profit $ 306,756 $ 286,641 $ 221,537 $ 327,849 $ 342,099 $ 360,083 Net sales $ 876,282 $ 809,162 $ 649,642 $ 906,555 $ 936,240 $ 978,105 Add back: Acquisition amortization of backlog — — — 2,100 — — Non-GAAP net sales $ 876,282 $ 809,162 $ 649,642 $ 908,655 $ 936,240 $ 978,105 Gross margin – GAAP 34.8% 35.0% 33.9% 34.8% 36.5% 36.8% Adjusted gross margin – Non-GAAP 35.0% 35.4% 34.1% 36.1% 36.5% 36.8%

© 2023 COLUMBUS MCKINNON CORPORATION 20 Adjusted Income from Operations Reconciliation 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 financial measures, 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. ($ in thousands) Quarter Fiscal Year Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 2022 2023 GAAP income from operations $ 27,372 $ 20,179 $ 27,469 $ 21,448 $ 33,351 $ 73,781 $ 97,841 Add back (deduct): Acquisition deal and integration costs 19 338 173 2,587 508 10,473 616 Acquisition inventory step-up expense — — — — — 5,042 — Business realignment costs 1,233 1,401 848 375 40 3,902 5,140 Garvey contingent consideration — 1,230 — — — — 1,230 Product liability settlement — — — — — 2,850 — Headquarter relocation costs — 315 681 1,228 146 — 996 Acquisition amortization of backlog — — — — — 2,100 — North American warehouse consolidation — — — 117 82 — — Non-GAAP adjusted income from operations $ 28,624 $ 23,463 $ 29,171 $ 25,755 $ 34,127 $ 98,148 $ 105,823 Net sales $ 231,740 $ 230,370 $ 253,843 $ 235,492 $ 258,400 $ 906,555 $ 936,240 Add back: Acquisition amortization of backlog — — — — — 2,100 — Non-GAAP net sales $ 231,740 $ 230,370 $ 253,843 $ 235,492 $ 258,400 $ 908,655 $ 936,240 Operating margin – GAAP 11.8% 8.8% 10.8% 9.1% 12.9% 8.1% 10.5% Adjusted operating margin – Non-GAAP 12.4% 10.2% 11.5% 10.9% 13.2% 10.8% 11.3%

© 2023 COLUMBUS MCKINNON CORPORATION 21 Adjusted Net Income Reconciliation (1)Applies normalized tax rate of 25% (22% prior to Q1 FY24) to GAAP pre-tax income and non-GAAP adjustments above, which are each pre-tax. Adjusted net income and adjusted diluted EPS are defined as GAAP net income/(loss) and diluted EPS as reported, adjusted for certain items, including amortization of intangibles, and also adjusted for a normalized tax rate. Adjusted net income and adjusted 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 with the measures used by other companies. Nevertheless, Columbus McKinnon believes that providing non- GAAP financial measures, such as adjusted net income and adjusted 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/(loss) and diluted EPS to the historical periods' net income/(loss) and diluted EPS, as well as facilitates a more meaningful comparison of the Company’s net income/(loss) and diluted EPS to that of other companies. The Company believes that presenting adjusted diluted EPS provides a better understanding of its earnings power inclusive of adjusting for the non-cash amortization of intangible assets, reflecting the Company’s strategy to grow through acquisitions as well as organically. ($ in thousands, except per share data) Quarter Fiscal Year Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 2022 2023 GAAP net income $ 14,114 $ 12,029 $ 13,895 $ 9,275 $ 15,813 $ 29,660 $ 48,429 Add back (deduct): Amortization of intangibles 6,447 6,459 6,559 6,877 7,508 25,283 26,001 Cost of debt refinancing — — — — — 14,803 — Acquisition deal and integration costs 19 338 173 2,587 508 10,473 616 Acquisition inventory step-up expense — — — — — 5,042 — Business realignment costs 1,233 1,401 848 375 40 3,902 5,140 Product liability settlement — — — — — 2,850 — Garvey contingent consideration — 1,230 — — — — 1,230 Headquarter relocation costs — 315 681 1,228 146 — 996 Acquisition amortization of backlog — — — — — 2,100 — North American warehouse consolidation — — — 117 82 — — Normalize tax rate to 25%(1) (938) (1,123) 975 (2,569) (2,199) (13,852) 2,185 Non-GAAP adjusted net income $ 20,875 $ 20,649 $ 23,131 $ 17,890 $ 21,898 $ 80,261 $ 84,597 Average diluted shares outstanding 28,748 28,778 28,869 28,906 29,001 28,401 28,818 Diluted income per share – GAAP $ 0.49 $ 0.42 $ 0.48 $ 0.32 $ 0.55 $ 1.04 $ 1.68 Adjusted diluted income per share – Non-GAAP $ 0.73 $ 0.72 $ 0.80 $ 0.62 $ 0.76 $ 2.83 $ 2.94

© 2023 COLUMBUS MCKINNON CORPORATION 22 Adjusted EBITDA Reconciliation 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 financial measures, such as adjusted EBITDA, is important for investors and other readers of the Company’s financial statements. ($ in thousands) Quarter Fiscal Year TTM Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 2022 2023 Q2 FY24 GAAP net income $ 14,114 $ 12,029 $ 13,895 $ 9,275 $ 15,813 $ 29,660 $ 48,429 $ 51,012 Add back (deduct): Income tax expense (benefit) 4,953 4,701 7,499 3,394 5,100 8,786 26,046 20,694 Interest and debt expense 6,768 7,303 7,668 8,625 10,211 20,126 27,942 33,807 Investment (income) loss 312 (574) (483) (543) 88 (46) (315) (1,512) Foreign currency exchange (gain) loss 1,003 (3,359) (1,037) 483 1,746 1,574 (2,189) (2,167) Other (income) expense, net 222 79 (73) 214 393 (1,122) (2,072) 613 Depreciation and amortization expense 10,424 10,487 10,567 10,890 11,592 41,924 41,947 43,536 Cost of debt refinancing — — — — — 14,803 — — Acquisition deal and integration costs 19 338 173 2,587 508 10,473 616 3,606 Acquisition inventory step-up expense — — — — — 5,042 — — Product liability settlement — — — — — 2,850 — — Business realignment costs 1,233 1,401 848 375 40 3,902 5,140 2,664 Acquisition amortization of backlog — — — — — 2,100 — — North American warehouse consolidation — — — 117 82 — — 199 Garvey contingent consideration — 1,230 — — — — 1,230 1,230 Headquarter relocation costs — 315 681 1,228 146 — 996 2,370 Non-GAAP adjusted EBITDA $ 39,048 $ 33,950 $ 39,738 $ 36,645 $ 45,719 $ 140,072 $ 147,770 $ 156,052 Net sales $ 231,740 $ 230,370 $ 253,843 $ 235,492 $ 258,400 $ 906,555 $ 936,240 $ 978,105 Add back: Acquisition amortization of backlog — — — — — 2,100 — — Non-GAAP sales $ 231,740 $ 230,370 $ 253,843 $ 235,492 $ 258,400 $ 908,655 $ 936,240 $ 978,105 Net income margin – GAAP 6.1% 5.2% 5.5% 3.9% 6.1% 3.3% 5.2% 5.2% Adjusted EBITDA margin – Non-GAAP 16.8% 14.7% 15.7% 15.6% 17.7% 15.4% 15.8% 16.0%

© 2023 COLUMBUS MCKINNON CORPORATION 23 Return on Invested Capital (ROIC) Reconciliation ROIC is defined as adjusted income from operations, net of taxes at a 25% (22% prior to FY24) normalized rate, for the trailing four quarters divided by the average of debt plus equity less cash (average capital) for the trailing five quarters. ROIC 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 ROIC, is important for investors and other readers of the Company’s financial statements. ($ in thousands) Fiscal Year TTM 2022 2023 Q2 FY24 GAAP income from operations $ 73,781 $ 97,841 $ 102,447 Add back (deduct): Acquisition deal and integration costs 10,473 616 3,606 Acquisition inventory step-up expense 5,042 — — Product liability settlement 2,850 — — Acquisition amortization of backlog 2,100 — — Business realignment costs 3,902 5,140 2,664 Garvey contingent consideration — 1,230 1,230 Headquarter relocation costs — 996 2,370 North American warehouse consolidation — — 199 Non-GAAP adjusted income from operations $ 98,148 $ 105,823 $ 112,516 Non-GAAP adjusted income from operations, net of normalized tax rate of 25% (22% prior to FY24) $ 76,555 $ 82,542 $ 84,387 Trailing five quarter averages: Total debt 438,768 491,410 517,824 Total shareholders’ equity 701,640 795,410 826,004 Cash and cash equivalents 123,636 100,922 101,923 Net total capitalization $ 1,016,772 $ 1,185,898 $ 1,241,905 Return on invested capital (ROIC) – Non-GAAP 7.5% 7.0% 6.8%

© 2023 COLUMBUS MCKINNON CORPORATION Free Cash Flow (FCF) & FCF Conversion Reconciliation Free cash flow is defined as net cash provided by (used for) operating activities less capital expenditures. Free cash flow conversion is defined as free cash flow divided by net income. Free cash flow and free cash flow conversion are not measures determined in accordance with GAAP and may not be comparable with the measures as defined or used by other companies. Nevertheless, the Company believes that providing non-GAAP financial measures, such as free cash flow and free cash flow conversion, is important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current periods’ free cash f low to free cash flow for historical periods. 24 ($ in thousands) Fiscal Year TTM 2022 2023 Q2 FY24 Cash from operations $ 48,881 $ 83,636 $ 76,929 Capital expenditures (13,104) (12,632) (17,663) Free cash flow (FCF) $ 35,777 $ 71,004 $ 59,266 GAAP net income $ 29,660 $ 48,429 $ 51,012 Free cash flow conversion 121% 147% 116%

© 2023 COLUMBUS MCKINNON CORPORATION 25 U.S. Capacity Utilization Eurozone Capacity Utilization Industrial Capacity Utilization Source: The Federal Reserve Board Source: European Commission 60% 65% 70% 75% 80% Manufacturing Total 77.8% (Manufacturing) 79.7% (Total) September 2023(1) 65% 67% 69% 71% 73% 75% 77% 79% 81% 83% 85% 80.2% Q3 2023 (1) Numbers are preliminary

© 2023 COLUMBUS MCKINNON CORPORATION 26 ISM Production Index Source: Institute for Supply Chain Management 25% 30% 35% 40% 45% 50% 55% 60% 65% 70% 52.5% September 2023

© 2023 COLUMBUS MCKINNON CORPORATION 27 Advancing Along our Transformation Path Executing Strategic Plan to Transform the Portfolio to Higher Growth, Technology-Driven Platforms REVENUE GROWTH RATE EBITDA MARGIN FY21 Lifting Solutions Specialty Conveying Linear Motion Automation FY23 Pro-forma1 FUTURE Lifting Solutions 59% Specialty Conveying 18% Linear Motion 9% Automation 14% Lifting Solutions Linear Motion & Automation (1) Pro forma including 10 months of montratec acquired at end of the month of May 2023 Targeting $1.5 Billion In Revenue and ~21% EBITDA Margin in FY2027

© 2023 COLUMBUS MCKINNON CORPORATION 28 Unlocking CMCO’s Potential Business System and Core Growth Framework to Transform CMCO Framework to Deliver Differentiated Growth, Financial Performance and Shareholder Value GROWTH FRAMEWORKCMBS TRANSFORMATION

Q2 Fiscal Year 2024 Financial Results Conference Call President & Chief Executive Officer David J. Wilson November 1, 2023 Executive Vice President Finance & Chief Financial Officer Gregory P. Rustowicz

XML

Document and Entity Information Document	Nov. 01, 2023
Document Information [Line Items]
Entity Emerging Growth Company	false
Pre-commencement Issuer Tender Offer	false
Pre-commencement Tender Offer	false
Soliciting Material	false
Written Communications	false
Title of 12(b) Security	Common Stock, $0.01 par value per share
Entity Address, Address Line One	13320 Ballantyne Corporate Place, Suite D
Entity File Number	001-34362
Document Type	8-K
Document Period End Date	Nov. 01, 2023
Entity Registrant Name	Columbus McKinnon Corporation
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	16-0547600
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28277
City Area Code	716
Local Phone Number	689-5400
Trading Symbol	CMCO
Security Exchange Name	NASDAQ
Entity Central Index Key	0001005229
Amendment Flag	false