newsfilter
← Latest News
PR Newswire·

Columbus McKinnon Delivers Order Growth of 20% and Net Sales Growth of 24% in FY26; Issues FY27 Guidance

CMCO
  • Columbus McKinnon Corporation reported fourth quarter fiscal 2026 results ending March 31, 2026, following the closure of the Kito Crosby Acquisition and the related U.S. power chain hoist divestiture.
  • Fourth quarter net sales reached $437.8 million, a 77% increase year-over-year, driven primarily by the acquisition, with legacy CMCO sales growing 7%.
  • Fiscal 2026 full-year net sales totaled $1.2 billion, a 24% increase, while fourth quarter orders rose 68% to $442.8 million.
  • The company recorded a net loss of $238 million for the quarter, including a $200 million non-cash goodwill impairment due to stock price decline, $36.8 million in inventory step-up amortization, and $68.1 million in deal-related costs, partially offset by a $103.3 million gain on the divestiture.
  • Adjusted EBITDA for the fourth quarter was $68.7 million, representing a 15.7% margin, an increase of 130 basis points year-over-year.
  • Fiscal 2026 full-year net loss was $230 million with an adjusted EBITDA of $181.4 million and an adjusted EBITDA margin of 15.2%.
  • GAAP loss per common share was $5.78 for the quarter and $7.40 for the fiscal year, while adjusted EPS was $0.24 for the quarter and $1.87 for the year.
  • The company ended the fiscal year with total liquidity of $561.2 million, consisting of $96.6 million in cash and cash equivalents, and a credit agreement net leverage ratio of 5.1x.
  • Free cash flow for the fiscal year was a use of $164.1 million, which increased to a positive $68.0 million when excluding deal costs related to the Kito Crosby Acquisition and divestiture.
  • Fiscal 2027 guidance projects net sales between $2.05 billion and $2.12 billion, adjusted EBITDA between $390 million and $410 million, and adjusted EPS between $1.70 and $1.90.
  • The 2027 guidance assumes approximately 52 million adjusted diluted shares outstanding due to the expectation that preferred share dividends will be accrued rather than paid in cash.
  • Columbus McKinnon remains committed to paying down debt to deleverage its balance sheet while maintaining its consistent dividend payment track record.