CMCO Reports Record $1.2 Billion in Sales

By Chris Stiles • Thursday, June 04 15:00 • Permanent Link

Columbus McKinnon reported a sharp jump in fiscal 2026 top-line results after closing its Kito Crosby acquisition, with orders rising 20% to a record $1.2 billion and net sales increasing 24% to $1.2 billion.

In the fourth quarter, orders climbed 68% to $442.8 million from the prior-year period, while net sales surged 77% to $437.8 million from $246.9 million. U.S. sales rose 68% to $234.3 million, and non-U.S. sales increased 89% to $203.5 million.

The company ended the quarter with backlog of $519.6 million, including $319.7 million from legacy Columbus McKinnon and $199.9 million from Kito Crosby.

Fourth-quarter gross profit increased to $102.9 million from $79.8 million, but gross margin fell to 23.5% from 32.3%. Adjusted gross profit rose to $143.1 million from $87.0 million, though adjusted gross margin narrowed to 32.7% from 35.2%.

Adjusted EBITDA nearly doubled in the quarter, climbing 93% to $68.7 million from $35.6 million, and adjusted EBITDA margin widened to 15.7% from 14.4%.

The company posted a fourth-quarter net loss attributable to shareholders of $238.1 million, compared with a $2.7 million loss a year earlier. Loss per share was $5.78, versus 9 cents in the prior-year quarter. Adjusted EPS fell to 24 cents from 60 cents.

For the full year, Columbus McKinnon reported a net loss attributable to the company of $230 million, compared with a profit in the prior year period, while adjusted EBITDA increased to $181.4 million and adjusted EBITDA margin was 15.2%.

Cash flow was pressured during the year: net cash used in operating activities was $146.2 million, capital expenditures were $17.9 million, and free cash flow was a use of $164.1 million. Excluding deal-related cash payments of $232.1 million, free cash flow was $68.0 million, up 171% from the prior fiscal year on a comparable basis.

At year-end, Columbus McKinnon had $561.2 million of total liquidity, including $96.6 million of cash. Net leverage stood at 5.1x.

For fiscal 2027, the company guided to net sales of $2.05 billion to $2.12 billion, adjusted EBITDA of $390 million to $410 million, and adjusted EPS of $1.70 to $1.90. Today the company's shares have moved -9.74% to a price of $14.00. For the full picture, make sure to review COLUMBUS MCKINNON CORP's 8-K report.

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