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Columbus McKinnon posts revenue growth following Kito Crosby integration
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Columbus McKinnon posts revenue growth following Kito Crosby integration

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Columbus McKinnon (NASDAQ:CMCO) reported its financial results for the fourth quarter and full fiscal year 2026 today, highlighting the substantial impact of its recent Kito Crosby acquisition.

The company’s annual performance was characterized by a sharp rise in top-line growth, alongside non-recurring charges that impacted its reported earnings.

For fiscal year 2026, Columbus McKinnon achieved net sales of $1.2 billion, a 24% increase compared to the prior year.

Orders for the same period climbed 20% to $1.2 billion.

The fourth quarter showed even more aggressive expansion, with net sales surging 77% to $437.8 million.

The company's bottom-line results were heavily influenced by one-time factors.

For the full fiscal year, Columbus McKinnon reported a net loss of $230 million, a figure largely attributable to a $200 million goodwill impairment charge and significant costs associated with the integration of Kito Crosby.

Despite these headline losses, the company’s underlying operating performance remained steady; adjusted EBITDA for the year reached $181.4 million, representing a 15.2% margin.

This trend continued in the fourth quarter, which saw an adjusted EBITDA of $68.7 million, or a 15.7% margin, even as the quarterly net loss reached $238.1 million.

Looking ahead to fiscal 2027, management provided an optimistic outlook, signaling confidence in the continued realization of synergies from the Kito Crosby acquisition and the company’s broader strategic initiatives.

Columbus McKinnon issued guidance for fiscal 2027 targeting net sales between $2.05 billion and $2.12 billion, adjusted EBITDA in the range of $390 million to $410 million, and adjusted EPS of $1.70 to $1.90

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