CMCO News & Events

Columbus McKinnon announced that, given the recently completed Kito Crosby acquisition and the pending divestiture of its U.S. power chain hoist and chain operations, the company is withdrawing Columbus McKinnon standalone FY26 guidance due to a higher degree of uncertainty in expected results for 4Q26 resulting from the timing of the pending divestiture, regulatory limitations on information sharing with or from Kito Crosby prior to closing and the integration of financial processes within Kito Crosby. The company will provide an updated financial outlook and issue financial guidance for FY27 in conjunction with 4Q26 earnings in late May 2026. Certain transaction-related expenses, purchase accounting adjustments and early integration costs will be incurred in 4Q26. The impact of these costs as well as higher interest expense are expected to be dilutive to GAAP EPS in 4Q26. Following the closing of the transactions, the company's primary allocation of capital is expected to be debt reduction. Expects significant cashflow generation from the combined business leading to a Net Leverage Ratio5 below 4.0x by the end of FY28.

Reports Q3 revenue $258.7M, consensus $245.67M. "Our team delivered double-digit sales, order and EPS growth in the quarter, ahead of our expectations as we executed on commercial initiatives and continued to benefit from U.S. demand stabilization," said CEO David Wilson. "While I am encouraged by our active, global funnel of opportunities, we remain cautious on the macroeconomic environment in EMEA where order conversion rates have remained slow." "Having now closed on the acquisition of Kito Crosby, we are well positioned to deliver for our customers and shareholders as we begin executing on value creation initiatives," continued Wilson. "I have never been more excited about the opportunities that lie ahead for Columbus McKinnon. In combination with Kito Crosby, we will provide the market with a superior customer value proposition by bringing together the best of our collective talent and capabilities. Our new Executive Leadership Team brings together leaders with deep expertise across our brands and applications with a customer-centricity that will ensure business continuity while we remain laser-focused on synergy realization and debt reduction to unlock value for all stakeholders."