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

CHARLOTTE, N.C., June 4, 2026 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced its fourth quarter and full year fiscal 2026 financial results, which ended March 31, 2026.  

Fourth Quarter Fiscal 2026 Highlights (compared with prior year period)

Fiscal Year 2026 Highlights (compared with prior year period)

"Fiscal 2026 was a defining year marked by meaningful strategic progress and disciplined execution across our operational, commercial, and customer experience priorities," said David J. Wilson, President and Chief Executive Officer. "We completed the Kito Crosby Acquisition and immediately established a blended organization that brought together the strengths, capabilities, and cultures of both companies. Importantly, we are making solid integration progress and our teams are executing with urgency and discipline – capturing synergies, aligning systems and processes, and building a unified operating model that is accelerating value creation. The combination is already enhancing scale, expanding global reach, and strengthening our ability to serve customers with differentiated solutions."

"While our fourth quarter performance was impacted amid a challenging macroeconomic and geopolitical environment, we enter fiscal 2027 with momentum and multiple avenues for growth and margin expansion," continued Wilson. "As we look ahead, we are encouraged by our growth and margin expansion prospects for Fiscal Year 2027, supported by encouraging demand trends, continued operational improvement and the benefits of our integration and portfolio actions. We remain focused on driving profitable growth, advancing our strategy, accelerating debt repayment and delivering compelling returns for our shareholders."

Fourth Quarter Fiscal 2026 Sales

Fourth Quarter Fiscal 2026 Operating Results

($ in millions)

Capital, Liquidity and Cash Flow

The Company ended the fiscal year with a Credit Agreement Net Leverage Ratio⁴ of 5.1x and total liquidity of $561.2 million consisting of $96.6 million of cash and cash equivalents, $458.9 million of availability on the Company's revolving credit facility and $5.7 million of availability on the Company's AR securitization facility.

Net cash used for operating activities for the fiscal year was $146.2 million and capital expenditures were $17.9 million resulting in a Free Cash Flow⁴ use of $164.1 million. Adjusting for $204.9 million of Kito Crosby Acquisition related cash payments and $27.2 million of Divestiture-related cash payments, Free Cash Flow Excluding Deal Costs⁴ was $68.0 million. Free Cash Flow Excluding Deal Costs⁴ increased 171% from the prior fiscal year on a comparable basis.

The Company remains committed to allocating capital to pay down debt to deleverage its balance sheet in the near term while continuing its track record of consistent dividend payment. Over time, the Company believes it will be positioned to utilize its expected significant Free Cash Flow generation to advance its Intelligent Motion strategy across the fragmented marketplace.

Fiscal Year 2027 Guidance

The Company's outlook for fiscal 2027 reflects both the Kito Crosby Acquisition and the Divestiture.

The Company is issuing the following guidance for fiscal 2027, ending March 31, 2027:

Metric

Fiscal 2027 guidance assumes approximately:

Teleconference and Webcast

Columbus McKinnon will host a conference call today at 10:00 A.M. Eastern Time to discuss the Company's financial results and strategy. The conference call, earnings release and earnings presentation will be accessible through live webcast on the Company's investor relations website at investors.cmco.com. A replay of the webcast will also be archived on the Company's investor relations website through June 18, 2026.

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, lifting hardware and securement, 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 forward-looking statements are generally identified by the use of forward-looking terminology, including the terms "anticipate," "believe," "continue," "could," "estimate," "expect," "illustrative," "intend," "likely," "may," "opportunity," "plan," "possible," "potential," "predict," "project," "shall," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. All statements other than statements of historical facts contained in this release, including, but are not limited to, statements relating to: (i) our strategy, outlook and growth prospects, including the Company's full year fiscal 2027 guidance, consisting of net sales, Adjusted EBITDA and Adjusted EPS for fiscal 2027, as well as the associated assumed inputs for fiscal 2027 regarding interest expense, amortization expense, depreciation expense, effective tax rate and Adjusted Diluted Shares Outstanding; (ii) our operational and financial targets and capital distribution policy, including regarding our expectation that the dividends payable on the Preferred Shares will be accrued, accumulated and compounded, rather than being paid in cash, during fiscal 2027; (iii) general economic trend and trends in the industry and markets; (iv) our ability to successfully integrate the Kito Crosby Acquisition and achieve targeted net cost synergies; (v) our ability to expand margins in future periods; and (vi) the competitive environment in which we operate are forward looking statements. Forward-looking statements are not based on historical facts but instead represent our current expectations and assumptions regarding our business, the economy and other future conditions, and involve known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2025 as well as in our other filings with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date they are made. Columbus McKinnon undertakes no duty to update publicly any such forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.

Contacts:

Financial tables follow.

Condensed Consolidated Income Statements - Unaudited

(In thousands, except per share and percentage data)

COLUMBUS McKINNON CORPORATION

Condensed Consolidated Income Statements - Unaudited

(In thousands, except per share and percentage data)

COLUMBUS McKINNON CORPORATION

Condensed Consolidated Balance Sheets - Unaudited

(In thousands)

Condensed Consolidated Statements of Cash Flows - Unaudited

(In thousands)

Q4 FY 2026 Sales Bridge

COLUMBUS McKINNON CORPORATION

Q4 FY 2026 Gross Profit Bridge

Additional Data¹

(Unaudited)

NON-GAAP FINANCIAL MEASURES

The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this earnings release to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The Company has provided this non-GAAP financial information, which is not calculated or presented in accordance with GAAP, as information supplemental and in addition to the financial measures presented in this earnings release that are calculated and presented in accordance with GAAP. Such non-GAAP financial measures should not be considered superior to, as a substitute for or alternative to, and should be considered in conjunction with, the GAAP financial measures presented in this earnings release. The non-GAAP financial measures in this earnings release may differ from similarly titled measures used by other companies.

Reconciliation of Gross Profit to Adjusted Gross Profit

($ in thousands)

March 31,

March 31,

Adjusted Gross Profit is defined as gross profit as reported, adjusted for certain items. Adjusted Gross Margin is defined as Adjusted Gross Profit divided by net sales. Adjusted Gross Profit and Adjusted Gross Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted Gross Profit and Adjusted Gross Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted Gross Profit and Adjusted Gross Margin, are 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 and gross margin to the historical periods' gross profit, as well as facilitates a more meaningful comparison of the Company's gross profit and gross margin to that of other companies.

Reconciliation of Net Loss and GAAP Loss Per Common Share

to Adjusted Net Income and Adjusted EPS

($ in thousands, except per share data)

March 31,

March 31,

Adjusted Net Income and Adjusted EPS are defined as net income (loss) attributable to the Company and GAAP Loss Per Common Share as reported, adjusted for certain items, including amortization of intangibles, and also adjusted for a normalized tax rate. Adjusted Diluted Shares Outstanding is defined as GAAP average diluted shares outstanding adjusted for the effects of dilutive preferred shares and dilutive share-based awards. Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted EPS are not measures determined in accordance with 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, Adjusted Diluted Shares Outstanding and Adjusted EPS, are important for investors and other readers of the Company's financial statements and assists in understanding the comparison of the current periods' net income (loss), average diluted shares outstanding and GAAP (Loss) Earnings Per Common Share to the historical periods' net income (loss), average diluted shares outstanding and GAAP (Loss) Earnings Per Common Share, as well as facilitates a more meaningful comparison of the Company's net income (loss) attributable to the Company and GAAP Loss Per Common Share to that of other companies. The Company believes that presenting Adjusted Net Income, Adjusted Diluted Shares Outstanding and Adjusted 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.

Reconciliation of Net Loss attributable to the Company to Adjusted EBITDA

($ in thousands)

March 31,

March 31,

Adjusted EBITDA is defined as net income (loss) attributable to the Company before interest expense, income taxes, depreciation, amortization, and other adjustments, including stock-based compensation. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by net sales. Adjusted EBITDA and Adjusted EBITDA Margin are not measures determined in accordance with GAAP and may not be comparable with Adjusted EBITDA and Adjusted EBITDA Margin as used by other companies. Nevertheless, Columbus McKinnon believes that providing non-GAAP financial measures, such as Adjusted EBITDA and Adjusted EBITDA Margin, are important for investors and other readers of the Company's financial statements.

Reconciliation of Net cash provided by (used for) operating activities to Free Cash Flow and

Free Cash Flow Excluding Deal Costs

($ in thousands, except growth percentages)

March 31,

March 31,

Free Cash Flow is defined as GAAP net cash provided by (used for) operating activities less capital expenditures included in the investing activities section of the consolidated statement of cash flows. Free Cash Flow Excluding Deal Costs is defined as Free Cash Flow less cash payments related to transaction, financing and integration activities for the Kito Crosby Acquisition and the Divestiture captured in the operating activities section of the consolidated statement of cash flows. Free Cash Flow and Free Cash Flow Excluding Deal Costs are not measures determined in accordance with GAAP and may not be comparable with 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 Excluding Deal Costs, is important for investors and other readers of the Company's financial statements and assist in understanding of the comparison of the current period Free Cash Flow and Free Cash Flow Excluding Deal Costs to that of historical periods.

Reconciliation of Net Sales to Legacy CMCO Net Sales and

Net Sales Growth to Legacy CMCO Net Sales Growth

($ in thousands, except growth percentages)

March 31,

March 31,

COLUMBUS McKINNON CORPORATION

Reconciliation of Credit Agreement Net Leverage Ratio

($ in thousands)

Credit Agreement Net Debt is defined in the Company's Credit Agreement as total debt plus standby letters of credit, net of cash and cash equivalents and AR securitization facility obligations. Credit Agreement Net Leverage Ratio is defined as Credit Agreement Net Debt divided by the Credit Agreement Trailing Twelve Month Adjusted EBITDA. Credit Agreement Trailing Twelve Month Adjusted EBITDA is defined in the Company's Credit Agreement as net income adjusted for interest expense, income taxes, depreciation, amortization, and other adjustments. Credit Agreement Net Debt, Credit Agreement Net Leverage Ratio and Credit Agreement Trailing Twelve Month Adjusted EBITDA are not measures determined in accordance with GAAP and may not be comparable with the measures as used by other companies. Nevertheless, the Company believes that providing non-GAAP financial measures, such as Credit Agreement Net Debt, Credit Agreement Net Leverage Ratio and Credit Agreement Trailing Twelve Month Adjusted EBITDA are important for investors and other readers of the Company's financial statements.

Non-GAAP Reconciliation Tables Footnotes

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SOURCE Columbus McKinnon Corporation