Columbus McKinnon reports order growth of 20% for FY 26
Columbus McKinnon Corporation, a designer, manufacturer, and marketer of intelligent motion solutions for material handling, announced record orders of $1.2 billion for its fiscal year 2026, an increase of 20% attributed to the company's Kito Crosby acquisition.
Fourth Quarter Fiscal 2026 Highlights (compared with prior year period)
- Closed the transformational Kito Crosby acquisition and divestiture
- Orders of $442.8 million increased 68% primarily due to the impact of the Kito Crosby acquisition; backlog of $519.6 million with legacy CMCO3 backlog of $319.7 million and including $199.9 million from Kito Crosby
- Net sales of $437.8 million increased 77% primarily due to the impact of the Kito Crosby Acquisition with a 7% increase in legacy CMCO net sales
- Net loss attributable to the company of $238 million with a net loss margin of 54.4% includes a non-cash goodwill impairment of $200.0 million resulting from the Company's sustained stock price decline, $36.8 million of inventory step-up amortization expense as well as $68.1 million of deal-related costs, partially offset by a gain on the Divestiture2 of $103.3 million5
Fiscal Year 2026 Highlights (compared with prior year period)
- Net sales of $1.2 billion increased 24% primarily due to the Kito Crosby acquisition with a 7% increase in legacy CMCO net sales
- Net loss attributable to the Company of $230 million with a net loss margin of 19.2% resulting from the same items highlighted with respect to the quarter plus an additional $24.4 million of deal-related costs incurred earlier in the fiscal year5
"Fiscal 2026 was a defining year marked by meaningful strategic progress and disciplined execution across our operational, commercial, and customer experience priorities," said President and Chief Executive Officer David J. Wilson. "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," he continued. "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."
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