Columbus McKinnon sees record orders and sales in fiscal Q1
Columbus McKinnon Corp. (CMCO) announced it delivered net sales growth of 125% and order growth of 120% year over year, both driven by the acquisition of Kito Crosby Limited, which closed Feb. 3, with strong performance across the Legacy CMCO1 and Kito Crosby platforms.
"Our team delivered solid results in our first full quarter as a combined company, while also continuing to progress the integration and realize synergies," said President and CEO David J. Wilson. "I am pleased with the strong start to the year, including substantial orders growth supported by robust U.S. short-cycle demand, increasing our confidence in the year ahead."
First Quarter Fiscal 2027 Highlights (compared with prior-year period, except where otherwise noted)
- Net sales of $531.5 million increased 125%
- Orders of $568.1 million increased 120%; Book to Bill of 1.1x
- Net loss attributable to the Company of $88.7 million, or $2.05 per diluted share included $70.3 million of acquisition and integration related expenses
- Adjusted Net Income2 of $30.5 million increased 114% and Adjusted EPS2,3 of $0.61 increased 22%
"Disciplined execution in the first quarter led to significant margin expansion, which included the accretive impact of the Kito Crosby Acquisition, synergy realization and benefits to material costs that were specific to the quarter," continued Wilson. "I remain confident in our ability to create shareholder value as we drive organic growth, improve margins, deliver free cash flow, and de-lever the balance sheet."
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