Key Highlights

  • CMCO shares rose 15.74% pre-market to $18.24 after fiscal second-quarter results.
  • Net sales rose 107% to $539.3 million on the Kito Crosby acquisition.
  • Fiscal 2027 net sales outlook raised to $2.13 billion to $2.17 billion.

Columbus McKinnon (NASDAQ:CMCO) shares rose 15.74% to $18.24 in pre-market today, up $2.48 from the prior close of $15.76, which followed a 5.28% gain on Monday. The company reported fiscal 2027 second-quarter results for the period ended September 30, 2026. Net sales were $539.3 million, up 107% from $261.0 million, and orders were $562.6 million, up 122%, for a book-to-bill ratio of 1.0x. Both were driven by the Kito Crosby acquisition, which closed on February 3, 2026.

Columbus McKinnon, founded in 1875 and headquartered in Charlotte, North Carolina, designs, manufactures and markets intelligent motion solutions for material handling, sold under brands including CM, Yale, Kito, Magnetek and STAHL CraneSystems. It has about 7,300 employees and sells through distributors, integrators, OEMs and EPC firms.

Kito Crosby Drives Sales and Orders While Legacy CMCO Grows 5.3%

U.S. sales were $292.0 million, up 98.0%, and non-U.S. sales were $247.3 million, up 117.9%. Legacy CMCO net sales grew 5.3%, benefiting from both pricing and volume. Chief Executive Officer David Wilson said sequential Revenue growth was supported by sustained strength in the Americas and stronger-than-anticipated Demand in Asia and EMEA, and that Kito Crosby synergy realization is ahead of plan.

Gross profit was $187.9 million, compared with $90.2 million, and gross Margin was 34.8%, compared with 34.5%. Adjusted EBITDA was $111.2 million, for a margin of 20.6%, up 520 basis points. The company reported a net loss of $25.5 million, or $0.76 per diluted share, which reflects $12.5 million of Acquisition and integration expenses. Adjusted Net Income was $31.1 million, up 74%, and adjusted EPS was $0.61, compared with $0.62, which the company attributed largely to a higher share count and increased interest expense.

Balance Sheet Detail and the Raised Fiscal 2027 Guidance

The Credit Agreement Net Leverage Ratio was 4.9x and total Liquidity was $532.0 million, made up of $110.9 million of cash and $421.1 million available under the revolving credit facility. Year-to-date Operating Cash Flow was $21.1 million, capital expenditures were $16.5 million and free cash flow was $4.6 million, after $24.3 million of Kito Crosby-related cash costs. The company said it remains committed to paying down Debt while continuing its record of Dividend payments.

For fiscal 2027, ending March 31, 2027, Columbus McKinnon now expects net sales of $2.13 billion to $2.17 billion, compared with $2.09 billion to $2.15 billion before. Adjusted EBITDA is expected at $425 million to $440 million, compared with $405 million to $420 million, and adjusted EPS at $2.00 to $2.15, compared with $1.90 to $2.10. Adjusted diluted shares outstanding are expected at 52 million. The stock has a Dividend Yield of 1.78%, a forward price-to-earnings ratio of 7.07 and a 52-week range of $11.99 to $24.40.

Integration Synergies and Debt Paydown Are the Next Checkpoints

Columbus McKinnon reported higher sales, orders and Adjusted EBITDA alongside a GAAP net loss tied to acquisition costs and a leverage ratio of 4.9x. The next items to follow are the conference call today, the second-half fiscal 2027 delivery against the raised outlook and progress on Kito Crosby integration and debt reduction.