Recent Updates — CMCO
Columbus McKinnon reported first-quarter fiscal 2027 net sales of $531.5 million, a 125% year-over-year increase driven by its February 2026 acquisition of Kito Crosby Limited and organic growth at Legacy CMCO. Orders reached $568.1 million with a book-to-bill ratio of 1.1x. The company reported a GAAP net loss of $88.7 million, or $2.05 per diluted share, due to $70.3 million in acquisition and integration expenses, including $55.2 million for inventory step-up amortization. Adjusted net income was $30.5 million, or $0.61 per adjusted diluted share. Management raised full-year fiscal 2027 guidance, projecting net sales of $2.09 billion to $2.15 billion and adjusted EPS of $1.90 to $2.10. Columbus McKinnon operates in the intelligent motion solutions industry, providing lifting hardware, hoists, cranes, conveyance systems, and automation equipment.
Columbus McKinnon Corporation declared a regular quarterly dividend of $0.07 per common share, payable on or about August 17, 2026, to shareholders of record as of August 7, 2026. The company operates in the intelligent motion solutions industry for material handling.
Columbus McKinnon Corporation announced the separation of Gregory P. Rustowicz from his role as Executive Vice President of Finance and Chief Financial Officer, effective July 1, 2026. The company appointed John R. Linker as the new Executive Vice President and Chief Financial Officer, effective July 1, 2026, with an annual base salary of $600,000 and target bonus opportunities. Thomas Oddo was promoted to Chief Accounting Officer, principal accounting officer, and interim principal financial officer. Columbus McKinnon Corporation is a manufacturer of material handling equipment and related components.
Columbus McKinnon Corporation has filed an 8-K to provide the historical financial statements of Kito Crosby Limited, following its acquisition of the company on February 3, 2026. The filing includes audited consolidated financial statements for the years ended December 31, 2025, and December 31, 2024, along with the auditor's consent.