COLUMBUS MCKINNON CORP — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Columbus McKinnon (CMCO, $412M market cap) reported Q2 FY27 net sales of $539.3M (+107% YoY, driven by Kito Crosby acquisition closed Feb 3, 2026), with orders of $562.6M (+122% YoY) and book-to-bill of 1.0x. Despite GAAP net loss of $25.5M ($0.76/share), Adjusted EBITDA reached $111.2M (20.6% margin, +520 bps). Company raised full-year FY27 guidance: net sales to $2.13-2.17B (prior $2.09-2.15B), Adjusted EBITDA to $425-440M (prior $405-420M), and Adjusted EPS to $2.00-2.15 (prior $1.90-2.10). Credit leverage improved to 4.9x (from 5.1x). Legacy CMCO organic growth was +5.3%. Year-to-date FCF of $4.6M generated; Kito integration costs of $24.3M incurred YTD.
Why this rating
Guidance raise and integration progress are real positives; Kito acquisition ($300M+ sales) is ~60% of total now. However, high leverage (4.9x), GAAP loss, and $200M goodwill impairment signal integration execution risks. Moderate significance for $412M company.
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