June 5, 2026

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Columbus McKinnon Corporation (NASDAQ: CMCO) reported fourth-quarter fiscal 2026 results with a sharp revenue increase, stronger adjusted EBITDA margin, and higher orders, but adjusted earnings missed expectations.
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Columbus McKinnon provides material handling products, motion control systems, hoists, cranes, lifting tools, rigging equipment, and automation solutions for industrial customers.
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The company reported adjusted EPS of $0.24, below estimates of $0.27, representing a negative 11.1% earnings surprise. Revenue came in at $437.83 million, above estimates of $414.50 million, with revenue growth of 77.3%.

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Results Showed Acquisition-Driven Growth

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Revenue increased to $437.8 million from $246.9 million in the prior-year period, driven mainly by the Kito Crosby acquisition, which closed on February 3, 2026.
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Adjusted EBITDA reached $68.7 million, with adjusted EBITDA margin improving to 15.7%, up 130 basis points from the prior year. Orders increased 68% to $442.8 million, while backlog reached $519.6 million.
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The earnings miss likely reflected acquisition-related costs, integration expenses, leverage, and margin pressure. Columbus McKinnon ended the year with a credit agreement net leverage ratio of 5.1x and total liquidity of $561.2 million.

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Guidance

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For fiscal 2027, Columbus McKinnon expects adjusted EPS of $1.70 to $1.90.
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Revenue is expected to range from $2.05 billion to $2.12 billion, with the midpoint slightly above analyst expectations. Management said fiscal 2026 was a defining year, highlighted by the Kito Crosby acquisition and the creation of a combined organization.

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The Bigger Picture

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Columbus McKinnon’s quarter was mixed.
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The company missed earnings expectations, but the market likely focused on the stronger revenue beat, large order growth, improved adjusted EBITDA margin, and the expanded scale from Kito Crosby. The key question is whether the company can turn acquisition-driven growth into stronger earnings while reducing leverage.
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