CMCO COLUMBUS MCKINNON CORP
Price Chart
Executive Summary
Columbus McKinnon reported Q4 FY26 results with GAAP net loss of $238M ($5.78/share) including a $200M non-cash goodwill impairment and $68M in deal costs, while Adjusted EBITDA rose 93% to $68.7M on 77% revenue growth from the Kito Crosby acquisition. The company issued FY27 guidance of $2.05B-$2.12B revenue and $1.70-$1.90 Adjusted EPS, implying a significant step-change in scale but with elevated leverage at 5.1x and massive GAAP losses.
Key Financial Metrics
Actionable Insight
The FY27 guidance implies a massive revenue step-up to ~$2.1B from $1.19B in FY26, but the 5.1x leverage and $185-190M interest expense burden will pressure free cash flow. Watch for debt reduction progress toward the 4.0x target by FY28 and whether the Kito Crosby integration delivers the $70.6M annual synergies assumed in the Credit Agreement EBITDA calculation.
Key Facts
- Q4 FY26 GAAP net loss of $238.2M ($5.78/share) includes $200M goodwill impairment, $36.8M inventory step-up, and $68.1M deal costs, partially offset by $103.3M divestiture gain
- Adjusted EPS of $0.24, down 60% YoY from $0.60, driven by 13.7M diluted share count from preferred conversion and higher interest expense
- FY27 guidance: revenue $2.05B-$2.12B, Adjusted EBITDA $390M-$410M, Adjusted EPS $1.70-$1.90
- Credit Agreement Net Leverage Ratio of 5.1x at year-end; Free Cash Flow Excluding Deal Costs of $68M, up 171% YoY
- Legacy CMCO net sales grew 7.3% in Q4 and 6.6% for FY26, indicating organic growth despite macro headwinds
Financial Impact
GAAP net loss of $238M in Q4 vs $2.7M loss a year ago; Adjusted EBITDA of $68.7M vs $35.6M; FY27 guidance implies ~$400M midpoint Adjusted EBITDA on ~$2.085B revenue
Risk Factors
- Credit Agreement Net Leverage of 5.1x leaves limited balance sheet flexibility if macro conditions deteriorate
- FY27 Adjusted EPS guidance of $1.70-$1.90 implies ~52M diluted shares, a 62% increase from FY26's 32.3M due to preferred share conversion, heavily diluting common holders
- GAAP net loss of $229.5M for FY26 with negative operating cash flow of $146.2M raises going-concern questions despite non-GAAP adjustments
- Tariff impacts and unfavorable product mix cited as headwinds to Adjusted EBITDA margins
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001005229-26-000017 |
| Document: cmcoq4financialresultssl.htm | 0001005229-26-000017 |
| Document: cmco-20260604.htm | 0001005229-26-000017 |
| Document: 0001005229-26-000017-index-headers.html | 0001005229-26-000017 |
| Document: 0001005229-26-000017-index.html | 0001005229-26-000017 |
| Document: 0001005229-26-000017.txt | 0001005229-26-000017 |
| 8-K Data (Synthetic) | 0001005229-26-000017 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 10, 2026
4d ago
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8-K
| $12.70 awaiting T+1 | awaiting T+1 | — | $13.83 (+8.90%) |
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Jun 8, 2026
6d ago
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8-K
| $12.88 awaiting T+1 | awaiting T+1 | — | $13.83 (+7.38%) |
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Jun 4, 2026
10d ago
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8-K
| $14.08 $12.88 | ▼ −8.52% | ▼ −5.92% | $13.83 (−1.78%) |
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Mar 4, 2026
14w ago
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8-K
| $18.37 $16.77 | ▲ +8.69% | ▲ +7.38% | $13.83 (+24.70%) |
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