Columbus McKinnon Raises Fiscal 2027 Sales and EBITDA Outlook

The Tip Desk · November 10, 2026 · 3 min read

Net sales reached $539.3 million in the quarter ended September 30, 2026, and the company lifted fiscal 2027 Adjusted EBITDA guidance to $425 million to $440 million.

Columbus McKinnon Corporation (CMCO), a designer and manufacturer of intelligent motion solutions, reported net sales of $539.3 million for the fiscal 2027 second quarter ended September 30, 2026, up 106.6% from a year earlier, as the Kito Crosby acquisition closed in February 2026 and both Legacy CMCO and Kito Crosby contributed growth.

The year-over-year sales increase was slower than the 125.3% rise recorded in the first quarter of fiscal 2027. Orders were $562.6 million, up 122%, and book-to-bill was 1.0 times, down from 1.1 times in the prior quarter.

President and Chief Executive Officer David J. Wilson said sequential revenue growth was supported by sustained strength in the Americas and stronger-than-anticipated demand in Asia and EMEA, and that improved operational execution and customer experience lifted demand from both project and short-cycle business.

Legacy CMCO net sales growth slowed to 5.3% from 12.7% in the first quarter, still benefiting from both positive pricing and volume. U.S. sales were $292.0 million, or 54% of the total, and non-U.S. sales were $247.3 million, or 46%. Non-U.S. sales rose 117.9% year over year; U.S. sales rose 98.0%.

GAAP results swung to a net loss attributable to the company of $25.5 million, or $0.76 a share, from a $4.6 million profit a year earlier. The company said the loss reflected $12.5 million of acquisition and integration related expenses. Adjusted net income was $31.1 million, up 73.6%. Adjusted EPS was $0.61, down $0.01, largely due to a higher share count and increased interest expense.

Gross margin was 34.8%. Adjusted gross margin was 36.5%, up 120 basis points. Adjusted EBITDA was $111.2 million, with a 20.6% margin, up 520 basis points year over year and 40 basis points below the 21.0% margin in the first quarter.

The company said Kito Crosby integration remained on track, with synergy realization ahead of plan. Wilson said initial integration priorities were underway and the company was sharpening its focus on longer-term initiatives.

Credit Agreement net leverage was 4.9 times at quarter-end, with total liquidity of $532.0 million, including $110.9 million of cash and $421.1 million of revolving availability. For the six months ended September 30, 2026, operating cash flow was $21.1 million and free cash flow was $4.6 million. Year-to-date cash costs related to the Kito Crosby acquisition were $24.3 million. The company said it remains committed to paying down debt to de-lever the balance sheet in the near term while continuing consistent dividend payments.

Chief Financial Officer John Linker said the increased full-year outlook reflects strong first-half orders and financial performance, as well as confidence in executing strategic priorities through the second half of fiscal 2027. The company raised fiscal 2027 net sales guidance to $2.13 billion to $2.17 billion from $2.09 billion to $2.15 billion, Adjusted EBITDA to $425 million to $440 million from $405 million to $420 million, and Adjusted EPS to $2.00 to $2.15 from $1.90 to $2.10. Updated assumptions include amortization of $130 million to $135 million, depreciation of $80 million to $85 million, and capital expenditures of $45 million to $55 million.