Earnings ·
Columbus McKinnon reported first-quarter fiscal 2027 net sales of $531.5 million, a 125% year-over-year increase…
CMCOColumbus McKinnon Corp
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.