Columbus McKinnon Acquires Kito Crosby, Posts $437.8M Q4 Revenue Beat
CMCO•Columbus McKinnon completed acquisition of Kito Crosby and divested U.S. power chain hoist operations as it marks fiscal 2026 a defining year for its growth strategy. Q4 EPS of $0.24 missed the $0.36 estimate while revenue reached $437.83 million, its fourth consecutive beat.
1. Strategic Shifts and Divestiture
The company finalized its acquisition of Kito Crosby and divested its U.S. power chain hoist operations as part of a broader strategic overhaul. Management describes fiscal 2026 as a defining year, aiming to integrate Kito Crosby’s capabilities and streamline core operations post-divestiture.
2. Q4 Financial Results
In the quarter ended May 31, earnings per share fell to $0.24, missing the $0.36 analyst estimate and down from $0.60 a year ago. Meanwhile, revenue climbed to $437.83 million, surpassing the $419.57 million forecast and marking the fourth straight quarterly revenue beat.
3. Annual Orders and Liquidity Position
For the full fiscal year, orders grew 20% and net sales rose 24%, with core business net sales up 7% excluding the divested operations. The balance sheet shows a current ratio of 2.02 and a debt-to-equity ratio of 1.65, underscoring ample liquidity and leveraged financing for growth initiatives.
