Columbus McKinnon Sees FY26 Orders Rise 20% to $1.2B, Sales Up 24%
CMCO•Record FY26 orders reached $1.2 billion, up 20%, and net sales hit $1.2 billion, a 24% increase driven by the Kito Crosby acquisition and 7% organic growth. GAAP net loss was $230 million, reflecting a $200 million goodwill impairment, while adjusted EBITDA climbed to $181.4 million (15.2% margin).
1. FY26 Financial Performance
In fiscal year ended March 31, 2026, Columbus McKinnon reported record orders of $1.2 billion, up 20%, and net sales of $1.2 billion, up 24%, with a 7% increase in legacy net sales. Backlog stood at $519.6 million, including $199.9 million from the Kito Crosby acquisition.
2. Profitability and Adjusted EBITDA
GAAP net loss was $230 million (19.2% margin) due to a $200 million goodwill impairment, $36.8 million inventory step-up amortization and $68.1 million of deal-related costs, partly offset by a $103.3 million divestiture gain. Adjusted EBITDA rose to $181.4 million with a 15.2% margin.
3. Acquisition and Integration Progress
The Kito Crosby acquisition closed in Q4 FY26, boosting quarterly orders by 68% to $442.8 million and net sales by 77% to $437.8 million. Integration efforts focus on capturing synergies, aligning systems and expanding global reach to accelerate value creation.
4. FY27 Outlook and Strategy
Management highlighted encouraging demand trends, continued operational improvements and integration benefits underpinning FY27 guidance. The company plans to prioritize profitable growth, debt reduction and margin expansion to drive shareholder returns.
