CMCO earnings analysis
What we found in CMCO's 10-K: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Columbus McKinnon Corporation reported significant growth in FY 2026, achieving revenues of $1.193 billion, a 23.9% increase from FY 2025, attributed largely to the acquisition of Kito Crosby, which contributed $188 million to sales. Despite this revenue growth, the company faced challenges in profitability, resulting in a net loss of $229 million due to a substantial goodwill impairment of $200 million and increased operational costs. The outlook for FY 2027 is positive, with guidance for revenue between $2.05 billion and $2.12 billion and EPS between $1.70 and $1.90.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth in FY 2026
- Columbus McKinnon achieved $1.193 billion in revenue for FY 2026, a 23.9% increase from $963 million in FY 2025.
- Kito Crosby Acquisition Benefit
- The Kito Crosby acquisition contributed $188 million in sales, significantly enhancing scale and market reach.
- Solid Guidance for FY 2027
- The company expects FY 2027 revenue to be between $2.05 billion and $2.12 billion, and EPS guidance is set at $1.70 to $1.90.
- Improved Liquidity Position
- Liquidity increased to $561 million, up from $240 million in the previous year, bolstered by cash and available credit.
- Disposal of Divested Business
- The divestiture of the U.S. Power Chain Hoist and Chain Manufacturing operations realized a pre-tax gain of $103 million, contributing $183 million in cash.
- Diversified Revenue Streams
- 44% of revenues are derived from international markets, providing a buffer against local economic fluctuations.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Goodwill Impairment
- A goodwill impairment charge of $200 million was recorded for the Precision Conveyance unit, reflecting challenges in market performance.
- Increased Debt Levels
- Total debt rose to $2.38 billion as of March 31, 2026, raising concerns about financial flexibility due to higher interest costs.
- Exposure to Market Economic Conditions
- The business is vulnerable to macroeconomic changes, including inflation and interest rate increases, which could impact demand and operational costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-7.4
- Gross margin
- 30.1%
- Operating margin
- -10%
- Segment
- Industrial Products
- Segment
- Crane Solutions
- Segment
- Precision Conveyors Products
What they said about what is next.
Annual outlook deferred to earnings press release / call.
The filing reads better than the one before it.
What came before.
- 10-Q · July 30, 2025
- Columbus McKinnon reported revenue of $235.92M for the quarter ended June 30, 2025, down $3.81M (≈1.6%) versus the prior year, while gross margin contracted to 32.73% from 37.14% a year ago. Operating income fell to…
- 10-Q · October 30, 2024
- Columbus McKinnon reported Q2 net sales of $242.274M (down from $258.400M in the year-ago quarter) and a GAAP diluted loss of $0.52 per share versus EPS of $0.55 a year ago. Gross profit fell to $74.743M (30.9% margin)…
- 10-Q · July 31, 2024
- Columbus McKinnon reported Q1 net sales of $239.7M, up $4.2M (+1.8%) vs. Q1 last year, with gross profit increasing to $89.0M (+2.7%) but operating income slipping to $21.1M (-1.4%) and diluted EPS falling to $0.30 from…
- 10-K · May 29, 2024
- Columbus McKinnon is executing a multi-year transformation from a cyclical lifting company into an "intelligent motion solutions" platform by expanding into precision conveyance via acquisitions (Dorner, Garvey and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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