This conference presentation contains no new material information beyond previously disclosed FY27 guidance and synergy targets. The stock is unlikely to move on this filing alone. Monitor upcoming quarterly reports for progress on Kito Crosby integration, margin expansion, and leverage reduction toward the sub-4x target by FY28. Preferred dividend being accrued rather than paid in cash signals continued cash preservation for debt paydown.
Price Chart
Executive Summary
CMCO presented at the Wells Fargo Industrials Conference, reaffirming its FY27 guidance midpoint of $2.09B in net sales, $400M in Adjusted EBITDA, and a 19.2% Adjusted EBITDA margin. The presentation highlighted the Kito Crosby integration progress, a $70M net run-rate cost synergy target by FY29, and a commitment to deleveraging with a target Credit Agreement Net Leverage Ratio below 4x within FY28. No new material financial disclosures or guidance changes were provided.
Key Facts
- FY27 guidance midpoint: net sales of $2.09B, Adjusted EBITDA of $400M, Adjusted EBITDA margin of 19.2%.
- Pro forma FY26 net sales of $2.0B, pro forma Adj. Gross Margin of ~36%, pro forma Adj. EBITDA Margin of ~19%.
- Targeting $70M in annual net run-rate cost synergies by FY29, with 20% expected in FY27.
- Credit Agreement Net Leverage Ratio of 5.1x as of FY26 year-end; target below 4x within FY28.
- Free Cash Flow excluding deal costs was $68M for FY26 pro forma.
- Debt paydown is the #1 capital allocation priority; 76% of debt is fixed-rate.
- Expects preferred share dividends to be accrued/accumulated/compounded rather than paid in cash during FY27.
Financial Impact
FY27 guidance implies ~4.5% revenue growth vs pro forma FY26 ($2.09B vs $2.0B) and ~6% Adj. EBITDA margin improvement (19.2% vs 18.5% pro forma). The $70M synergy target represents ~3.5% of FY27 guided revenue.
Risk Factors
- Integration of Kito Crosby may prove more costly or take longer than expected.
- Tariff impacts from FY26 could re-emerge; ability to offset with pricing is unproven at scale.
- Net leverage of 5.1x leaves limited financial flexibility if macro conditions deteriorate.
- Preferred dividend accrual defers cash payments but increases total obligation over time.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001005229-26-000028 |
| Document: cmco-20260610.htm | 0001005229-26-000028 |
| Document: 0001005229-26-000028-index-headers.html | 0001005229-26-000028 |
| Document: 0001005229-26-000028-index.html | 0001005229-26-000028 |
| Document: 0001005229-26-000028.txt | 0001005229-26-000028 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $14.04 | awaiting T+5 | — | $15.14 (+7.83%) |
Oct 26, 2026 today | Press Release | $14.32 | awaiting T+5 | — | $15.14 (+5.73%) |
Oct 7, 2026 19d ago | SC 13G/A | $15.98 $15.01 | ▼ −6.07% | ▼ −5.79% | $15.14 (−5.26%) |
Sep 22, 2026 5w ago | 8-K | $16.44 $16.27 | ▼ −1.03% | ▲ +0.15% | $15.14 (−7.91%) |
Aug 18, 2026 10w ago | 8-K | $17.80 $17.79 | ▼ −0.06% | ▲ +0.14% | $15.14 (−14.94%) |
Jul 30, 2026 12w ago | 8-K | $20.68 $20.76 | ▲ +0.39% | ▼ −3.24% | $15.14 (−26.79%) |
Jun 26, 2026 17w ago | DEFA14A | $14.41 $14.00 | ▼ −2.85% | ▼ −4.23% | $15.14 (+5.07%) |
Jun 25, 2026 17w ago | Institutional Cluster | $14.78 $14.51 | ▼ −1.83% | ▼ −3.39% | $15.14 (+2.44%) |
Jun 10, 2026 19w ago | 8-K | $12.12 $13.92 | ▲ +14.85% | ▲ +11.42% | $15.14 (+24.92%) |
Jun 8, 2026 20w ago | 8-K | $12.46 $15.03 | ▲ +20.63% | ▲ +18.51% | $15.14 (+21.51%) |
US Market Status
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