The FY27 guidance implies a massive revenue step-up to ~$2.1B from $1.19B in FY26, but the 5.1x leverage and $185-190M interest expense burden will pressure free cash flow. Watch for debt reduction progress toward the 4.0x target by FY28 and whether the Kito Crosby integration delivers the $70.6M annual synergies assumed in the Credit Agreement EBITDA calculation.
Price Chart
Executive Summary
Columbus McKinnon reported Q4 FY26 results with GAAP net loss of $238M ($5.78/share) including a $200M non-cash goodwill impairment and $68M in deal costs, while Adjusted EBITDA rose 93% to $68.7M on 77% revenue growth from the Kito Crosby acquisition. The company issued FY27 guidance of $2.05B-$2.12B revenue and $1.70-$1.90 Adjusted EPS, implying a significant step-change in scale but with elevated leverage at 5.1x and massive GAAP losses.
Key Financial Metrics
Key Facts
- Q4 FY26 GAAP net loss of $238.2M ($5.78/share) includes $200M goodwill impairment, $36.8M inventory step-up, and $68.1M deal costs, partially offset by $103.3M divestiture gain
- Adjusted EPS of $0.24, down 60% YoY from $0.60, driven by 13.7M diluted share count from preferred conversion and higher interest expense
- FY27 guidance: revenue $2.05B-$2.12B, Adjusted EBITDA $390M-$410M, Adjusted EPS $1.70-$1.90
- Credit Agreement Net Leverage Ratio of 5.1x at year-end; Free Cash Flow Excluding Deal Costs of $68M, up 171% YoY
- Legacy CMCO net sales grew 7.3% in Q4 and 6.6% for FY26, indicating organic growth despite macro headwinds
Financial Impact
GAAP net loss of $238M in Q4 vs $2.7M loss a year ago; Adjusted EBITDA of $68.7M vs $35.6M; FY27 guidance implies ~$400M midpoint Adjusted EBITDA on ~$2.085B revenue
Risk Factors
- Credit Agreement Net Leverage of 5.1x leaves limited balance sheet flexibility if macro conditions deteriorate
- FY27 Adjusted EPS guidance of $1.70-$1.90 implies ~52M diluted shares, a 62% increase from FY26's 32.3M due to preferred share conversion, heavily diluting common holders
- GAAP net loss of $229.5M for FY26 with negative operating cash flow of $146.2M raises going-concern questions despite non-GAAP adjustments
- Tariff impacts and unfavorable product mix cited as headwinds to Adjusted EBITDA margins
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001005229-26-000017 |
| Document: cmcoq4financialresultssl.htm | 0001005229-26-000017 |
| Document: cmco-20260604.htm | 0001005229-26-000017 |
| Document: 0001005229-26-000017-index-headers.html | 0001005229-26-000017 |
| Document: 0001005229-26-000017-index.html | 0001005229-26-000017 |
| Document: 0001005229-26-000017.txt | 0001005229-26-000017 |
| 8-K Data (Synthetic) | 0001005229-26-000017 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $14.04 | awaiting T+5 | — | $14.45 (+2.92%) |
Oct 26, 2026 today | Press Release | $14.32 | awaiting T+5 | — | $14.45 (+0.91%) |
Oct 7, 2026 19d ago | SC 13G/A | $15.98 $15.01 | ▼ −6.07% | ▼ −5.79% | $14.45 (−9.57%) |
Sep 22, 2026 5w ago | 8-K | $16.44 $16.27 | ▼ −1.03% | ▲ +0.15% | $14.45 (−12.10%) |
Aug 18, 2026 10w ago | 8-K | $17.80 $17.79 | ▼ −0.06% | ▲ +0.14% | $14.45 (−18.82%) |
Jul 30, 2026 12w ago | 8-K | $20.68 $20.76 | ▲ +0.39% | ▼ −3.24% | $14.45 (−30.13%) |
Jun 26, 2026 17w ago | DEFA14A | $14.41 $14.00 | ▼ −2.85% | ▼ −4.23% | $14.45 (+0.28%) |
Jun 25, 2026 17w ago | Institutional Cluster | $14.78 $14.51 | ▼ −1.83% | ▼ −3.39% | $14.45 (−2.23%) |
Jun 10, 2026 19w ago | 8-K | $12.12 $13.92 | ▲ +14.85% | ▲ +11.42% | $14.45 (+19.22%) |
Jun 8, 2026 20w ago | 8-K | $12.46 $15.03 | ▲ +20.63% | ▲ +18.51% | $14.45 (+15.97%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers