Columbus McKinnon Corporation (NASDAQ:CMCO) reported fourth-quarter results on Thursday that topped revenue expectations but fell short on earnings, as the company continued integrating its recently completed Kito Crosby acquisition.
Shares of the material handling equipment manufacturer rose 1.16% in premarket trading following the release.
Earnings Miss Expectations While Revenue Surges
For the quarter ended March 31, 2026, Columbus McKinnon generated adjusted earnings per share of $0.24, missing analyst forecasts of $0.47 by $0.23.
Revenue climbed to $437.8 million, comfortably ahead of the consensus estimate of $375.0 million and representing a 77% increase from $246.9 million recorded in the same period a year earlier.
The substantial rise in sales was largely driven by the acquisition of Kito Crosby, which was completed on February 3, 2026.
Fiscal 2027 Outlook In Line With Market Expectations
Looking ahead, the company forecast fiscal 2027 earnings per share in the range of $1.70 to $1.90. The midpoint of $1.80 broadly aligns with analysts’ expectations.
Revenue for the new fiscal year is projected to be between $2.05 billion and $2.12 billion, with the midpoint of $2.09 billion slightly exceeding the consensus forecast of $2.06 billion.
“Fiscal 2026 was a defining year marked by meaningful strategic progress and disciplined execution,” said David J. Wilson, President and Chief Executive Officer. “We completed the Kito Crosby Acquisition and immediately established a blended organization that brought together the strengths, capabilities, and cultures of both companies.”
Acquisition Supports Growth Momentum
Adjusted EBITDA increased to $68.7 million during the quarter, producing a margin of 15.7%, an improvement of 130 basis points compared with the prior year.
Order intake rose 68% year-over-year to $442.8 million, while backlog stood at $519.6 million at the end of the quarter, providing visibility into future demand.
The company finished the fiscal year with a net leverage ratio of 5.1x under its credit agreement and total available liquidity of $561.2 million, positioning it to continue integrating Kito Crosby while pursuing future growth opportunities.