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Columbus Mckinnon ( (CMCO) ) has shared an announcement.
On January 20, 2026, Columbus McKinnon announced plans to issue $1.225 billion of senior secured notes due 2033 to help finance its acquisition of Kito Crosby, refinance its existing senior secured credit facilities and repay Kito Crosby’s existing debt, alongside proceeds from a new preferred share issuance and a new senior secured credit agreement. The notes will initially be unsecured and unguaranteed but are expected to become first‑lien, senior‑secured obligations guaranteed by certain U.S. subsidiaries after the acquisition closes, with a special mandatory redemption feature if the deal does not close by the contractual end date; in parallel, the company is updating and expanding its use of non‑GAAP metrics such as Adjusted EBITDA and various leverage ratios—now including stock‑based compensation addbacks—to frame its leverage profile and performance for investors as it undertakes this highly leveraged, acquisition‑driven capital structure shift.
The most recent analyst rating on (CMCO) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Columbus Mckinnon stock, see the CMCO Stock Forecast page.
Spark’s Take on CMCO Stock
According to Spark, TipRanks’ AI Analyst, CMCO is a Neutral.
The score is driven by improving financial health (deleveraging and strong free cash flow growth) and a supportive bullish price trend, partially reinforced by a generally positive earnings outlook (sales/EPS improvement and strong backlog). These positives are materially capped by very expensive valuation (P/E 147) and overbought technical conditions, alongside tariff and order-conversion risks.
To see Spark’s full report on CMCO stock, click here.
More about Columbus Mckinnon
Columbus McKinnon operates in the industrial sector, focusing on material handling solutions and related lifting and motion control technologies, and is expanding its presence through acquisitions such as Kito Crosby in order to deepen its market reach and scale in this niche.
Average Trading Volume: 280,342
Technical Sentiment Signal: Sell
Current Market Cap: $597.3M
See more data about CMCO stock on TipRanks’ Stock Analysis page.