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Columbus Mckinnon
(NASDAQ:CMCO)
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Rating:57Neutral
Price Target:
$19.50
▲(20.97% Upside)
Action:Reiterated
Date:08/18/26
CMCO’s score is held back primarily by weak recent financial quality (large net losses, negative operating/free cash flow and elevated leverage). Offsetting this, technicals show a solid uptrend versus key moving averages, and the latest earnings call guidance and synergy/deleveraging plan were constructive, though still constrained by high interest expense and integration/macro risks. Valuation remains mixed due to the negative P/E and only modest dividend yield.
Positive Factors
Revenue and Backlog Growth
Strong sales, order growth and backlog provide durable visibility for future production. The Kito Crosby acquisition expands the revenue base, while legacy CMCO growth and healthy early FY27 orders indicate broader demand beyond acquisition effects.
Negative Factors
Sustained Profitability Deterioration
The sharp shift from operating profitability to substantial losses weakens internal funding capacity and raises execution risk. Although some charges are noncash or transaction-related, reported earnings remain materially impaired during the integration period.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Backlog Growth
Strong sales, order growth and backlog provide durable visibility for future production. The Kito Crosby acquisition expands the revenue base, while legacy CMCO growth and healthy early FY27 orders indicate broader demand beyond acquisition effects.
Read all positive factors
Columbus Mckinnon (CMCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$518.11M
Dividend Yield1.57%
Average Volume (3M)234.23K
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth55.23%
EPS Growth-1626.88%
CountryUS
Employees7,300
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-11.00
Shares Outstanding28,864,244
10 Day Avg. Volume229,029
30 Day Avg. Volume234,231
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.29
Price to Sales (P/S)0.35
P/FCF Ratio-2.54
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$24.67Price Target Upside53.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.96
Revenue Forecast (FY)$2.10B
Columbus Mckinnon Business Overview & Revenue Model
Company Description
Columbus McKinnon Corporation (CMCO) is a global leader in designing, manufacturing, and distributing sophisticated motion solutions. These innovative systems are engineered to facilitate the ergonomic and secure movement, lifting, positioning, an...
How the Company Makes Money
CMCO primarily makes money by selling material-handling products and solutions and supporting them over their lifecycle. Key revenue streams include: (1) Product sales: revenue from manufactured motion-control and material-handling equipment such ...
Columbus Mckinnon Earnings Call Summary
Earnings Call Date:Jun 04, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive operational story — record revenue growth, strong adjusted EBITDA improvement, a healthy backlog and clear integration/synergy plans — while acknowledging sizable one-time GAAP charges, transaction costs, tariff and inflationary pressures, EMEA/geopolitical softness and elevated leverage. Management provided upbeat FY27 guidance, prioritized deleveraging and highlighted early synergy wins. Given the predominantly positive operational and forward-looking indicators (growth, margin expansion targets, cash generation and specific synergy targets) alongside largely one-time or transitional negatives, the tone is cautiously optimistic.Positive Updates
Record Net Sales and Strong Top-Line Growth
Fiscal 2026 record net sales of $1.2 billion, up 24% year-over-year; fourth quarter net sales $438 million, up 77% YoY. Kito Crosby acquisition contributed approximately $188 million of revenue to the year.
Negative Updates
Large GAAP Charges and Reported Net Loss
Fourth quarter GAAP net loss attributable to the company of $238 million driven largely by a $200 million noncash goodwill impairment. GAAP loss per share was $5.78 in Q4 and $7.40 for the full year.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Net Sales and Strong Top-Line Growth
Fiscal 2026 record net sales of $1.2 billion, up 24% year-over-year; fourth quarter net sales $438 million, up 77% YoY. Kito Crosby acquisition contributed approximately $188 million of revenue to the year.
Read all positive updates
Company Guidance
For fiscal 2027 the company guided net sales of $2.05–2.12 billion, adjusted EBITDA of $390–410 million (including $14 million of in‑year cost synergies) and adjusted EPS of $1.70–1.90; the outlook assumes $185–190 million of interest expense, $135–140 million of amortization, $75–80 million of depreciation, a 25% effective tax rate and ~52 million adjusted diluted shares (reflecting PIK treatment of preferred dividends), and is expected to be back‑half weighted as integration progresses toward a $70 million annualized synergy target in year three. Management also reiterated plans to generate substantial free cash flow to pay down debt, cited current net leverage of 5.1x and liquidity of $561 million, and said it aims to get to roughly 4x net leverage within two years, with pro‑forma organic growth of about 1–4% baked into the plan.Columbus Mckinnon Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
24
Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.49B | 1.19B | 963.03M | 1.01B | 936.24M | 906.55M |
| Gross Profit | 428.48M | 359.43M | 325.68M | 374.84M | 342.10M | 315.73M |
| EBITDA | -48.37M | -68.32M | 75.11M | 145.43M | 146.72M | 105.57M |
| Net Income | -316.37M | -229.53M | -5.14M | 46.63M | 48.43M | 29.66M |
Balance Sheet | ||||||
| Total Assets | 4.67B | 4.78B | 1.74B | 1.83B | 1.70B | 1.69B |
| Cash, Cash Equivalents and Short-Term Investments | 98.41M | 96.56M | 53.68M | 114.13M | 133.18M | 115.39M |
| Total Debt | 2.38B | 2.49B | 540.67M | 599.63M | 526.08M | 542.90M |
| Total Liabilities | 3.31B | 3.34B | 856.69M | 943.88M | 864.66M | 912.90M |
| Stockholders Equity | 1.37B | 1.45B | 882.10M | 882.06M | 833.80M | 772.80M |
Cash Flow | ||||||
| Free Cash Flow | -122.76M | -164.07M | 24.20M | 42.38M | 71.00M | 35.78M |
| Operating Cash Flow | -102.43M | -146.21M | 45.61M | 67.20M | 83.64M | 48.88M |
| Investing Cash Flow | -2.46B | -2.46B | -19.89M | -133.36M | -13.93M | -554.31M |
| Financing Cash Flow | 2.63B | 2.65B | -86.75M | 48.20M | -49.99M | 420.70M |
Columbus Mckinnon Technical Analysis
Positive
16.12
Price Trends
16.22
Positive
15.57
Positive
16.59
Positive
Market Momentum
0.39
Positive
50.04
Neutral
27.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMCO, the sentiment is Positive. The current price of 16.12 is below the 20-day moving average (MA) of 19.00, below the 50-day MA of 16.22, and below the 200-day MA of 16.59, indicating a neutral trend. The MACD of 0.39 indicates Positive momentum. The RSI at 50.04 is Neutral, neither overbought nor oversold. The STOCH value of 27.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CMCO.
Columbus Mckinnon Risk Analysis
Columbus Mckinnon disclosed 31 risk factors in its most recent earnings report. Columbus Mckinnon reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Columbus Mckinnon Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $7.53B | 33.11 | 4.30% | 0.97% | 29.17% | -27.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $518.11M | -1.63 | -27.20% | 1.74% | 55.23% | -1626.88% | |
56 Neutral | $709.70M | 35.14 | 2.92% | ― | 8.86% | -55.83% | |
54 Neutral | $1.00B | 50.93 | 2.88% | 0.92% | 18.70% | -57.51% | |
54 Neutral | $614.48M | -5.22 | -25.53% | 4.37% | -11.14% | -614.21% | |
45 Neutral | $453.73M | -5.83 | -14.76% | ― | 4.69% | -281.71% |
* Industrials Sector Average
CMCO
Columbus Mckinnon
17.79
2.81
18.74%
ASTE
Astec
43.80
-2.22
-4.81%
MTW
Manitowoc Company
19.48
9.50
95.19%
TEX
Terex
65.22
14.05
27.46%
TWI
Titan International
7.19
-1.80
-20.02%
HY
Hyster-Yale Materials Handling
34.82
-2.88
-7.65%
Columbus Mckinnon Corporate Events
Business Operations and StrategyShareholder Meetings
Columbus McKinnon Shareholders Approve Incentive Plan Amendment
Positive
Aug 18, 2026
At its annual meeting of shareholders held on August 14, 2026, Columbus McKinnon Corporation gained shareholder approval for the first amendment to its Second Amended and Restated 2016 Long Term Incentive Plan, following prior board approval on Ju...
Executive/Board ChangesRegulatory Filings and Compliance
Columbus McKinnon Names New Chief Financial Officer
Neutral
Aug 4, 2026
Columbus McKinnon announced that, effective July 1, 2026, its board appointed John R. Linker as Executive Vice President and Chief Financial Officer and elevated Vice President and Corporate Controller Thomas Oddo to Chief Accounting Officer and i...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Columbus McKinnon Posts Record Q1 Results After Acquisition
Positive
Jul 30, 2026
On July 30, 2026, Columbus McKinnon reported its fiscal 2027 first-quarter results for the period ended June 30, 2026, highlighting record orders and sales driven largely by the Kito Crosby acquisition. Net sales rose 125% year over year to $531.5...
Dividends
Columbus McKinnon Declares Regular Quarterly Cash Dividend
Positive
Jul 20, 2026
On July 20, 2026, Columbus McKinnon Corporation announced that its Board of Directors had declared a regular quarterly cash dividend of $0.07 per common share, continuing its practice of returning capital to shareholders. The payout relates to app...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
Columbus McKinnon Announces New Chief Financial Officer Appointment
Positive
Jul 1, 2026
On July 1, 2026, Columbus McKinnon announced a chief financial officer transition, separating Executive Vice President of Finance and CFO Gregory P. Rustowicz under a change-in-control agreement that triggers severance benefits, with the company n...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Columbus McKinnon Highlights Strategy at Wells Fargo Conference
Positive
Jun 10, 2026
On June 10, 2026, Columbus McKinnon presented at the Wells Fargo Industrials and Materials Conference, outlining its strategic positioning and financial profile following recent portfolio changes. The company highlighted FY26 pro forma net sales o...
Financial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Columbus McKinnon Files Kito Crosby Audited Financials
Neutral
Jun 8, 2026
Columbus McKinnon completed its all-cash acquisition of Kito Crosby Limited on February 3, 2026, following a February 10, 2025 stock purchase agreement, and has now filed Kito Crosby’s audited consolidated financial statements for the years ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Columbus McKinnon Reports Fiscal 2026 Results After Acquisition
Negative
Jun 4, 2026
Columbus McKinnon reported its fourth-quarter and full-year fiscal 2026 results on June 4, 2026, highlighting the completion of the transformational Kito Crosby acquisition and a related divestiture that significantly reshaped its portfolio. For t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.