Columbus Mckinnon Corp. (CMCO)
NASDAQ:CMCO
Top Page
Columbus Mckinnon
(NASDAQ:CMCO)
Select Model
Select Model
Rating:52Neutral
Price Target:
$14.00
â–¼(-13.10% Downside)
Action:ReiteratedDate:03/24/26
The score reflects mixed fundamentals: stable balance sheet and solid free cash flow are positives, but profitability remains compressed versus prior years. Technical indicators are the biggest drag, with the stock in a pronounced downtrend and deeply oversold momentum. Valuation and dividend are modest supports, while the latest earnings call adds medium-term optimism from acquisition synergies and deleveraging plans but acknowledges near-term earnings/FCF headwinds and reduced guidance visibility.
Positive Factors
Acquisition-driven scale expansion
Closing the Kito Crosby deal materially increases scale, geographic reach and product breadth, creating a larger installed base and cross-sell opportunities. Larger scale supports more stable project pipelines, diversified end markets and a stronger platform to extract synergies and sustain long-term revenue resilience.
Negative Factors
Material increase in leverage and interest burden
The sizable financing package meaningfully raises near-term leverage and recurring interest costs, constraining financial flexibility. Higher interest and covenanted structures increase reliance on successful synergy capture and cash generation to meet deleveraging targets and avoid pressure on investment or dividend policies.
Read all positive and negative factors
Positive Factors
Negative Factors
Acquisition-driven scale expansion
Closing the Kito Crosby deal materially increases scale, geographic reach and product breadth, creating a larger installed base and cross-sell opportunities. Larger scale supports more stable project pipelines, diversified end markets and a stronger platform to extract synergies and sustain long-term revenue resilience.
Read all positive factors
Columbus Mckinnon (CMCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$458.68M
Dividend Yield1.59%
Average Volume (3M)234.23K
Price to Earnings (P/E)20.7
Beta (1Y)1.33
Revenue Growth-2.36%
EPS Growth-73.77%
CountryUS
Employees3,515
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.62
Shares Outstanding28,739,367
10 Day Avg. Volume229,029
30 Day Avg. Volume234,231
Financial Highlights & Ratios
PEG Ratio0.85
Price to Book (P/B)0.55
Price to Sales (P/S)0.51
P/FCF Ratio20.10
Enterprise Value/Market Cap1.91
Enterprise Value/Revenue0.88
Enterprise Value/Gross Profit2.66
Enterprise Value/Ebitda9.19
Forecast
1Y Price Target
$27.00Price Target Upside67.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.71
Revenue Forecast (FY)$2.07B
Columbus Mckinnon Business Overview & Revenue Model
Company Description
Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions to ergonomically move, lift, position, and secure materials worldwide. The company offers electric, air-powered, lever, and hand hoists; hoist trolleys, ...
How the Company Makes Money
Columbus McKinnon primarily makes money by selling motion control and material handling products and related lifecycle offerings to industrial customers. Key revenue streams include: (1) Equipment sales: revenue from the sale of core products such...
Columbus Mckinnon Earnings Call Summary
Earnings Call Date:Feb 09, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jun 03, 2026
Earnings Call Sentiment Positive
The call communicated multiple strong operational and financial achievements: double‑digit revenue and order growth, a meaningful backlog increase, completed transformational acquisition of Kito Crosby with a $70M synergy target, improved adjusted EPS, positive free cash flow, and completed financing that enhances liquidity and enables deleveraging plans. Offsetting these positives are margin contraction driven by mix and tariffs, near‑term transaction and interest expense headwinds, withdrawn near‑term guidance due to acquisition/divestiture timing, and slower demand/order conversion in EMEA. On balance the company delivered outperformance against preannounced ranges, demonstrated operational progress on tariff mitigation and integration planning, and set a clear deleveraging priority, indicating confidence in longer‑term upside despite near‑term costs and execution risks.Positive Updates
Acquisition of Kito Crosby Closed
Completed transformational acquisition of Kito Crosby; combination expected to double revenue base, expand geographic reach and product portfolio, and create a scaled global provider of intelligent motion solutions.
Negative Updates
Adjusted Gross Margin Contraction
Adjusted gross margin contracted 170 basis points YoY (adjusted gross margin 35.1%), driven primarily by unfavorable product mix (timing of higher‑margin precision conveyance and less favorable U.S. lifting mix) and tariff impacts.
Read all updates
Q3-2026 Updates
Positive
Negative
Acquisition of Kito Crosby Closed
Completed transformational acquisition of Kito Crosby; combination expected to double revenue base, expand geographic reach and product portfolio, and create a scaled global provider of intelligent motion solutions.
Read all positive updates
Company Guidance
The company withdrew its prior Columbus McKinnon stand‑alone guidance (said it would provide fiscal ’27 guidance in May 2026 when it reports FY’26 Q4), and gave forward-looking targets and timing: achieve tariff cost neutrality by the end of this fiscal year and margin neutrality in fiscal 2027; realize $70 million of net run‑rate cost synergies (≈20% in year 1, ≈60% in year 2, 100% in year 3); prioritize debt repayment (intend to use roughly $160 million of net divestiture proceeds to pay down the $1.65 billion Term Loan B) and expect to reduce net leverage to below 4.0x by the end of fiscal 2028; completed permanent financing that includes a $1.65B Term Loan B (3‑month SOFR + 350 bps, funded at 99%), $900M senior secured notes (7.125%), $800M perpetual convertible preferred, and a $500M revolver (overall financing cost below the ~8% initial estimate), and cautioned that transaction‑related expenses, purchase accounting adjustments, early integration costs and higher interest expense will be dilutive to GAAP EPS in Q4 and FY2026 and will negatively impact free cash flow in the near term.Columbus Mckinnon Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.00B | 963.03M | 1.01B | 936.24M | 906.55M | 649.64M |
| Gross Profit | 329.60M | 325.68M | 374.84M | 342.10M | 315.73M | 220.22M |
| EBITDA | 95.56M | 75.11M | 145.43M | 146.72M | 105.57M | 50.31M |
| Net Income | 6.01M | -5.14M | 46.63M | 48.43M | 29.66M | 9.11M |
Balance Sheet | ||||||
| Total Assets | 1.76B | 1.74B | 1.83B | 1.70B | 1.69B | 1.15B |
| Cash, Cash Equivalents and Short-Term Investments | 35.48M | 53.68M | 114.13M | 133.18M | 115.39M | 202.13M |
| Total Debt | 450.27M | 540.67M | 599.63M | 526.08M | 542.90M | 283.95M |
| Total Liabilities | 839.67M | 856.69M | 943.88M | 864.66M | 912.90M | 620.28M |
| Stockholders Equity | 922.85M | 882.10M | 882.06M | 833.80M | 772.80M | 530.15M |
Cash Flow | ||||||
| Free Cash Flow | 39.72M | 24.20M | 42.38M | 71.00M | 35.78M | 86.59M |
| Operating Cash Flow | 56.21M | 45.61M | 67.20M | 83.64M | 48.88M | 98.89M |
| Investing Cash Flow | -12.50M | -19.89M | -133.36M | -13.93M | -554.31M | -5.55M |
| Financing Cash Flow | -47.77M | -86.75M | 48.20M | -49.99M | 420.70M | -10.19M |
Columbus Mckinnon Technical Analysis
Negative
16.11
Price Trends
17.38
Negative
17.73
Negative
16.37
Negative
Market Momentum
-0.36
Negative
55.51
Neutral
95.32
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMCO, the sentiment is Negative. The current price of 16.11 is above the 20-day moving average (MA) of 14.64, below the 50-day MA of 17.38, and below the 200-day MA of 16.37, indicating a neutral trend. The MACD of -0.36 indicates Negative momentum. The RSI at 55.51 is Neutral, neither overbought nor oversold. The STOCH value of 95.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CMCO.
Columbus Mckinnon Risk Analysis
Columbus Mckinnon disclosed 39 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | $1.40B | 25.56 | 5.79% | 1.14% | 6.66% | ― | |
67 Neutral | $7.20B | 15.89 | 11.16% | 1.24% | 4.60% | -65.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $663.77M | -2.51 | -11.65% | 4.61% | -8.30% | -98.18% | |
52 Neutral | $458.68M | 20.66 | 0.66% | 1.59% | -2.36% | -73.77% | |
49 Neutral | $474.35M | 58.98 | 1.06% | ― | -0.83% | ― | |
45 Neutral | $546.13M | -2.23 | -11.61% | ― | -2.75% | 22.20% |
* Industrials Sector Average
CMCO
Columbus Mckinnon
16.11
2.79
20.90%
ASTE
Astec
61.63
27.54
80.77%
MTW
Manitowoc Company
13.42
5.91
78.70%
TEX
Terex
63.73
29.61
86.81%
TWI
Titan International
8.42
1.61
23.64%
HY
Hyster-Yale Materials Handling
37.18
0.56
1.53%
Columbus Mckinnon Corporate Events
Dividends
Columbus McKinnon Declares Regular Quarterly Cash Dividend
Positive
Mar 23, 2026
On March 23, 2026, Columbus McKinnon Corporation announced that its Board of Directors declared a regular quarterly dividend of $0.07 per common share, continuing its practice of returning capital to shareholders. The dividend is scheduled to be p...
Business Operations and Strategy
Columbus McKinnon Highlights Growth Strategy at Industrials Conference
Positive
Mar 17, 2026
On March 17, 2026, Columbus McKinnon presented at the J.P. Morgan Industrials Conference, outlining its investment thesis and positioning as a “new” CMCO focused on intelligent motion solutions for material handling. Management highlig...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Columbus McKinnon Divests U.S. Hoist Manufacturing Operations
Positive
Mar 4, 2026
On March 4, 2026, Columbus McKinnon completed the previously announced divestiture of its U.S. power chain hoist and chain manufacturing operations, excluding Little Mule-branded products, and sold 100% of the equity interests of Royal NY Company ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Columbus McKinnon Posts Strong Fiscal Q3 2026 Results
Positive
Feb 9, 2026
On February 9, 2026, Columbus McKinnon reported third-quarter fiscal 2026 results for the period ended December 31, 2025, posting net sales of $258.7 million, up 10.5% year over year, driven by higher volume, pricing and favorable currency, with p...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and Financing
Columbus McKinnon Completes Kito Crosby Acquisition, Reshapes Capital Structure
Positive
Feb 4, 2026
On February 3, 2026, Columbus McKinnon closed its $2.7 billion cash acquisition of Kito Crosby, creating what the company describes as a global leader in lifting solutions with expanded scale, product breadth and geographic reach across diverse en...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Columbus McKinnon Cleared to Complete Kito Crosby Acquisition
Positive
Feb 2, 2026
On February 2, 2026, Columbus McKinnon announced that the U.S. Department of Justice’s Antitrust Division had cleared its pending acquisition of Kito Crosby Limited, following an extended review that culminated in a consent decree requiring ...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Columbus McKinnon Details Pro Forma Impact of Kito Acquisition
Positive
Jan 29, 2026
On February 10, 2025, Columbus McKinnon entered into a stock purchase agreement to acquire all outstanding equity of Kito Crosby Limited for approximately $2.7 billion in cash on a cash-free, debt-free basis, with closing expected in the first qua...
Business Operations and StrategyDividends
Columbus McKinnon Declares Regular Quarterly Cash Dividend
Positive
Jan 27, 2026
On January 27, 2026, Columbus McKinnon Corporation announced that its Board of Directors had declared a regular quarterly cash dividend of $0.07 per common share, reinforcing its ongoing capital-return strategy to shareholders. The dividend is sch...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Columbus McKinnon Prices Notes to Fund Kito Crosby Deal
Positive
Jan 23, 2026
On January 22, 2026, Columbus McKinnon announced it had priced a private offering of $900 million in 7.125% senior secured notes due 2033, downsized from a previously planned $1.225 billion, with closing expected on January 30, 2026, subject to cu...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Columbus McKinnon Plans Major Notes Offering for Acquisition
Positive
Jan 20, 2026
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 e...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Columbus McKinnon Divests Power Chain Hoist Operations
Positive
Jan 14, 2026
On January 13, 2026, Columbus McKinnon signed an equity purchase agreement to sell 100% of the equity interests of Royal NY Company Holdings and its U.S. power chain hoist and chain manufacturing operations, excluding Little Mule products, to an a...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Columbus McKinnon Issues Preliminary Third-Quarter Fiscal 2026 Results
Positive
Jan 14, 2026
On January 14, 2026, Columbus McKinnon announced select estimated preliminary unaudited results for its third quarter ended December 31, 2025, reporting expected net sales of $250 million to $260 million for the quarter and $747 million to $757 mi...
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.