Columbus McKinnon Completes Acquisition of Kito Crosby [Accessibility Statement] Skip Navigation- Executive Leadership Team appointed to drive growth, margin expansion, synergy realization and net leverage reduction- Business combination with Kito Crosby expected to scale the business, deliver improved Adjusted EBITDA Margin and enhance shareholder value through the delivery of $70 million of expected net annual run rate cost synergies- Complementary combination creates a global leader in lifting solutions ...

CHARLOTTE, N.C., Feb. 2, 2026 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced it has received clearance from the Antitrust Division of the U.S. Department of Justice (the "DOJ") for its previously announced acquisition (the "Acquisition") of Kito Crosby Limited ("Kito Crosby").     In connection with the DOJ's review of the Acquisition, Co ...

Company Overview - CMCO's Total Addressable Market (TAM) is estimated at $34 billion[11] - The company's TTM Net Sales are $978 million[11] - The company's TTM Adjusted EBITDA Margin is approximately 15%[11] - The company's TTM Free Cash Flow Conversion is greater than 100%[11] - Lifting Solutions account for 62% of the company's revenue[24] Kito Crosby Acquisition - Kito Crosby's 2024 Revenue is $1.1 billion[37] - Kito Crosby's revenue CAGR from 2021-2024 is 7%[37] - Lifting & Securement Consumables account for 54% of Kito Crosby's revenue[38] - North America accounts for 56% of Kito Crosby's revenue[37] Financial Performance - The company's Adjusted EBITDA is $142.047 million[52] - The company's Free Cash Flow (FCF) is $29.365 million[55]

Core Viewpoint - Columbus McKinnon Corporation will present at the 2025 Baird Global Industrial Conference on November 12, 2025, at approximately 5:05 p.m. Eastern Time [1]. Company Overview - Columbus McKinnon is a leading worldwide designer, manufacturer, and marketer of intelligent motion solutions, focusing on efficiently and ergonomically moving, lifting, positioning, and securing materials [3]. - Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems [3]. - The company emphasizes safety and quality through superior design and engineering know-how in commercial and industrial applications [3]. Investor Relations - A live audio webcast of the presentation will be available on the Columbus McKinnon Investor Relations webpage, with a replay accessible until November 19, 2025 [2].

Core Insights - Columbus McKinnon Corporation will release its second quarter fiscal 2026 results on October 30, 2025, before market opens [1] - A conference call will be held at 10:00 a.m. Eastern Time to discuss financial results and corporate strategy [2] - The company specializes in intelligent motion solutions for material handling, focusing on safety and quality in commercial and industrial applications [2] Company Overview - Columbus McKinnon is a leading designer, manufacturer, and marketer of intelligent motion solutions [2] - Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems [2] - The company aims to improve lives by efficiently moving, lifting, positioning, and securing materials [2]

Core Insights - The Value Line Investment Survey provides long-term earnings forecasts and price targets for thousands of companies, reflecting sophisticated analysts' beliefs across market cycles [1][2] - A study by MIT highlights that Value Line's expected returns often diverge from the general market sentiment, indicating a contrarian approach that can identify investment opportunities [2][9] Market Timing and Returns - Value Line's expected 3–5 year returns tend to rise after market declines and fall after market surges, demonstrating a mean reversion understanding among its analysts [3][5] - Historical data from 1956 to 2024 shows that Value Line's expected return series forecasts future realized returns effectively, similar to the earnings-to-price ratio [4] Stock-Level Insights - Value Line's forecasts can be used as a screening tool for identifying long-term value opportunities, particularly in sectors or companies with temporarily depressed multiples [6][8] - Analysts at Value Line consistently anticipate mean reversion in valuation multiples, favoring undervalued or overlooked stocks [7] Disagreement and Market Opportunities - Discrepancies between Value Line's expectations and those of individual investors often lead to increased trading volume and volatility, indicating potential investment opportunities [9][10] - When the market is overly bullish while Value Line remains cautious, it signals potential froth; conversely, when the market is fearful but Value Line expects high returns, it indicates maximum opportunity [10] Practical Applications - Value Line's expected return series serves as a contrarian timing indicator, with high expected returns suggesting better times ahead and low expected returns serving as a cautionary signal [11] - The divergence in expectations between sophisticated analysts and the crowd can be leveraged by disciplined investors to capture returns [12] Current High-Return Candidates - Columbus McKinnon (NASDAQ: CMCO) is projected to have steady earnings growth despite recent market concerns, indicating potential for strong returns as cyclical headwinds fade [14] - B&G Foods (NYSE: BGS) is expected to stabilize costs and maintain its dividend policy, presenting a contrarian income opportunity with significant upside potential [15] - KinderCare Learning Companies (NYSE: KLC) is anticipated to benefit from long-term demand tailwinds in early childhood education, suggesting outsized returns as short-term uncertainties resolve [17]

Company Overview - Columbus McKinnon (CMCO) has a total addressable market of $20 billion[7] - CMCO's net sales are approximately $1 billion[7] - CMCO's 5-year sales growth CAGR is approximately 4%[7] - CMCO's adjusted EBITDA margin is approximately 15-16%[7] Kito Crosby Acquisition - Kito Crosby's 2024 revenue was $1.1 billion[35] - Kito Crosby's revenue CAGR from 2021 to 2024 was 7%[35] - Kito Crosby serves over 600,000 end-users[35] Financial Performance - In FY24, CMCO's net income was $46.625 million, with an adjusted EBITDA of $166.653 million and an adjusted EBITDA margin of 16.4%[52] - In FY25, CMCO's net loss was $5.138 million, with an adjusted EBITDA of $150.495 million and an adjusted EBITDA margin of 15.6%[52] - In Q2 FY26, CMCO's net loss was $15.665 million, with an adjusted EBITDA of $143.765 million and an adjusted EBITDA margin of 15.0%[52]

Q2 2025 Financial Performance - Net sales decreased by 48% to $2096 million compared to Q2 2024[10, 22] - Adjusted operating income decreased by 209% to $228 million, with the adjusted operating income margin decreasing by 220 basis points to 109%[10, 22] - Adjusted net income decreased by 215% to $114 million, and diluted EPS decreased by 205% to $031[10] - The company generated strong free cash flow of $247 million, an increase of $148 million from the previous year[10] Segment Results - Material Handling net sales decreased by 44% to $1586 million, and adjusted operating income decreased by 109% to $289 million[31] - Distribution net sales decreased by 60% to $510 million, and adjusted operating income decreased by 444% to $16 million[33] Strategic Initiatives and Outlook - The company is launching a strategic review of Myers Tire Supply (MTS), which represents $189 million in sales over the last twelve months (LTM)[13] - The company is consolidating rotational molding production capacity by idling two of nine facilities, expecting at least $3 million in annual savings[15] - The company is tracking to achieve $20 million in cost savings by the end of 2025, primarily in SG&A[15, 41] - The company maintains a capital expenditure target of 3% of sales, focusing on high-growth opportunities[16, 39]

Q2 2025 Performance - Bookings increased by 7% to $269.4 million compared to $251.7 million in Q2 2024[11] - Revenue decreased by 7.1% to $255.3 million compared to $274.8 million in Q2 2024[11] - Net income decreased by 16.4% to $26.2 million compared to $31.3 million in Q2 2024[11] - Adjusted EBITDA decreased by 15.2% to $52.4 million compared to $61.8 million in Q2 2024[11] - Free cash flow increased by 58.1% to $36.5 million compared to $23.1 million in Q2 2024[11] Segment Performance - Flow Control revenue increased by 4% to $95.9 million, while bookings decreased by 1.1% to $93.1 million[15] - Industrial Processing revenue decreased by 16.4% to $95.9 million, but bookings increased by 9% to $105.4 million[20] - Material Handling revenue decreased by 6.4% to $63.4 million, but bookings increased by 16.5% to $70.9 million[25] Financial Position - Cash, cash equivalents, and restricted cash increased to $97.2 million[42] - Debt decreased to $247.2 million[42] Guidance - The company expects FY 2025 revenue of $1.020 to $1.040 billion[46]

Company Overview - Columbus McKinnon Corporation is a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling [3] - The company focuses on commercial and industrial applications that require safety and quality through superior design and engineering [3] Upcoming Financial Results - Columbus McKinnon will release its first quarter fiscal 2026 results before the market opens on July 30, 2025 [1] - Management will host a conference call at 10:00 a.m. Eastern Time to review financial and operating results and discuss corporate strategy and outlook [2] Conference Call Details - The conference call will be available via live webcast on the company's Investor Relations webpage [2] - A replay of the call will be accessible approximately two hours after the call, available until August 13, 2025 [2]