KALMAR CORPORATION, STOCK EXCHANGE RELEASE, 26 FEBRUARY 2026 AT 10:00 AM (EET)Kalmar’s Annual Report has been publishedKalmar’s Annual Report 2025 and financial statements for the financial year 1 January–31 December 2025 have been published in English and Finnish. The Annual Report 2025 includes the financial statements, the Board of Directors' report and the remuneration report. The Annual Report also includes the Corporate Governance statement and Sustainability statement, as part of the Board of Directo ...

Core Insights - Kalmar has launched the TT7 series terminal tractor, specifically designed for the European market, aimed at enhancing port terminal, yard, distribution, and logistics operations [1][9] Product Features - The TT7 series has been re-engineered based on extensive customer feedback, featuring a heavy-duty galvanised steel frame and reinforced axles for maximum structural integrity and corrosion resistance [2] - The launch includes three models: TT770 with a gross combined weight (GCW) of 70,000 kg and a lifting capacity of 20,000 kg, TT785 with a GCW of 85,000 kg and a lifting capacity of 28,000 kg, and TT795 with a GCW of 95,000 kg and a lifting capacity of 32,000 kg [7] - In 2026, the range will expand to include a heavy-duty variant and a fully electric variant [2] Ergonomics and Safety - The TT7 series cabin is designed with a focus on ergonomics and safety, featuring superior visibility with one of the widest front view windscreens in the industry, large rear windows, and convex side mirrors [7] - Enhanced comfort is provided through improved cabin suspension, climate control, and a rotatable seat [7] - Operators can monitor key performance metrics using the electronic control system, which includes features like LED lighting and a neutral start switch [7] Customer-Centric Development - Thor Brenden, President of Terminal Tractors, emphasized that the TT7 will help port and terminal operators tackle challenging cargo and container handling tasks, reflecting the company's commitment to customer feedback in product development [4]

Core Insights - Columbus McKinnon reported strong fiscal Q3 results with double-digit year-over-year growth in sales, orders, adjusted EPS, and backlog, indicating robust operational performance and market demand [1][5][6] Financial Performance - Net sales reached $258.7 million, a 10.5% increase from the previous year, driven by higher volume, pricing, and favorable currency translation [1][5] - Orders increased by 11% to $247 million, with notable growth in the U.S. (up 15%) and modest growth in EMEA (up 3%) [6][14] - Adjusted EBITDA was approximately $39.8 million, reflecting a margin of 15.4%, with GAAP income per diluted share at $0.21, up $0.07 year-over-year [7][10] Strategic Initiatives - The company closed the acquisition of Kito Crosby, which is viewed as a transformational move, and is now focusing on integration and synergy capture [2][3][6] - Columbus McKinnon has set a target for $70 million in net run-rate cost synergies, with a realization cadence of 20% in year one, 60% in year two, and 100% in year three [1][6] Financing and Debt Management - A significant financing package was completed, including a $1.65 billion Term Loan B and $900 million in senior notes, with plans to use approximately $160 million from divestiture proceeds for debt repayment [4][19] - The company aims to reduce net leverage to below 4x by FY2028, prioritizing deleveraging as a key capital allocation strategy [4][13] Market Outlook and Demand - U.S. demand is expected to remain stable, supported by lower interest rates and favorable tax legislation, while EMEA is anticipated to experience choppiness in demand [14][15] - Management highlighted strength in various end markets, including general industrial, automation, and construction, while noting slower demand in certain sectors like energy and utilities [15] Guidance and Future Plans - Due to the acquisition and divestiture uncertainties, the company has withdrawn its standalone FY2026 guidance and plans to provide FY2027 guidance in May 2026 [16] - The combined company is expected to double its revenue base and enhance its position as a global provider of intelligent motion solutions for material handling [17]

Core Viewpoint - Columbus McKinnon Corporation (NASDAQ:CMCO) has maintained a stable consensus price target of $15 over the past year, indicating a steady outlook from analysts, while some analysts project a significantly higher target of $57, suggesting a potential upside of 104.1% [1][2][5] Group 1: Price Target Analysis - The average price target for CMCO has consistently been $15 across the last month, quarter, and year, reflecting analysts' steady outlook on the company's stock performance [2][5] - Analysts from Barrington have set a higher price target of $57, indicating a potential upside of 104.1%, which highlights a discrepancy in price targets among analysts [2][5] Group 2: Earnings and Company Developments - Recent company developments and earnings reports are crucial for investors, as positive trends in earnings estimate revisions could lead to a significant increase in the stock's value [3][5] - Despite the unchanged consensus price target, analysts maintain a positive outlook, suggesting potential growth opportunities for CMCO's stock [4][5] Group 3: Market Conditions - Keeping an eye on broader market conditions and company-specific news can provide additional insights into potential stock movements, indicating that external factors may influence CMCO's stock performance [4]

Core Viewpoint - Columbus McKinnon Corporation has successfully completed the offering of $900 million in senior secured notes to finance the acquisition of Kito Crosby Limited, which includes repaying Kito Crosby's existing debt and refinancing some of Columbus McKinnon's own debt [1][2]. Group 1: Offering Details - The company issued $900 million in aggregate principal amount of 7.125% senior secured notes due 2033 [1]. - The offering of the notes is not contingent upon the completion of the acquisition of Kito Crosby [3]. - The notes will be subject to mandatory redemption if the acquisition does not close by August 10, 2026, or if the company determines that the acquisition will not occur by that date [3]. Group 2: Use of Proceeds - The net proceeds from the notes will be used to finance the acquisition, repay Kito Crosby's existing indebtedness, refinance certain existing debts of Columbus McKinnon, and cover related fees and expenses [2]. Group 3: Security and Guarantees - Initially, the notes are unsecured and not guaranteed by any subsidiary of the company; however, post-acquisition, they will be secured by a first priority interest in substantially all assets of the company and its U.S. subsidiaries [4]. - The notes will be unconditionally guaranteed on a senior secured basis by the company's U.S. subsidiaries following the acquisition [4]. Group 4: Regulatory Information - The notes and related guarantees have not been registered under the Securities Act of 1933 and are sold only to qualified institutional buyers and accredited investors [5].

Core Viewpoint - Kalmar Corporation will publish its financial statements review for January–December 2025 on 13 February 2026 at approximately 9:00 a.m. EET [1] Group 1: Financial Reporting - The financial statements review will be available on Kalmar's investor website after publication [1] - A live international telephone conference for analysts, investors, and media will be held on the publishing day at 10:00 a.m. EET [2] - The presentation will be conducted by President & CEO Sami Niiranen and CFO Sakari Ahdekivi [2] Group 2: Conference Participation - Participants can register for the teleconference via a provided link, after which conference phone numbers and a conference ID will be shared [3] - The event will also be available as a live webcast, with a recorded version published later on Kalmar's website [4] Group 3: Company Overview - Kalmar is a global leader in sustainable material handling equipment and services, operating in over 120 countries with approximately 5,200 employees [6] - In 2024, Kalmar's sales totaled approximately EUR 1.7 billion [6]

Core Viewpoint - Columbus McKinnon Corporation will release its third quarter fiscal 2026 results on February 9, 2026, after market close [1] Group 1: Financial Results Announcement - The company will host a conference call on February 9, 2026, at 5:00 p.m. Eastern Time to discuss financial and operational results [2] - The conference call will be available via live webcast on the company's Investor Relations webpage, with a replay accessible until February 16, 2026 [2] Group 2: Company Overview - Columbus McKinnon is a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling [3] - The company focuses on commercial and industrial applications, providing safety and quality through superior design and engineering [3] - Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems [3]

Core Viewpoint - The Shareholders' Nomination Board of Kalmar Corporation proposes the re-election of current board members and the election of a new member, Carita Himberg, while maintaining the board size at eight members [1][2]. Board Composition - The Nomination Board recommends re-electing Mr. Jaakko Eskola, Mr. Lars Engström, Mr. Marcus Hedblom, Mr. Vesa Laisi, Mr. Casimir Lindholm, Mrs. Sari Pohjonen, and Mrs. Emilia Torttila-Miettinen [2]. - Carita Himberg is proposed as a new board member, bringing experience in people and culture from various industries [2]. Leadership Positions - The Nomination Board suggests re-electing Jaakko Eskola as Chair and Casimir Lindholm as Vice Chair of the Board of Directors [3]. Governance Structure - The Nomination Board emphasizes the importance of a separate governance structure, ensuring that the proposed board possesses the necessary expertise and complies with the Finnish Corporate Governance Code [5]. Remuneration Proposal - Fixed annual remuneration for board members is proposed, with additional fees for committee members and meeting attendance based on location [6][12]. - Approximately 40% of the fixed yearly remuneration will be paid in Kalmar's class B shares, with the aim to purchase shares after the Q1 2026 interim results [7]. Travel and Expense Reimbursement - Board members will have travel and accommodation expenses reimbursed according to Kalmar's policies [8]. Nomination Board Composition - The Nomination Board includes representatives from various investment firms, ensuring a diverse perspective in the nomination process [13]. Company Overview - Kalmar Corporation, headquartered in Helsinki, operates globally in over 120 countries, focusing on sustainable material handling equipment and services, with sales totaling approximately EUR 1.7 billion in 2024 [14].

Core Viewpoint - Columbus McKinnon Corporation has successfully syndicated and priced a new $1,650.0 million senior secured term loan B due 2033 to finance its acquisition of Kito Crosby Limited [1][2] Group 1: Financing Details - The new term loan will be issued at a price equal to 99.0% of its face value and will bear interest at SOFR plus 3.50% [1] - The net proceeds from the term loan, along with other financing sources including a private offering of $900.0 million in senior secured notes and a new revolving facility of $500.0 million, will be used to finance the acquisition, refinance existing debt, and cover related fees and expenses [2] Group 2: Company Overview - Columbus McKinnon is a leading designer, manufacturer, and marketer of intelligent motion solutions, focusing on commercial and industrial applications [4] - The company's key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems [4]

Core Viewpoint - Columbus McKinnon Corporation has priced its offering of $900 million in senior secured notes to finance the acquisition of Kito Crosby Limited, with the offering size reduced from $1.225 billion to $900 million [1][2]. Group 1: Offering Details - The offering consists of 7.125% senior secured notes due in 2033, expected to close on January 30, 2026, pending customary closing conditions [1]. - The net proceeds from the notes will be used to finance the acquisition, repay Kito Crosby's existing debt, refinance Columbus McKinnon's existing debt, and cover related fees and expenses [2]. - The notes are not contingent on the acquisition's completion and will be subject to mandatory redemption if the acquisition does not close by August 10, 2026, or if the company determines it will not occur by that date [3]. Group 2: Security and Guarantees - Initially, the notes will be unsecured and not guaranteed by any subsidiary. After the acquisition, they will be secured by a first priority interest in substantially all assets of the company and its U.S. subsidiaries [4]. - The notes will be unconditionally guaranteed on a senior secured basis by the company's U.S. subsidiaries that will guarantee the new credit agreement related to the acquisition [4]. Group 3: Regulatory Information - The notes and related guarantees will not be registered under the Securities Act of 1933 and will be offered only to qualified institutional buyers and certain accredited investors [5].