CHARLOTTE, N.C., Feb. 9, 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 financial results for its fiscal year 2026 third quarter, which ended December 31, 2025. Third Quarter 2026 Highlights (compared with prior-year period, except where otherwise noted) "Our team delivered double-digit sales, order and EPS growth in the quarter, ahea ...

Core Viewpoint - Columbus McKinnon has completed the acquisition of Kito Crosby, aiming to enhance its market position and deliver significant cost synergies of $70 million annually, while also improving Adjusted EBITDA Margin and shareholder value [1]. Group 1: Acquisition Details - The acquisition of Kito Crosby is expected to scale the business and create a global leader in lifting solutions, enhancing capabilities across diverse markets [1]. - The acquisition was approved after 14 regulatory reviews, including clearance from the U.S. Department of Justice [1]. - Columbus McKinnon anticipates potential revenue synergies in addition to the expected cost synergies [1]. Group 2: Executive Leadership Team - A new Executive Leadership Team has been appointed to lead the combined organization, featuring leaders from both Columbus McKinnon and Kito Crosby [1]. - David J. Wilson will serve as President and CEO, with Gregory Rustowicz as Executive Vice President and CFO [1]. - The leadership team aims to leverage their combined expertise to drive innovation and operational excellence [1]. Group 3: Board of Directors - Columbus McKinnon expanded its Board of Directors from 9 to 12 members, adding three new directors with significant experience in the industrials sector [1]. - The new board members are Michael Lamach, Nate Sleeper, and Andrew Campelli, who will contribute to creating lasting value [1]. Group 4: Company Background - Columbus McKinnon is a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling [2]. - Kito Crosby is recognized as a global leader in the lifting and securement industry, with over 260 years of innovation [2].

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 - 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 - 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 is offering $1,225.0 million in senior secured notes to finance the acquisition of Kito Crosby Limited, with the offering subject to market conditions [1][2]. Financing Details - The net proceeds from the notes offering 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 offering is not contingent upon the completion of the acquisition, but the notes 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]. 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 the company's assets and guaranteed by its U.S. subsidiaries [4]. 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]. Company Overview - Columbus McKinnon is a leading designer, manufacturer, and marketer of intelligent motion solutions, focusing on commercial and industrial applications that require safety and quality [7].

Core Viewpoint - Columbus McKinnon Corporation has announced preliminary unaudited financial results for its third quarter ending December 31, 2025, indicating expected growth in net sales and adjusted EBITDA compared to previous periods [1][2]. Financial Performance - The company anticipates net sales between $250 million to $260 million for Q3 2025 and between $747 million to $757 million for the nine months ended December 31, 2025 [2]. - Adjusted EBITDA is expected to range from $38 million to $40 million for Q3 2025 and between $115 million to $117 million for the nine months ended December 31, 2025 [2]. - Adjusted EPS is projected to be between $0.58 to $0.63 for Q3 2025 and between $1.70 to $1.75 for the nine months ended December 31, 2025 [3]. Orders and Backlog - The company estimates that orders received during Q3 2025 will be between $245 million and $250 million, a decrease from $253.7 million in Q2 2026 [3]. - Backlog is expected to be between $335 million and $345 million as of December 31, 2025, reflecting a 3% decrease from $351.6 million in Q2 2026 but a 5% increase from $322.5 million at the end of fiscal 2025 [4]. Acquisition and Divestiture - The preliminary financial results do not account for the pending acquisition of Kito Crosby Limited or the divestiture of its U.S. power chain hoist and chain manufacturing operations [5]. Adjusted EBITDA Definition Update - The company has revised its definition of Adjusted EBITDA to include stock-based compensation expense, aiming to provide investors with a clearer understanding of underlying performance [5].

Core Viewpoint - Columbus McKinnon Corporation has announced a definitive agreement to sell its U.S. power chain hoist and chain manufacturing operations for $210 million, with a potential earn-out of $25 million, to Pacific Avenue Capital Partners, aiming to simplify its portfolio and reduce debt while progressing towards the acquisition of Kito Crosby Limited [1][2][3]. Divestiture Details - The divestiture involves operations based in Damascus, Virginia, and Lexington, Tennessee, and is expected to close in the first quarter of calendar year 2026 [1]. - Cash proceeds of approximately $160 million are anticipated to be used for debt reduction related to the acquisition of Kito Crosby, aligning with the company's capital allocation priority [2]. Strategic Rationale - The divestiture is seen as a means to simplify the company's portfolio and reduce product redundancies with Kito Crosby, enhancing the combined business's customer value proposition [3][4]. - The acquisition of Kito Crosby is expected to create significant scale and capabilities, improving service across diverse markets [4][5]. Financial Outlook - The company expects to achieve $70 million in annual net run rate cost synergies post-acquisition, contributing to a projected Adjusted EBITDA margin in the mid-20% range [5][9]. - Following the acquisition and divestiture, the company anticipates combined net sales of approximately $2.00 billion to $2.05 billion and Adjusted EBITDA between $440 million and $460 million for fiscal 2026 [9]. Regulatory Process - Columbus McKinnon is actively working with the Antitrust Division of the U.S. Department of Justice to facilitate the acquisition's closure within the expected timeline [4][6]. Future Capital Allocation - The primary focus for capital allocation post-transaction will be on debt reduction, with expectations to achieve a Net Leverage Ratio below 4.0x by the end of fiscal 2028 [8][9].

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]