COLUMBUS MCKINNON CORP reported full year fiscal 2026 financial results, which ended March 31, 2026 results: revenue $1.2 billion, EPS GAAP Loss Per Common Share of $7.40. Guidance initiated.
“of Adjusted EPS and incremental interest expense related to the Kito Crosby Acquisition 1 Fiscal Year 2026 Highlights (compared with prior year period) • Record orders of $1.2 billion increased 20% primarily due to the Kito Crosby Acquisition 1 • Net sales of $1.2 billion increased 24% primarily due to the Kito Crosby Acquisition 1 with a 7% increase in Legacy”
Earnings Releases
COLUMBUS MCKINNON CORP reported the fourth quarter, which ended March 31, 2026 results: revenue $437.8 million, EPS GAAP Loss Per Common Share of $5.78.
“the impact of the Kito Crosby Acquisition 1 ; Backlog of $519.6 million with Legacy CMCO 3 backlog of $319.7 million and including $199.9 million from Kito Crosby • Net sales of $437.8 million increased 77% primarily due to the impact of the Kito Crosby Acquisition 1 with a 7% increase in Legacy CMCO Net Sales 4 • Net loss attributable to the Company of $238 million”
M&A Transactions
COLUMBUS MCKINNON CORP completed a disposition involving Star Hoist Intermediate, LLC for $210.0 million in cash (closed 2026-03-04).
“On March 4, 2026, upon the terms and subject to the conditions set forth in the Equity Purchase Agreement, the Company completed the Divestiture. The aggregate consideration paid to the Company at the closing of the Divestiture was $210.0 million in cash, subject to customary adjustments for a transaction of this type, including working capital, to the extent actual working capital exceeded the negotiated upper or lower thresholds, indebtedness and transaction expenses.”
Governance Changes
COLUMBUS MCKINNON CORP: Filed a certificate of amendment to increase authorized shares and permit preemptive rights (effective 2026-01-29).
“On January 29, 2026 and as contemplated by the Investment Agreement, the Company filed a certificate of amendment (the “Authorized Shares and Preemptive Rights Amendment”) to the Company’s Restated Certificate of Incorporation with the New York State Department of State to (i) increase the number of authorized shares of the Company’s capital stock from 51,000,000 shares to 101,000,000 shares and to increase the number of authorized Common Shares from 50,000,000 Common Shares to 100,000,000 and (ii) permit the exercise by the CD&R Investor and its affiliated funds of preemptive rights provided for in the Investment Agreement for so long as the CD&R Investor and its affiliated funds hold Preferred Shares (or Common Shares issued upon conversion of the Preferred Shares) representing at least 25% of the Preferred Shares initially issued to the CD&R Investor to participate in future equity and equity-linked issuances by the Company to the extent necessary to maintain their pro rata ownershi”
Governance Changes
COLUMBUS MCKINNON CORP: Filed a certificate of amendment to establish rights, preferences, privileges, qualifications, restrictions and limitations of new Preferred Shares (effective 2026-01-29).
“On January 29, 2026 and as contemplated by the Investment Agreement, the Company filed a certificate of amendment (the “Preferred Shares Amendment”) to the Company’s Restated Certificate of Incorporation with the New York State Department of State establishing the rights, preferences, privileges, qualifications, restrictions and limitations of the new Preferred Shares.”
Debt Financings
COLUMBUS MCKINNON CORP incurred senior notes of $900.0 million with Wilmington Trust, National Association at 7.125% per annum maturing due 2033.
“On January 30, 2026, the Company completed an offering of $900.0 million in aggregate principal amount of its 7.125% Senior Secured Notes due 2033 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), outside the United States to certain persons in reliance on Regulation S under the Securities Act or to “institutional” accredited investors (as defined in Rule 501(a)(1), (2), (3), (7), (8), (9), (12) or (13) under Regulation D promulgated under the Securities Act).”
Debt Financings
COLUMBUS MCKINNON CORP incurred revolving credit of $500.0 million with JPMorgan Chase Bank, N.A., as Administrative Agent at term SOFR plus margin ranging from 2.25% to 3.25% based upon the Company’s Conso maturing five years after the closing date of the Kito Crosby Acquisition and the entry into the New Credit Agreement.
“Revolving Facility: An aggregate $500.0 million Revolving Facility, which includes sublimits for the issuance of letters of credit and bankers’ acceptances, swingline loans and multi-currency borrowings in certain specified foreign currencies. The Revolving Facility matures five years after the closing date of the Kito Crosby Acquisition and the entry into the New Credit Agreement.”
Debt Financings
COLUMBUS MCKINNON CORP incurred term loan of $1,650.0 million with JPMorgan Chase Bank, N.A., as Administrative Agent at term SOFR plus 3.50% maturing seven years after the closing date of the Kito Crosby Acquisition and the entry into the New Credit Agreement.
“Term Loan B Facility: An aggregate $1,650.0 million Term Loan B Facility, which requires quarterly principal amortization of 0.25% with the remaining principal due at the maturity date.”
Material Agreements
COLUMBUS MCKINNON CORP entered into Indenture with Wilmington Trust, National Association, as trustee valued at $900.0 million in aggregate principal amount (effective 2026-01-30).
“The Notes were issued pursuant to an indenture, dated as of January 30, 2026 (the “Indenture”), between the Company and Wilmington Trust, National Association, as trustee (the “Trustee”) and as note collateral agent (the “Note Collateral Agent”).”
Material Agreements
COLUMBUS MCKINNON CORP entered into New Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent valued at $1,650.0 million (effective 2026-02-03).
“On February 3, 2026, and in connection with the closing of the Kito Crosby Acquisition, the Company, Columbus McKinnon EMEA GmbH and certain other subsidiaries of the Company entered into a credit agreement (the “New Credit Agreement”) with the lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent and Collateral Agent.”
M&A Transactions
COLUMBUS MCKINNON CORP completed an acquisition involving Kito Crosby for $2.7 billion in cash (closed 2026-02-03).
“On February 3, 2026, upon the terms and subject to the conditions set forth in the Stock Purchase Agreement, the Company completed the Kito Crosby Acquisition. The aggregate consideration paid by the Company was $2.7 billion in cash, subject to certain customary adjustments with respect to, among other things, cash, debt, transaction expenses and working capital set forth in the Stock Purchase Agreement.”
Material Agreements
COLUMBUS MCKINNON CORP entered into Equity Purchase Agreement with Star Hoist Intermediate, LLC valued at $210,000,000 (effective 2026-01-13).
“On January 13, 2026, Columbus McKinnon Corporation (the “Company” or “Seller”) entered into an Equity Purchase Agreement (the “Agreement”) by and among the Company, Star Hoist Intermediate, LLC (“Buyer”) and Royal NY Company Holdings, LLC (“Holdings”) providing for the sale (the “Sale”) of 100% of the equity interests of Holdings and the Company’s U.S. power chain hoist (other than with respect to Little Mule ® products) and chain manufacturing operations (the “Business”).”
Debt Financings
COLUMBUS MCKINNON CORP amended credit facility of $55.0 million to $60.0 million with Wells Fargo Bank, National Association at one month secured overnight funding rate (SOFR) plus 110 basis points maturing June 19, 2026 to August 11, 2028.
“amount of revolving loans (the “Revolving Loans”) available to be borrowed, from time to time, by the SPV Borrower under the terms of the AR Facility Credit Agreement from $55.0 million to $60.0 million; (iii) eliminates the additional 0.10% credit spread adjustment previously payable as part of the interest calculation under the AR Facility Credit Agreement,”
Bert A. Brant departed as Senior Vice President, Global Operations at COLUMBUS MCKINNON CORP.
“Bert A. Brant will retire from his position as Senior Vice President, Global Operations of the Company effective as of February 28, 2025”
Jon Adams changed role as President, Americas at COLUMBUS MCKINNON CORP.
“Upon Mr. Schadeberg’s retirement, Jon Adams, currently CFO America’s will assume the position of President, Americas, of the Company.”
Terry J. Schadeberg departed as President, Americas at COLUMBUS MCKINNON CORP.
“On August 6, 2024, Terry J. Schadeberg, President, Americas, of Columbus McKinnon Corporation (the “Company”) notified the Company that he plans to retire from the Company effective September 20, 2024.”
Debt Financings
COLUMBUS MCKINNON CORP amended term loan with JPMorgan Chase Bank, N.A., as administrative agent at 2.50% for term SOFR borrowings and 1.50% for base rate borrowings.
“The Fourth Amendment reduces the interest rate margin applicable to the term loan B outstanding under the Credit Agreement (the “Term Loan B”) by 25 basis points for both term SOFR borrowings and base rate borrowings.”
Material Agreements
COLUMBUS MCKINNON CORP amended Fourth Amendment with JPMorgan Chase Bank, N.A., as administrative agent, and the other agents parties thereto valued at reduces the interest rate margin applicable to the term loan B outstanding under the Credit Agreemen (effective 2024-03-18).
“On March 18, 2024, Columbus McKinnon Corporation (the “Company”) entered into a Fourth Amendment (the “Fourth Amendment”) to the Amended and Restated Credit Agreement, dated as of May 14, 2021, by and among the Company, Columbus McKinnon EMEA GmbH, the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents parties thereto, as amended (the “Credit Agreement”).”
Chris J. Stephens Jr. was elected as Director at COLUMBUS MCKINNON CORP.
“On March 18, 2024, Columbus McKinnon Corporation (the "Company") announced the election of Chris J. Stephens Jr. to its Board of Directors (the "Board"), effective immediately.”
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