Columbus McKinnon Corporation (CMCO) is a global leader in designing, manufacturing, and distributing sophisticated motion solutions. These innovative systems are engineered to ...
Columbus McKinnon Corporation (CMCO) is a global leader in intelligent motion control and material handling, with a history dating back to 1875. The company designs, manufactures, and distributes a wide range of products including hoists, cranes, rigging equipment, actuators, and advanced power and motion technology. Its products serve diverse sectors ...Columbus McKinnon Corporation (CMCO) is a global leader in intelligent motion control and material handling, with a history dating back to 1875. The company designs, manufactures, and distributes a wide range of products including hoists, cranes, rigging equipment, actuators, and advanced power and motion technology. Its products serve diverse sectors such as general manufacturing, transportation, energy, construction, food and beverage, and e-commerce. Headquartered in Charlotte, North Carolina, CMCO employs over 7,000 people worldwide and operates through a network of distributors, OEMs, and direct sales. The company focuses on ergonomic and secure movement solutions, emphasizing innovation and sustainability. Financially, CMCO has a market cap of approximately $583 million, with a revenue per share of $51.71, though it has faced recent profitability challenges as indicated by negative net income and operating margins. Key executives include CEO David J. Wilson, who joined in 2020, and the company continues to expand through acquisitions, such as the recent purchase of Kito Crosby. With over 150 years of experience, CMCO is committed to moving the world forward through smart lifting and motion control solutions.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.2B
+23.9%
+21.4%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-229.5M
-4367.4%
+62.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+30.1%
-10.9%
+17.1%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-1.9%
-133.5%
+74.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-19.2%
-3504.9%
+69.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-164.1M
-777.9%
+111.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-13.7%
-647.1%
+109.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
171.8%
+180.3%
+1.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.02x
+11.9%
-1.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good morning, and welcome to Columbus McKinnon's Fourth Quarter and Full Year Fiscal 2026 Earnings Conference Call. My name is Joanna, and I will be your conference operator today. As a reminder, this call is being recorded. I would now like to turn the conference over to Kristy Moser, Vice President of Investor Relations and Treasurer. Please go ahead.
Kristine Moser: Thank you, and welcome, everyone, to our call. On today's call, we will be covering our full year and fourth quarter fiscal 2026 financial and operational results. As a reminder, our results reflect the completion of the Kito Crosby acquisition closed on February 3, 2026, and the divestiture of Columbus McKinnon's legacy U.S. power chain hoist and chain operations on March 4, 2026. On the call with me today are David Wilson, our President and Chief Executive Officer; and Greg Rustowicz, our Chief Financial Officer. In a moment, David and Greg will walk you through our financial and operating performance for the quarter. The earnings release and presentation to supplement today's call are available for download on our Investor Relations website at investors.cmco.com. Before we begin our remarks, please let me remind you that we will have our safe harbor statement on Slide 2. During the course of this call, management may make forward-looking statements in regards to our current plans, beliefs and expectations. These statements are not guarantees of future performance and are subject to a number of risks and uncertainties and other factors that can cause actual results and events to differ materially from the results and events contemplated by these forward-looking statements. I'd also like to remind you that management will refer to certain non-GAAP financial measures. You can find reconciliations to the most directly comparable GAAP financial measures on the company's Investor Relations website and in its filings with the Securities and Exchange Commission. Please see our earnings release and our filings with the Securities and Exchange Commission for more information. Today's prepared remarks will be followed by a question-and-answer session. We will respectfully ask that you limit yourself to 1 question and 1 follow-up question. With that, I will turn the call over to David.
David Wilson: Thank you, Kristy, and good morning, everyone. Fiscal 26 was a defining year for Columbus McKinnon, one marked by meaningful strategic progress and disciplined execution across our operational, commercial and customer experience priorities. As we move further into the first full year as a combined company with Kito Crosby, we're even more optimistic about the future we are building together. Before I begin, I want to thank our more than 7,000 global team members. Their dedication and disciplined execution throughout this transformational period enabled us to deliver on several fiscal '26 objectives while advancing 2 highly strategic transactions through closure in the early stages of …