Columbus McKinnon Reports 23.9% Revenue Growth to $1.19 Billion for Fiscal Year 2026

Columbus McKinnon Corporation reported a significant increase in financial performance for the fiscal year ending March 31, 2026, with total sales reaching $1.19 billion, a 23.9% increase from $963 million in the previous fiscal year. This growth was primarily driven by the recent acquisition of Kito Crosby, which contributed approximately $188 million to sales. Additionally, price increases and higher sales volumes added $21.5 million and $10.2 million, respectively, while foreign currency translation positively impacted sales by $24.6 million. However, the divestiture of the U.S. power chain hoist and chain manufacturing operations resulted in a decrease of $14 million in sales.

The company's gross profit for fiscal 2026 was $359.4 million, representing 30.1% of net sales, down from 33.8% in fiscal 2025. The increase in gross profit was attributed to the Kito Crosby acquisition, which added $29.2 million to gross profit, although this was offset by inventory step-up amortization expenses of $36.8 million. Other factors affecting gross profit included material inflation and tariffs, which accounted for $5.9 million, and a less favorable sales mix that contributed $7.9 million in losses. Selling expenses rose to $133.6 million, while general and administrative expenses surged to $178.3 million, largely due to integration costs associated with the Kito Crosby acquisition.

Operationally, Columbus McKinnon had a backlog of orders totaling approximately $519.6 million as of March 31, 2026, a significant increase from $322.5 million the previous year. This backlog was bolstered by the Kito Crosby acquisition, which accounted for nearly $200 million of the total. The company also reported a global employee count of approximately 7,300, reflecting its expansion efforts. The acquisition of Kito Crosby, which added over 4,000 employees, is expected to enhance the company's market position and operational capabilities.

Looking ahead, Columbus McKinnon anticipates continued growth driven by the integration of Kito Crosby and the expansion of its product offerings. The company is focused on enhancing its operational efficiency and market share through strategic initiatives, including product localization and geographic expansion. However, management has acknowledged potential risks, including economic conditions, competition, and supply chain challenges, which could impact future performance. The company remains committed to leveraging its strong cash flow and liquidity position to support ongoing operations and strategic investments.