Columbus McKinnon Corporation (NASDAQ: CMCO) reported record orders of $1.2 billion for fiscal 2026, representing a 20% increase from the prior year, primarily driven by the Kito Crosby acquisition completed in February 2026.

Net sales reached $1.2 billion, up 24% year-over-year, with the Kito Crosby acquisition contributing significantly to growth. Legacy Columbus McKinnon net sales grew 7% when excluding the impact of acquisitions and divestitures.

The company reported a net loss attributable to shareholders of $230 million, or $7.40 per share, for fiscal 2026. This included a $200 million non-cash goodwill impairment charge, $36.8 million in acquisition-related inventory step-up costs, and $68.1 million in deal-related expenses, partially offset by a $103.3 million gain from a divestiture.

Adjusted EBITDA for the year was $181.4 million with a margin of 15.2%. For the fourth quarter, adjusted EBITDA reached $68.7 million with a 15.7% margin, up 130 basis points from the prior year quarter.

Columbus McKinnon completed the transformational Kito Crosby acquisition during the quarter and divested its U.S. power chain hoist operations as required by the transaction. The company ended fiscal 2026 with a credit agreement net leverage ratio of 5.1x and total liquidity of $561.2 million.

For fiscal 2027, the company issued guidance of $2.05 billion to $2.12 billion in net sales, adjusted EBITDA of $390 million to $410 million, and adjusted earnings per share of $1.70 to $1.90.

CEO David Wilson stated the company is making solid integration progress with the Kito Crosby acquisition and expects multiple avenues for growth and margin expansion in fiscal 2027.