Columbus McKinnon Reports Strong Q1 Fiscal 2027 Performance and Raises Full-Year Outlook
Columbus McKinnon (NASDAQ:CMCO) reported strong first-quarter fiscal 2027 results, with pro forma sales rising 10% year over year to $531.5 million. Adjusted EBITDA surged by 242% to $111.5 million and adjusted EPS reached $0.61 from $0.50 in the prior period. The company attributed its performance to a full quarter of operations post-acquisition of Kito Crosby, as well as favorable demand across several markets. Columbus McKinnon raised its fiscal 2027 outlook for sales, adjusted EBITDA, and EPS due to strong Q1 results and improved integration visibility. The company now expects $2.09 billion to $2.15 billion in sales, with an adjusted EBITDA range of $405 million to $420 million and adjusted EPS between $1.90 and $2.10. Management anticipates Q2 as the weakest quarter before margins improve later in the year. The company generated $32.4 million in free cash flow during the first quarter, used $18.4 million to pay down debt, and reduced net leverage to 4.9 times EBITDA. Columbus McKinnon remains on track for $70 million in annual Kito Crosby synergies and aims to reduce leverage below four times by fiscal 2028.
Tickers: $CMCO
Topics: deleveraging ebitda growth financial performance sales outlook