Key Points – Strong Q1 performance: Pro forma sales rose 10% year over year, while adjusted EBITDA increased 242% to $111.5 million and adjusted EPS reached $0.61, up from $0.50.
Growth was strongest in the Americas and Asia-Pacific, though EMEA remained challenged. – Fiscal 2027 outlook raised: Columbus McKinnon now expects sales of $2.09 billion to $2.15 billion, adjusted EBITDA of $405 million to $420 million, and adjusted EPS of $1.90 to $2.10
Management expects the second quarter to be the fiscal-year low point before margins improve in the second half. – Cash flow and integration progress supported deleveraging: The company generated $32.4 million in first-quarter free cash flow and paid down $18.4 million of debt, reducing net leverage to 4.9 times. Management continues targeting $70 million in annual Kito Crosby synergies and leverage below 4 times by fiscal 2028. Columbus McKinnon (NASDAQ:CMCO) reported a first-quarter fiscal 2027 performance that management said exceeded expectations, aided by its first full quarter operating after the acquisition of Kito Crosby and the divestiture of its legacy U.S.
Power Chain hoist and chain operations. President and Chief Executive Officer David Wilson said pro forma sales rose 10% year over year, with broad-based growth across the company’s platforms. Demand was strongest in the Americas and Asia-Pacific, while Europe, the Middle East and Africa remained softer amid geopolitical and macroeconomic uncertainty.