Columbus McKinnon | 8-K: FY2027 Q1 Revenue Beats Estimate at USD 531.46 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2027 Q1, the actual value is USD 531.46 M, beating the estimate of USD 501.9 M.
EPS: As of FY2027 Q1, the actual value is USD -2.05.
EBIT: As of FY2027 Q1, the actual value is USD 28.22 M.
Financial Highlights for Q1 FY27 (Ended June 30, 2026)
Segment Revenue
Columbus McKinnon Corporation reported net sales of $531.5 million, an increase of 125% year-over-year . Orders reached $568.1 million, up 120%, resulting in a book-to-bill ratio of 1.1x . U.S. sales were $292.7 million, an increase of 116.3%, while non-U.S. sales grew by 137.4% to $238.8 million . The Kito Crosby Acquisition contributed $304.8 million to net sales, partially offset by a - $34.8 million impact from Divestiture . Legacy CMCO Net Sales Growth, adjusted for divestiture, was 12.7%, driven by 3.5% from pricing and 8.0% from volume . Total orders included $329 million from Kito Crosby . Backlog stood at $541 million, up 50% year-over-year, with the addition of $215 million from Kito Crosby .
Operational Metrics
Gross profit for the quarter was $146.3 million, an 89.4% increase from the prior year, compared to $77,222 thousand in Q1 FY26 . The gross margin was 27.5%, down from 32.7% in Q1 FY26 . Adjusted Gross Profit increased by 150.3% to $202.5 million, from $80,933 thousand in Q1 FY26 . Adjusted Gross Margin was 38.1%, up 380 basis points from 34.3% in Q1 FY26 . The company reported a net loss attributable to the Company of - $88.7 million, compared to a net loss of - $1.9 million in the prior-year period . This net loss included $70.3 million of acquisition and integration related expenses , specifically $55 million of non-cash acquisition inventory step-up expense and $15 million of integration-related costs . The net loss margin was -16.6% . Adjusted Net Income increased by 114% to $30.5 million, from $14.3 million in Q1 FY26 . Operating income was - $17,697 thousand, a decrease of -422.2% from $5,492 thousand in Q1 FY26, resulting in an operating margin of -3.3% . Adjusted EBITDA was $111.5 million, marking a 241.8% increase year-over-year from $32.6 million in Q1 FY26 . The Adjusted EBITDA Margin was 21.0%, an increase of 720 basis points from 13.8% in Q1 FY26 . RSG&A as a percent of sales was 24.2% in Q1 FY27, compared to 27.2% in Q1 FY26 . Adjusted RSG&A as a Percent of Sales was 21.1% in Q1 FY27, an improvement from 23.2% in Q1 FY26 .
Cash Flow
Cash flow provided by operations was $25.6 million, a significant improvement from - $18.2 million in Q1 FY26 . Capital expenditures totaled - $5.7 million, compared to - $3.2 million in Q1 FY26 . Free Cash Flow was $20.0 million, a turnaround from - $21.4 million in Q1 FY26 . Excluding $12.5 million in cash payments related to the Kito Crosby Acquisition, Free Cash Flow Excluding Deal Costs was $32.4 million, an increase of $50 million year-over-year .
Unique Metrics
The company ended the quarter with total liquidity of $567.1 million, including $98.4 million in cash and cash equivalents and $469 million in Revolving Credit Facility availability . The Credit Agreement Net Leverage Ratio was 4.9x at the end of Q1 FY27, down 0.2x sequentially from 5.1x in Q4 FY26 .
Fiscal Year 2027 Outlook
Columbus McKinnon Corporation is increasing its outlook for fiscal year 2027, which ends March 31, 2027 . The company now expects net sales to be between $2.09 billion and $2.15 billion, up from the prior guidance of $2.05 billion to $2.12 billion . Adjusted EBITDA guidance has been raised to $405 million to $420 million, and Adjusted EPS is projected to be $1.90 to $2.10 .
