CMCO 8-K

Columbus Mckinnon Corp (CMCO)

8-K 2026-01-29 For: 2026-01-28

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Added on April 08, 2026


13320 Ballantyne Corporate Place, Suite D	Charlotte	NC	28277
(Address of principal executive offices)			(Zip Code)


EXHIBIT NUMBER		DESCRIPTION

99.1		Unaudited Pro Forma Condensed Combined Financial Information, together with the notes thereto.

104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).


COLUMBUS McKINNON CORPORATION

By:		/s/ Gregory P. Rustowicz
Name:		Gregory P. Rustowicz
Title:		Executive Vice President - Finance and Chief Financial Officer (Principal Financial Officer)


	Columbus McKinnon Corporation (Historical)			Kito Crosby as reclassified (Note 2)			Kito Crosby Acquisition Adjustments			Note 4		Financing Adjustments			Note 5		Columbus McKinnon Corporation Adjusted for Kito Crosby Acquisition			Divestiture Adjustments			Note 6		Pro Forma Combined
ASSETS
Current assets:
Cash and cash equivalents	$	28,039		$	177,300		$	(2,930,515	)		(a)	$	2,811,180			(a)	$	86,004		$	—			(a)	$	86,004
Trade accounts receivable, less allowance for doubtful accounts		179,267			191,000			—					—					370,267			(11,228	)		(b)		359,039
Inventories		217,337			366,600			77,794			(b)		—					661,731			(21,771	)		(b)		639,960
Prepaid expenses and other		55,852			41,100			3,918			(c)		—					100,870			(2,117	)		(b)		98,753

Total current assets	$	480,495		$	776,000		$	(2,848,803	)			$	2,811,180				$	1,218,872		$	(35,116	)			$	1,183,756
Property, plant and equipment, net		104,995			270,700			108,762			(d)		—					484,457			(10,268	)		(b)		474,189
Goodwill		731,218			133,197			729,204			(e)		—					1,593,619			(68,630	)		(b)		1,524,989
Other intangibles, net		352,749			222,700			1,157,300			(f)		—					1,732,749			—					1,732,749
Marketable securities		10,443			—			—					—					10,443			—					10,443
Deferred taxes on income		6,665			—			—					—					6,665			—					6,665
Other assets		83,287			68,600			—					7,680			(b)		159,567			(1,018	)		(b)		158,549

Total assets	$	1,769,852		$	1,471,197		$	(853,537	)			$	2,818,860				$	5,206,372		$	(115,032	)			$	5,091,340

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable		96,036			100,100			—					—					196,136			(8,253	)		(b)		187,883
Accrued liabilities		119,085			123,200			—					—					242,285			(2,216	)		(b)		240,069
Current portion of long-term debt and finance lease obligations		50,810			10,000			(10,000	)		(g)		(50,000	)		(c)		810			(204	)		(b)		606

Total current liabilities	$	265,931		$	233,300		$	(10,000	)			$	(50,000	)			$	439,231		$	(10,673	)			$	428,558
Term loan, AR securitization facility and finance lease obligations		408,467			960,100			(960,100	)		(g)		2,116,834			(d)		2,525,301			(160,000	)		(a)		2,365,301
Other non-current liabilities		180,866			128,400			281,926			(h)		—					591,192			—					591,192

Total liabilities	$	855,264		$	1,321,800		$	(688,174	)			$	2,066,834				$	3,555,724		$	(170,673	)			$	3,385,051

Equity:
Shareholders’ equity:
Voting common stock		287			135,300			(135,300	)		(i)		—					287			—					287
Treasury stock		(11,000	)		(12,300	)		12,300			(i)		—					(11,000	)		—					(11,000	)
Redeemable convertible preferred stock		—			—			—					788,000			(e)		788,000			—					788,000
Additional paid-in capital		535,592			734,600			(734,600	)		(i)		—					535,592			—					535,592
Retained earnings		382,842			(637,103	)		608,937			(i)		(35,974	)		(f)		318,702			55,641			(a)		374,343
Accumulated other comprehensive loss		6,867			(83,300	)		83,300			(i)		—					6,867			—					6,867
Noncontrolling interest		—			12,200			—			(i)		—					12,200			—					12,200

Total shareholders’ equity	$	914,588		$	149,397		$	(165,363	)			$	752,026				$	1,650,648		$	55,641				$	1,706,289

Total liabilities and shareholders’ equity	$	1,769,852		$	1,471,197		$	(853,537	)			$	2,818,860				$	5,206,372		$	(115,032	)			$	5,091,340


	Columbus McKinnon Corporation (Historical)			Kito Crosby as reclassified (Note 2)			Kito Crosby Acquisition Adjustments			Note 4	Financing Adjustments			Note 5	Columbus McKinnon Corporation Adjusted for Kito Crosby Acquisition			Divestiture Adjustments			Note 6	Pro Forma Combined
Net sales	$	496,967		$	560,200		$	—			$	—			$	1,057,167		$	(67,190	)	(c)	$	989,977
Cost of products sold		329,585			351,004			9,972		(j)		—				690,561			(38,351	)	(c)		652,210

Gross profit	$	167,382		$	209,196		$	(9,972	)		$	—			$	366,606		$	(28,839	)		$	337,767

Selling expenses		57,653			51,532			—				—				109,185			(6,030	)	(c)		103,155
General and administrative expenses		67,129			67,713			—				—				134,842			(1,499	)	(c)		133,343
Research and development expenses		9,602			8,251			—				—				17,853			(584	)	(c)		17,269
Amortization of intangibles		15,318			9,939			52,094		(l)		—				77,351			—				77,351

Income (loss) from operations	$	17,680		$	71,761		$	(62,066	)		$	—			$	27,375		$	(20,726	)		$	6,649
Interest and debt expense		17,445			33,100			(33,100	)	(m)		78,423		(g)		95,868			(5,736	)	(e)		90,132
Investment (income) loss		(1,570	)		(700	)		—				—				(2,270	)		—				(2,270	)
Foreign currency exchange (gain) loss, net		412			—			—				—				412			—				412
Other (income) expense, net		(118	)		800			—				—				682			—				682

Income (loss) before taxes	$	1,511		$	38,561		$	(28,966	)		$	(78,423	)		$	(67,317	)	$	(14,990	)		$	(82,307	)
Income tax expense (benefit)		(1,186	)		12,200			3,645		(n)		(19,606	)	(i)		(4,947	)		(3,748	)	(g)		(8,695	)

Net income (loss)	$	2,697		$	26,361		$	(32,611	)		$	(58,817	)		$	(62,370	)	$	(11,242	)		$	(73,612	)
Net income attributable to noncontrolling interests		—			700			—				—				700			—				700

Net Income (loss) attributable to common shareholders	$	2,697		$	25,661		$	(32,611	)		$	(58,817	)		$	(63,070	)	$	(11,242	)		$	(74,312	)

Earnings Per Share Attributable to Common Shareholders
Basic income (loss) per share		0.09																					(3.57	)
Diluted income (loss) per share		0.09																					(3.56	)
Weighted Average Number of Shares Outstanding
Basic		28,692																					28,692
Diluted		28,841																					28,841


(in 000’s)
Columbus McKinnon Balance Sheet Line Items	Kito Crosby Historical Balance Sheet Line Items	Kito Crosby As of September 30, 2025			Reclassification			Kito Crosby Reclassed As of September 30, 2025
ASSETS
Current assets:
Cash and cash equivalents	Cash and cash equivalents	$	177,300		$	—		$	177,300
Trade accounts receivable, less allowance for doubtful accounts	Accounts receivable		191,000			—			191,000
Inventories	Inventories, net		366,600			—			366,600
Prepaid expenses and other	Prepaid expenses and other current assets		16,700			24,400			41,100
	Income taxes receivable		24,400			(24,400	)		—

Total current assets		$	776,000		$	—		$	776,000
Property, plant and equipment, net	Property, plant and equipment, net		270,700			—			270,700
Goodwill	Goodwill, net		133,197			—			133,197
Other intangibles, net	Other intangible assets, net		222,700			—			222,700
Marketable securities			—			—			—
Deferred taxes on income			—			—			—
Other assets	Other non-current assets		68,600			—			68,600

Total assets		$	1,471,197		$	—		$	1,471,197

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable	Accounts payable	$	100,100		$	—		$	100,100
Accrued liabilities	Accrued expenses and other current liabilities		123,200			—			123,200
Current portion of long-term debt and finance lease obligations	Current portion of long-term debt		10,000			—			10,000

Total current liabilities		$	233,300		$	—		$	233,300
Term loan, AR securitization facility and finance lease obligations	Long-term debt		960,100			—			960,100
Other non-current liabilities	Other non-current liabilities		48,100			80,300			128,400
	Retirement benefit obligations		26,000			(26,000	)		—
	Deferred income tax liabilities, net		54,300			(54,300	)		—

Total liabilities		$	1,321,800		$	—		$	1,321,800

Shareholders’ equity:
Voting common stock	Common stock		1,700			133,600			135,300
	Deferred shares		133,600			(133,600	)		—
Treasury stock	Treasury stock, at cost		(12,300	)		—			(12,300	)
Redeemable convertible preferred stock			—			—			—
Additional paid-in capital	Additional paid-in capital		734,600			—			734,600
Retained earnings	Accumulated deficit		(637,103	)		—			(637,103	)
Accumulated other comprehensive loss	Accumulated other comprehensive loss		(83,300	)		—			(83,300	)
Noncontrolling interest	Noncontrolling interest		12,200			—			12,200

Total shareholders’ equity		$	149,397		$	—		$	149,397

Total liabilities and shareholders’ equity		$	1,471,197		$	—		$	1,471,197


(in 000’s)
Columbus McKinnon Corporation Income Statement Line Items	Kito Crosby Historical Income Statement Line Items	Kito Crosby Six Months Ended of September 30, 2025			Reclassification			Kito Crosby Reclassed Six Months Ended September 30, 2025
Net sales	Net sales	$	560,200		$	—		$	560,200
Cost of products sold	Cost of sales		345,100			5,904			351,004

Gross profit		$	215,100		$	(5,904	)	$	209,196

Selling expenses			—			51,532			51,532
General and administrative expenses			—			67,713			67,713
Research and development expenses			—			8,251			8,251
	Selling, distribution and administrative expenses		133,400			(133,400	)		—
Amortization of intangibles	Amortization of intangible assets		9,939			—			9,939

Income (loss) from operations		$	71,761		$	—		$	71,761
Interest and debt expense	Interest expense, net		33,100			—			33,100
Investment (income) loss			—			(700	)		(700	)
	Unrealized gain on derivative		(200	)		200			—
	Realized gain on derivative		(500	)		500			—
Foreign currency exchange loss (gain), net			—			—			—
Other (income) expense, net	Other income expense		800			—			800

Income (loss) before taxes		$	38,561		$	—		$	38,561
Income tax expense (benefit)	Income tax expense		12,200			—			12,200
	New market tax credit extinguishment		—			—			—

Net income (loss)		$	26,361		$	—		$	26,361
Net income attributable to noncontrolling interests	Net income attributable to noncontrolling interest		700			—			700

Net income (loss) attributable to common shareholders		$	25,661		$	—		$	25,661


(in 000’s)
Columbus McKinnon Income Statement Line Items	Kito Crosby Historical Income Statement Line Items	Kito Crosby Twelve Months Ended March 31, 2025			Reclassification			Kito Crosby Reclassed Twelve Months Ended March 31, 2025
Net sales	Net sales	$	1,083,300		$	—		$	1,083,300
Cost of products sold	Cost of sales		662,400			7,070			669,470

Gross profit		$	420,900		$	(7,070	)	$	413,830

Selling expenses			—			79,342			79,342
General and administrative expenses			—			157,459			157,459
Research and development expenses			—			14,229			14,229
	Selling, distribution and administrative expenses		258,100			(258,100	)		—
Amortization of intangibles	Amortization of intangible assets		18,100			—			18,100

Income (loss) from operations		$	144,700		$	—		$	144,700
Interest and debt expense	Interest expense, net		87,500			—			87,500
Investment (income) loss (1)			—			—			—
	Unrealized gain on derivative		4,200			(4,200	)		—
	Realized gain on derivative		(4,200	)		4,200			—
Foreign currency exchange loss (gain), net			—			—			—
Other (income) expense, net	Other income expense		(300	)		—			(300	)

Income (loss) before taxes		$	57,500		$	—		$	57,500
Income tax expense (benefit)	Income tax expense		34,500			(9,900	)		24,600
	New market tax credit extinguishment		(9,900	)		9,900			—

Net income (loss)		$	32,900		$	—		$	32,900
Net income attributable to noncontrolling interests	Net income attributable to noncontrolling interest		900			—			900

Net income (loss) attributable to common shareholders		$	32,000		$	—		$	32,000


(in 000’s)	Amount
Pro forma transaction accounting acquisition adjustments:
Base purchase price	$	2,700,000
Plus: Purchase price adjustments (1)		16,200
Plus: Transaction expenses paid on behalf of Kito Crosby		1,457

Total purchase consideration	$	2,717,657


Adjusted book value of net assets acquired	$	586,300
Adjustments to:
Inventories		77,794
Property, plant and equipment, net		108,762
Other intangibles, net		1,380,000
Other non-current liabilities		(285,400	)

Net assets acquired (excluding goodwill)	$	1,867,456

Kito Crosby noncontrolling interest		(12,200	)
Goodwill		862,401

Reconciliation to consideration transferred	$	2,717,657


		Estimated Useful Life (in years)
Site improvements		20 - 40
Buildings & improvements		20 - 40
Machinery & equipment		5
Computer software		4
Furniture, fixtures & equipment		5 - 20
Transportation equipment		3
Tooling		5
Computer & networking equipment		4


(in 000’s)	Amount			Estimated Useful Life (in years)
Pro forma transaction accounting acquisition adjustments:
Fair value of customer relationships	$	1,092,900			11
Fair value of trade names		287,100			9 - 13
Elimination of Kito Crosby’s historical intangibles		(222,700	)

Pro forma adjustment to Other intangibles, net	$	1,157,300


(in 000’s)	Common stock			Treasury stock		Additional paid-in-capital			Retained earnings			Accumulated other comprehensive loss
Pro forma transaction accounting acquisition adjustments:
Elimination of Kito Crosby’s historical equity	$	(135,300	)		12,300		(734,600	)		637,103			83,300
Company transaction costs, net of tax		—			—		—			(28,166	)		—

Pro forma adjustment to Shareholders’ Equity	$	(135,300	)		12,300		(734,600	)		608,937			83,300


(in 000’s)	Six Months ended September 30, 2025		Twelve Months ended March 31, 2025
Pro forma transaction accounting acquisition adjustments:
Fair-value step up of acquired inventory (1)	$	—	$	77,794
Incremental depreciation on acquired property, plant, and equipment, net		9,972		19,944

Pro forma adjustment to Cost of products sold	$	9,972	$	97,738


(in 000’s)	Six Months ended September 30, 2025		Twelve Months ended March 31, 2025
Pro forma transaction accounting acquisition adjustments:
Company transaction costs	$	—	$	35,558

Pro forma adjustment to General and administrative expenses	$	—	$	35,558


(in 000’s)	Amount
Pro forma transaction accounting financing adjustments:
Inflows:
Cash received from Term Loan B Facility	$	1,650,000
Cash received from High-Yield Notes		900,000
Cash received from issuance of Preferred Shares		800,000

Total inflows	$	3,350,000
Outflows:
Cash paid to extinguish Company debt	$	(450,195	)
Debt issuance costs and financing fees for Term Loan B Facility and High Yield Notes and discount on Term Loan B Facility		(76,625	)
Cash paid for Preferred Shares issuance costs		(12,000	)

Total outflows	$	(538,820	)

Pro forma adjustment to Cash and cash equivalents	$	2,811,180