AcquisitionsJun 8, 2026, 08:02 AM
Columbus McKinnon Completes Kito Crosby Acquisition; FY26 Sales $1.19B
AI Summary
Columbus McKinnon Corporation completed the Kito Crosby Acquisition on February 3, 2026, significantly enhancing its scale, geographic reach, and product portfolio in intelligent motion solutions. The company reported fiscal 2026 net sales of $1.19 billion, with U.S. sales at $668.3 million and non-U.S. sales at $525.1 million. The backlog reached $519.6 million as of March 31, 2026, partly driven by the acquisition, which also necessitated a divestiture of certain U.S. operations.
Key Highlights
- Completed Kito Crosby Acquisition on February 3, 2026, enhancing scale and product portfolio.
- Reported fiscal 2026 net sales of $1,193,451,000.
- U.S. sales for fiscal 2026 were $668,333,000, representing 56% of total sales.
- Non-U.S. sales for fiscal 2026 were $525,118,000, representing 44% of total sales.
- Backlog at March 31, 2026, reached $519,639,000, with Kito Crosby contributing $199,891,000.
- Hoists accounted for 48% of fiscal 2026 sales.
- Lifting and securement hardware accounted for 13% of fiscal 2026 sales.
- Company's safety incident rate improved to 0.38 in fiscal 2026 from 0.54 in fiscal 2025.
Price Impact
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