Record Net Sales and Strong Top-Line Growth
Fiscal 2026 record net sales of $1.2 billion, up 24% year-over-year; fourth quarter net sales $438 million, up 77% YoY. Kito Crosby acquisition contributed approximately $188 million of revenue to the year.
Order Growth and Healthy Backlog
Fiscal 2026 orders grew 20% year-over-year (Q4 orders +68% driven by the acquisition). Entered FY27 with backlog of $520 million (approximately $320M legacy CMCO + $200M Kito Crosby). Early FY27 orders up mid-single digits.
Improved Adjusted Profitability Metrics
Full-year adjusted EBITDA increased 16% YoY (excludes noncash/transaction items). Q4 adjusted EBITDA was $69 million, up 93% YoY; Q4 adjusted EBITDA margin expanded to 15.7% (+130 basis points). Full-year adjusted EPS was $1.87.
Integration and Synergy Progress
Day-1 unified organizational structure implemented and early synergy actions realized (third-party spend savings, insurance consolidation, contract harmonization). Company reiterated $70 million annualized net cost synergy target by year 3 and $14 million of in-year synergies targeted for fiscal 2027.
Free Cash Flow, Liquidity and Capital Allocation Focus
Free cash flow excluding acquisition/divestiture-related cash costs was $68 million (up $43M YoY). Total liquidity increased by $321 million to $561 million (cash $97M + $459M revolver capacity + $6M AR facility). Management prioritizes debt reduction and targets net leverage inside 4x within 2 years.
Fiscal 2027 Guidance Reflects Growth and Margin Expansion
Guidance for FY27: net sales $2.05B–$2.12B (pro forma organic growth ~1%–4%), adjusted EBITDA $390M–$410M (includes $14M in-year synergies), adjusted EPS $1.70–$1.90.
Platform-Level Strengths
Platform growth: linear motion sales +25%, automation sales +8%; lifting also delivered solid growth supported by acquisition, favorable FX and tariff-related price increases. Short-cycle demand strong in the U.S.