CMCO Delivers Record Q1 Sales and Lifts FY27 Guidance on Surging Orders and Margin Gains

summarizeSummary

Record Q1 FY27 sales of $531.5M and orders of $568.1M, raised full-year guidance, and strong margin and cash flow improvement reinforce the Kito Crosby integration thesis.

check_boxKey Events · Earnings and Guidance · CMCO

• Record Q1 Sales and Orders

  Net sales surged 125% year over year to $531.5M, while orders climbed 120% to $568.1M, yielding a book-to-bill of 1.1x. Legacy CMCO organic growth came in at 12.7%.

• Margin and Profitability Surge

  Adjusted EBITDA reached $111.5M, a 21.0% margin, up from $32.6M and 13.8% a year ago. Adjusted EPS of $0.61 beat the prior year's $0.50, despite higher interest expense and a larger share count.

• FY27 Guidance Raised

  Management lifted the full-year outlook: net sales to $2.09B–$2.15B (from $2.05B–$2.12B), Adjusted EBITDA to $405M–$420M (from $390M–$410M), and Adjusted EPS to $1.90–$2.10 (from $1.70–$1.90).

• Balance Sheet and Cash Flow Improvement

  The Credit Agreement Net Leverage Ratio improved to 4.9x from 5.1x sequentially. Free Cash Flow Excluding Deal Costs was $32.4M, the first positive Q1 in six years, driven by higher operating profit and working capital management.

auto_awesomeAnalysis · CMCO · Technology

A blowout quarter saw sales more than double to $531.5 million and orders surge to $568.1 million, fueled by the Kito Crosby acquisition and organic growth. Adjusted EBITDA margin expanded to 21%, and free cash flow turned positive for the first time in six years. Management raised full-year guidance across all key metrics, signaling confidence in integration synergies and demand momentum. The improved leverage ratio and cash generation support the de-leveraging story, making this a thesis-affirming update after last year's goodwill impairment.