Columbus McKinnon Reports $230M Annual Net Loss, $200M Goodwill Impairment, and Lower FY27 EPS Guidance
CMCO sits 18% above its 52-week low of $13.31.
Summary
Columbus McKinnon announced a $230 million net loss for fiscal year 2026, driven by a $200 million goodwill impairment, and issued lower-than-expected Adjusted EPS guidance for fiscal year 2027, reflecting significant financial challenges.
Key Events · Earnings and Guidance · CMCO
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Significant Annual Net Loss
The company reported a net loss of $230 million for fiscal year 2026, with a Q4 net loss of $238 million.
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Major Goodwill Impairment
A $200 million non-cash goodwill impairment was recorded, resulting from the company's sustained stock price decline, indicating a substantial write-down of asset value.
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Lower FY27 EPS Guidance
Fiscal year 2027 Adjusted EPS guidance of $1.70 to $1.90 is below the prior year's Adjusted EPS of $1.87 (midpoint of guidance is $1.80).
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High Leverage and Negative Free Cash Flow
The company ended the fiscal year with a Credit Agreement Net Leverage Ratio of 5.1x and reported a Free Cash Flow use of $164.1 million.
Analysis · CMCO · Technology
Columbus McKinnon reported a substantial net loss of $230 million for fiscal year 2026, including a significant $200 million non-cash goodwill impairment directly attributed to a sustained stock price decline. This impairment, representing nearly half of the company's market capitalization, signals a material re-evaluation of asset values and future prospects. The company also provided fiscal year 2027 Adjusted EPS guidance ($1.70-$1.90) that is lower than the prior year's Adjusted EPS, indicating a challenging outlook. High leverage and negative free cash flow further underscore financial pressures despite growth from the Kito Crosby acquisition.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 39.9% of the 323 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CMCO was trading at $15.69 on NASDAQ in the Technology sector, with a market capitalization of approximately $445.7M. The 52-week trading range was $13.31 to $24.40. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.