Overview

• U.S. material handling equipment maker's fiscal Q4 sales rose 77%, beating analyst expectations

• Adjusted EPS for fiscal Q4 missed analyst expectations

• Company posted large net loss due to goodwill impairment and acquisition-related costs

Outlook

• Company sees FY27 net sales between $2.05 bln and $2.12 bln

• Company expects FY27 adjusted EBITDA of $390 mln to $410 mln

• Company forecasts FY27 adjusted EPS of $1.70 to $1.90

Result Drivers

• KITO CROSBY ACQUISITION - Q4 sales and order growth were primarily driven by the Kito Crosby Acquisition, which added $188 mln to quarterly sales

• HIGHER INTEREST AND SHARE COUNT - Adjusted EPS declined, with the company citing incremental interest expense related to the Kito Crosby Acquisition and the inclusion of additional shares from convertible preferred stock

• POSITIVE FX AND PRICING - Sales outside the U.S. benefited from positive foreign exchange impact and pricing gains

Company press release: ID:nPn4fXQKFa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Sales	Beat	$437.80 mln	$370.16 mln (4 Analysts)
Q4 Adjusted EPS	Miss	$0.24	$0.45 (4 Analysts)
Q4 Net Income		-$238.10 mln
Q4 Adjusted EBITDA	Slight Beat*	$68.70 mln	$68.37 mln (4 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

• Wall Street's median 12-month price target for Columbus McKinnon Corp is $29.00, about 87% above its June 3 closing price of $15.51

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 11 three months ago

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