Recent News
June 5, 2026: Columbus McKinnon introduced the Magnetek Flex Pro™2 wireless control product for industrial motion applications. June 29, 2026: the company published its Sixth Annual Corporate Sustainability Report outlining ESG priorities and progress. July 14, 2026: TIME named Columbus McKinnon one of America’s Best Companies for 2026.
Technical Analysis
Directional indicators show a market-ready setup but not a sustained trend: ADX at 12.26 signals no dominant trend, even as DI+ registered a dip-and-reversal (DI+ 24.52) and DI- decreased (DI- 25.88). The DI behavior implies short-term bullish pressure from buyers attempting to reassert control, while DI- still nominally exceeds DI+.
Momentum measures align with an early bullish tilt. MACD sits at -0.05 with the MACD line above the signal line (-0.17), indicating a bullish MACD cross and the start of improving momentum despite negative absolute MACD value. The MACD trend shows a dip-and-reversal, consistent with upward momentum building.
MRO at -21.03 indicates price sits below modeled target levels and therefore carries upside potential toward the target; the negative MRO magnitude implies a material catch-up exists if operational drivers stabilize. The MRO trend shows a dip-and-reversal, reinforcing potential upward pressure.
RSI at 48.33 with a dip-and-reversal suggests momentum stalled near neutral and has begun to lift; price lacks immediate overbought risk and can expand higher if buying interest accelerates. Short-term EMAs confirm recent improvement: the 12-day EMA and 26-day EMA trends show dip-and-reversal and price trades above the 20-day average and near the 50-day average, yet remains below the 200-day average ($16.24), indicating recovery off shorter-term support but absence of long-term breakout.
Bollinger band placement shows price roughly above the 1x upper band (~$14.55) but under the 2x upper band (~$15.26), implying above-average short-term volatility without extreme extension. Volume sits near its 10-day average and slightly above the 200-day average, supporting conviction behind recent moves. High betas (42-day 3.25; 52-week 2.34) warn that price can swing sharply with market forces, amplifying risk while the ADX remains under 20.
Fundamental Analysis
Revenue expanded materially: total revenue for the fiscal period registered $437.8M with legacy organic growth of 7% and gross reported net sales growth attributed primarily to the Kito Crosby acquisition; orders and backlog also rose materially following the transaction.
Profitability contracted sharply. Net income recorded a loss of $238.2M and EBIT stood at -$180.4M, producing an EBIT margin of -41.21% versus the industry peer mean of 20.70% and industry peer median of 22.20%; the company booked a $200M goodwill impairment and $68M of deal-related, transaction and integration costs that drove much of the fiscal loss. Free cash flow for the period totaled -$174.3M with operating cash flow at -$166.8M; excluding $232M of deal-related cash payments, management reports positive free cash flow excluding deal costs.
Capital structure and leverage create pronounced balance-sheet constraints. Total debt approximates $2.49B with net debt near $2.27B while market capitalization sits near $453M, yielding debt-to-equity of 3.78 and net tangible assets negative, signaling elevated financial leverage and reduced flexibility for near-term capital allocation. Current and quick ratios read 2.02 and 0.98 respectively, showing short-term coverage of working liabilities but substantial long-term leverage pressure.
Margins and efficiency metrics underperform: gross margin 23.5% trails the industry peer mean of 40.97%; asset turnover at 0.13 sits below the industry peer mean of 0.18; days inventory outstanding ~224 and cash conversion cycle ~212 days exceed the industry peer mean and median, pointing to working-capital intensity. EPS came in at $0.24 versus an estimate of $0.36, an EPS surprise ratio of -33.33%. Valuation multiples present mixed signals: price-to-book ~0.69 (below the industry peer mean of 5.72), forward PE ~27.9, and enterprise-value-to-revenue and free-cash-flow yield metrics reflect substantial leverage impacts.
WMDST values the stock as over-valued given the current combination of elevated leverage, recent non-cash impairments, negative free cash flow, and only partial evidence that acquisition synergies and divestiture proceeds sufficiently de-risk the capital structure.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-06-04 |
| NEXT REPORT DATE: | 2026-09-03 |
| CASH FLOW | Begin Period Cash Flow | $ 35.7 M |
| Operating Cash Flow | $ -166.81 M | |
| Capital Expenditures | $ -7.51 M | |
| Change In Working Capital | $ -97.19 M | |
| Dividends Paid | $ -2.01 M | |
| Cash Flow Delta | $ 61.3 M | |
| End Period Cash Flow | $ 97.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 437.8 M | |
| Forward Revenue | $ -8.28 M | |
| COSTS | ||
| Cost Of Revenue | $ 334.9 M | |
| Depreciation | $ 14.6 M | |
| Depreciation and Amortization | $ 40.4 M | |
| Research and Development | $ 7.4 M | |
| Total Operating Expenses | $ 494.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 102.9 M | |
| EBITDA | $ -139.99 M | |
| EBIT | $ -180.41 M | |
| Operating Income | $ -56.49 M | |
| Interest Income | — | |
| Interest Expense | $ 35.4 M | |
| Net Interest Income | $ -35.39 M | |
| Income Before Tax | $ -215.80 M | |
| Tax Provision | $ 22.3 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ -238.23 M | |
| Net Income From Continuing Operations | $ -238.23 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.36 | |
| EPS Actual | $ 0.24 | |
| EPS Difference | $ -0.12 | |
| EPS Surprise | -33.333 % | |
| Forward EPS | $ 0.63 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 4.8 B | |
| Intangible Assets | $ 3.0 B | |
| Net Tangible Assets | $ -1.57 B | |
| Total Current Assets | $ 1.2 B | |
| Cash and Short-Term Investments | $ 96.6 M | |
| Cash | $ 96.6 M | |
| Net Receivables | $ 380.2 M | |
| Inventory | $ 609.0 M | |
| Long-Term Investments | $ 164.7 M | |
| LIABILITIES | ||
| Accounts Payable | $ 168.9 M | |
| Short-Term Debt | $ 165.6 M | |
| Total Current Liabilities | $ 584.3 M | |
| Net Debt | $ 2.3 B | |
| Total Debt | $ 2.5 B | |
| Total Liabilities | $ 3.3 B | |
| EQUITY | ||
| Total Equity | $ 658.9 M | |
| Retained Earnings | $ 135.8 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 22.92 | |
| Shares Outstanding | 28.748 M | |
| Revenue Per-Share | $ 15.23 | |
| VALUATION | Market Capitalization | $ 453.2 M |
| Enterprise Value | $ 2.8 B | |
| Enterprise Multiple | -20.326 | |
| Enterprise Multiple QoQ | -160.298 % | |
| Enterprise Multiple YoY | -133.479 % | |
| Enterprise Multiple IPRWA | high: 195.203 mean: 77.728 median: 75.46 CMCO: -20.326 low: -124.57 |
|
| EV/R | 6.499 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 7.262 | |
| Asset To Liability | 1.434 | |
| Debt To Capital | 0.791 | |
| Debt To Assets | 0.52 | |
| Debt To Assets QoQ | 103.601 % | |
| Debt To Assets YoY | 67.274 % | |
| Debt To Assets IPRWA | high: 0.608 CMCO: 0.52 mean: 0.331 median: 0.312 low: 0.014 |
|
| Debt To Equity | 3.777 | |
| Debt To Equity QoQ | 674.157 % | |
| Debt To Equity YoY | 516.241 % | |
| Debt To Equity IPRWA | CMCO: 3.777 high: 2.833 mean: 1.019 median: 0.656 low: 0.018 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.688 | |
| Price To Book QoQ | 18.291 % | |
| Price To Book YoY | 16.439 % | |
| Price To Book IPRWA | high: 12.093 mean: 5.722 median: 5.099 CMCO: 0.688 low: 0.256 |
|
| Price To Earnings (P/E) | -2.728 | |
| Price To Earnings QoQ | -109.054 % | |
| Price To Earnings YoY | -108.985 % | |
| Price To Earnings IPRWA | high: 173.115 median: 110.324 mean: 105.432 CMCO: -2.728 low: -21.751 |
|
| PE/G Ratio | 0.003 | |
| Price To Sales (P/S) | 1.035 | |
| Price To Sales QoQ | -50.107 % | |
| Price To Sales YoY | -50.956 % | |
| Price To Sales IPRWA | high: 26.76 median: 19.254 mean: 18.108 CMCO: 1.035 low: 0.803 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 27.877 | |
| Forward PE/G | -0.027 | |
| Forward P/S | -53.94 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -17.629 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.134 | |
| Asset Turnover Ratio QoQ | -8.679 % | |
| Asset Turnover Ratio YoY | -6.567 % | |
| Asset Turnover Ratio IPRWA | high: 0.4 mean: 0.182 median: 0.179 CMCO: 0.134 low: 0.004 |
|
| Receivables Turnover | 1.579 | |
| Receivables Turnover Ratio QoQ | 7.936 % | |
| Receivables Turnover Ratio YoY | 3.143 % | |
| Receivables Turnover Ratio IPRWA | high: 2.225 CMCO: 1.579 mean: 1.52 median: 1.459 low: 0.168 |
|
| Inventory Turnover | 0.806 | |
| Inventory Turnover Ratio QoQ | 4.509 % | |
| Inventory Turnover Ratio YoY | -3.726 % | |
| Inventory Turnover Ratio IPRWA | high: 1.476 median: 1.096 mean: 1.024 CMCO: 0.806 low: 0.245 |
|
| Days Sales Outstanding (DSO) | 57.785 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 211.668 | |
| Cash Conversion Cycle Days QoQ | 62.971 % | |
| Cash Conversion Cycle Days YoY | 63.427 % | |
| Cash Conversion Cycle Days IPRWA | high: 311.654 CMCO: 211.668 mean: 105.477 median: 94.932 low: -58.8 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.734 | |
| CapEx To Revenue | -0.017 | |
| CapEx To Depreciation | -0.514 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 3.7 B | |
| Net Invested Capital | $ 3.0 B | |
| Invested Capital | $ 3.0 B | |
| Net Tangible Assets | $ -1.57 B | |
| Net Working Capital | $ 596.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.165 | |
| Current Ratio | 2.021 | |
| Current Ratio QoQ | 10.34 % | |
| Current Ratio YoY | 11.906 % | |
| Current Ratio IPRWA | high: 4.185 CMCO: 2.021 mean: 1.872 median: 1.314 low: 0.215 |
|
| Quick Ratio | 0.979 | |
| Quick Ratio QoQ | -0.787 % | |
| Quick Ratio YoY | -5.529 % | |
| Quick Ratio IPRWA | high: 2.868 mean: 1.272 CMCO: 0.979 median: 0.865 low: 0.386 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -17.778 | |
| Cost Of Debt | 1.407 % | |
| Interest Coverage Ratio | -5.098 | |
| Interest Coverage Ratio QoQ | -363.344 % | |
| Interest Coverage Ratio YoY | -992.919 % | |
| Interest Coverage Ratio IPRWA | high: 27.065 median: 12.303 mean: 11.554 CMCO: -5.098 low: -8.863 |
|
| Operating Cash Flow Ratio | -1.219 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 69.913 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -118.405 | |
| Dividend Payout Ratio | -0.008 | |
| Dividend Rate | $ 0.07 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 171.469 % | |
| Revenue Growth | 69.271 % | |
| Revenue Growth QoQ | -7662.336 % | |
| Revenue Growth YoY | 1171.961 % | |
| Revenue Growth IPRWA | CMCO: 69.271 % high: 32.351 % mean: -0.145 % median: -1.881 % low: -13.865 % |
|
| Earnings Growth | -1032.258 % | |
| Earnings Growth QoQ | — | |
| Earnings Growth YoY | -14551.323 % | |
| Earnings Growth IPRWA | high: 63.83 % median: -2.206 % mean: -2.526 % low: -44.595 % CMCO: -1032.258 % |
|
| MARGINS | ||
| Gross Margin | 23.5 % | |
| Gross Margin QoQ | -31.823 % | |
| Gross Margin YoY | -27.303 % | |
| Gross Margin IPRWA | high: 54.689 % mean: 40.972 % median: 38.865 % CMCO: 23.5 % low: 9.519 % |
|
| EBIT Margin | -41.205 % | |
| EBIT Margin QoQ | -762.353 % | |
| EBIT Margin YoY | -2288.263 % | |
| EBIT Margin IPRWA | high: 28.027 % median: 22.202 % mean: 20.704 % low: -7.001 % CMCO: -41.205 % |
|
| Return On Sales (ROS) | -12.902 % | |
| Return On Sales QoQ | -306.399 % | |
| Return On Sales YoY | -785.183 % | |
| Return On Sales IPRWA | high: 25.507 % median: 20.653 % mean: 19.965 % low: -7.395 % CMCO: -12.902 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -174.32 M | |
| Free Cash Flow Yield | -38.46 % | |
| Free Cash Flow Yield QoQ | -1349.107 % | |
| Free Cash Flow Yield YoY | -780.226 % | |
| Free Cash Flow Yield IPRWA | high: 4.307 % median: 0.683 % mean: 0.603 % low: -12.317 % CMCO: -38.46 % |
|
| Free Cash Growth | -1155.002 % | |
| Free Cash Growth QoQ | -12170.248 % | |
| Free Cash Growth YoY | -406.018 % | |
| Free Cash Growth IPRWA | high: 259.626 % mean: -26.686 % median: -38.462 % low: -315.183 % CMCO: -1155.002 % |
|
| Free Cash To Net Income | 0.732 | |
| Cash Flow Margin | -162.678 % | |
| Cash Flow To Earnings | 2.99 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.01 | |
| Return On Assets (ROA) | -7.277 % | |
| Return On Assets QoQ | -2240.294 % | |
| Return On Assets YoY | 4564.744 % | |
| Return On Assets IPRWA | high: 4.739 % median: 2.955 % mean: 2.725 % low: -5.562 % CMCO: -7.277 % |
|
| Return On Capital Employed (ROCE) | -4.295 % | |
| Return On Equity (ROE) | -0.362 | |
| Return On Equity QoQ | -5662.615 % | |
| Return On Equity YoY | 11793.75 % | |
| Return On Equity IPRWA | high: 0.12 mean: 0.043 median: 0.043 low: -0.071 CMCO: -0.362 |
|
| DuPont ROE | -30.122 % | |
| Return On Invested Capital (ROIC) | -3.56 % | |
| Return On Invested Capital QoQ | -493.805 % | |
| Return On Invested Capital YoY | -1438.346 % | |
| Return On Invested Capital IPRWA | high: 6.673 % median: 4.068 % mean: 3.856 % CMCO: -3.56 % low: -5.527 % |
|