Columbus McKinnon Corporation reports a transition in its finance leadership structure. As previously disclosed, the board appointed John R. Linker, age 51, as Executive Vice President and Chief Financial Officer and named Thomas Oddo as Chief Accounting Officer and interim principal financial officer, effective July 1, 2026.
After the Quarter ended June 30, 2026 was reported on Form 10-Q, Mr. Linker began serving as the Company’s principal financial officer as of July 31, 2026. Mr. Oddo continues as principal accounting officer. The company states there were no special arrangements leading to Mr. Linker’s appointment, no related party transactions requiring disclosure, and no changes to his compensation or benefits tied to this role change.
COLUMBUS MCKINNON CORP executive John R. Linker, EVP, Finance and CFO, purchased 7,500 shares of common stock on July 31, 2026 at $19.67 per share. After this open-market transaction, he indirectly holds 7,500 shares, owned jointly with his spouse as joint tenants with right of survivorship.
Columbus McKinnon reported for the three months ended June 30, 2026 net sales of $531.5 million, up from $235.9 million a year earlier, driven largely by the February acquisition of Kito Crosby. Despite the higher scale, the Company recorded a net loss attributable to the Company of $88.7 million, or $(2.05) per diluted share.
Profitability was pressured by acquisition-related items and higher financing costs. The quarter included Kito Crosby net sales of $304.8 million, a Kito Crosby loss from operations of $7.9 million, acquisition-related inventory step-up amortization of $55.2 million, intangible amortization of $34.8 million, and integration and deal expenses of $17.8 million. Interest and debt expense increased to $47.6 million.
The Kito Crosby Acquisition was valued at $2.81 billion and funded by a $1.65 billion Term Loan B, $900 million of senior secured notes, and $800 million of preferred equity. At June 30, 2026, total assets were $4.67 billion, total debt was $2.38 billion, cash and cash equivalents were $98.4 million, and shareholders’ equity was $1.37 billion. Operating cash flow was $25.6 million.
Columbus McKinnon reported record orders and sales for Q1 FY27 (quarter ended June 30, 2026) following the Kito Crosby acquisition. Net sales were $531.5 million, up 125.3% year-over-year, with Legacy CMCO net sales growth of 12.7%. Orders reached $568.1 million, up 120%, producing a 1.1x book-to-bill and backlog of $541 million.
The company posted a GAAP net loss attributable to the Company of $88.7 million, or $(2.05) per diluted share, including $70.3 million of acquisition and integration expenses, higher amortization and interest. Adjusted Net Income was $30.5 million and Adjusted EPS $0.61, while Adjusted EBITDA rose to $111.5 million with a 21.0% margin. Operating cash flow was $25.6 million and Free Cash Flow Excluding Deal Costs $32.4 million. Liquidity totaled $567.1 million and the Credit Agreement Net Leverage Ratio was 4.9x. Based on the strong start, Columbus McKinnon raised its FY27 outlook, guiding to net sales of $2.09–$2.15 billion, Adjusted EBITDA of $405–$420 million and Adjusted EPS of $1.90–$2.10.
Columbus McKinnon Corporation declared a regular quarterly dividend of $0.07 per common share. The Board of Directors approved the dividend on July 20, 2026.
The dividend is payable on or about August 17, 2026, to shareholders of record at the close of business on August 7, 2026. Columbus McKinnon reports having approximately 28.9 million common shares outstanding.
COLUMBUS MCKINNON CORP Executive VP Finance and CFO Gregory P. Rustowicz reported equity compensation changes tied to a change in control and his separation from service. Previously granted restricted stock units and performance stock units accelerated and vested at target performance levels, and related common shares were awarded at no cost. A portion of these shares was delivered back to the company to cover tax withholding obligations, rather than sold in the open market. Several non-qualified stock option grants also had their unvested portions accelerate and now share a revised expiration date of January 1, 2027.
Columbus McKinnon Corp officer Thomas Patrick Oddo filed an initial ownership report showing his equity stake in the company. He directly holds 6,403.558 shares of common stock, including restricted stock that vests over time if he remains an employee.
His compensation package also includes several non-qualified stock option grants, each with its own exercise price and expiration date. These options give him the right to buy additional Columbus McKinnon common shares in future years, aligning part of his pay with the company’s long-term stock performance.
Columbus McKinnon Corp filed an initial insider ownership report for John R. Linker, who serves as EVP, Finance and CFO. This Form 3 filing establishes his status as a reporting person under SEC rules but does not list any buy, sell, or other share transactions.
Columbus McKinnon Corporation announced a chief financial officer transition and reaffirmed its fiscal year 2027 guidance. Gregory P. Rustowicz was separated as Executive Vice President of Finance and CFO in connection with a change in control, triggering severance benefits under a 2011 Change in Control Agreement. The company and Rustowicz entered into a Separation and Release Agreement that includes confidentiality and a general release, with a seven-day revocation period.
The board appointed John R. Linker as Executive Vice President and CFO effective July 1, 2026, with a $600,000 base salary, a 70% target bonus and long-term equity incentives. The board also named Thomas Oddo Chief Accounting Officer and interim principal financial officer, with an increased long-term equity target. The company’s press release highlighted Linker’s prior CFO roles and confirmed its previously issued fiscal 2027 guidance.