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Stock impact report

Columbus McKinnon Touts Kito Crosby Integration, $70M Synergies, and Aggressive Deleveraging Plan [Yahoo! Finance]

Columbus McKinnon Corporation (CMCO) 
Last columbus mckinnon corporation earnings: 2/4 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: cmworks.com/investors
Company Research Source: Yahoo! Finance
than double revenue to over $2 billion and push EBITDA margins into the low-20% range; the deal was done at about 10x LTM EBITDA (˜8x on a synergized basis) and was financed with debt plus an $800M PIPE Management expects $70 million of net cost synergies over three years (˜$80M gross less $10M of dis-synergies), targeting 20% realization in year one, 60% in year two and full run-rate by year three, with early freight/procurement wins that could enable over-delivery. Deleveraging is the top capital priority: all free cash flow (aside from an ~$8M annual dividend) will go to debt paydown, the company starts at roughly 5x net leverage and aims to fall below 4x by the end of fiscal 2028 using Term Loan B flexibility, an AR securitization facility and divestiture proceeds. Interested in Columbus McKinnon Corporation? Here are five stocks we like better. Columbus McKinnon (NASDAQ:CMCO) executives outlined the company's strategy, integration priorities, and near-term market backdrop Show less Read more
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