NASDAQ: CMCO
COLUMBUS MCKINNON CORPCIK 0001005229 · SIC 3531
Founded in 1875, Columbus McKinnon Corporation (referred to in this Form 10-K as “we,” “us,” “our,” “Columbus McKinnon” or the “Company”) is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions for material handling that move the world forward and improve lives by… About this business →
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About COLUMBUS MCKINNON CORP
Source: Item 1 (Business) from the 10-K filed June 8, 2026. Description as filed by the company with the SEC.
Item 1. Business
General
Founded in 1875, Columbus McKinnon Corporation (referred to in this Form 10-K as “we,” “us,” “our,” “Columbus McKinnon” or the “Company”) is a leading worldwide designer, manufacturer and marketer of intelligent motion solutions for material handling that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials. Key products include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power and motion control systems. These are highly relevant, professional-grade solutions that solve our customers’ critical material handling requirements.
The Company is focused on commercial and industrial applications that require the safety, reliability and quality provided by its superior design and engineering know-how. Our products are used for mission critical applications where we have established, trusted brands that are well known in the industry. Our targeted market verticals include manufacturing, transportation including electric vehicle (“EV”) production and aerospace, energy and utilities, process industries, industrial automation, construction and infrastructure, food and beverage, entertainment, life sciences, consumer packaged goods, e-commerce, supply chain and warehousing.
In the United States, we are a leader for installed lifting solutions, lifting securement and consumables, material handling digital power control systems and precision conveyors, our principal lines of products and have a strong market position with actuator products. Additionally, in Europe, we are a leader for manual hoists and a leader in linear actuators used for heavy load, rail and niche custom applications for actuation. The Kito Crosby Acquisition has expanded our business into Japan where we are a leader in providing precision engineered hoists, cranes, chains and accessories. We have achieved these leadership positions through strategic acquisitions, our extensive, diverse and well-established distribution channels and our commitment to product innovation and quality. We believe the substantial breadth of our product offerings and broad distribution channels in the United States and Europe provide us a strategic advantage in our markets.
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Overview of Columbus McKinnon
Building on over 150 years of industry experience, Columbus McKinnon is a leading global designer, manufacturer and marketer of intelligent motion solutions for efficiently and ergonomically moving, lifting, positioning and securing materials. These are highly relevant professional-grade solutions that solve our customers’ critical material handling requirements to precisely and safely orient materials to enable complex manufacturing processes. The Company is focused on commercial and industrial applications that require the safety, reliability and quality provided by its superior design and engineering know-how.
Prior to the completion of the Kito Crosby Acquisition, we had nearly 3,500 employees worldwide and 63 principal manufacturing facilities, sales offices, distribution centers and warehouses, pursuant to which the Company is focused on commercial and industrial applications.
Our targeted market verticals include manufacturing, transportation including EV production and aerospace, energy and utilities, process industries, industrial automation, construction and infrastructure, food and beverage, entertainment, life sciences, consumer packaged goods and e-commerce/supply chain/warehousing.
Our products include a broad variety of offerings for customers, including hoists, crane components, precision conveyor systems, rigging tools, light rail workstations and digital power and motion control systems in a $35 billion Total Addressable Market (“TAM”). Our products are used for mission critical applications where we have established, trusted brands that are well known in the industry.
On February 3, 2026, the Company closed the Kito Crosby Limited (“Kito Crosby”) acquisition (such acquisition being the “Kito Crosby Acquisition”). The Kito Crosby Acquisition has meaningfully improved the Company's scale, enhanced our collective geographic reach, significantly expanded our lifting and securement consumables portfolio while enhancing our customer value proposition.
Overview of Kito Crosby
Kito Crosby is a leading manufacturer and distributor of products and services used to make lifting, rigging, transporting and securing operations safer and more efficient. Kito Crosby was formed in 2023 through the business combination of KITO CORPORATION and The Crosby Group, which together have a 250-year history in material handling solutions.
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Kito Crosby has grown over time through a series of strategic acquisitions, enhancing its portfolio of innovative solutions for lifting, rigging and material handling. These solutions and technologies have been augmented through acquisitions, include that of Gunnebo Industries in 2019 and Verton Technology in 2021, which brought advanced products, such as blocks, sheaves and disruptive load orientation technology that enables safety and efficiency in lifting operations into Kito Crosby’s product portfolio. Kito Crosby also expanded into niche markets with the acquisition of BlokCorp and Airpes in 2021, which provide innovative camera systems for cranes and specialized lifting solutions for the wind energy sector. Kito Crosby further expanded its portfolio of installed lifting solutions with its acquisition of eepos GmbH (“eepos”) in 2024 (the “eepos Acquisition”). eepos provides modular light crane systems, media supply and workspace solutions, enhancing Kito Crosby’s existing Kito, Harrington and Erikkila brands, increasing its EMEA exposure and bolstering Kito Crosby’s presence in this attractive manufacturing sector.
Kito Crosby provides both standard and custom-engineered products and solutions that often exceed industry standards. Kito Crosby’s precision-engineered hoists, cranes, chains and accessories are trusted across a wide range of industries, including manufacturing, construction, automotive, food processing, power generation and entertainment. Kito Crosby’s current operations are marketed under leading brands such as Kito, Crosby, Harrington, Gunnebo Industries and Peerless, serving a wide array of end markets including oil and gas, industrial, construction, infrastructure and mining. Kito Crosby’s geographical reach spans North America, Asia Pacific, EMEA and Latin America. Kito Crosby has over 4,000 employees worldwide, 40 factories, offices and distribution sites, and more than 3,500 authorized local distributors.
Our Transformation
Our business is being transformed by our Columbus McKinnon Business System ("CMBS") and our growth framework pursuant to which we seek to be market-led, customer-centric and operationally excellent with our people and values at the core.
With CMBS as the foundation, we believe we are well positioned to execute our Core Growth Framework ("Framework") strategy. The Framework defines four parallel paths for Columbus McKinnon’s growth and provides clear organic and strategic initiatives. Our Framework consists of:
•Strengthening the Core which is a foundational path focused on initiatives that will strengthen competencies and improve our competitive position within our existing share of our Serviceable Addressable Market (“SAM”). Initiatives include further developing commercial and product management competencies and improving our digital tools for a better, more efficient customer experience.
•Growing the Core is a path that is focused on increasing market share, both organically and through acquisitions, within our SAM. We are making progress on this path with product localization, new product development and advancements in automation and after market support for our distributors.
•Expanding the Core is a path that is focused on improved channel access and geographic expansion. Here we expand beyond our SAM into the broader Total Addressable Market (“TAM”). This involves building out our presence both geographically and in new verticals with expanded offerings, which we expect to accomplish organically as well as with selective acquisitions.
•Reimagining the Core is a more transformational path that rethinks our TAM and targets strategic expansion beyond our existing TAM. As we think more broadly about material handling and increasing trends in intelligent motion, not just lifting, but solutions for how materials move throughout customer environments, there are some compelling ideas that emerge.
The Kito Crosby Acquisition is a strategic move that aligns with our long-standing strategy to Expand, Grow and Strengthen our core business, providing enhanced scale through the acquisition of a company with a top-tier financial profile. By integrating Kito Crosby’s product portfolio with our own, we have created a valuable portfolio that will enable us to deliver superior offerings and position us to capture a broader share of customers and their material handling solutions spend, supported by Kito Crosby’s safety-critical, consumable oriented products that drive non-discretionary replacement demand and recurring revenue. This strategic combination allows us to leverage the strengths of both companies, enabling the delivery of differentiated solutions to our customers in a one-stop-shop with one of the broadest offerings in the market and further enhancing our position to capitalize on industry megatrends.
Through this complementary combination, the Company expects to meaningfully advance its growth Framework—Growing and Strengthening its core initially and expanding its core with anticipated revenue synergies.
With global engineering, manufacturing, distribution, and operations, Kito Crosby provides a broad range of products and solutions for the most demanding applications. Kito Crosby’s people, products, solutions, and service have innovated the lifting
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and securement industry throughout its long history. Kito Crosby's iconic brands include Kito, Crosby, Harrington, Gunnebo Industries, and Peerless. We expect that the Kito Crosby Acquisition will strengthen our core lifting business and further the Company's position as a leading worldwide, designer, manufacturer and marketer of intelligent motion solutions that move the world forward and improve lives by efficiently and ergonomically moving, lifting, positioning and securing materials.
Business Description
We design, manufacture, and distribute a broad range of material handling products for various applications. Products include a wide variety of electric, air-powered, lever, and hand hoists, hoist trolleys, explosion-protected hoists, winches, and aluminum work stations; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters; and power and motion control systems, such as AC and DC drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems. Our Lifting business is sensitive to changes in general macro-economic conditions, including changes in industrial capacity utilization, industrial production, and general macro-economic activity indicators, like GDP growth.
Our products are typically manufactured for stock or assembled to order from standard components and are sold primarily through a variety of commercial distributors and, to a lesser extent, directly to end-users. Our STAHL subsidiary brings market leadership with independent crane builders and Engineering Procurement and Construction (“EPC”) firms. The diverse end-users of our products are in a variety of industries including manufacturing, power generation and distribution, utilities, wind power, warehouses, commercial construction, oil and gas exploration and refining, petrochemical, marine, ship building, transportation and heavy-duty trucking, agriculture, logging, entertainment and mining.
We built our precision conveyance platform through acquisitions that expanded our product offerings to include a broad range of highly engineered, precision-conveying solutions serving growth markets. The acquisitions of Dorner and Garvey expanded the Company’s exposure to the stable life sciences, food processing and consumer packaged goods markets and high-growth industrial automation and e-commerce sectors. The acquisition of montratec increased our exposure to the aerospace and electric vehicle markets, amongst others.
The Columbus McKinnon and Kito Crosby products provide solutions across the following key platforms:
•Lifting and Securement Consumables: We specialize in providing a wide variety of high-quality rigging, lifting and securement hardware designed to move heavy loads safely and efficiently. Our product lineup includes lifting chain, wire rope fittings, shackles, blocks and sheaves, load monitoring, wind and industrial tools, traction chain, shackles, digital load cells, crane camera systems and wind tools and other lifting products, which are essential tools in environments like warehouses, factories and construction sites. Our products are crucial for ensuring worker safety in addition to stabilize and transport materials. These products serve safety-critical functions and are characterized by frequent replacement due to inspection and safety practices, low average selling prices, and safety-critical functionality.
•Installed Lifting Solutions: We specialize in a variety of “above-the-hook” industrial hoist and crane systems that lift, move and position objects, such as chain hoists and light cranes. Our product lineup includes manual and powered hoists, winches and lifting tables. We offer different types of hoists, such as powered chain, air, manual and wire rope options, to cater to various lifting requirements. In addition, we provide diverse crane options catering to various applications including industrial cranes, highly engineered and standard crane kits.
•Precision Conveyance: We offer advanced conveyor systems that play a key role in enhancing efficiency in manufacturing and production settings. Our conveyors, including fabric belt and flexible chain systems, automate the movement of materials, which helps reduce labor costs and increase productivity. These systems are versatile and can be customized to fit specific industry needs, making them ideal for sectors like food and beverage processing, pharmaceuticals and manufacturing. By streamlining the transport of goods, these conveyors help businesses optimize their operations and maximize output.
•Automation: Our automation product lines focus on integrating smart technologies to improve safety and operational efficiency. Our innovative solutions, such as Intelli-Connect and Intelli-Guide, provide real-time diagnostics and automate load handling, allowing businesses to work more efficiently and reduce downtime. These systems are designed to meet the unique needs of various industries, including automotive, metals production and general manufacturing. By offering customized automation solutions, we help companies enhance their productivity and make smarter, data-driven decisions.
•Linear Motion: Our linear motion products, such as linear actuators, screw jacks and lifting columns, are essential for achieving precise and efficient movement in a wide range of applications. These technologies are used in industries like robotics, packaging and semiconductor manufacturing to ensure accurate and rapid movements. By optimizing
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production processes, linear motion solutions contribute to advancements in automation and industrial efficiency. Our products are designed to meet the specific needs of each application.
Products
Of our fiscal 2026 sales, $668,333,000, or 56%, were U.S. and $525,118,000 or 44% were non-U.S. The following table sets forth certain sales data for our products, expressed as a percentage of net sales for fiscal 2026 and 2025:
Fiscal Years Ended March 31,
20262025
Hoists48 %50 %
Lifting and securement hardware13 %8 %
High-precision conveying systems12 %16 %
Digital power control and delivery systems10 %11 %
Actuators and rotary unions9 %9 %
Industrial cranes5 %4 %
Technology & Specialty Solutions2 %— %
Elevator application drive systems1 %2 %
100 %100 %
Hoists - We manufacture a wide variety of powered chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists. Load capacities for our hoist product lines range from one-eighth of a ton to nearly 275 tons. These products are sold under our Harrington, Kito, CM, Little Mule, Pfaff, Shaw-Box, STAHL, Yale, Acco and other recognized brands. Our hoists are used in numerous general industrial applications, as well as in the construction, energy and utilities, steel and metals processing, mining, transportation, and other markets. We also supply manual hoist trolleys, which are used in conjunction with hoists.
We also manufacture explosion-protected hoists and custom engineered hoists, including wire rope and manual hoists. These branded products are sold to a variety of end markets including automotive, general manufacturing, oil and gas, steel and concrete and power generation, as well as process industries such as chemical and pharmaceuticals.
As part of the Kito Crosby Acquisition we acquired electric chain hoist operations in the U.S. and were also required to divest our U.S. power chain hoist (other than with respect to Little Mule products) and chain manufacturing operations (the “Divestiture” and such divested business being the “Divested Business”) to gain regulatory approval. We believe we remain a leader in the electric chain hoist sector following these transactions.
Lifting and Securement Consumables - We manufacture alloy and carbon steel chain for various industrial and consumer applications. U.S. federal regulations require the use of alloy chain for overhead lifting applications because of its strength and wear characteristics. In addition, we also sell specialized load chain for use in hoists, as well as three grades and multiple sizes of carbon steel welded-link chain for various load securing and other non-overhead lifting applications. As part of the Kito Crosby Acquisition, we acquired chain making facilities in the U.S. and Japan, while divesting one of our legacy chain making facilities in the U.S. Chain making remains a key part of our product offerings.
In addition, we manufacture a broad line of alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, HammerloksTM and master links. These forged attachments are used in chain, wire rope and textile rigging applications in a variety of industries, including transportation, mining, construction, marine, logging, petrochemical and agriculture. In addition, we manufacture carbon steel forged and stamped products, such as load binders, logging tools and other securing devices, for sale to the industrial and logging markets through industrial distributors, hardware distributors, mass merchandiser outlets and OEMs.
High-precision conveying systems –Our acquisitions of Dorner Manufacturing Corporation (“Dorner”) and Garvey Corporation (“Garvey”) expanded our product offerings to include high-precision, specialty conveyor system solutions. These conveyor systems range from build-to-order modular standard systems to highly engineered custom solutions. These products offer customers high-quality, reliable solutions that enhance productivity and profitability.
Digital Power Control and Delivery Systems - Through our Magnetek brand, we are a leading provider of innovative power control and delivery systems and solutions for overhead material handling applications used in a number of diverse industries, including aerospace, automotive, steel, aluminum, paper, logging, mining, ship loading, nuclear power plants and heavy
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movable structures. We are a major supplier in North America of power and motion control systems, which include AC and DC drive systems, radio remote controls, push-button pendant stations, brakes and collision avoidance and power delivery subsystems. While we sell primarily to original equipment manufacturers (“OEMs”) of overhead cranes and hoists, we engage with end users to understand their needs and specifications. We can combine our products with engineered services to provide complete customer-specific system solutions.
We are also a leading independent supplier of AC and DC digital motion control systems for underground coal mining equipment. Our systems are used in coal hauling vehicles, shuttle cars, scoops and other heavy mining equipment.
Actuators and Rotary Unions - Through our Duff-Norton and Pfaff brands, we design and manufacture industrial components such as mechanical and electromechanical actuators and rotary unions. Actuators are linear motion devices used in a variety of industries, including transportation, paper, steel, energy, aerospace and many other commercial industries. Rotary unions are devices that transfer a liquid or gas from a fixed pipe or hose to a rotating drum, cylinder or other device. Rotary unions are used in a variety of industries including pulp and paper, printing, textile and fabric manufacturing, rubber and plastic.
Industrial Cranes - We manufacture and market under our Unified Industries brand overhead aluminum light rail workstations primarily used in automotive and other industrial applications. We also manufacture crane components and crane kits through our STAHL branded products. Through the Kito Crosby Acquisition, we expanded our crane offerings to include complementary offerings from eepos and Harrington.
Technology & Specialty Solutions – The Kito Crosby Acquisition expanded our portfolio offering to include engineered and technology-enabled products that service specialized lifting and securement functions. These include digital load cells, crane camera systems and wind tools from key brands such as Crosby BlokCam camera and alert systems, Crosby Airpes wind energy solutions and Crosby Straightpoint load monitoring systems.
Elevator Application Drive Systems - Through our Magnetek brand, we also design, build, sell and support elevator application-specific drive products that efficiently deliver power used to control motion, primarily in high-rise, high-speed elevator applications. We are recognized as an industry leader in DC high-performance elevator drives, as well as for AC drives used with low- and high-performance traction elevators, due to our extensive application expertise and product reliability. Our elevator product offering is comprised of highly integrated subsystems and drives, sold mainly to elevator OEMs. In addition, our product options include a number of regenerative controls for both new building installations and elevator modernization projects that help building owners save energy.
Distribution and Markets
We sell our products and solutions through various distribution channels and direct to certain end users. The following describes our global distribution channels:
General Distribution Channels - Our global general distribution channels consist of:
— Industrial distributors that serve local or regional industrial markets and sell a variety of products for maintenance repair, operating, and production (“MROP”), applications through their own direct sales force.
— Rigging shops that are distributors with expertise in rigging, lifting, positioning, and load securing. Most rigging shops assemble and distribute chain, wire rope and synthetic slings, and distribute manual hoists and attachments, chain slings, and other products.
— Independent crane builders that design, build, install, and service overhead crane and light-rail systems for general industry and also distribute a wide variety of hoists and crane components. We sell electric wire rope hoists and chain hoists as well as crane components, such as end trucks, trolleys, drives, and electrification systems to crane builders.
Specialty Distribution Channels - Our global specialty distribution channels consist of:
— National and regional distributors that market a variety of MROP supplies, including material handling products, either exclusively through large, nationally distributed catalogs, or through a combination of catalog, internet, and branch sales and a field sales force.
— Material handling specialists and integrators that design and assemble systems incorporating hoists, overhead rail systems, trolleys, scissor lift tables, manipulators, air balancers, jib arms, and other material handling products to provide end-users with solutions to their material handling problems.
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— Entertainment equipment distributors that design, supply, and install a variety of material handling and rigging equipment for concerts, theaters, ice shows, sporting events, convention centers, and night clubs.
Service-After-Sale Distribution Channels - Service-after-sale distributors include our authorized network of 17 chain repair service stations and over 368 hoist service and repair stations globally. This service network is designed for easy parts and service access for our large installed base of hoists and related equipment in that region.
OEM/Government Distribution Channels - This channel consists of:
— OEMs that supply various component parts directly to other industrial manufacturers as well as private branding and packaging of our traditional products for material handling, lifting, positioning, and special purpose applications.
— Government agencies, including the U.S. and Canadian Navies and Coast Guards, that primarily purchase load securing chain and forged attachments. We also provide our products to the U.S. and other governments for a variety of military applications.
Independent Crane Builders and EPC firms - In addition to the distribution channels mentioned above, we sell explosion-protected hoists and custom engineered non-standard hoists to independent crane builders and EPC firms. Independent crane builders are lifting solution developers and final crane assemblers that source hoists as components. EPC firms are responsible for project management or construction management of production facilities that purchase lifting solutions from crane and hoist builders.
Backlog
Our backlog of orders at March 31, 2026 was approximately $519,639,000, compared to approximately $322,517,000 at March 31, 2025. The increase in backlog compared to prior year is primarily driven through the Kito Crosby Acquisition, which represents $199,891,000 of the $519,639,000 backlog amount. Our orders for standard products are generally shipped within one week. Orders for products that are manufactured to customer specifications are generally shipped within four to twelve weeks. Fluctuations in backlog can reflect the project-oriented nature of certain aspects of our business.
Competitive Conditions
The material handling and precision conveyance industries remain fragmented. We face competition from a wide range of regional, national, and international manufacturers globally. In addition, we often compete with individual operating units of larger, highly diversified companies.
The principal competitive factors affecting our business include customer service and support as well as product availability, performance, functionality, brand reputation, reliability, and price. Other important factors include distributor relationships and territory coverage as well as the robustness of our digital tools which impacts the customer experience.
Major competitors for hoists are Konecranes (and its subsidiaries Demag, R&M, Verlinde, SWF), Stuart Rush, GH, Detroit Hoists, ACE World Companies, Abus, Lifket/ChainMaster, Jet, AMH, Elephant, Ingersoll Rand, Tractel and Street. Major competitors for chain are Campbell Chain, Pewag Chain, Stuart Rush, Laclede Chain Manufacturing, and American Chain and Cable Company. Major competitors for digital power control systems are Konecranes, Power Electronics International, Inc., Cattron Holdings (a division of Harbour Group), Conductix-Wampfler (a division of Delachaux Group), Control Techniques (a division of Nidec Corporation), OMRON Corporation, KEB GmbH, and Fujitec. Major competitors for lifting and securement consumables, including forged attachments are Campbell Chain, Laclede Chain Manufacturing, Van Beest, Pewag, RUD, AMH Cartec, Yoke, Brewer Tichner Company and Chicago Hardware and Fixture Company. Major competitors for actuators and rotary unions are Deublin, Joyce-Dayton, and Nook Industries, a division of Altra Industrial Motion Corp., which was acquired by Regal Rexnord. Major competitors for precision conveyors and accumulators are FlexLink, Bosch Rexroth AG, MK North America, Inc., Duravant, Nercon Eng. & Mfg. Inc and Arrowhead Systems, which was acquired by Regal Rexnord.
Human Capital Management
Headquartered in Charlotte, North Carolina, Columbus McKinnon’s global footprint includes offices, warehouses and manufacturing facilities in 35 countries across North America, Latin America, Europe, the Middle East, Asia, Africa and Australia serving over 50 countries globally. As of March 31, 2026, we had approximately 7,300 employees globally. Approximately 8.5% of our employees are represented under six U.S. collective bargaining agreements that have varying expiration dates starting in February 2027 through December 2028. We also have various labor agreements with our non-U.S.
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employees that we negotiate from time to time. We have good relationships with our employees and productive relationships with our unions.
Our employees are our most significant assets, critical to the delivery of our transformation and our continued strategic progress. Successful execution of our strategy is dependent on attracting, developing, and retaining key employees and members of our management team, which we achieve through the following:
•We always begin with people and values at the center of all that we do and at the heart of our corporate social responsibility efforts. The Company’s people and the behaviors they display define our success, including integrity, respect and teamwork. Many of our Human Capital Management priorities, including Occupational Health and Safety, Succession and People Development, Culture & Respect, and Local community involvement, are directly connected to our commitment to people and values. Our people enable us to grow, and our values ensure we grow responsibly and sustainably.
•The Company places the highest priority on workplace safety. We believe it is critical to ensure that our most valuable assets, our employees, have a safe environment to work in every day. Our first value, “Connect safety to everything you do” highlights the importance of safety to our culture. As a permanent agenda item at all management meetings, safety comes first. For fiscal 2026 and 2025, the Company had an overall safety incident rate of 0.38 and 0.54, respectively (number of injuries and illnesses multiplied by 200,000, divided by hours worked). Kito Crosby had an overall safety incident rate of 0.86 for fiscal 2026.
•We have built an open culture where great people have the opportunity to achieve their full potential. We are committed to creating an environment that embraces diverse perspectives, knowing the positive impact it has on our business, customers, and the communities we serve. We want to build a company that future generations can be proud of where all associates are encouraged to achieve their career goals through ongoing development and objective performance management and promotion processes that recognize results regardless of age, background, race, ethnicity, ability, religion, gender or sexual orientation. As such, our “We Are CMCO” approach to culture and inclusion ensures that we continue to do the work to make sure the Company remains stable and our employees feel safe, supported, and valued.
We also recognize our corporate responsibility to advance our Environmental Social and Governance (“ESG”) efforts and to be accountable for making progress. We are making investments in our people, processes and systems to enable meaningful progress in areas including, but not limited to, environmental stewardship, employee safety, workplace inclusion, connecting with our communities, and ensuring a strong governance and risk management culture. We are taking deliberate steps to integrate ESG into our enterprise strategy, our business system, and our daily actions.
In addition, we set the following objectives for fiscal 2026:
•Drive a people-first culture through engagement, training and development opportunities;
•Perform extensive data collection and analysis to identify areas for improvement;
•Build upon our progress toward ESG targets and goals;
•Further align with global reporting standards and increasing global regulatory requirements; and
•Be more transparent with internal and external stakeholders through communications and public disclosures.
As we look forward to fiscal 2027 and beyond, we have additional plans that we expect will advance ESG initiatives. We continue to collect and analyze data to set realistic, yet challenging goals and be transparent about our progress against our commitments.
Raw Materials and Components
Our principal raw material and component purchases (excluding the Kito Crosby Acquisition) aggregated to approximately $428,173,000 in fiscal 2026 (or 51% of Cost of products sold in fiscal 2026) and included steel, consisting of rod, wire, bar, structural, and other forms of steel; electric motors; bearings; gear reducers; castings; steel and aluminum enclosures and wire harnesses; electro-mechanical components; and standard variable drives. We purchase most of these raw materials and components from a limited number of strategic and preferred suppliers under agreements that are negotiated on a Company-wide basis through our global purchasing group. Generally, as we experience fluctuations in our costs, we are able to reflect these increases in costs with additional price increases to our customers with the goal of being margin neutral. Where appropriate and possible, we negotiate fixed rates for raw materials and component purchases for a fixed period, generally one year, to avoid volatility in customer pricing and give visibility to the need for potential future price increases.
Trademarks
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We believe that our rights in our intellectual property, including trademarks and domain names, as well as contractual provisions and restrictions on access to our proprietary technology, are important to our marketing efforts to develop brand recognition and differentiate our brand from our competitors. We own a number of trademarks that have been registered, or for which registration applications are pending, in the United States and certain foreign jurisdictions.
The current registrations of these trademarks are effective for varying periods of time and may be renewed periodically, provided that we, as the registered owner, or our licensees where applicable, comply with all applicable renewal requirements including, where necessary, the continued use of the trademarks in connection with similar goods. We expect to pursue additional trademark registrations to the extent we believe they would be beneficial and cost-effective.
In addition to trademark protection, we own domain names, including www.cmco.com and www.kitocrosby.com. We also enter into, and rely on, confidentiality and proprietary rights agreements with our employees, consultants, contractors and business partners to protect our trade secrets, proprietary technology, and other confidential information. We further control the use of our proprietary technology and intellectual property through provisions in both our customer terms of use on our website and in our vendor terms and conditions.
Environmental and Other Governmental Regulation
Like most manufacturing companies, we are subject to various federal, state, and local laws intended to protect public health, natural resources, and the environment. To address the requirements of such laws, we have adopted a corporate environmental protection policy, which provides that all of our owned or leased facilities must comply, and all of our employees have the duty to comply, with all applicable environmental regulatory standards, and we have initiated an environmental auditing program for our facilities to seek to ensure compliance with such regulatory standards. We have also established managerial responsibilities and internal communication channels for dealing with environmental compliance issues that may arise in the course of our business. We have made, and could be required to continue to make significant expenditures to comply with environmental requirements. Because of the complexity and changing nature of environmental regulatory standards, it is possible that situations will arise from time to time requiring us to incur additional expenditures to ensure environmental regulatory compliance. However, we are not aware of any environmental condition or any operation at any of our facilities, either individually or in the aggregate, which would cause expenditures to have a material adverse effect on our results of operations, financial condition or cash flows.
Our operations are also governed by many other laws and regulations, including those relating to workplace safety and worker health, principally the Occupational Health and Safety Administration ("OSHA") in the U.S. and others outside the U.S. and regulations thereunder. The penalties for any breach of these regulations can vary and may be substantial. We believe that we are in substantial compliance with these laws and regulations and do not believe that future compliance with such laws and regulations will have a material adverse effect on our operating results, financial condition, or liquidity.
See Note 16 to our March 31, 2026 consolidated financial statements included in Item 8, Financial Statements and Supplementary Data, of this Form 10-K for more information on our matters involving litigation.
Available Information
Our internet address is www.cmco.com and our investor relations website is investors.cmco.com. We promptly make available on our investor relations website, free of charge, the reports that we file or furnish with the SEC, corporate governance information, and select press releases. We file Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, proxy and information statements and amendments to reports filed or furnished pursuant to Sections 13(a), 14, and 15(d) of the Exchange Act. The SEC maintains a website at www.sec.gov that contains reports, proxy and information statements and other information regarding Columbus McKinnon and other issuers that file electronically with the SEC. The content on any website referred to in this Form 10-K is not incorporated by reference into this Form 10-K, and such content should not be considered part of this Form 10-K, unless expressly noted otherwise.
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