CMCO: revenue $1.19B, net income -$229.5M. CMCO closes Kito Crosby acquisition, records goodwill impairment

Filed June 8, 2026 · Period ending March 31, 2026 · Compared to 10-K May 28, 2025 · ~2 min read

Key Changes

• high

  Closed Kito Crosby acquisition Feb 3, 2026 for $2.8B, doubling headcount to 7,300 and adding $200M backlog; financed with $2.6B debt and $800M preferred stock (7% dividend, convertible to ~43% of common).

  Business: Kito Crosby acquisition completion verify on EDGAR →
• high

  Recorded $200M goodwill impairment for Precision Conveyance unit after sustained stock price decline caused market cap to fall below aggregate equity value; unit remains at risk of further impairment.

  MD&A: Goodwill impairment charge verify on EDGAR →
• high

  Divested U.S. power chain hoist operations (Damascus VA, Lexington TN facilities) for $184M proceeds and $103M gain to secure regulatory approval for Kito Crosby acquisition.

  MD&A: Divestiture Business sale verify on EDGAR →