Columbus McKinnon Corp. has agreed to buy machinery maker Kito Crosby from KKR & Co. in a transaction valued at $2.7 billion.
It's set to form a leading material handling and motion control supplier with annual revenues of about $2.1 billion.
Business combination pitched as materially improving scale and product scope.
Q3 2025 Earnings Call Transcript February 10, 2025 Columbus McKinnon Corporation misses on earnings expectations. Reported ...
Columbus McKinnon Corp has agreed to buy machinery maker Kito Crosby from Kohlberg Kravis Roberts & Co (KKR) in a transaction ...
KKR has agreed to sell Kito Crosby, a Texas-based manufacturer of safe lifting and securement solutions, to Columbus McKinnon for $2.7 billion. The deal is expected to close later this year.
Shares of material handling equipment manufacturer Columbus McKinnon (NASDAQ:CMCO) fell 41.9% in the afternoon session after ...
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DA Davidson downgraded Columbus McKinnon (CMCO) to Neutral from Buy with a $35 price target after the company reported fiscal Q3 sales, EBITDA ...
Columbus McKinnon (CMCO) shares drop 9% after missing Q3 estimates. Davidson downgrades stock as sales forecast weakens.
Investing.com -- Columbus McKinnon (NASDAQ: CMCO )股价暴跌41%,此前该公司发布的第三季度财报不及预期,并宣布将收购Kito Crosby,随后遭遇分析师下调评级。这家物料搬运解决方案供应商的股价走势反映出投资者对收购交易的即期财务影响及其对公司杠杆率的影响表示担忧。
周二,DA Davidson分析师Matt Summerville调整了对Columbus McKinnon (NASDAQ: CMCO )的投资立场,将评级从"买入"下调至"中性",并设定目标价为$35.00。根据InvestingPro数据显示,这一目标价远低于$50的最高目标价,而该股目前交易价格为$35.48,市值约10亿美元。此次降级是对公司2025财年第三季度业绩的回应,该季度的销售额 ...