What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2026-06-08 compared with 2025-05-28 · 131 added, 99 removed, 136 unchanged (63% of the section changed)

4 unchanged sentences

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 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 market leader for hoists, material handling digital power control systems and precision conveyors, our principal lines of products, and have strong market positions with certain chain, forged fittings, and linear actuator products.

Additionally, in Europe, we believe we are a market leader for manual hoists and a market leader in linear actuators used for heavy load, rail and niche custom applications for actuation.

We have achieved this leadership position through strategic acquisitions, our extensive, diverse, and well-established distribution channels and our commitment to product innovation and quality.

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.

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 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.

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

Building on 150 years of industry experience, Columbus McKinnon has transformed into a scaled provider of material handling solutions with a broad variety of offerings, including lifting, automation, linear motion, and precision conveyance.

Most recently the Company expanded into the precision conveyance sector, expanding our Total Addressable Market (“TAM”) and providing pathways for growth in a highly fragmented industry.

A foundation for our transformation is our Columbus McKinnon Business System ("CMBS") and growth framework to be market-led, customer-centric and operationally excellent with our people and values at the core.

With CMBS as the foundation, we are well positioned to execute our Core Growth Framework ("Framework") strategy.

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 includes:

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”).

1 unchanged sentence

• 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 aftermarket support for our distributors.

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.

3 unchanged sentences

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 acquisitions of our conveyor businesses is an example of reimagining Columbus McKinnon’s core,

which added approximately $5 billion to our TAM, with the specialty conveying microsegment growing at an estimated 6% to 8% rate annually.

In fiscal 2022, the Company expanded into the precision conveyance sector with its acquisitions of Dorner Mfg.

("Dorner") and Garvey Corporation ("Garvey") followed by its acquisition of montratec GmbH (“montratec”) in fiscal 2024.

Columbus McKinnon’s precision conveyance platform provides leading automation solutions with unique, patented technologies in the design, application, manufacturing and integration of high-precision conveying systems.

Specifically:

• Dorner is a leading supplier to the stable life sciences, food processing, and consumer packaged goods markets as well as the higher growth industrial automation and e-commerce sectors.

The addition of Dorner has provided attractive complementary adjacencies to the Company.

Dorner offers a broad range of precision conveying systems to our product offerings, which include low profile, flexible chain, large scale, sanitary and vertical elevation conveyor systems, as well as pallet system conveyors.

• Garvey is a leading accumulation systems solutions company providing unique, patented systems for the automation of production processes whose products complement those of Dorner.

• montratec is a leading supplier of asynchronous conveying technology in the precision conveyance sector.

montratiec provides automation solutions by designing and developing intelligent automation and transport systems for interlinking industrial production and logistics processes.

montratec product offerings compliment the previous acquisitions of both Dorner and Garvey.

Together, our acquisitions within the precision conveyance industry established a platform for growth organically as well as through further acquisitions as the industry is highly fragmented.

On February 10, 2025, the Company announced that it had entered into a definitive agreement to acquire Kito Crosby Limited (“Kito”) (the “Kito Acquisition”).

The Kito Acquisition closing is subject to certain conditions, including regulatory approval as required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) and other customary closing conditions described in the stock purchase agreement entered into by the Company and Kito in connection with the Kito Acquisition.

The Kito Acquisition is expected to meaningfully improve the Company's scale, enhance our collective geographic reach, significantly expand our lifting securement and consumables portfolio and enhance our customer value proposition.

With global engineering, manufacturing, distribution, and operations, Kito provides a broad range of products and solutions for the most demanding applications.

Kito’s people, products, solutions, and service have innovated the lifting and securement industry throughout its long history.

Kito's iconic brands include Kito, Crosby, Harrington, Gunnebo Industries, and Peerless.

We expect that the Kito 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.

The Company anticipates the Kito Acquisition to close during fiscal 2026.

We intend to fund the acquisition through a combination of committed debt financing of $3,050,000,000 from J.P.

Morgan Securities, LLC including a $500,000,000 revolving credit facility and $800,000,000 of perpetual convertible preferred equity investment from Clayton, Dubliner & Rice (“CD&R”).

Terms of the CD&R investment include a 7% coupon, payable in cash or payment-in-kind at Columbus McKinnon’s option, and a conversion price of $37.68, resulting in CD&R as-converted ownership of approximately 43% of the Company following completion of the transaction.

CD&R has agreed to a customary lock-up on its shares.

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

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

6 unchanged sentences

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 legacy 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 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 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 and mining.

We also serve a niche market for the entertainment industry, including permanent and traveling concerts, live theater, and sporting venues.

Our precision conveyance acquisitions expanded our product offerings to include a broad range of highly engineered, precision conveying solutions.

The acquisitions of Dorner and Garvey expand the Company's reach to include the stable life sciences, food processing and consumer packaged goods markets and high growth industrial automation and e-commerce sectors.

montratec’s principal markets include aerospace and electric vehicle battery cell production amongst others.

Our STAHL subsidiary brings market leadership with independent crane builders and Engineering Procurement and Construction (“EPC”) firms.

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

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.

Of our fiscal 2026 sales, $668,333,000, or 56%, were U.S.

3 unchanged sentences

Hoists 48 % 50 %

Lifting and securement hardware 13 % 8 %

High-precision conveying systems 12 % 16 %

1 unchanged sentence

Actuators and rotary unions 9 % 9 %

Chain and rigging tools 8 7

Industrial cranes 5 % 4 %

Technology & Specialty Solutions 2 % — %

Elevator application drive systems 1 % 2 %

Hoists - We manufacture a wide variety of electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists.

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 Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, STAHL, Yale, and other recognized brands.

Our hoists are sold for use in numerous general industrial applications, as well as for use in the construction, energy and utilities, steel and metals processing, mining, transportation, entertainment, and other markets.

We also supply hoist trolleys, driven manually or by electric motors, which are used in conjunction with hoists.

We also offer several lines of standard and custom-designed, below-the-hook tooling, clamps, and textile strappings.

Below-the-hook tooling, textile, and chain slings and associated forgings, and clamps are specialized lifting apparatus used in a variety of lifting activities performed in conjunction with hoisting or lifting applications.

Last year, the Company announced that along with a strategic partner we have developed a cutting-edge battery hoist.

Combining our industry-leading hoist design with our partner's expertise in lithium-ion battery and brushless motor technology, the innovative BatteryStar™ hoist provides the lifting strength and speed of an electric chain hoist and the portability of a manual hoist without the need for time-consuming manual operation or access to a power source.

We also manufacture explosion-protected hoists and custom engineered hoists, including wire rope and manual and electric chain hoists.

These branded products are sold to a variety of end markets including automotive, general manufacturing, oil and gas, steel and concrete, power generation as well as process industries such as chemical and pharmaceuticals.

High-precision conveying systems – Dorner and Garvey expanded our product offerings to include high-precision, specialty conveyor system solutions.

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.

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, Hammerloks TM 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 and reliable solutions that enhance productivity and profitability.

The montratec acquisition provides asynchronous conveying solutions, which complements both Dorner and Garvey product offerings.

This furthers our shift to intelligent motion solutions and provides capabilities in advanced, higher technology automation solutions.

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 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

While we sell primarily to original equipment manufacturers ("OEMs") of overhead cranes and hoists, we engage with end users to understand their needs and gain specification.

These products offer customers high-quality, reliable solutions that enhance productivity and profitability.

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.

2 unchanged sentences

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 the transportation, paper, steel, energy, aerospace, and many other commercial industries.

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.

Chain and Rigging Tools - We manufacture alloy and carbon steel chain for various industrial and consumer applications.

federal regulations require the use of alloy chain for overhead lifting applications because of its strength and wear characteristics.

A line of our alloy chain is sold under the Herc-Alloy TM brand name for use in overhead lifting, pulling, and restraining applications.

We produce a broad line of alloy and carbon steel closed-die forged chain attachments, including hooks, shackles, Hammerloks TM , 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.

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 for 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 offerings are comprised of highly integrated subsystems and drives, sold mainly to elevator OEMs.

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.

3 unchanged sentences

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, or MROP, applications through their own direct sales force.

— 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.

6 unchanged sentences

— 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 229 certified hoist service and repair stations globally.

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.

9 unchanged sentences

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.

In addition, fluctuations in backlog can reflect the project-oriented nature of certain aspects of our business.

Fluctuations in backlog can reflect the project-oriented nature of certain aspects of our business.

Competitive Conditions

The material handling and precision conveyance industries remains fragmented.

The material handling and precision conveyance industries remain fragmented.

We face competition from a wide range of regional, national, and international manufacturers globally.

2 unchanged sentences

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), GH, Detroit Hoists, ACE World Companies, Abus, Kito (and its U.S.

subsidiary Harrington), Lifket/ChainMaster, Jet, AMH, Elephant, Ingersoll Rand, Tractel and Street.

Major competitors for chain are Campbell Chain, Kito (and its subsidiaries Gunnebo and Peerless), Pewag Chain, 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 forged attachments are Kito (and its subsidiaries Gunnebo and Peerless), Campbell Chain, Laclede Chain Manufacturing, Van Beest, Pewag, RUD, AMH Cartec, Yoke, Brewer Tichner Company and Chicago Hardware and Fixture Company.

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 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,

Major competitors for precision conveyors and accumulators are FlexLink, Bosch Rexroth AG, MK North America, Inc., Duravant, Nercon Eng.

Inc and Arrowhead Systems, which was acquired by Regal Rexnord.

As discussed herein, the Company announced the Kito Acquisition in February 2025 and expects the Kito Acquisition to close in fiscal 2026.

Human Capital Management

Headquartered in Charlotte, North Carolina, Columbus McKinnon’s global footprint includes offices, warehouses and manufacturing facilities in 25 countries across North America, Latin America, Europe, the Middle East, Africa and Asia.

At March 31, 2025, we had 3,478 employees globally.

Approximately 3.7% of our employees are represented under one U.S.

collective bargaining agreement that expires in May 2027.

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.

employees that we negotiate from time to time.

We have good relationships with our employees and positive, productive relationships with our unions.

We believe the risk of employee or union led disruption in production is remote.

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.

2 unchanged sentences

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 Communities, are directly connected to our commitment to people and values.

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.

4 unchanged sentences

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.

4 unchanged sentences

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 fully integrate ESG into our enterprise strategy, our business system, and our daily actions.

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:

4 unchanged sentences

• Be more transparent with internal and external stakeholders through communications and public disclosures.

As we look forward to fiscal 2026 and beyond, we have additional plans that will continue to move our ESG initiatives forward.

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 aggregated to approximately $375 million in fiscal 2025 (or 59% of Cost of product sold in fiscal 2025) and included steel, consisting of rod, wire, bar, structural, and other forms of steel;

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;

3 unchanged sentences

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.

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.

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.

These trademarks include, but are not limited to, Hammerloks™ and Herc-Alloy™.

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.

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.

2 unchanged sentences

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 ensure compliance with such regulatory standards.

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.

15 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business