#USA #Charlotte #Columbus McKinnon #fiscal results #Kito Crosby

Columbus McKinnon Achieves Record Orders in Fiscal 2025

Columbus McKinnon Corporation, a prominent player in designing and manufacturing intelligent motion solutions, recently announced their financial accomplishments for the fiscal year 2025. This performance, which concluded on March 31, 2025, was marked by several significant achievements, notably record orders totaling $1.0 billion, representing a growth of 3% from the previous year despite a negative impact of 1% from foreign exchange.

Highlights of Fiscal 2025

Columbus McKinnon's financial report showcased key highlights:

• - Record Orders: The company reported record orders, driven primarily by an 8% increase in project-related business and an impressive surge of 19% in the precision conveyance sector.
• - Growing Backlog: Their backlog grew by $41.7 million to reach $322.5 million, a 15% increase, signaling strong future demand.
• - Net Sales Dip: However, net sales fell by 5% to $963.0 million, primarily due to soft short-cycle orders and a longer timeframe for delivering project-based orders.
• - Net Loss: The company experienced a net loss of $5.1 million, influenced by several significant non-cash costs, but reported an adjusted EBITDA of $150.5 million with a healthy margin of 15.6%.
• - Debt Management: Columbus McKinnon effectively repaid $60.7 million of its debt during FY25, ensuring continued financial health.

Fourth Quarter Performance

The fourth quarter showcased a more nuanced picture:

• - Orders Increased: Orders in this quarter rose by 2%, driven by precision conveyance and automation solutions, both capturing an impressive 14% growth.
• - Sales Decline: However, net sales decreased by 7% in the quarter due to soft short-cycle demand, showing lower volumes, particularly in U.S. sales which declined by 10.1%.
• - Operating Losses: There was a net loss for the quarter of $2.7 million, emphasizing the challenges faced amidst operational adjustments and integration costs, particularly related to the pending acquisition of Kito Crosby.

Strategic Acquisitions and Future Outlook

As part of Columbus McKinnon's strategy for growth, the company plans to advance its market presence through strategic acquisitions, with the pending purchase of Kito Crosby being a key focus. Management believes this acquisition will not only boost their geographic footprint but is also poised to enhance customer value propositions through a wider product suite.

David Wilson, President and CEO, shared his insights on the company’s momentum heading into FY26, emphasizing the importance of their strong backlog and growing orders against the backdrop of ongoing market volatility:

“We are confident in Columbus McKinnon’s strategies that align with evolving industry megatrends such as on-shoring and global infrastructure investments,” Wilson stated. He further acknowledged the team for their dedication to customer service and strategic initiatives.

Financial Guidance for FY26

Looking ahead, the company’s guidance for fiscal 2026 anticipates a stable outlook regarding net sales and adjusted EPS, while acknowledging potential headwinds from tariff environments that may impact costs and product availability. Their forecasts include expectations for adjusting their operations to mitigate these factors, aiming for ongoing commitment to shareholder value through dividends and strategic debt repayments.

Conclusion

In conclusion, Columbus McKinnon Corporation’s reporting for fiscal year 2025 highlights a pivotal year of growth and strategic alignment towards future profitability. The careful management of financial resources combined with proactive customer engagement positions Columbus McKinnon for sustainable success in the moving solutions industry. Comprehensive insights into their financial performance and strategic direction are available on their investor relations website, showcasing their commitment to excellence in operational execution and customer satisfaction.