Columbus McKinnon (CMCO) Q1 2026 Earnings Call July 30, 2025 10:00 AM ET Speaker0Good morning, and welcome to Columbus McKinnon's First Quarter Fiscal twenty twenty six Earnings Conference Call. My name is Marissa, and I will be your conference operator for today. As a reminder, this call is being recorded. I would now like to turn the conference over to Kristi Moser, Vice President of Investor Relations and Treasurer.Speaker1Thank you, and welcome, everyone, to our call. On today's call, we will be coverin ...

July 30, 2025 Q1 Fiscal 2026 Financial Results Conference Call David Wilson President & Chief Executive Officer Gregory Rustowicz Executive Vice President Finance & Chief Financial Officer Kristine Moser Vice President, Investor Relations & Treasurer Safe Harbor Statement This presentation and the accompanying oral discussion contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are generally identified by the use of ...

CHARLOTTE, N.C., July 30, 2025 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2026 first quarter, which ended June 30, 2025. First Quarter 2026 Highlights (compared with prior-year period, except where otherwise noted) "The first quarter largely played out as expected as we delivered sustained order gr ...

Company Overview - Columbus McKinnon Corporation is a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling [3] - The company focuses on commercial and industrial applications that require safety and quality through superior design and engineering [3] Upcoming Financial Results - Columbus McKinnon will release its first quarter fiscal 2026 results before the market opens on July 30, 2025 [1] - Management will host a conference call at 10:00 a.m. Eastern Time to review financial and operating results and discuss corporate strategy and outlook [2] Conference Call Details - The conference call will be available via live webcast on the company's Investor Relations webpage [2] - A replay of the call will be accessible approximately two hours after the call, available until August 13, 2025 [2]

Core Insights - Columbus McKinnon Corporation published its fifth annual Corporate Sustainability Report, emphasizing its commitment to environmental stewardship, social responsibility, and governance [1][2] - The company aims to strengthen its business through a focused sustainability strategy that aligns with its operational goals, enhancing financial results and long-term value while reducing environmental impacts [2] Sustainability Achievements - Significant progress in emissions reduction, particularly in Scope 1 and Scope 2 emissions intensity [5] - Ongoing initiatives in recycling and waste reduction [5] - Enhanced role of global Green Teams in educating employees and implementing carbon footprint mitigation strategies [5] Employee Engagement and Development - Increased focus on professional development and employee engagement to support growth strategies [5] Regulatory Preparedness - Proactive measures taken in anticipation of the European Union Corporate Sustainability Reporting Directive [5]

June 12, 2025 2025 Wells Fargo Industrials & Materials Conference Gregory Rustowicz Executive Vice President Finance & Chief Financial Officer Kristine Moser Vice President, Investor Relations & Treasurer Non-GAAP Financial Measures and Forward-looking Non-GAAP Financial Measures This presentation will discuss some non-GAAP ("adjusted") financial measures which we believe are useful in evaluating Columbus McKinnon and Kito Crosby's performance. You should not consider the presentation of this additional inf ...

Summary of Columbus McKinnon Conference Call Company Overview - Columbus McKinnon is a global leader in intelligent motion solutions for material handling with over 150 years of history and public since 1996 [2][3] - The company generates approximately $1 billion in sales with a 16% EBITDA margin, with 60% of business in North America and 30% in EMEA [4] Business Segments - The company operates in four main platforms: - Lifting (60% of revenue) providing hoists and rigging materials [5] - Precision conveyance, enhanced through acquisitions like Dorner and Garvey [6] - Automation, stemming from the Magnetek acquisition [6] - Linear motion, representing 9% of the company [7] Growth Strategy - Columbus McKinnon is focused on growth and margin expansion through strategic acquisitions and entering secular growth categories [3][12] - Recent acquisitions include: - Keto Crosby for $2.7 billion, expected to close by the end of the calendar year [10][19] - Dorner Corporation for $485 million, enhancing precision conveyance capabilities [12] - Garvey Corporation and Montrotech, expanding automation and precision handling [16][18] Financial Performance and Projections - The acquisition of Keto Crosby is expected to double the company's size and triple EBITDA, with a projected EBITDA margin of 23% [27] - Anticipated net synergies of $70 million from the acquisition, with significant free cash flow generation expected [28][39] - The company aims to reduce net leverage to about 3x within two years [40] Market Dynamics - The company is experiencing strong demand in sectors such as battery production, e-commerce, life sciences, food and beverage, and aerospace [58][61][63] - Challenges include tariff impacts, with a potential $10 million headwind expected in the current fiscal year [43][45] - Short cycle orders have been weaker, but project business is growing, indicating a shift in demand profiles [50][54] Competitive Landscape - The industry has shown rational pricing behavior in response to inflation and tariffs, with Columbus McKinnon implementing pricing actions to mitigate tariff impacts [47][49] - The company is well-positioned to leverage its global presence and expertise in various markets, including defense and energy [68] Conclusion - The Keto Crosby acquisition is viewed as a transformative opportunity, enhancing scale and operational capabilities while allowing Columbus McKinnon to continue its strategic focus on intelligent motion solutions [70][71]

Core Insights - Columbus McKinnon Corporation will present at the 2025 Wells Fargo Industrials & Materials Conference on June 12, 2025, at approximately 1:45 p.m. Eastern Time [1] - A live audio webcast of the presentation will be available on the Columbus McKinnon Investor Relations webpage, with a replay accessible until June 26, 2025 [2] - Columbus McKinnon is a leading designer, manufacturer, and marketer of intelligent motion solutions, focusing on commercial and industrial applications [3] Company Overview - Columbus McKinnon specializes in moving, lifting, positioning, and securing materials through its key products, which include hoists, crane components, precision conveyor systems, rigging tools, light rail workstations, and digital power and motion control systems [3] - The company emphasizes safety and quality through superior design and engineering know-how [3]

Financial Performance - In fiscal 2025, the company's sales were $537,549,000 (56%) from the U.S. and $425,478,000 (44%) from non-U.S. markets[33]. - The company's product sales breakdown for fiscal 2025 included 50% from hoists, 16% from high-precision conveying systems, and 11% from digital power control systems[33]. - The company's backlog of orders as of March 31, 2025, was approximately $322.5 million, an increase from $280.8 million on March 31, 2024, reflecting a growth of about 14.9% year-over-year[49]. - Raw material and component purchases totaled approximately $375 million in fiscal 2025, representing 59% of the cost of products sold[58]. - The overall safety incident rate for fiscal 2025 was 0.54, down from 0.71 in fiscal 2024, indicating improved workplace safety[59]. Market Position and Strategy - The company achieved a market leadership position in hoists, material handling digital power control systems, and precision conveyors in the U.S. and Europe[19]. - The precision conveyance acquisitions of Dorner, Garvey, and montratec expanded the company's product offerings and established a platform for growth in a highly fragmented industry[23][24]. - The Kito Acquisition is expected to close during fiscal 2026 and will enhance the company's geographic reach and expand its lifting securement and consumables portfolio[26]. - The company plans to fund the Kito Acquisition through $3,050,000,000 in committed debt financing and $800,000,000 of preferred equity investment[27]. - The company's Total Addressable Market (TAM) increased by approximately $5 billion with the acquisition of conveyor businesses, with the specialty conveying microsegment growing at an estimated 6% to 8% annually[22]. - The company is focused on expanding its market share through product localization, new product development, and advancements in automation[21]. - The company has a strategic growth framework that includes strengthening, growing, expanding, and reimagining its core business[21]. - The company is committed to maintaining positive perceptions of its brands and successfully integrating acquisitions to enhance its competitive position[13]. Global Operations - The company operates in 25 countries and had 3,478 employees globally as of March 31, 2025[55]. - In fiscal 2025, 44% of net sales were generated from foreign manufacturing plants and sales offices, indicating significant international exposure[207]. Risk Management - The company is exposed to market risks including commodity prices for raw materials and foreign currency exchange rates, which may impact financial performance[205]. - The company has a cross currency swap agreement with a notional amount of $72,040,000, maturing on March 31, 2028, to hedge against foreign exchange rate changes[208]. - The company has foreign currency forward agreements with a notional amount of $36,528,000 to hedge forecasted inventory purchases in foreign currencies[209]. - A 10% change in the value of the U.S. dollar against significant foreign currencies would impact income from operations by approximately $2,407,000[207]. - The company actively monitors trade tariffs and implements pricing strategies, including tariff surcharges, to mitigate their impact[206]. Financial Obligations - As of March 31, 2025, the company had $437.6 million outstanding under Term Loan B and $25.0 million under the AR Securitization Facility, both subject to variable interest rates[210]. - The company expects to reclassify approximately $376,000 from accumulated other comprehensive loss (AOCL) to interest expense over the next 12 months due to interest rate swaps[212]. - A 100 basis point increase in variable rates would increase annual cash interest by approximately $1.1 million[213]. - The company expects to reclassify approximately $36,000 from AOCL to foreign currency exchange loss (gain) in the next 12 months related to an intercompany loan[208]. Employee Engagement and Culture - The company emphasizes a people-first culture, focusing on employee engagement, training, and development opportunities to drive strategic progress[60]. - The principal competitive factors include customer service, product availability, and brand reputation, which are critical for maintaining market position[51]. - The company has established a network of 17 chain repair service stations and over 229 certified hoist service and repair stations globally to enhance service access[47].

Columbus McKinnon (CMCO) Q4 2025 Earnings Call May 28, 2025 10:00 AM ET Company Participants Kristine Moser - VP of Investor Relations & TreasurerDavid Wilson - President, Chief Executive Officer & DirectorGregory Rustowicz - SVP Finance, Chief Financial Officer & TreasurerJames Kirby - Vice PresidentJon Tanwanteng - Managing Director Conference Call Participants Steve Ferazani - Senior Equity Analyst - Diversified Industrials & Energy Operator Good morning, and welcome to Columbus McKinnon's Full Year and ...