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Columbus McKinnon Reports Record Orders in Fiscal 2025
Prnewswire· 2025-05-28 10:30
Core Insights - Columbus McKinnon Corporation reported a decrease in net sales for both the fourth quarter and the full fiscal year 2025, with a net loss attributed to various non-cash costs and operational challenges [1][5][10]. Fiscal Year 2025 Highlights - Net sales for fiscal year 2025 were $963.0 million, down 5% from $1,013.5 million in fiscal year 2024 [5][16]. - The company experienced a net loss of $5.1 million for the year, which included significant non-cash pension settlement costs and factory consolidation costs [5][16]. - Adjusted EBITDA for the year was $150.5 million, with an adjusted EBITDA margin of 15.6% [5]. Fourth Quarter 2025 Highlights - Fourth quarter net sales were $246.9 million, a decrease of 7% compared to $265.5 million in the same quarter of the previous year [3][17]. - U.S. sales fell by 10.1%, while non-U.S. sales decreased by 2.7% [3][4]. - Gross profit for the fourth quarter was $79.8 million, down 15.4% from $94.3 million in the prior year, resulting in a gross margin of 32.3% [4][17]. Orders and Backlog - The company reported record orders of $1.0 billion, up 3%, driven by growth in project-related business and precision conveyance [5][26]. - The backlog increased to $322.5 million, reflecting a 15% rise compared to the previous year [5][26]. Kito Crosby Acquisition - Columbus McKinnon is progressing towards the acquisition of Kito Crosby, which is expected to enhance its product offerings and geographic reach [7][8]. - The acquisition is subject to regulatory clearance and is anticipated to close later in the calendar year [8]. Fiscal Year 2026 Guidance - The company expects net sales and adjusted EPS to be flat to slightly up for fiscal 2026, not accounting for the Kito Crosby acquisition [10][11]. - The guidance reflects ongoing challenges from tariff policies impacting supply chain costs [10][11]. Capital Allocation - Columbus McKinnon plans to prioritize debt repayment to strengthen its balance sheet while maintaining consistent dividend payments [9].
Columbus McKinnon to Host Fourth Quarter and Full Year Fiscal 2025 Earnings Conference Call on May 28, 2025
Prnewswire· 2025-05-16 14:41
Group 1 - Columbus McKinnon Corporation will release its fourth quarter and full year fiscal 2025 results on May 28, 2025, before the market opens [1] - A conference call will be held on the same day at 10:00 a.m. Eastern Time to discuss the financial and operating results, as well as corporate strategy and outlook [2] - The conference call will be available via live webcast and a replay will be accessible for two weeks after the call [2] Group 2 - Columbus McKinnon is a leading designer, manufacturer, and marketer of intelligent motion solutions for material handling, focusing on commercial and industrial applications [3] - Key products 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]
Kalmar and London Gateway agree significant repeat order for electric straddle carriers with high-energy batteries
Globenewswire· 2025-05-07 10:00
DP World London Gateway_Credit to Miru Visuals (1) DP World London Gateway, Photo Credit Miru Visuals Kalmar Electric Straddle Carrier_Credit to DP World Kalmar Electric Straddle Carrier, Photo Credit DP World KALMAR CORPORATION, TRADE PRESS RELEASE, 7 MAY 2025 AT 13:00 PM (EEST) Kalmar and London Gateway agree significant repeat order for electric straddle carriers with high-energy batteries Kalmar has secured a significant repeat order from long-term customer DP World for 12 fully electric Kalmar ...
Kalmar introduces Kalmar One as a standalone automation solution
Globenewswire· 2025-05-07 07:00
Core Viewpoint - Kalmar has launched Kalmar One, a standalone automation solution designed to meet the growing demand for a modular and equipment-type agnostic fleet management system in terminal operations [1][4]. Group 1: Product Features - Kalmar One is an OEM and equipment type-agnostic solution that allows terminal operators to integrate and optimize their operations through a single system, standardizing automation solutions across multiple terminals [2][11]. - The solution provides a seamless interface between the terminal operating system and automated equipment, enabling terminals to maximize the efficiency of their automated assets while reducing costs [4][9]. Group 2: Key Benefits - No vendor lock: Kalmar One can interface with any brand of automated equipment, allowing customers to choose their equipment and automation suppliers independently [9]. - Optimized operations: The system enhances the end-to-end logistics flow from stack to quay, ensuring optimal performance on both quayside and landside [9]. - Scalability and flexibility: Kalmar One is modular, allowing businesses to scale their automated operations as needed and add new equipment as their fleet expands, supporting various levels of automation [9]. Group 3: Company Overview - Kalmar operates globally in over 120 countries, employing approximately 5,200 people, and reported sales of approximately EUR 1.7 billion in 2024 [5].
Kalmar Corporation - Managers' transactions - Torttila-Miettinen
Globenewswire· 2025-05-05 10:30
Group 1 - Kalmar Corporation is involved in critical supply chains globally, focusing on sustainable material handling equipment and services [2] - The company operates in over 120 countries and employs approximately 5,200 people [2] - In 2024, Kalmar's sales totaled approximately EUR 1.7 billion [2] Group 2 - Emilia Torttila-Miettinen, a member of the Board, received a share-based incentive of 1,368 shares at a unit price of 0.00 EUR on April 30, 2025 [1] - The transaction was reported as an initial notification under the relevant regulations [1] - The aggregated volume of the transaction also reflects a volume-weighted average price of 0.00 EUR [1]
Kalmar Corporation - Managers' transactions - Hedblom
Globenewswire· 2025-05-05 10:30
Group 1 - Kalmar Corporation is involved in critical supply chains globally, focusing on sustainable material handling equipment and services [2] - The company operates in over 120 countries and employs approximately 5,200 people [2] - In 2024, Kalmar's sales totaled approximately EUR 1.7 billion [2] Group 2 - A recent transaction involved Marcus Hedblom, a member of the Board, receiving a share-based incentive of 1,296 shares at a unit price of 0.00 EUR [1] - The transaction was recorded on April 30, 2025, and is categorized as an initial notification [1] - The aggregated volume for the transaction was also 1,296 shares with a volume-weighted average price of 0.00 EUR [1]
Kalmar Corporation - Managers' transactions - Lindholm
Globenewswire· 2025-05-05 10:30
Group 1 - Kalmar Corporation is involved in critical supply chains globally, focusing on sustainable material handling equipment and services [2] - The company operates in over 120 countries and employs approximately 5,200 people [2] - In 2024, Kalmar's sales totaled approximately EUR 1.7 billion [2] Group 2 - A member of the Board, Casimir Lindholm, received a share-based incentive on April 30, 2025, involving 1,512 shares at a unit price of 0.00 EUR [1] - The transaction was reported as an initial notification under the relevant regulations [1]
Kalmar Corporation - Managers' transactions - Pohjonen
Globenewswire· 2025-05-05 10:30
Group 1 - Kalmar Corporation is involved in critical supply chains globally, focusing on sustainable material handling equipment and services [2] - The company offers a diverse range of heavy material handling equipment and services for ports, terminals, distribution centers, manufacturing, and heavy logistics [2] - Kalmar operates in over 120 countries and employs approximately 5,200 people [2] Group 2 - In 2024, Kalmar's sales totaled approximately EUR 1.7 billion [2] - A recent transaction involved Sari Pohjonen, a member of the board, receiving a share-based incentive of 1,440 shares at a unit price of 0.00 EUR [1] - The transaction was conducted on April 30, 2025, and is categorized as an initial notification [1]
Kalmar Corporation - Managers' transactions - Eskola
Globenewswire· 2025-05-05 10:30
Group 1 - Kalmar Corporation is focused on sustainable material handling equipment and services, aiming to lead in the industry [2] - The company operates globally in over 120 countries and employs approximately 5,200 people [2] - In 2024, Kalmar's sales totaled approximately EUR 1.7 billion [2] Group 2 - Jaakko Eskola, a member of the Board, received a share-based incentive of 2,521 shares at a unit price of 0.00 EUR on April 30, 2025 [1] - The transaction was reported as an initial notification under the relevant regulations [1] - The aggregated volume of the transaction was 2,521 shares with a volume-weighted average price of 0.00 EUR [1]
Kalmar Corporation - Managers' transactions - Kemppi-Vasama
Globenewswire· 2025-05-05 10:30
Group 1 - Kalmar Corporation is involved in critical supply chains globally, focusing on sustainable material handling equipment and services [2] - The company offers a diverse range of heavy material handling equipment and services for ports, terminals, distribution centers, manufacturing, and heavy logistics [2] - Kalmar operates in over 120 countries and employs approximately 5,200 people [2] Group 2 - In 2024, Kalmar's sales totaled approximately EUR 1.7 billion [2] - A recent transaction involved Teresa Kemppi-Vasama, a member of the board, receiving 1,296 shares as part of a share-based incentive [1] - The transaction occurred on April 30, 2025, with a unit price of 0.00 EUR [1]