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Composition of Kalmar Corporation’s Shareholders’ Nomination Board
Globenewswire· 2025-06-13 12:00
Core Points - The composition of Kalmar Corporation's Shareholders' Nomination Board has been updated as of June 13, 2025, consisting of four members appointed by the two largest shareholders of class A shares and the two largest shareholders of class B shares who do not own class A shares [1] - The Chair of Kalmar's Board of Directors, Jaakko Eskola, participates in the Nomination Board's work as an expert but does not have decision-making rights [2] - The Nomination Board is tasked with preparing proposals regarding the number, election, and remuneration of the Board of Directors' members, and must submit these proposals by the last day of January before the Annual General Meeting [3] - Kalmar operates globally in over 120 countries, employing approximately 5,200 people, and reported sales of approximately EUR 1.7 billion in 2024 [4] Shareholders' Nomination Board Members - Ville Herlin was appointed by Wipunen varainhallinta oy [5] - Heikki Herlin was appointed by Mariatorp Oy [5] - Timo Sallinen, Chief Investment Officer of Varma Mutual Pension Insurance Company, was appointed by Varma Mutual Pension Insurance Company [5] - Mikko Mursula, Chief Investment Officer and Deputy CEO of Ilmarinen Mutual Pension Insurance Company, was appointed by Ilmarinen Mutual Pension Insurance Company [5]
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]
Universal Technical Institute and Crown Equipment Corporation Celebrate 30 Years of Collaboration, Empowering Skilled Technicians
Prnewswire· 2025-05-12 13:15
Core Insights - Universal Technical Institute (UTI) celebrates a 30-year collaboration with Crown Equipment Corporation, enhancing career opportunities for UTI graduates in the material handling sector [2][4] - Crown Equipment has actively recruited UTI graduates for various roles, contributing to the development of a skilled workforce across its 80+ branches nationwide [2][3] - The partnership includes initiatives like UTI's Early Employment Program, allowing students to gain industry experience while completing their education [2][3] Company Collaboration - The collaboration has resulted in hundreds of UTI graduates being hired and promoted within Crown, many achieving leadership positions [3] - Crown Equipment's director of talent acquisition emphasizes the importance of this partnership in maintaining high service standards and providing meaningful career paths for graduates [3] - UTI's division president highlights the commitment to connecting students with employers who value their skills, showcasing the long-term success of graduates at Crown [4] Equipment and Resources - Crown Equipment has provided essential material handling equipment to UTI campuses, ensuring access to reliable tools for training and operations [4] - The partnership reinforces Crown's commitment to workforce development and support for skilled trades through custom campus branding and equipment donations [4] Educational Impact - UTI operates 15 campuses across nine states, offering a range of technical training programs in transportation and skilled trades [5] - The institute aims to serve students and communities by providing quality education and support services for in-demand careers [5]
Kalmar and London Gateway agree significant repeat order for electric straddle carriers with high-energy batteries
Globenewswire· 2025-05-07 10:00
Core Insights - Kalmar has received a repeat order from DP World for 12 fully electric straddle carriers with high-energy batteries for the London Gateway logistics hub, including a FastCharge charging station, with delivery scheduled for Q1 2026 [1][2][3] Group 1: Company Developments - The order is part of DP World's significant investments in fully electric equipment aimed at reducing carbon emissions, targeting a 51% reduction in absolute emissions across European operations by 2030 and achieving net-zero by 2050 [2] - Kalmar's electric straddle carriers can operate for up to four hours without charging, and DP World has installed two FastCharge stations that can recharge the machines in just 45 minutes [3] - The straddle carriers will feature two charging technologies: a standard CCS2 interface for compatibility with commercial stations and a megawatt charging system for fast charging during operational breaks [3] Group 2: Leadership Statements - Andrew Bowen, COO of DP World UK Ports & Terminals, emphasized the commitment to sustainable logistics and the role of the new electric fleet in enhancing service efficiency and sustainability [4] - Karri Keskinen, Head of Sales at Kalmar, highlighted the significance of the order as a step towards a sustainable future in cargo-handling operations, reinforcing the partnership with DP World in emission-reduction efforts [4] Group 3: Company Overview - Kalmar, headquartered in Helsinki, Finland, operates globally in over 120 countries and employs approximately 5,200 people, with sales totaling around EUR 1.7 billion in 2024 [5]
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]