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Columbus McKinnon Publishes 5th Annual Corporate Sustainability Report, Demonstrating Continued Focus on its Sustainability Strategy
Prnewswire· 2025-07-02 12:30
CHARLOTTE, N.C., July 2, 2025 /PRNewswire/ -- Columbus McKinnon Corporation (NASDAQ: CMCO) ("Columbus McKinnon" or the "Company"), today announced the publication of its fifth annual Corporate Sustainability Report. This year's report highlights the company's continued commitment to environmental stewardship, social responsibility, and strong governance, which serves as the bedrock for the company's unwavering dedication to building a more sustainable future for its employees, customers, and communities wor ...
Columbus McKinnon to Present at the 2025 Wells Fargo Industrials & Materials Conference
Prnewswire· 2025-06-09 13:00
CHARLOTTE, N.C., June 9, 2025 /PRNewswire/ -- Columbus McKinnon Corporation (Nasdaq: CMCO) ("Columbus McKinnon" or the "Company"), today announced that it will present at the 2025 Wells Fargo Industrials & Materials Conference on June 12, 2025, at approximately 1:45 p.m. Eastern Time.The live audio webcast will be available via the Columbus McKinnon Investor Relations webpage at investors.cmco.com. A replay of the webcast will be available on the Company's Investor Relations page shortly following the prese ...
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]