NASDAQ$CMCO

Columbus McKinnon Corporation · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Columbus McKinnon reported continued sales growth and gross margin expansion.

Columbus McKinnon reported a 2% increase in net sales to $239.7 million and a gross margin increase of 30 bps to 37.1% in Q1 FY25. The company reaffirms its FY25 guidance. Net income was $8.6 million, and adjusted EBITDA increased 2% to $37.5 million.

  • Net sales increased 2% to $239.7 million with strength in precision conveyance.
  • Backlog increased 4% from the prior quarter with book-to-bill ratio of 1.05x.
  • Gross margin increased 30 bps to 37.1%; Adjusted Gross Margin increased 110 bps to 38.0%.
  • Net income of $8.6 million or 3.6% of sales including $2.6 million of costs for factory simplification.

Headline financials

Total Revenue

$240M

Previous: $235M+1.8%
EPS (adj)

$0.62

Previous: $0.62+0.0%
Gross Margin

37.1%

No prior period
Adjusted EBITDA Margin

15.6%

No prior period
Capital Expenditures

-$4.63M

Previous: $5.27M-187.8%
Net Income

$8.6M

Previous: $9.28M-7.3%
Operating Income

$21.1M

Previous: $21.4M-1.4%
Gross Profit

$89M

Previous: $86.6M+2.7%
R&D Expense

$6.17M

No prior period
Stock-Based Comp

$1.1M

Previous: $1.98M-44.4%

Revenue & EPS history

Columbus McKinnon · Revenue · Quarterly

$240M

Q1 2025+1.8%vs Q1 2024
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

The Company is issuing the following guidance for the second quarter of fiscal 2025, ending September 30, 2024: Net sales down low to mid-single digits year-over-year and Adjusted EPS down mid-single digits year-over-year. The Company is reaffirming the following guidance for the fiscal year 2025, ending March 31, 2025: Net sales low-single digit growth year-over-year, Adjusted EPS mid to high-single digit growth year-over-year, Capital Expenditures $20 million to $30 million and Net Leverage Ratio ~2.0x

Tailwinds

  • Reaffirming FY25 guidance for net sales growth.
  • Reaffirming FY25 guidance for adjusted EPS growth.
  • Reaffirming FY25 guidance for capital expenditures.
  • Reaffirming FY25 guidance for net leverage ratio.
  • Expected debt repayment of $60 million for FY25.

Headwinds

  • Second quarter 2025 guidance assumes approximately $9 million of interest expense.
  • Second quarter 2025 guidance assumes approximately $8 million of amortization.
  • Second quarter 2025 guidance assumes an effective tax rate of 25%.
  • Second quarter 2025 guidance assumes 29.2 million diluted average shares outstanding.
  • Second quarter fiscal 2025 guidance reflects the expected effect of the consolidation of North American linear motion production into the new Monterrey, MX manufacturing center of excellence.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.2%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.3%

Avg return

30 days after

57%

36 / 63 earnings

Positive

+23.1%

Q1 2018

Best reaction

-41.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.1%-11.2%-33.0%
Q2 2026-2.2%+4.0%+6.8%
Q1 2026-13.9%-18.4%-11.2%
Q4 2025-11.9%-22.4%-13.2%
Q3 2025-41.2%-42.3%-50.7%
Q2 2025-1.3%-2.5%+21.9%
Q1 2025-6.1%-14.1%-12.9%
Q4 2024+1.6%+2.7%-21.1%
Q3 2024+2.3%+4.2%+9.4%
Q1 2024-8.0%-9.2%-11.1%
Q4 2023+4.5%+3.9%+12.8%
Q3 2023+9.1%+6.3%+7.8%
Q2 2023+1.0%+4.2%+12.3%
Q1 2023+3.2%+1.7%+0.9%
Q4 2022-7.5%+2.3%-6.7%
Q3 2022-4.5%-2.4%-0.2%
Q2 2022-2.4%+0.5%-1.6%
Q1 2022+1.2%-1.4%+0.3%
Q4 2021+0.0%-1.3%-6.6%
Q3 2021+6.2%+14.5%+23.8%
Q2 2021-1.7%+3.6%+9.7%
Q1 2021-3.8%-3.4%+6.9%
Q4 2020+8.3%+6.6%+13.8%
Q3 2020+7.9%+5.0%-9.7%
Q2 2020+3.5%+5.6%+10.5%
Q1 2020-4.0%-7.4%-19.8%
Q4 2019+10.4%+9.1%+23.9%
Q3 2019-1.4%-0.3%+5.8%
Q2 2019+21.5%+24.3%+12.8%
Q1 2019+3.9%+3.8%+5.9%
Q4 2018+9.4%+12.0%+14.5%
Q3 2018-3.1%-5.3%-2.3%
Q2 2018+2.2%+5.4%+10.0%
Q1 2018+23.1%+24.3%+28.0%
Q4 2017+9.5%+14.0%+4.2%
Q3 2017-5.6%-4.0%-9.5%
Q2 2017+13.4%+10.5%+52.3%
Q1 2017+3.3%+4.0%+8.7%
Q4 2016+3.5%+3.8%-3.3%
Q3 2016+2.1%
Q2 2016-12.9%
Q1 2016-6.1%
Q4 2015-7.2%
Q3 2015-2.1%
Q2 2015+21.3%
Q1 2015-9.7%
Q4 2014+9.9%
Q3 2014-3.9%
Q2 2014+4.9%
Q1 2014-11.3%
Q4 2010+0.5%
Q4 2013+2.7%
Q3 2013+8.8%
Q2 2013-1.0%
Q1 2013+3.3%
Q4 2012+9.2%
Q3 2011+11.4%
Q3 2012+11.4%
Q2 2011+7.4%
Q2 2012+7.4%
Q4 2011-1.2%
Q1 2012-1.2%
Q1 2011-1.2%

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