Columbus Mckinnon Corporation · NASDAQ:CMCO
Columbus Mckinnon — Q4 2025 Earnings Presentation
23 slides from Columbus Mckinnon's earnings presentation, May 28, 2025
Slide 1: Q4 and Fiscal Year 2025 Financial Results Conference Call
May 28, 2025 Q4 and Fiscal Year 2025 Financial Results Conference Call David Wilson Gregory Rustowicz Kristine Moser President & Executive Vice President Finance Vice President, Investor Relations Chief Executive Officer & Chief Financial Officer & Treasurer
Slide 2: Safe Harbor Statement
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 forward-looking terminology, includin
Slide 3: FY25 Year End Review
FY25 Year End Review Record orders and strong backlog • Orders of $1.0B, up 3% (including -1% FX impact) driven by growth of 8% in project-related business and 19% in precision conveyance • Orders strong in Q4 at $264M, up 2% (including -2% FX impact) led by precision conveyance and automation, both
Slide 4: Kito Crosby Acquisition Update
Kito Crosby Acquisition Update + Compelling Strategic and Financial Rationale Pathway and Progress to Close Enhances scale and strengthens competitiveness – broader product Committed financing has been successfully syndicated, including a new portfolio, enhanced operational capabilities and geogra
Slide 5: Impact of Tariffs
Impact of Tariffs Import Flow EBITDA Impact1 ($M) To $12 Tariff impacts ($40M EBITDA): Indirect Sourcing1 10 Tariff impact on imports to the U.S. To 4 Announced reciprocal tariffs Tariff impact from third party sourcing To 4 Pass through tariffs on product from local distributors and parts
Slide 6: Orders and Backlog
Orders and Backlog ($ in millions, $M) Quarterly Orders Annual Orders Backlog $300.0 2.00x 2.00x $322.5 Solid Q4 FY25 orders with a Book to Bill of 1.07x $1,001.4 Q4 FY25 Orders up 2% Y/Y; Included a (2%) FX impact $258.1 $264.3 $1,000.0 $969.9 $280.8 1.80x Project-related orders grew 7% Y/Y giv
Slide 7: Net Sales
Net Sales ($ in millions, $M) Q4 FY25 Net Sales Bridge Q4 FY25 net sales decreased Y/Y due to: $265.5 $2.9 $246.9 Short-cycle down 11% Y/Y impacted by U.S. policy uncertainty $(17.3) $(4.2) and lower demand in Europe Project-related sales down 4% Negative 2% FX impact Partially offset by pri
Slide 8: Gross Profit & Margin
Gross Profit & Margin ($ in millions, $M) Q4 FY25 Gross Profit Q4 FY25 gross margin of 32.3% and Adjusted Gross Margin1 of 35.2% $94.3 $2.0 $79.8 Gross profit of $79.8M impacted by: ($11.0) ($4.4) ($1.1) Factory consolidation and Monterrey, MX start-up costs Adjusted Gross Profit1 of $87.0M lo
Slide 9: RSG&A
RSG&A ($ in millions, $M) Quarterly RSG&A Annual RSG&A Q4 FY25 RSG&A included: $238.3 $241.2 $11.0M of costs related to pending acquisition $67.5 $61.4 GAAP $228.3 $219.9 Q4 FY25 Adjusted RSG&A1 decreased $3.0M Y/Y $58.5 $55.5 driven by cost savings FY25 RSG&A included: Adjusted1 $11.0M of costs
Slide 10: Operating Income
Operating Income ($ in millions, $M) Quarterly Operating Income Annual Operating Income Q4 FY25 operating income of $4.9M included: $11.0M of costs related to pending acquisition $120.7 $8.2M of factory consolidation & Monterrey, MX start-up costs $31.1 $102.3 Q4 FY25 Adjusted Operating Income1
Slide 11: Earnings Per Share
Earnings Per Share Quarterly Diluted EPS Annual Diluted EPS Q4 FY25 EPS included non-cash & unique items: $2.86 Costs related to pending acquisition $2.48 Factory consolidation and Monterrey, MX start-up costs $0.75 Q4 FY25 Adjusted EPS1 of $0.60 includes: $0.60 Lower sales volume and mix Pa
Slide 12: Adjusted EBITDA
Adjusted EBITDA ($ in millions, $M) Quarterly Adjusted EBITDA1 Annual Adjusted EBITDA1 $166.7 Q4 FY25 Adjusted EBITDA1 of $36.1M includes: $43.0 $150.5 $11.0M impact from lower sales volume and mix $36.1 Partially offset by lower RSG&A expenses, and price increases FY25 Adjusted EBITDA1 of $150.
Slide 13: Cash Flow
Cash Flow ($ in millions, $M) Quarterly Free Cash Flow1 Annual Free Cash Flow1 FY25 net cash provided by operations of $45.6M and Free Cash Flow1 of $24.2M includes: $42.4 $16.9M due to timing of unbilled over time revenue recognition on large projects $11.7M higher inventory due to timing of la
Slide 14: FY2026 Guidance
FY2026 Guidance Fiscal Year 2026 Guidance Guidance Assumptions: ~$35M of interest expense Net Sales Growth Flat to slightly up ~$30M of amortization ~25% effective tax rate ~29.0M diluted average shares outstanding Adjusted EPS1 Flat to slightly up Guidance contemplates the following impac
Slide 15: Supplement
Supplement
Slide 16: Non-GAAP Measures
Non-GAAP Measures The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this presentation to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). The C
Slide 17: Non-GAAP Measures: Adjusted Gross Profit and Adjusted Gross Margin
Non-GAAP Measures: Adjusted Gross Profit and Adjusted Gross Margin ($ in thousands) Quarter Year Q4 FY24 Q4 FY25 FY24 FY25 Gross profit $ 94,315 $ 79,810 $ 374,838 $ 325,680 Add back (deduct): Business realignment costs — — 346 994 Hurricane Helene cost impact — — — 171 Factory and warehouse consoli
Slide 18: Non-GAAP Measures: Adjusted RSG&A and Adjusted RSG&A as a Percent of Sales
Non-GAAP Measures: Adjusted RSG&A and Adjusted RSG&A as a Percent of Sales ($ in thousands) Quarter Year Q4 FY24 Q4 FY25 FY24 FY25 RSG&A $ 61,353 $ 67,481 $ 238,294 $ 241,161 Add back (deduct): Acquisition deal and integration costs (3) (11,014) (3,211) (11,014) Business realignment costs — (399) (1
Slide 19: Non-GAAP Measures: Adjusted Operating Income and Adjusted Operating Margin
Non-GAAP Measures: Adjusted Operating Income and Adjusted Operating Margin ($ in thousands) Quarter Year Q4 FY24 Q4 FY25 FY24 FY25 Income from operations $ 25,437 $ 4,931 $ 107,148 $ 54,573 Add back (deduct): Acquisition deal and integration costs 3 11,014 3,211 11,014 Business realignment costs — 3
Slide 20: Non-GAAP Measures: Adjusted Net Income and Adjusted EPS
Non-GAAP Measures: Adjusted Net Income and Adjusted EPS ($ in thousands, except per share data) Quarter Year Q4 FY24 Q4 FY25 FY24 FY25 Net income $ 11,809 $ (2,684) $ 46,625 $ (5,138) Add back (deduct): Amortization of intangibles 7,525 7,398 29,396 29,946 Acquisition deal and integration costs 3 11
Slide 21: Non-GAAP Measures: Adjusted EBITDA and Adjusted EBITDA Margin
Non-GAAP Measures: Adjusted EBITDA and Adjusted EBITDA Margin ($ in thousands) Quarter Year Q4 FY24 Q4 FY25 FY24 FY25 Net income $ 11,809 $ (2,684) $ 46,625 $ (5,138) Add back (deduct): Income tax expense (benefit) 2,497 (809) 14,902 (367) Interest and debt expense 9,169 8,141 37,957 32,426 Investme
Slide 22: Non-GAAP Measures: Free Cash Flow (FCF) and Free Cash Flow Conversion
Non-GAAP Measures: Free Cash Flow (FCF) and Free Cash Flow Conversion ($ in thousands) Quarter Year Q4 FY24 Q4 FY25 2024 2025 Net cash provided by (used for) operating activities $ 38,607 $ 35,613 $ 67,198 $ 45,612 Capital expenditures (8,479) (6,145) (24,813) (21,411) Free Cash Flow (FCF) $ 30,128
Slide 23: Non-GAAP Measures: Net Debt and Net Leverage Ratio
Non-GAAP Measures: Net Debt and Net Leverage Ratio ($ in thousands) Trailing Twelve Month Net Debt is defined in the credit agreement as total debt plus standby letters of Q4 FY24 Q4 FY25 credit, net of cash and cash equivalents. Net Leverage Ratio is defined as Net Net income $ 46,625 $ (5,138) Deb