Columbus Mckinnon Corporation · NASDAQ:CMCO
Columbus Mckinnon — FY2025 Earnings Presentation
23 slides from Columbus Mckinnon's earnings presentation, May 28, 2025
Slide 1: Q4 and Fiscal Year 2025 Financial Results Conference Call
Q4 and Fiscal Year 2025 Financial Results Conference Call May 28, 2025 Kristine MoserGregory RustowiczDavid Wilson President & Chief Executive Officer Executive Vice President Finance & Chief Financial Officer Vice President, Investor Relations & Treasurer
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 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, includ
Slide 3: FY25 Year End Review
FY25 Year End Review 31 Each expense item listed above is being presented in a tax effected manner using a 6.7% tax rate 2 Non-GAAP financial measure; see definition and reconciliation at the end of this Presentation Record orders and strong backlog • Orders of $1.0B, up 3% (including -1% FX impact)
Slide 4: Compelling Strategic and Financial Rationale; Pathway and Progress to Close
4 Compelling Strategic and Financial Rationale Pathway and Progress to Close Committed financing has been successfully syndicated, including a new $500M revolving credit facility 13 of 14 regulatory and financial filings approved and U.S. HSR filing submitted Integration planning progress contin
Slide 5: Impact of Tariffs
5 Impact of Tariffs EBITDA Impact1 ($M)Import Flow $12To 10Indirect Sourcing1 4To 4To 4To 3To 1To 1To 1Other Countries To 0To Other $40MImport EBITDA Impact Tariff impacts ($40M EBITDA): Tariff impact on imports to the U.S. Announced reciprocal tariffs Tariff impact from third party sourcing
Slide 6: Orders and Backlog
$969.9 $1,001.4 0.96x 1.04x 0.00x 0.20x 0.40x 0.60x 0.80x 1.00x 1.20x 1.40x 1.60x 1.80x 2.00x $- $200.0 $400.0 $600.0 $800.0 $1,000.0 FY24 FY25 Orders and Backlog 6 $144.6 $190.3 $136.2 $132.2 $280.8 $322.5 Q4 FY24 Q4 FY25 Book:Bill $258.1 $264.3 0.97x 1.07x 0.00x 0.20x 0.40x 0.60x 0.80x 1.00x 1.20x
Slide 7: Net Sales Bridge
$265.5 $2.9 $(17.3) $(4.2) $246.9 Q4 FY24 Pricing Volume FX Q4 FY25 Q4 FY25 Net Sales Bridge Net Sales 7 Q4 FY25 net sales decreased Y/Y due to: Short-cycle down 11% Y/Y impacted by U.S. policy uncertainty and lower demand in Europe Project-related sales down 4% Negative 2% FX impact Partial
Slide 8: Gross Profit & Margin
Gross Profit & Margin 8 $94.3 $79.8 $2.0 ($11.0) ($4.4) ($1.1) Q4 FY24 Pricing, Net of Mfg Cost Changes Sales Volume & Mix Factory Consolidation & Monterrey Start-Up Costs FX Impact Q4 FY25 $374.8 $325.7 $9.5 ($33.0) ($22.1) ($1.5) ($2.0) FY24 Pricing, Net of Mfg Cost Changes Sales Volume & Mix Fact
Slide 9: RSG&A
$228.3 $219.9 $238.3 $241.2 FY24 FY25 $58.5 $55.5 $61.4 $67.5 Q4 FY24 Q4 FY25 RSG&A 9 25.0%23.5%27.3%23.1%RSG&A as a % of sales 22.8%22.5%22.5%22.0%Adjusted RSG&A1 as a % of sales 1 Non-GAAP financial measure; see definition and reconciliation at the end of this Presentation Annual RSG&AQuarterly RS
Slide 10: Operating Income
$107.1 $54.6 $120.7 $102.3 FY24 FY25 FY25 Adjusted Operating Margin1 Impacted by Lower Sales Volume $25.4 $4.9 $31.1 $24.1 Q4 FY24 Q4 FY25 Operating Income 10 5.7%10.6%2.0%9.6%Operating Margin 10.6%11.9%9.8%11.7%Adj. Operating Margin1 Adjusted1 GAAP 1 Non-GAAP financial measure; see definition and r
Slide 11: Earnings Per Share
$1.61 $(0.18) $2.86 $2.48 FY24 FY25 FY25 Adjusted EPS1 Reflects Lower Volume and Mix Partially Offset by Cost Management, Price Increases and Lower Interest Expense $0.41 $(0.09) $0.75 $0.60 Q4 FY24 Q4 FY25 Earnings Per Share 11 ($5.1)$46.6($2.7)$11.8Net Income $71.9$83.0$17.3$21.8Adj. Net Income1 A
Slide 12: Adjusted EBITDA
$166.7 $150.5 FY24 FY25 Adjusted EBITDA 12 $43.0 $36.1 Q4 FY24 Q4 FY25 15.6%16.4%14.6%16.2%Adj. EBITDA Margin1 Q4 FY25 Adjusted EBITDA1 of $36.1M includes: $11.0M impact from lower sales volume and mix Partially offset by lower RSG&A expenses, and price increases FY25 Adjusted EBITDA1 of $150.5M
Slide 13: Cash Flow and Capital Allocation Priorities
$42.4 $24.2 FY24 FY25 Cash Flow 13 $45.6$67.2 $ 35.6$ 38.6 Net cash provided by operating activities 21.424.86.18.5Capital Expenditures $24.2$42.4$ 29.5$ 30.1Free Cash Flow1 Note: Components may not sum due to rounding FY25 net cash provided by operations of $45.6M and Free Cash Flow1 of $24.2M incl
Slide 14: FY2026 Guidance
FY2026 Guidance 14 Net Sales Growth Flat to slightly up Adjusted EPS1 Flat to slightly up Fiscal Year 2026 Guidance Guidance Assumptions: ~$35M of interest expense ~$30M of amortization ~25% effective tax rate ~29.0M diluted average shares outstanding Guidance contemplates the following im
Slide 15: Supplement
Supplement
Slide 16: Non-GAAP Measures
Non-GAAP Measures 16 The following information provides definitions and reconciliations of the non-GAAP financial measures presented in this presentation to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP). Th
Slide 17: Non-GAAP Measures: Adjusted Gross Profit and Adjusted Gross Margin
Non-GAAP Measures: Adjusted Gross Profit and Adjusted Gross Margin 17 Adjusted Gross Profit is defined as gross profit as reported, adjusted for certain items. Adjusted Gross Margin is defined as Adjusted Gross Profit divided by net sales. Adjusted Gross Profit and Adjusted Gross Margin are not meas
Slide 18: Non-GAAP Measures: Adjusted RSG&A and Adjusted RSG&A as a Percent of Sales
Non-GAAP Measures: Adjusted RSG&A and Adjusted RSG&A as a Percent of Sales 18 YearQuarter($ in thousands) FY25FY24Q4 FY25Q4 FY24 $ 241,161 $ 238,294 $ 67,481 $ 61,353 RSG&A Add back (deduct): (11,014) (3,211) (11,014) (3) Acquisition deal and integration costs (1,523) (1,521)(399) —Business realignm
Slide 19: Non-GAAP Measures: Adjusted Operating Income and Adjusted Operating Margin
Non-GAAP Measures: Adjusted Operating Income and Adjusted Operating Margin 19 YearQuarter($ in thousands) FY25FY24Q4 FY25Q4 FY24 $ 54,573 $ 107,148 $ 4,931 $ 25,437 Income from operations Add back (deduct): 11,014 3,211 11,014 3 Acquisition deal and integration costs 2,517 1,867399 —Business realign
Slide 20: Non-GAAP Measures: Adjusted Net Income and Adjusted EPS
Adjusted Net Income is defined as net income (loss) as reported, adjusted for certain items, including amortization of intangibles, and also adjusted for a normalized tax rate. Adjusted Diluted Shares Outstanding is defined as average diluted shares outstanding adjusted for the effect of dilutive sh
Slide 21: Non-GAAP Measures: Adjusted EBITDA and Adjusted EBITDA Margin
Non-GAAP Measures: Adjusted EBITDA and Adjusted EBITDA Margin 21 Adjusted EBITDA is defined as net income (loss) before interest expense, income taxes, depreciation, amortization, and other adjustments. Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by net sales. Adjusted EBITDA and Ad
Slide 22: Non-GAAP Measures: Free Cash Flow and Free Cash Flow Conversion
Non-GAAP Measures: Free Cash Flow (FCF) and Free Cash Flow Conversion 22 Free Cash Flow is defined as GAAP net cash provided by (used for) operating activities less capital expenditures included in the investing activities section of the consolidated statement of cash flows. Free Cash Flow Conversio
Slide 23: Non-GAAP Measures: Net Debt and Net Leverage Ratio
Non-GAAP Measures: Net Debt and Net Leverage Ratio 23 Net Debt is defined in the credit agreement as total debt plus standby letters of credit, net of cash and cash equivalents. Net Leverage Ratio is defined as Net Debt divided by the Credit Agreement Trailing Twelve Month (“TTM”) Adjusted EBITDA. C