Columbus McKinnon (CMCO) Q4 2025 earnings summary

Executive summary

• Achieved record orders of $1.0 billion for fiscal 2025, up 3% year-over-year, driven by strong growth in project-related and precision conveyance business.

• Net sales for fiscal 2025 were $963 million, down 5% year-over-year, impacted by short-cycle softness, project timing, and FX.

• Reported a net loss of $5.1 million for the year, including significant non-cash and one-time costs such as pension settlement, factory consolidation, Monterrey start-up, and acquisition costs.

• Backlog increased 15% year-over-year to $323 million, positioning for continued growth.

Financial highlights

• Fiscal 2025 net sales: $963 million, down 5% year-over-year; Q4 net sales: $246.9 million, down 7%.

• Adjusted EBITDA for fiscal 2025: $150.5 million (15.6% margin); Q4: $36.1 million (14.6% margin).

• Adjusted Operating Income for fiscal 2025: $102.3 million (10.6% margin); Q4: $24.1 million (9.8% margin).

• Adjusted EPS for fiscal 2025: $2.48; Q4 Adjusted EPS: $0.60.

• Free cash flow for fiscal 2025: $29.5 million, impacted by project timing and inventory build for consolidation.

Outlook and guidance

• Fiscal 2026 guidance (excluding Kito Crosby acquisition): net sales and Adjusted EPS expected to be flat to slightly up year-over-year.

• Tariffs expected to be a $0.20–$0.30 per share headwind to Adjusted EPS in H1 FY26, with profit neutrality anticipated by H2 FY26.

• Interest expense expected at $35 million, amortization at $30 million, effective tax rate 25%, and 29 million diluted shares.

• Guidance does not include impact from pending Kito Crosby acquisition.