Q2 2025 Columbus McKinnon Corp Earnings Call Transcript
Key Points
- Orders increased by 16% year-over-year, driven by strength across all geographies and product platforms.
- Precision conveyance saw significant growth, with orders up 42% year-over-year.
- Columbus McKinnon Corp (CMCO) has become the supplier of choice for PowerCo's battery production gigafactories, with substantial orders in the pipeline.
- The company completed $10 million in share repurchases, viewing buybacks as an attractive use of capital.
- The project funnel remains healthy, reflecting a strong pipeline for fiscal 2026 sales.
- Sales were down 6% year-over-year, impacted by Hurricane Helene and the move of the linear motion factory to Monterrey, Mexico.
- Profitability was affected by unique items, including a $23 million non-cash pension settlement and $12 million in costs related to facility closure.
- Margins were lower than the previous year due to mix dynamics and lower sales volumes.
- The company modestly reduced its fiscal year 2025 guidance due to a shift in delivery to fiscal 2026.
- Short-cycle orders faced pressure due to destocking and macroeconomic uncertainty.
Good morning, and welcome to Columbus McKinnon's Second Quarter Fiscal 2025 Earnings Conference Call. My name is Eric, and I will be your conference operator today. As a reminder, this call is being recorded.
I would now like to turn the conference over to Kristine Moser, Vice President of Investor Relations and Treasurer.
Thank you, and welcome to Columbus McKinnon's second quarter fiscal 2025 earnings conference call. The earnings release and presentation to supplement today's call are available for download on our Investor Relations website at investors.cmco.com.
On the call with me today are David Wilson, our President and Chief Executive Officer; and Greg Rustowicz, our Chief Financial Officer. In a moment, David and Greg will walk you through our financial and operating performance for the quarter. Before we begin our remarks, please let me remind you that we have our Safe Harbor statement on Slide 2.
During the course of this call, management may make forward-looking statements
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