Q4 2025 Columbus McKinnon Corp Earnings Call Transcript
Key Points
- Columbus McKinnon Corp (CMCO) delivered record orders in fiscal '25, with a 4% increase versus the prior year on a constant currency basis.
- The company saw strong growth in project-related orders, particularly in precision conveyance, which was up 19% year over year.
- Backlog increased by 15% to $322.5 million, positioning the company well for fiscal '26.
- Operational execution improved, with a top-tier TRIR of 0.54 and a 10-point improvement in net promoter score in the EMEA region.
- The pending acquisition of Keto Crosby is expected to scale the business, expand customer capabilities, and accelerate the intelligent motion strategy.
- Net sales were down 4% year over year on a constant currency basis, reflecting lower volume due to short cycle order softness.
- Gross profit decreased by $14.5 million due to lower sales volume, mix, and factory closure costs.
- Tariffs are expected to be a headwind, with a $0.20 to $0.30 impact on adjusted EPS in the first half of fiscal 2026.
- The company faces macroeconomic uncertainty and volatility related to the evolving US policy landscape.
- Short cycle orders remain sensitive to channel dynamics, impacted by policy uncertainty and channel consolidation.
Good morning and welcome to Columbus McKinnon's full year and fourth quarter fiscal 2025 earnings conference call. My name is Joanna and I will be a conference operator today.
As a reminder, this call is being recorded. I would now let's turn the conference over to Kristy Moser, Vice President of Investor Relations and Treasurer. Please go ahead.
Thank you and welcome, everyone to our call. On today's call, we'll be covering both our full year and fourth quarter fiscal 2025 financial and operational results. On the call with me today are David Wilson, our President and Chief Executive Officer; and Greg Ruskowicz, our Chief Financial Officer. In a moment, Greg and David will walk through a financial and operating performance for the quarter and year.
The earnings release and presentation to supplement today's call are available for download on our investor relations website at investors.commco.com. But before we begin our remarks, please let me remind you
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