Columbus McKinnon reported a 16% increase in orders but a 6% decrease in net sales due to factors including Hurricane Helene and the ramp-up of linear motion production in Monterrey, Mexico. The company's GAAP EPS was ($0.52), while adjusted EPS was $0.70. They repaid $10 million of debt in the quarter and executed $4.9 million in share repurchases.
Orders increased 16% with a book-to-bill ratio of 1.08x, precision conveyance up 42%.
Net sales decreased 6% to $242.3 million due to Hurricane Helene, Monterrey production ramp-up, and project timing.
GAAP EPS was ($0.52) and Adjusted EPS was $0.70.
Repaid $10 million of debt and executed $4.9 million of share repurchases in Q2 FY25.
The Company is issuing the following guidance for the third quarter of fiscal 2025, ending December 31, 2024: MetricQ3 FY25Net salesFlat year-over-yearAdjusted EPS3Flat year-over-year
Visualization of income flow from segment revenue to net income