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Mar 31, 2024
Columbus McKinnon Q4 2024 Earnings Report
Columbus McKinnon reported record net sales, gross margin, and operating income, driven by growth across all geographies and strength in precision conveyance.
Key Takeaways
Columbus McKinnon Corporation reported record net sales of $265.5 million for Q4 2024, a 5% increase year-over-year. Net income was $11.8 million, with an adjusted EBITDA of $43.0 million, up 8%. The company is cautiously optimistic about fiscal year 2025, focusing on execution in an uncertain environment.
Net sales increased by 5% to $265.5 million, driven by growth across all geographies.
Orders increased 5% led by precision conveyance, up 25%.
Net income was $11.8 million with a net margin of 4.4%.
Adjusted EBITDA increased 8% to $43.0 million with Adjusted EBITDA Margin of 16.2%.
Columbus McKinnon
Columbus McKinnon
Columbus McKinnon Revenue by Geographic Location
Revenue by Geographic Location
U.S. Sales Revenue
CapyFin.comNon-U.S. Sales Revenue
CapyFin.com Forward Guidance
The Company is issuing the following guidance for the first quarter of fiscal 2025, ending June 30, 2024: MetricQ1 FY25Net salesLow-single digit growth year-over-yearAdjusted EPS3Flat to slightly down year-over-year Adjusted EPS3 First quarter 2025 guidance assumes approximately $9 million of interest expense, $8 million of amortization, an effective tax rate of 25% and 29.2 million diluted average shares outstanding. The Company is issuing the following guidance for fiscal 2025, ending March 31, 2025: MetricFY25Net salesLow-single digit growth year-over-yearAdjusted EPS3Mid to high-single digit growth year-over-yearCapital Expenditures$20 million to $30 million Net Leverage Ratio3~2.0x Adjusted EPS3 Net Leverage Ratio3 Fiscal 2025 guidance assumes approximately $33 million of interest expense, $30 million of amortization, an effective tax rate of 25% and 29.4 million diluted average shares outstanding.
Positive Outlook
- Net sales are expected to have low-single digit growth year-over-year in Q1 FY25.
- Adjusted EPS is expected to be flat to slightly down year-over-year in Q1 FY25.
- Net sales are expected to have low-single digit growth year-over-year in FY25.
- Adjusted EPS is expected to have mid to high-single digit growth year-over-year in FY25.
- Net Leverage Ratio is expected to be ~2.0x in FY25.
Challenges Ahead
- Q1 2025 guidance assumes approximately $9 million of interest expense.
- Q1 2025 guidance assumes approximately $8 million of amortization.
- Q1 2025 guidance assumes an effective tax rate of 25%.
- Q1 2025 guidance assumes 29.2 million diluted average shares outstanding.
- Fiscal 2025 guidance assumes approximately $33 million of interest expense.
Revenue & Expenses
Visualization of income flow from segment revenue to net income