Columbus McKinnon has announced its financial results for its fiscal year 2025 second quarter, which ended September 30, 2024.
Highlights include; Orders increased 16% with a book-to-bill ratio of 1.08x; Precision conveyance up 42%; Net sales decreased 6% to $242.3m reflecting impacts related to Hurricane Helene, the ramp up of linear motion production in Monterrey, MX and project timing.
The results also included $17.5m of non-cash pension settlement expense and $11.8m for factory closure and start-up costs as the company transitioned manufacturing to its Monterrey, MX facility.
“Our commercial and operational initiatives are delivering wins with new and existing customers in attractive vertical markets, and we delivered one of our highest order quarters in history with 16% order growth and a book-to-bill ratio of 1.08x in Q2.” said David J. Wilson, President/CEO, CMCO.
“Order growth, with particular strength in precision conveyance, and an encouraging funnel of promising opportunities supports our fiscal 2025 guidance and positions us well for fiscal 2026.
“But for the impact of Hurricane Helene, we delivered on our guidance for the second quarter while transitioning our linear motion manufacturing activity to Monterrey.
“We remain confident in our long-term financial objectives and are advancing the strategic initiatives that will both grow our business and deliver targeted margin expansion over time.”
