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CHARLOTTE, N.C. - Columbus McKinnon Corporation (NASDAQ:CMCO) reported fourth quarter fiscal 2025 results that missed revenue expectations on Wednseday.
The company’s shares were down 1.29% in pre-market trading following the release.
The material handling equipment maker posted adjusted earnings per share of $0.60, beating analyst estimates of $0.58. However, revenue fell short at $246.9 million compared to expectations of $248.4 million.
Revenue declined 7% year-over-year, driven by softness in short-cycle demand. The company cited project-related orders with longer delivery timeframes as impacting near-term sales.
"We enter fiscal 2026 with a strong backlog and continued order growth as our commercial initiatives gain traction," said David Wilson, President and CEO. "Our conviction in Columbus McKinnon’s strategy and business model remains strong as we continue to anticipate tailwinds from industry megatrends like on-shoring, scarcity of labor and global infrastructure investments over time."
For the full fiscal year 2025, Columbus McKinnon reported record orders of $1.0 billion, up 3% YoY. However, net sales declined 5% to $963.0 million.
The company expects fiscal 2026 net sales to be flat to slightly up compared to fiscal 2025. Adjusted EPS is also forecast to be flat to slightly up for the year.
Columbus McKinnon ended the quarter with a backlog of $322.5 million, up 15% from the prior year. The company repaid $60.7 million of debt during fiscal 2025.
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