Columbus McKinnon reports 2% sales growth
Columbus McKinnon Corp. says it increased net sales 2% to year over year $239.7 million in its first fiscal quarter 2025, which ended June 30.
The company's backlog increased 4% from the prior quarter with book-to-bill ratio of 1.05x. Its gross margin increased 30 bps to 37.1%. Net income was $8.6 million or 3.6% of sales.
“We executed solidly in the first quarter delivering continued sales growth and gross margin expansion while advancing our longer-term strategic objectives,” said President and Chief Executive Officer David J. Wilson. “Our commercial and operational initiatives are positively impacting the business enabling new customer wins, growth in attractive vertical markets and an encouraging funnel of promising business opportunities.
“Earlier this month, we initiated the next phase of our footprint simplification plan and began consolidating an additional production facility into our Monterrey manufacturing center of excellence,” he continued. “While the restructuring actions associated with this plan are expected to impact sales and margin in the second quarter, the impacts were contemplated in the full-year guidance we provided last quarter. Importantly, these actions will advance our operational and margin expansion efforts and enhance shareholder value over time.”
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