Columbus mckinnon reports 16% order growth in q2 fy25

Charlotte, nc , oct. 30, 2024 /prnewswire/ -- columbus mckinnon corporation (nasdaq: cmco) ("columbus mckinnon" or the "company"), a leading designer, manufacturer and marketer of intelligent motion solutions for material handling, today announced financial results for its fiscal year 2025 second quarter, which ended september 30, 2024.  second  quarter 2025 highlights (compared with prior-year period, except where otherwise noted) orders increased 16% with a book-to-bill ratio of 1.08x; precision conveyance up 42% net sales decreased 6% to $242.3 million reflecting impacts related to hurricane helene, the ramp up of linear motion production in monterrey, mx and project timing results included $17.5 million 2 of non-cash pension settlement expense and $11.8 million 2 for factory closure and start-up costs as we transitioned manufacturing to our monterrey, mx facility gaap eps of ($0.52) and adjusted eps1 of $0.70 repaid $10 million of debt in q2 fy25; anticipate fy25 debt repayment of $60 million executed $4.9 million of share repurchases in q2 fy25 and $5.0 million in early q3 fy25 "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.
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