COLUMBUS MCKINNON CORP

Listed Company

CMCOCIK 0001005229NasdaqLarge AcceleratedConstruction Machinery & EquipNew YorkFY ends Mar 31

Period

FY 2025

Revenue

$963.03M

Net Income

$-5.14M

Total Assets

$1.74B

Equity

$882.10M

Shares Out

28.74M

Op. Cash Flow

$45.61M

Business

COLUMBUS MCKINNON CORP designs, manufactures, and markets intelligent motion solutions for material handling that move, lift, position, and secure materials. It offers hoists, crane components, high-precision conveyor systems, rigging tools and attachments, light rail workstations, actuators and rotary unions, digital power and motion control systems, and related aftermarket services. Key business areas include its legacy Lifting business, a Precision Conveyance platform (including acquired Dorner, Garvey and montratec businesses), Digital Power Control, Actuators & Rotary Unions, Chain & Rigging, Industrial Cranes, and Elevator Drive Systems. The Company sells globally across North America, Europe, Latin America, the Middle East, Africa and Asia through industrial and specialty distributors, rigging shops, independent crane builders, OEMs, a certified service network, and direct sales to end users.

Summary from filing dated 2025-05-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Net sales	963	1,014	936	907	650
Cost of products sold	637	639	594	591	429
Gross profit	326	375	342	316	220
Selling expenses	110	105	103	99	77
General and administrative expenses	107	107	95	102	76
Research and development expenses	24	26	21	15	12
Amortization of intangibles	30	29	26	25	13
Income from operations	55	107	98	74	42
Interest and debt expense	32	38	28	20	12
Investment (income) loss, net	−1	−2	−315,000	−46,000	−2
Foreign currency exchange loss (gain), net	3	2	−2	2	941,000
Other (income) expense, net	26	8	−2	−1	21
Income before income tax expense	−6	62	74	38	10
Income tax (benefit) expense	−367,000	15	26	9	970,000
Net income (loss)	−5	47	48	30	—
Average basic shares outstanding (in shares)	29	29	29	28	24
Average diluted shares outstanding (in shares)	29	29	29	28	24
Basic income (loss) per share (in dollars per share)	−0.18	1.62	1.69	1.06	0.38
Diluted income (loss) per share (in dollars per share)	−0.18	1.61	1.68	1.04	0.38
Dividends declared per common share (in dollars per share)	0.28	0.28	0.28	0.25	0.24

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Cash and cash equivalents	54	114	133	115	202
Trade accounts receivable, less allowance for doubtful accounts ($4,880 and $3,827, respectively)	165	171	151	148	105
Inventories	199	186	179	172	111
Prepaid expenses and other	48	43	32	32	23
Total current assets	466	514	496	467	442
Net property, plant, and equipment	106	106	94	—	—
Goodwill	711	710	645	649	331
Other intangibles, net	357	386	363	391	213
Marketable securities	10	11	10	10	8
Deferred taxes on income	3	2	2	—	—
Other assets	86	96	88	69	61
Total assets	1,739	1,826	1,698	1,686	1,150
Trade accounts payable	93	83	77	91	69
Accrued liabilities	114	128	124	118	111
Current portion of long-term debt and finance lease obligations	51	51	41	41	—
Total current liabilities	258	262	242	250	184
Term loan, AR securitization facility and finance lease obligations	420	480	431	471	—
Other non-current liabilities	179	203	192	193	192
Total liabilities	857	944	865	913	620
Voting common stock: 50,000,000 shares authorized; 28,618,289 and 28,799,110 shares issued and outstanding	286,000	288,000	286,000	285,000	240,000
Treasury stock	−11	−1	−1	—	—
Additional paid-in capital	532	527	516	506	296
Retained earnings	382	395	357	316	294
Accumulated other comprehensive loss	−21	−40	−38	−50	−60
Total shareholders equity	882	882	834	773	530
Total liabilities and shareholders equity	1,739	1,826	1,698	1,686	1,150

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Depreciation and amortization	48	46	42	42	28
Deferred income taxes and related valuation allowance	−20	−15	−300,000	−2	−9
Net loss (gain) on sale of real estate, investments and other	−972,000	−1	−54,000	136,000	−2
Stock-based compensation	6	12	10	11	8
Amortization of deferred financing costs	2	2	2	2	3
Loss (gain) on hedging instruments	−382,000	−1	−438,000	853,000	0
Cost of debt repricing	0	958,000	0	0	—
Impairment of operating lease	4	0	0	—	—
Loss on disposals and impairments of fixed assets	3	0	175,000	—	—
Non-cash pension settlement expense (See Note 13)	24	5	0	0	19
Gain on sale of building (See Note 3)	0	0	−232,000	−375,000	−3
Non-cash lease expense	10	10	8	8	7
Trade accounts receivable	4	−14	−5	−19	21
Inventories	−13	−1	−9	−40	21
Prepaid expenses and other	−21	−9	7	−47,000	−5
Other assets	3	537,000	−123,000	25,000	—
Trade accounts payable	11	5	−14	13	10
Accrued liabilities	−250,000	−10	9	696,000	−3
Non-current liabilities	−10	−9	−14	−11	−8
Net cash provided by (used for) operating activities	46	67	84	49	99
Proceeds from sales of marketable securities	5	4	4	4	5
Purchases of marketable securities	−4	−4	−4	−7	−5
Capital expenditures	−21	−25	−13	−13	—
Proceeds from sale of building, net of transaction costs	0	0	373,000	461,000	5
Dividend received from equity method investment	0	144,000	313,000	324,000	587,000
Proceeds from sale of fixed assets	139,000	0	0	0	446,000
Purchase of businesses, net of cash acquired (See Note 3)	0	−108	−2	−540	—
Net cash provided by (used for) investing activities	−20	−133	−14	−554	−6
Proceeds from issuance of common stock	371,000	2	713,000	3	—
Fees paid for debt repricing	−169,000	−958,000	0	0	—
Purchases of treasury stock	−10	0	−1	0	—
Repayment of debt	−61	−61	−41	−478	−4
Payment to former owners of montratec (see Note 3)	−7	0	0	—	—
Fees paid for borrowing on long-term debt	0	−3	0	0	—
Proceeds from issuance of long-term debt	0	120	0	725	0
Cash inflows from hedging activities	24	24	24	19	0
Cash outflows from hedging activities	−23	−23	−24	−20	0
Payment of dividends	−8	−8	−8	−7	−6
Other	−2	−2	−1	−3	—
Net cash provided by (used for) financing activities	−87	48	−50	421	−10
Effect of exchange rate changes on cash	583,000	−1	−2	−2	5
Net change in cash and cash equivalents	−60	−19	18	−87	88
Interest paid	30	35	26	19	9
Income taxes paid, net of refunds	21	28	22	10	—
Property, plant and equipment purchases included in trade accounts payable	318,000	690,000	624,000	329,000	730,000

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