Columbus McKinnon Reports $963M Revenue, 5% Decline, and Strategic Acquisitions

Columbus McKinnon Corporation reported a total revenue of $963.0 million for the fiscal year ending March 31, 2025, reflecting a decrease of 5% from the previous year's revenue of $1.01 billion. The decline in sales was attributed to lower sales volume, which decreased by $60.2 million, although this was partially offset by price increases amounting to $12.5 million and an additional $2.7 million from the acquisition of montratec GmbH. The company's gross profit also fell to $325.7 million, down 13.1% from $374.8 million in fiscal 2024, resulting in a gross margin of 33.8%, compared to 37.0% the previous year.

In terms of strategic developments, Columbus McKinnon has been actively pursuing acquisitions to enhance its market position. The company completed the acquisition of montratec in May 2023, which is expected to bolster its capabilities in automation solutions. Furthermore, on February 10, 2025, Columbus McKinnon announced a definitive agreement to acquire Kito Crosby Limited for $2.7 billion, a move anticipated to significantly expand its lifting and securement portfolio. The Kito acquisition is expected to close in fiscal 2026, pending regulatory approvals.

Operationally, Columbus McKinnon reported a backlog of orders amounting to approximately $322.5 million as of March 31, 2025, an increase from $280.8 million the previous year. The company employed 3,478 individuals globally, maintaining a stable workforce despite the challenges faced in the fiscal year. The company’s international sales accounted for 44% of total revenue, indicating a diverse geographic footprint that helps mitigate risks associated with local economic fluctuations.

The filing also highlighted challenges related to raw material costs and supply chain constraints, which have been exacerbated by inflation and trade tariffs. The company spent approximately $375 million on raw materials in fiscal 2025, representing 59% of its cost of goods sold. Columbus McKinnon has been able to pass some of these increased costs onto customers through price adjustments, but the ongoing volatility in raw material prices remains a concern for future profitability.

Looking ahead, Columbus McKinnon aims to strengthen its market position through its Core Growth Framework, which focuses on enhancing existing competencies, expanding market share, and exploring new geographic and product opportunities. The company anticipates that the integration of its recent acquisitions, particularly Kito, will provide significant growth avenues and enhance shareholder value in the coming years.