Columbus McKinnon Reports Record Net Sales, Gross Margin and Operating Income in Fiscal 2024

COLUMBUS MCKINNON CORP

2024-FY EPS reported $1.61 revenue$1,013,540,000

Record net sales of $1.0 billion in fiscal 2024, up 8% year-over-year, driven by growth across all geographies including montratec acquisition.
Gross margin expanded 50 basis points to 37.0%; adjusted EBITDA reached $166.7 million, up 13% with margin of 16.4%.
Fourth quarter net sales of $265.5 million, up 5%; orders increased 5% led by precision conveyance up 25%.
Net leverage ratio decreased to 2.4x; management expects to reach ~2.0x target by end of fiscal 2025.
Fiscal 2025 guidance anticipates low-single digit net sales growth and mid-to-high single digit adjusted EPS growth.

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