Columbus McKinnon Corporation (NASDAQ:CMCO) Q1 2025 Earnings Conference Call July 31, 2024 10:00 AM ET

Company Participants

Kristy Moser - VP, IR
David Wilson - President and CEO
Greg Rustowicz - CFO

Conference Call Participants

James Kirby - JPMorgan Chase
Matt Summerville - D.A. Davidson
Kyle May - Sidoti & Company
Jon Tanwanteng - CJS Securities

Operator

Good morning and welcome to Columbus McKinnon First Quarter Fiscal 2025 Earnings Conference Call. My name is Renju and I will be your conference operator today. As a reminder, this call is being recorded.

I would now like to turn the conference over to Kristy Moser, Vice President of Investor Relations.

Kristy Moser

Thank you. Good morning and welcome, everyone, to Columbus McKinnon's first quarter fiscal '25 earnings conference call. The earnings release and presentation are available for download on our Investor Relations website at investors.cmco.com.

On the call with me today are David Wilson, our President and Chief Executive Officer; and Greg Rustowicz, our Chief Financial Officer. In a moment, David and Greg will walk you through our financial and operating performance for the quarter. Before we begin our remarks, please let me remind you that we have our Safe Harbor statement on Slide 2.

During the course of this call, Management may make forward-looking statements in regards to our current plans, beliefs and expectations. These statements are not guarantees for future performance and are subject to a number of risks and uncertainties and other factors that can cause actual results and events to differ materially from the results and events contemplated by these forward-looking statements.

I'd also like to remind you that Management will refer to certain non-GAAP financial measures. You can find reconciliations of the most directly comparable GAAP financial measures on the company's Investor Relations website and at its filings with the Securities and Exchange Commission. Please see our earnings release and our filings with the Securities and Exchange Commission for more information. Today's prepared remarks will be followed by a question and answer session.

With that, I'll turn the call over to David.

David Wilson

Thank you Kristy, and good morning, everyone.

Columbus McKinnon delivered a solid quarter to start the fiscal year, achieving 2% sales growth, which was at the midpoint of our guidance range and adjusted EPS of $0.62, which was at the top end of our guidance range. Areas of strength included precision, conveyance and lifting, which were up 10% and 3%, respectively. Short cycle sales remained healthy and the project business was up mid-single-digits.