A cutting tool includes a housing and a pair of cutting blades at least partially extending from the housing. At least a first of the cutting blades is movable. The cutting tool also includes a drive mechanism including a cam and a ratchet mechanism. At least a portion of the ratchet mechanism is drivably coupled to the first cutting blade. The cutting tool further includes a motor for providing torque to the cam to actuate the ratchet mechanism. The ratchet mechanism includes a follower that is translatable in a direction transverse to a rotational axis of the cam in response to rotation of the cam.