Welcome to our dedicated page for Enerpac Tool Group news (Ticker: EPAC), a resource for investors and traders seeking the latest updates and insights on Enerpac Tool Group stock.
Enerpac Tool Group Corp. (NYSE: EPAC) is a leading manufacturer and provider of industrial products and solutions with a global footprint. Founded in 1910 and headquartered in Menomonee Falls, Wisconsin, the company operates in two primary segments: Industrial Tools & Services (IT&S) and Other.
The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools. It provides services and tool rentals to a variety of markets including industrial, maintenance, infrastructure, oil and gas, and energy. Key offerings in this segment include high-force hydraulic and mechanical tools, such as cylinders, pumps, valves, and specialty tools. The segment is also known for its engineered heavy lifting technology solutions and hydraulic torque wrenches, marketed primarily under the Enerpac, Hydratight, Larzep, and Simplex brands.
The Other segment focuses on the design and manufacture of synthetic ropes and biomedical assemblies, showcasing the company's diverse product portfolio.
Enerpac Tool Group’s comprehensive range of products and solutions make complex, often hazardous jobs possible in a safe and efficient manner. The company’s offerings are crucial for precise heavy lifting and controlled-force applications. With operations extending across the United States, Asia, Australia, Europe, and the Middle East, the U.S. market remains the largest revenue contributor.
In recent developments, Enerpac Tool Group has reported its Second Quarter Fiscal 2024 Consolidated Results, reflecting its ongoing commitment to delivering high-quality industrial tools and services. The company continues to innovate and expand its product lines to meet the evolving needs of its broad and diverse customer base.
Enerpac Tool Group Corp. (NYSE: EPAC) reported a strong fiscal Q1 2023 with net sales of $139 million, a 13% year-over-year increase. The GAAP operating margin was 8.8%, while adjusted operating margin reached 16.6%. GAAP diluted EPS was $0.11, with adjusted diluted EPS at $0.29. The company generated $18 million in cash flow from operations and maintained a leverage ratio of 0.7x. Despite a 6% negative impact from currency fluctuations, the firm remains focused on growth through its ASCEND transformation program and is projecting full-year sales between $565 and $585 million.
Enerpac Tool Group Corp. (NYSE: EPAC) will release its fiscal 2023 first quarter results on December 20, 2022, after market close. A conference call is scheduled for December 21, 2022, at 10:00 a.m. CT to discuss these results. The call can be accessed through the company's website, which will also host a slide presentation.
Enerpac Tool Group is a global leader in industrial tools and solutions, serving customers in over 100 countries since its founding in 1910, and is headquartered in Menomonee Falls, Wisconsin.
Enerpac Tool Group Corp. hosted its 2022 Investor Day, unveiling an updated growth strategy and long-term financial targets. The company aims for organic sales growth of 6-7% CAGR through 2026, targeting a 25% adjusted EBITDA margin by the end of fiscal 2024. Full-year guidance for fiscal 2023 is reaffirmed, projecting net sales between $565 and $585 million and free cash flow of $50 to $65 million. CEO Paul Sternlieb emphasized the focus on maximizing shareholder value and managing through macroeconomic uncertainties.
Enerpac Tool Group Corp. (NYSE: EPAC) will host its investor day on November 16, 2022, at Convene, 101 Park Avenue, New York, NY. The event will feature presentations from the executive leadership team, focusing on the company's growth strategy and financial targets, starting at 9:00 am Eastern time. Registration is required by October 28th, available through their website. Attendees can access a live webcast or replay via the Enerpac Tool Group website thereafter.
Enerpac Tool Group Corp. (NYSE: EPAC) reported strong fiscal Q4 2022 results, achieving net sales of $152 million, a 10% increase year-over-year. Despite a 6% decline due to currency impacts, GAAP diluted EPS rose to $0.20 and adjusted diluted EPS reached $0.37. Cash flow from operations was $45 million, with free cash flow of $43 million. The company is optimistic about fiscal 2023, projecting net sales between $565 million and $585 million and adjusted EBITDA of $113 million to $123 million, driven by its ASCEND transformation program.
Enerpac Tool Group Corp. (NYSE: EPAC) will announce its fiscal 2022 fourth quarter results on September 28, 2022, after market close. A conference call will follow on September 29, 2022, at 10:00 a.m. CT to discuss the results. Investors can access the call via the company’s website, where a slide presentation will also be available. Enerpac Tool Group is a leading industrial tools company, serving clients in over 100 countries with hydraulic tools and controlled force products for heavy load positioning.
Enerpac Tool Group (NYSE:EPAC) announced that Markus Limberger will be joining as EVP – Operations, effective September 1. Limberger, previously VP of Global Operations at Danaher’s Leica Microsystems, will manage all global operations including manufacturing and procurement. CEO Paul Sternlieb expressed confidence in Limberger's expertise to enhance global operational excellence and drive the ASCEND transformation program, aiming for improved quality and reduced costs.
Enerpac Tool Group Corp. (NYSE: EPAC) has declared a cash dividend of
Enerpac Tool Group Corp. (NYSE: EPAC) reported a 3rd quarter fiscal 2022 net sales of $152 million, reflecting a 10% increase year-over-year despite a 4% reduction from unfavorable currency exchange. GAAP diluted EPS was $0.07, while adjusted diluted EPS reached $0.16. An $11 million increase in accounts receivable reserves adversely impacted adjusted EBITDA margin by approximately 720 basis points. The company repurchased 1.8 million shares for around $36 million and refined its full year net sales guidance to $560-$570 million.
Enerpac Tool Group Corp. (NYSE: EPAC) will release its fiscal 2022 third quarter results on June 28, 2022. A news release with detailed financial results will be shared before the market opens on the same day. Management will host a conference call at 10:00 a.m. CT to discuss these results. This call can be accessed through the company's website. The company, known for its hydraulic tools and services, operates globally and serves customers in over 100 countries.
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