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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. announces the appointment of Paul Sternlieb as President and CEO, succeeding Randy Baker, who will retire on October 8, 2021. Sternlieb's extensive experience in industrial sectors positions him well to lead the company through its next growth phase. Baker will assist in the transition until year-end. The board expressed gratitude for Baker's leadership during significant business transformation. Sternlieb aims to enhance growth strategies and navigate market challenges, ensuring value creation for shareholders.
Enerpac Tool Group Corp. (EPAC) reported its fiscal Q4 results for 2021, with net sales of $145 million, a 30% increase from the previous year. Consolidated product sales rose 23%, while service sales surged 55%. Operating margins improved significantly, with GAAP operating margin increasing to 9.3% and adjusted operating margin to 13.2%. Net income from continuing operations stood at $6.5 million, compared to $0.2 million last year. Despite supply chain challenges, the company anticipates sales for fiscal 2022 in the range of $590 to $610 million.
Enerpac Tool Group Corp. (NYSE: EPAC) is set to announce its fiscal 2021 fourth quarter results on September 29, 2021, before market opening. Management will hold a conference call at 10:00 a.m. CT to discuss the financial outcomes and answer questions. The call will be accessible via the company's website. Enerpac Tool Group specializes in industrial tools and services, operating globally in over 100 countries. More information can be found on their website.
Enerpac Tool Group Corp. (NYSE: EPAC) has declared a cash dividend of $0.04 per common share. This annual dividend will be payable on October 18, 2021, for shareholders of record as of October 1, 2021. Enerpac is a leader in industrial tools and services, operating in over 100 countries, specializing in high-pressure hydraulic tools and solutions for heavy load positioning. Founded in 1910, the company is based in Menomonee Falls, Wisconsin.
Enerpac Tool Group Corp. (NYSE: EPAC) reported fiscal Q3 2021 net sales of $143.1 million, up 40% year-over-year. The company achieved a net income of $25.3 million or $0.42 EPS, compared to a loss of $4.9 million in Q3 2020. Core sales increased by 36%, driven by robust product demand. Despite challenges such as inflation and labor shortages, management expressed confidence in continued recovery and raised sales guidance for H2 fiscal 2021 to $290-$295 million. The net debt to adjusted EBITDA ratio improved to 1.1x.
Enerpac Tool Group Corp. (NYSE: EPAC) will release its fiscal 2021 third quarter results on June 29, 2021, before the market opens. A conference call for discussing the results will take place at 10:00 a.m. CT / 11:00 a.m. ET on the same day, accessible via the company's website. Enerpac, founded in 1910 and headquartered in Menomonee Falls, Wisconsin, is a leader in high-pressure hydraulic tools and solutions, serving customers in over 100 countries.
Enerpac Tool Group Corp. (NYSE: EPAC) reported fiscal second quarter results for the period ended February 28, 2021. The company saw a sequential sales increase, indicating positive market recovery, despite the ongoing impact of the COVID-19 pandemic. CEO Randy Baker noted improved distributor sentiment and project activity. Enerpac paid down $45 million in debt, maintaining a strong balance sheet. The focus on strategic initiatives, including product development and acquisition management, positions the company for future growth and enhanced shareholder returns.
Enerpac Tool Group Corp. (NYSE: EPAC) will release its fiscal 2021 second quarter results on March 24, 2021, before the market opens. A conference call will follow at 10:00 a.m. CT / 11:00 a.m. ET to discuss the results. Investors can access the call and a related presentation on the company’s website. Enerpac, founded in 1910, is a leader in high-pressure hydraulic tools and solutions for heavy load positioning, serving clients in over 100 countries.
Enerpac Tool Group Corp. (NYSE: EPAC) reported fiscal Q1 results for the period ending November 30, 2020. Net sales decreased to $119.4 million, down 18% year-over-year, with net income falling to $4.8 million or $0.08 per share. The company faced challenges from COVID-19 impacts, with core sales declining 17%. Despite these setbacks, management noted effective cost management and cash flow generation. The company remains cautious, refraining from fiscal 2021 guidance due to ongoing uncertainties while expressing confidence in long-term growth and strategic initiatives.
Enerpac Tool Group Corp. (NYSE: EPAC) will release its fiscal 2021 first quarter results on December 21, 2020, before market opening. A conference call will follow at 10:00 a.m. CT to discuss the results and answer questions, accessible via their website. A slide presentation will accompany the call and be available post-event for 90 days. Enerpac Tool Group, founded in 1910 and headquartered in Menomonee Falls, Wisconsin, is a leader in high-pressure hydraulic tools and services, serving customers in over 100 countries.
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