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Enerpac Tool Group Corp. - $EPAC STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Enerpac Tool Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Enerpac Tool Group's position in the market.

Rhea-AI Summary
Enerpac Tool Group Corp. (NYSE: EPAC) reported solid second-quarter results despite a 2% decline in net sales, with organic sales up 2%. Gross margin expanded to 51.6%, and adjusted EBITDA increased by 6% year-over-year. The company remains on track to achieve full-year guidance and long-term financial objectives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
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Rhea-AI Summary
Enerpac Tool Group Corp. (EPAC) will release its Q2 fiscal 2024 earnings on March 20, 2024, followed by a conference call on March 21, 2024. The webcast will be available for replay for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
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-
Rhea-AI Summary
Enerpac Tool Group Corp. (EPAC) announced that Anthony Colucci is stepping down as CFO to assume a role at a private equity firm. The company has initiated a search for the next CFO and appointed interim principal financial and accounting officers. The CEO expressed gratitude for Colucci's contributions, and the departing CFO expressed confidence in the company's future. The interim CFO, P. Shannon Burns, has a strong finance background, and Patrick Dawson has been appointed as the interim principal accounting officer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
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none
Rhea-AI Summary
Enerpac Tool Group Corp. (NYSE: EPAC) reported net sales of $142 million, a 1.9% increase year-over-year, with organic growth of 5.5%. Gross margin expanded 360 basis points year-over-year to 52.3%. GAAP operating margin was 20.2% and adjusted operating margin was 22.8%. Net earnings were $18 million, or $0.33 per share. Adjusted EBITDA was $35 million, an increase of 31% year-over-year. The company returned approximately $26 million to shareholders through share repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
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Rhea-AI Summary
Enerpac Tool Group Corp. (NYSE: EPAC) will release its Q1 fiscal 2024 earnings on December 19, 2023, with a conference call scheduled for December 20, 2023. The webcast will be available for replay for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.11%
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Rhea-AI Summary
Enerpac Tool Group Corp. (NYSE: EPAC) will present at the Baird Global Industrial Conference on November 8, 2023. The President and CEO, Paul Sternlieb, and CFO, Tony Colucci, will present at 3:30 p.m. CT. Materials will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
conferences
Rhea-AI Summary
Enerpac Tool Group Corp. announces strong fiscal 2023 results with net sales growth of 5% and adjusted EBITDA increase of 65% year over year
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.47%
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-
Rhea-AI Summary
Enerpac Tool Group Corp. (NYSE: EPAC) will announce its fiscal 2023 Q4 results on October 16, 2023. Management will conduct a conference call on October 17, 2023, to discuss the results. A replay will be available for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
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News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
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dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.97%
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Enerpac Tool Group Corp.

NYSE:EPAC

EPAC Rankings

EPAC Stock Data

2.00B
53.78M
0.91%
102.57%
0.84%
Industrial Valve Manufacturing
Manufacturing
Link
United States of America
MENOMONEE FALLS

About EPAC

enerpac tool group corp. manufactures and sells a range of industrial products and solutions worldwide. it operates in two segments, industrial tools & services (it&s) and other. the it&s segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets. it also offers branded tools and engineered heavy lifting technology solutions, and hydraulic torque wrenches; energy maintenance and manpower services; high-force hydraulic and mechanical tools, including cylinders, pumps, valves, and specialty tools; and bolt tensioners and other miscellaneous products. this segment markets its branded tools and services primarily under the enerpac, hydratight, larzep, and simplex brands. the other segment designs and manufactures synthetic ropes and biomedical assemblies. the company was formerly known as actuant corporation and changed its name to enerpa