Enerpac Tool Group Corp Stock Price, News & Analysis

Energpac Tool Group Corp. (NYSE:EPAC) has announced the appointment of Travis Williams as Director of Investor Relations, effective April 17. He will lead the Company's investor relations strategy and enhance communication within the investment community, reporting directly to Anthony Colucci, EVP & CFO. Mr. Williams replaces Bobbi Belstner, who will leave the Company on July 1. With nearly 20 years of experience, Mr. Williams previously worked as a senior equity analyst at Invesco and as a senior research analyst at Stephens. Colucci expressed enthusiasm regarding Williams' skill set, which is expected to attract and retain top investors. Williams also highlighted Enerpac's growth strategy and the ASCEND transformation program as key narratives to share.

Enerpac Tool Group (NYSE: EPAC) reported a strong fiscal Q2 2023, achieving net sales of $142 million, a 6% increase year-over-year in core sales. GAAP operating margin stood at 9.8%, with an adjusted operating margin of 20.2% and adjusted EBITDA margin at 22.7%. The company posted a GAAP diluted EPS of $0.12 and adjusted diluted EPS of $0.35. The ASCEND transformation program has exceeded expectations, increasing the expected annual adjusted EBITDA benefit from $40-$50 million to $50-$60 million by fiscal 2024. Full-year guidance is raised to $580-$600 million in sales and adjusted EBITDA of $118-$128 million.

Enerpac Tool Group Corp. (NYSE: EPAC) will announce its fiscal 2023 second quarter results on March 21, 2023, with a news release following market close. A conference call will be held at 7:30 a.m. CT on March 22, 2023, to discuss the results. Investors can access the call live on the company's website and view an accompanying slide presentation. Enerpac Tool Group is a leader in high-pressure hydraulic tools and solutions for heavy load positioning, serving customers in over 100 countries since 1910. For more information, visit the company's website at enerpactoolgroup.com.

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.