Enerpac Tool Group Corp Stock Price, News & Analysis

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 $0.04 per common share. This annual dividend will be payable on October 17, 2022, to shareholders of record by the close of business on October 7, 2022. Enerpac, headquartered in Menomonee Falls, Wisconsin, specializes in hydraulic tools and services across over 100 countries, providing solutions for heavy load positioning and high-pressure tasks.

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.

Energac Tool Group Corp. (NYSE: EPAC) announced that Anthony 'Tony' Colucci will be the new EVP and Chief Financial Officer starting May 30, 2022. He will lead the finance and IT functions globally and report to Paul Sternlieb, President & CEO. Colucci previously served at Robertshaw Industries and has a strong finance background from Hayward Industries and Honeywell International. His expertise aims to enhance operational excellence and drive growth as the company embarks on its ASCEND transformation program.

Enerpac Tool Group (NYSE: EPAC) has launched the ASCEND Program aimed at enhancing business transformation and driving accelerated earnings growth. The Board has also authorized a 10 million share repurchase program, reflecting confidence in the company's financial position. The ASCEND initiative focuses on improving organic growth strategies, operational efficiency, and enhancing SG&A productivity. Enerpac anticipates an incremental $40-$50 million in annual adjusted EBITDA from ASCEND, with a planned investment of $60-$65 million over 30 months.