Enerpac Tool(EPAC)

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Enerpac Tool(EPAC) - 2025 Q3 - Quarterly Results
2025-06-26 20:30
EXHIBIT 99.1 Enerpac Tool Group Reports Third Quarter Fiscal 2025 Results Third Quarter of Fiscal 2025 Continuing Operations Highlights This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") in addition to non-GAAP financial measures. Reconciliations of the non-GAAP financial measures to the comparable GAAP measures are presented in the tables accompanying this release. MILWAUKEE, June 26, 2025 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NY ...
Enerpac Tool Group Reports Third Quarter Fiscal 2025 Results
Globenewswire· 2025-06-26 20:30
Third Quarter of Fiscal 2025 Continuing Operations Highlights* Net sales were $159 million, a 5.5% increase compared to the prior year, with a 2.0% increase in organic sales.1Operating profit margin was 20.0% and adjusted operating profit margin was 24.1%.Net earnings were $22.0 million, or $0.41 per diluted share. Adjusted net earnings were $27.7 million, or $0.51 per diluted share.Adjusted EBITDA was $41.0 million and adjusted EBITDA margin was 25.9%.Returned approximately $14 million to shareholders thro ...
Enerpac Tool(EPAC) - 2025 Q2 - Quarterly Report
2025-03-26 19:18
Financial Performance - Net sales for the three months ended February 28, 2025, were $145.528 million, an increase of 5.9% compared to $138.437 million for the same period in 2024[13] - Gross profit for the six months ended February 28, 2025, was $148.083 million, up from $145.725 million in the prior year, reflecting a gross margin improvement[13] - Operating profit for the three months ended February 28, 2025, was $30.820 million, representing a 4.4% increase from $29.521 million in the same quarter of 2024[13] - Net earnings for the three months ended February 28, 2025, were $20.901 million, compared to $17.817 million for the same period in 2024, marking a 17.5% increase[14] - Earnings per share from continuing operations for the six months ended February 28, 2025, were $0.78, up from $0.67 in the same period of 2024[13] - Net earnings for the six months ended February 28, 2025, increased to $42,624 thousand, up from $35,555 thousand for the same period in 2024, representing a growth of 19%[20] - Total revenues for the six months ended February 28, 2025, were $290,724 thousand, an increase from $280,406 thousand in the prior year, marking a growth of 4%[30] - The basic earnings per share from continuing operations for the three months ended February 28, 2025, was $0.38, an increase from $0.33 for the same period in 2024[65] Assets and Liabilities - Total current assets decreased to $349.399 million as of February 28, 2025, from $372.258 million as of August 31, 2024[17] - Total liabilities decreased to $370.649 million as of February 28, 2025, compared to $385.349 million as of August 31, 2024[17] - As of February 28, 2025, the Company recorded long-term debt of $187.1 million, down from $189.5 million as of August 31, 2024[52] - The total shareholders' equity as of February 28, 2025, was $405.978 million, reflecting an increase from $391.979 million at the end of August 31, 2024[66] Cash Flow and Investments - Cash provided by operating activities from continuing operations was $16,108 thousand, compared to $12,065 thousand for the same period last year, reflecting a 33% increase[20] - Cash used in investing activities for the six months ended February 28, 2025, totaled $38,713 thousand, compared to $5,687 thousand in the prior year, reflecting a substantial increase[20] - The ending balance of cash and cash equivalents as of February 28, 2025, was $119,509 thousand, down from $153,693 thousand at the end of February 2024, representing a decrease of 22%[20] Acquisitions and Restructuring - The Company acquired DTA The Smart Move, S.A. for an initial purchase price of $27.2 million, with a potential earn-out of €12.0 million based on financial objectives, totaling a maximum purchase price of €36.0 million[46] - The acquisition of DTA generated net sales of $3.2 million and $6.4 million for the three and six months ended February 28, 2025, reported within the IT&S segment[50] - The ASCEND transformation program incurred total expenses of approximately $2.0 million and $5.6 million for the three and six months ended February 29, 2024, respectively, with total program costs reaching $74.7 million, including $18.6 million in restructuring charges[41] - The company recognized restructuring charges of $398,000 in the three months ended February 29, 2024, with no restructuring charges reported in the same period of 2025[13] Risk Factors - The company continues to face risks related to supply chain issues and geopolitical instability, which may impact future performance[9] Tax and Compliance - The effective income tax rate for the three months ended February 28, 2025, was 24.5%, a decrease from 29.3% in the prior-year period, primarily due to favorable tax impacts from stock compensation[69] - The Company was in compliance with all financial covenants under the credit facility at February 28, 2025, including a net leverage ratio not exceeding 3.75 to 1.00[54] Segment Performance - IT&S segment net sales for the three months ended February 28, 2025, were $140,716,000, an increase from $134,822,000 for the same period in the prior year, representing a growth of approximately 4.4%[71] - Operating profit for the IT&S segment for the six months ended February 29, 2024, was $76,728,000, compared to $72,900,000 for the same period in the prior year, indicating an increase of about 5.0%[71] Share Repurchase - The Company has repurchased a total of 30,411,708 shares for $853.4 million since the inception of its share repurchase program in fiscal 2012[63] - In the six months ended February 29, 2024, the Company repurchased and retired 1,094,231 shares for $30.1 million[64] - The maximum number of shares that may yet be purchased under the current repurchase program is 2,387,522 shares[64]
Enerpac Tool(EPAC) - 2025 Q2 - Earnings Call Transcript
2025-03-25 18:59
Financial Data and Key Metrics Changes - Organic sales grew 5% year-over-year, reflecting above-market growth despite a soft industrial sector [5][6] - EBITDA margins were 23.2% for the quarter, slightly down from the prior year due to mix impact, but still at top-tier levels [6][16] - Adjusted earnings per share increased to $0.39 from $0.36, an 8% increase year-over-year [16] Business Line Data and Key Metrics Changes - IT&S business revenue increased 4% organically year-over-year, with product sales up 4% and services up 3% [9] - Cortland Biomedical reported a growth of 33% in the other segment, rebounding from previous shipment delays [10] - Gross profit margins declined 110 basis points year-over-year to 50.5%, impacted by a higher growth in HLT business with lower margins [13][14] Market Data and Key Metrics Changes - High single-digit growth was achieved in the Americas, driven by share gains from the Enerpac Commercial Excellence (ECX) program [10][11] - APAC region also saw high single-digit growth, particularly in India and Singapore, while Australia faced challenges [12] - EMEA region experienced a low single-digit decline in sales, breaking a two-year growth pattern, but still outperforming the market [12] Company Strategy and Development Direction - The company maintains its full-year fiscal 2025 guidance, focusing on global brand leadership and customer-driven innovation [6][32] - The ECX program is being expanded to improve commercial effectiveness and sales funnel management [11][52] - The integration of DTA into the HLT business is progressing well, with cross-selling opportunities being leveraged [28][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the power generation and refinery sectors, with positive sentiment from customers [20][21] - The company remains cautious about macroeconomic uncertainties and potential tariff impacts on inflation and growth [32][56] - Infrastructure investments are expected to increase, particularly in Europe, with a favorable outlook from government spending packages [25][26] Other Important Information - The company repurchased approximately 220,000 shares totaling $10.2 million during the quarter [19] - Cash flow from operations was $16 million, up from $7 million in the previous year, with free cash flow slightly up year-over-year [18] Q&A Session Summary Question: Can you provide more color regarding the mix shift toward HLT and expectations for the back-half of the year? - Management noted strong growth in HLT, particularly in the U.S. and Europe, impacting gross margins due to the mix shift [36][37][38] Question: How is the DTA integration going relative to your expectations? - The DTA integration is progressing well, with positive customer response and order activity [40][41] Question: Can you provide more detail on the commercial excellence program and its impact on the Americas? - The ECX program has improved sales funnel management and visibility, contributing to broad-based growth in the Americas [48][52] Question: What are your thoughts on the potential impact of tariffs? - The company is in a favorable position regarding direct impacts from tariffs, with minimal imports from affected regions [55][56] Question: Can you provide updates on the M&A pipeline? - The M&A pipeline remains robust with active conversations and a focus on high-quality, complementary businesses [83][86]
Enerpac Tool(EPAC) - 2025 Q2 - Earnings Call Transcript
2025-03-25 15:25
Enerpac Tool Group Corp. (NYSE:EPAC) Q2 2025 Earnings Conference Call March 25, 2025 8:30 AM ET Company Participants Travis Williams - Senior Director of Investor Relations Paul Sternlieb - President and Chief Executive Officer Darren Kozik - Executive Vice President and Chief Financial Officer Conference Call Participants Will Gildea - CJS Securities Tom Hayes - C.L. King Steve Silver - Argus Research Operator Ladies and gentlemen, thank you for standing by. Welcome to Enerpac Tool Group's Second Quarter F ...
Enerpac Tool(EPAC) - 2025 Q2 - Earnings Call Presentation
2025-03-25 14:43
2 Q2 Fiscal 2025 Revenue | ($ in millions) | | | | | | | --- | --- | --- | --- | --- | --- | | | Net Sales | Net Sales | | | Organic | | | 2Q25 | 2Q24 | | Change | Growth* | | Industrial Tools & Service (IT&S) | $141 | $135 | 4 . | 4% | 4 2% . | | IT&S Product | $114 | $108 | 5 . | 5% | 4 4% . | | IT&S Service | $27 | $27 | -0 . | 2% | 3 4% . | | Other (Cortland Biomedical) | $5 | $4 | 33 . | 1% | 33 1% . | | Enerpac Tool Group | $146 | $138 | 5 . | 1% | 5 0% . | Q2 FY25 EARNINGS 3.25.2025 Forward-Looking S ...
Enerpac (EPAC) Q2 Earnings Match Estimates
ZACKS· 2025-03-24 22:40
Core Points - Enerpac (EPAC) reported quarterly earnings of $0.39 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.36 per share a year ago [1] - The company achieved revenues of $145.53 million for the quarter ended February 2025, exceeding the Zacks Consensus Estimate by 4.10% and up from $138.44 million year-over-year [2] - Enerpac's stock has increased by approximately 2.8% since the beginning of the year, contrasting with a -3.6% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.47 on revenues of $162.2 million, and for the current fiscal year, it is $1.78 on revenues of $622.5 million [7] - The estimate revisions trend for Enerpac is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Manufacturing - Tools & Related Products industry, to which Enerpac belongs, is currently ranked in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]
Enerpac Tool(EPAC) - 2025 Q2 - Quarterly Results
2025-03-24 20:30
Financial Performance - Consolidated net sales for Q2 FY2025 were $145.5 million, a 5.1% increase from $138.4 million in the prior year[5]. - Organic revenue growth was 5%, driven by a 4.2% increase in the Industrial Tools & Services segment and a 33.1% increase at Cortland Biomedical[3][5]. - Net earnings for Q2 FY2025 were $20.9 million, or $0.38 per diluted share, compared to $17.9 million, or $0.33 per diluted share in the prior year[7][8]. - Adjusted EBITDA for Q2 FY2025 was $33.8 million, with an adjusted EBITDA margin of 23.2%, down from 24.8% in the prior year[9]. - Net sales for the three months ended February 28, 2025, increased to $145.528 million, up from $138.437 million in the same period last year, representing a growth of 5.9%[22]. - Gross profit for the six months ended February 28, 2025, was $148.083 million, compared to $145.725 million for the same period in 2024, reflecting a year-over-year increase of 1.6%[22]. - Operating profit for the three months ended February 28, 2025, was $30.820 million, an increase from $29.521 million in the prior year, marking a growth of 4.4%[22]. - Net earnings from continuing operations for the six months ended February 28, 2025, were $42.624 million, compared to $36.177 million for the same period in 2024, indicating a significant increase of 17.5%[22]. - Basic earnings per share from continuing operations rose to $0.38 for the three months ended February 28, 2025, compared to $0.33 in the same period last year, a growth of 15.2%[23]. - Adjusted net earnings from continuing operations for Fiscal 2024 totaled $82.2 million, with Q1 2025 adjusted net earnings projected at $21.7 million[32]. Projections and Guidance - The company projects net sales for FY2025 to be between $610 million and $625 million, with organic sales growth expected to be approximately 0% to 2%[11]. - The forecast for adjusted EBITDA in FY2025 is between $150 million and $160 million, with free cash flow anticipated to be between $85 million and $95 million[11]. - GAAP Operating profit for Fiscal 2025 is projected to be between $135 million and $147 million[36]. - Cash provided by operating activities is estimated to be between $61 million and $76 million[37]. - Capital expenditures are anticipated to be between $19 million and $24 million[37]. - Management does not provide guidance on certain GAAP financial measures due to unpredictability of specific items[38]. Cash Flow and Capital Management - Cash balance as of February 28, 2025, was $119.5 million, down from $153.7 million a year earlier[10]. - The company reported a net decrease in cash and cash equivalents of $47.585 million for the six months ended February 28, 2025, compared to a decrease of $722 thousand in the prior year[25]. - Cash provided by operating activities for continuing operations was $16.108 million for the six months ended February 28, 2025, up from $12.065 million in the prior year, representing a 33.8% increase[25]. - The company returned $10 million to shareholders through share repurchases in Q2 FY2025[8][10]. Segment Performance - Adjusted operating profit for the Industrial Tools & Services segment was $43,648 million, representing a 29.9% margin[27]. - The Industrial Tools & Services segment's revenue for the quarter was $45,629 million, showing a slight increase from the previous quarter[28]. - Other segment adjusted EBITDA was $1,367 million, with a margin of 25.5%[28]. - The company’s adjusted operating profit margin was 22.5% for the latest quarter[27]. - The Industrial Tools & Services Segment generated net sales of $271.9 million in Fiscal 2024, with organic sales growth of 1.6% in Q1 2025 compared to Q1 2024[31]. Expenses and Charges - Gross profit margin declined to 50.5%, a decrease of 110 basis points year-over-year due to a shift in product sales[7]. - The adjusted selling, general and administrative expenses for the six months ended February 28, 2025, totaled $83.741 million, compared to $82.938 million in the same period last year, reflecting a slight increase of 0.9%[22]. - The company incurred restructuring charges totaling $7.8 million for Fiscal 2024, impacting overall profitability[32]. - M&A charges amounted to $413,000 in Fiscal 2024, reflecting ongoing strategic initiatives in mergers and acquisitions[33]. - The ASCEND transformation program charges totaled $7.0 million for Fiscal 2024, highlighting investment in operational improvements[33]. - Financing costs for the quarter were $13,524 million, reflecting an increase compared to previous periods[27]. Strategic Initiatives - The company plans to continue its market expansion and product development initiatives, focusing on enhancing operational efficiency and driving growth in key segments[26]. - The company is focusing on market expansion and new product development as part of its strategic initiatives[29]. - The service product line saw organic sales growth of 5.6% in Q1 2025, indicating strong demand in this segment[31].
Enerpac Tool Group Reports Second Quarter Fiscal 2025 Results
Newsfilter· 2025-03-24 20:30
Core Insights - Enerpac Tool Group Corp. reported solid performance in the second quarter of fiscal 2025, with organic revenue growth of 5% despite a soft industrial sector [2][4]. Financial Performance - Consolidated net sales for the second quarter of fiscal 2025 were $145.5 million, a 5.1% increase from $138.4 million in the prior-year period [4][9]. - Net earnings for the second quarter were $20.9 million, or $0.38 per diluted share, compared to $17.9 million and $0.33 per diluted share in the same period last year [6][9]. - Adjusted diluted EPS increased to $0.39 from $0.36 year-over-year [3][9]. - Adjusted EBITDA for the second quarter was $33.8 million, with an adjusted EBITDA margin of 23.2%, down from 24.8% in the prior year [7][9]. Segment Performance - The Industrial Tools & Services (IT&S) segment saw a 4.4% increase in net sales, driven by organic growth and the acquisition of DTA [5]. - IT&S product sales increased by 4.4% on an organic basis, while service revenue grew by 3.4% year-over-year [5]. Profitability Metrics - Gross profit margin declined by 110 basis points year-over-year to 50.5%, attributed to a shift in product sales towards Heavy Lifting Technologies and the mix of service projects [6][9]. - Selling, general and administrative expenses (SG&A) rose by 0.7% year-over-year to $41.4 million [6]. Balance Sheet and Cash Flow - As of February 28, 2025, the company had a cash balance of $119.5 million and a debt balance of $192.1 million, resulting in a net debt to adjusted EBITDA ratio of 0.5x [8]. - The company repurchased approximately 220,000 shares for a total of $10.2 million during the second quarter [8]. Outlook - The company maintains a cautious outlook due to macroeconomic uncertainties but reiterates full-year guidance, projecting net sales between $610 million and $625 million for fiscal 2025 [10]. - Expected organic sales growth is projected to be approximately 0% to 2%, with adjusted EBITDA anticipated in the range of $150 million to $160 million [10].
Enerpac Tool Group Schedules Second Quarter Fiscal 2025 Earnings Release and Conference Call
Globenewswire· 2025-03-05 14:30
Core Viewpoint - Enerpac Tool Group Corp. will release its second quarter fiscal 2025 earnings on March 24, 2025, with a conference call scheduled for March 25, 2025, to discuss the results [1][2]. Company Overview - Enerpac Tool Group Corp. is a leading provider of industrial tools, services, technology, and solutions, serving a diverse customer base in over 100 countries [3]. - The company specializes in high-pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads, enabling customers to perform complex and hazardous jobs safely and efficiently [3]. - Founded in 1910, Enerpac Tool Group is headquartered in Menomonee Falls, Wisconsin, and its common stock trades on the NYSE under the symbol EPAC [3].