Workflow
Enerpac Tool(EPAC)
icon
Search documents
Enerpac Tool(EPAC) - 2025 Q1 - Quarterly Report
2024-12-20 17:41
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 1-11288 ———————————— ENERPAC TOOL GROUP CORP. (Exact name of registrant as specified in its charter) ———————————— Large Accelerated Filer ☒ Accelerated Filer ☐ Non-accelerated Filer ☐ Smaller reporting company ☐ Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised ...
Enerpac Tool Group Stock Takes A Dive On Q1 Earnings
Seeking Alpha· 2024-12-19 22:26
December 18th was a rough day for shareholders of Enerpac Tool Group Corp. (NYSE: EPAC ). As the broader market plunged following news that the Federal Reserve would likely only be cutting interest rates twice next yearHe runs Crude Value Insights , a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination ...
Enerpac Tool(EPAC) - 2025 Q1 - Earnings Call Transcript
2024-12-19 18:26
Financial Data and Key Metrics - Total revenue increased by 2.3% in Q1 2025, with a 1% decline in organic sales for the IT&S business [11] - Gross profit margin declined by 90 basis points to 51.4%, primarily due to lower sales in the Americas and a higher percentage of service revenue [13] - Adjusted SG&A remained flat at 29% of revenue, reflecting effective cost management [14] - Adjusted EBITDA margins declined by 100 basis points, and adjusted EPS increased by 3% to $0.40 [14] - Net debt stood at $63 million, with net-debt leverage of 0.5 times adjusted EBITDA, and total liquidity was $529 million [15] - Free cash flow improved by $11 million due to higher net earnings and lower incentive compensation payments [16] Business Line Performance - IT&S business revenue increased by 2.3% YoY, with a 5.6% increase in service revenue offset by a 3% decline in product sales [11] - Cortland Biomedical reported a 2.6% YoY revenue increase [13] - DTA acquisition contributed $3 million in revenue and $5 million in order volume, with expectations of €20 million in full-year 2025 sales [12] Regional Performance - EMEA region showed positive YoY growth, particularly in the wind market, with strong service revenue driven by petrochemical and power generation markets [20] - Asia Pacific region returned to YoY growth with mid-single-digit sales gains, despite softness in Australia due to mining industry conditions [21] - Americas region remained cautious, with weaker sales of standard industrial tools but gains in Heavy Lifting Technology (HLT) and services [22] Strategic Direction and Industry Competition - The company is focused on cost management and operational efficiency through its Powering Enerpac Performance (PEP) program [24] - Strategic sourcing initiatives have reduced the supplier base from over 6,000 to fewer than 5,000, aiming to further optimize supply chain efficiency [25] - The company is leveraging its global brand leadership and customer-driven innovation to outperform the market [8] Management Commentary on Operating Environment and Future Outlook - The company is monitoring the sluggish industrial macro environment, particularly in the Americas, but remains optimistic about future demand driven by potential policy changes and customer sentiment [8][34] - Management expects growth in the Asia Pacific region and anticipates a more positive demand environment in the Americas in the coming months [21][22] Other Important Information - The company is relocating its headquarters, which is expected to bring long-term benefits [16] - Enerpac is well-positioned for disciplined M&A, internal investments, and opportunistic share repurchases due to strong cash generation and low leverage [17] Q&A Session Summary Question: How did Q1 2025 performance align with expectations? - Q1 2025 played out as expected, with challenges in the industrial environment, but the company remains optimistic about future demand [33][35] Question: Potential impact of tariffs on the business? - The company is in a favorable position regarding potential tariffs, with minimal impact from imports from China and negligible imports from Canada and Mexico [36][37] Question: EMEA region performance and market share gains? - EMEA region continues to outperform despite challenging macro conditions, driven by strong commercial strategies and new product rollouts [39] Question: Drivers of service revenue growth and margin improvement? - Service revenue growth is driven by steady maintenance demand, while margin improvement is expected through operational efficiency and differentiation in service offerings [41][44] Question: Pricing strategy and potential price increases? - The company typically takes price increases 1-2 times a year to recover inflationary costs and has announced low-single-digit price increases for January 2025 [51][52] Question: Infrastructure spending and lead times? - The company sees favorable indicators for infrastructure projects, particularly in Europe and Asia Pacific, and is well-positioned to meet demand with competitive lead times [55][57] Question: Integration of DTA acquisition? - DTA integration is progressing well, with strong order volumes and early success in leveraging Enerpac's global commercial network [72][73] Question: Progress on efficiency initiatives like PEP and ECX? - The company continues to see benefits from its continuous improvement programs, with PEP driving efficiency and ECX being rolled out in EMEA [68][70]
Enerpac Tool(EPAC) - 2025 Q1 - Earnings Call Presentation
2024-12-19 13:52
Q1 FY25 EARNINGS DECEMBER 19, 2024 ENERPAC. @ Forward-Looking Statements and Non-GAAP Measures Statements made in this presentation that are not historical are forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. In addition to statements with respect to guidance, the terms "outlook," "guidance," "may," "should," "could," "anticipate," "believe," "estimate," "expect," "objective," "plan," "project" and similar expressions are intended to identif ...
Enerpac (EPAC) Q1 Earnings Miss Estimates
ZACKS· 2024-12-18 23:46
Enerpac (EPAC) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.44%. A quarter ago, it was expected that this industrial products company would post earnings of $0.53 per share when it actually produced earnings of $0.50, delivering a surprise of -5.66%.Over the last four quarters, ...
Enerpac Tool(EPAC) - 2025 Q1 - Quarterly Results
2024-12-18 21:30
EXHIBIT 99.1 Enerpac Tool Group Reports First Quarter Fiscal 2025 Results First Quarter of Fiscal 2025 Continuing Operations Highlights Net sales were $145 million, a 2.3% increase compared to the prior year, with a 0.8% decline in organic sales. Operating margin was 21.4% and adjusted operating margin was 21.5%. Net income was $21.7 million, or $0.40 per diluted share, and adjusted net income was $21.9 million, or $0.40 per diluted share. GAAP and adjusted EPS increased 21% and 3% year-over-year, respectiv ...
Enerpac Tool Group Reports First Quarter Fiscal 2025 Results
Newsfilter· 2024-12-18 21:30
First Quarter of Fiscal 2025 Continuing Operations Highlights* Net sales were $145 million, a 2.3% increase compared to the prior year, with a 0.8% decline in organic sales.**Operating margin was 21.4% and adjusted operating margin was 21.5%.Net income was $21.7 million, or $0.40 per diluted share, and adjusted net income was $21.9 million, or $0.40 per diluted share. GAAP and adjusted EPS increased 21% and 3% year-over-year, respectively.Adjusted EBITDA was $34.3 million and adjusted EBITDA margin was 23.6 ...
Enerpac (EPAC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-12-11 16:00
Wall Street expects a year-over-year increase in earnings on higher revenues when Enerpac (EPAC) reports results for the quarter ended November 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on December 18, 2024, might help the stock move higher if these key numbers are better than exp ...
Enerpac Tool Group Schedules First Quarter Fiscal 2025 Earnings Release and Conference Call
GlobeNewswire News Room· 2024-12-03 21:30
MILWAUKEE, Wis., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) announced today that it will release its first quarter fiscal 2025 earnings after the market closes on Wednesday, December 18, 2024. Management will conduct a conference call to discuss the results on Thursday, December 19, 2024, beginning at 8:30 a.m. ET / 7:30 a.m. CT. A real-time webcast of the conference call can be accessed via the Investors section of the Company’s website here. For those who are unavailable to li ...
Argus Research Initiates Equity Research Report Coverage on Enerpac Tool Group Corp. (NYSE: EPAC).
Prnewswire· 2024-11-21 13:16
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on Enerpac Tool Group Corp. (NYSE: EPAC).Click Here to view the full Argus Equity Research Report.COMPANY HIGHLIGHTS: Excerpts (as conveyed by Argus Analyst Steve Silver) include:EPAC: A premier industrial tools, services, technology and solutions company Diversified Global Business: Enerpac is a diversified provider of industrial products and services, with a broad v ...