Commenting on the announcement, Mr. Sternlieb noted, "I am very pleased to welcome Eric to Enerpac and our executive leadership team. He has an accomplished track record of strategic operations leadership, brings deep industrial manufacturing experience, and has a proven ability to develop and lead high performing teams." Contact: Travis Williams Director of Investor Relations travis.williams@enerpac.com +1.262.293.1912 Mr. Chack joins Enerpac from Mohawk Industries, where he was the SVP Supply Chain. Prior ...

MILWAUKEE, July 01, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) ("Enerpac" or the "Company") announced today that Eric Chack will join the Company as EVP – Operations, effective July 22. He will be responsible for all aspects of Enerpac's global operations including oversight for manufacturing, procurement, logistics, continuous improvement, quality, and reliability. Mr. Chack will report to Paul Sternlieb, President & CEO of Enerpac Tool Group, and will serve on the Company's executive le ...

The Company is exposed to market risk for changes in foreign currency exchange rates due to the global nature of its operations. In order to manage this risk, the Company utilizes foreign currency exchange contracts to reduce the exchange rate risk associated with recognized non-functional currency balances. The effects of changes in exchange rates are reflected concurrently in earnings for both the fair value of the foreign currency exchange contracts and the related non-functional currency asset or liabil ...

Company Participants Ross Sparenblek - William Blair Tom Hayes - CL King Steve Silver - Argus Research It is now my pleasure to turn the conference over to Travis Williams, Director of Investor Relations. Please go ahead, Mr. Williams. On the call today to present the company's results are Paul Sternlieb, President and Chief Executive Officer; and Shannon Burns, our Interim Principal Financial Officer. Our slides and a recording of today's call will be available on the Enerpac's website in the Investors sec ...

Enerpac (EPAC) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. Enerpac, which belongs to the Zacks Manufacturing - Tools & Related Products industry, posted revenues of $150.39 million for the quarter ended May 2024, missing the Zacks Consensus Estimate by 1.84%. This compares to year-ago revenues of $156.25 million. The company has topped consensus rev ...

Third Quarter of Fiscal 2024 Continuing Operations Highlights* Third Quarter Fiscal 2024 Consolidated Results Comparisons Operating profit increased 31% year-over-year to $33.4 million, with an operating profit margin of 22.2%, up from 16.3% in the third quarter of fiscal 2023. Adjusted operating profit increased 9% to $37.0 million, with an adjusted operating margin of 24.6%, a 290 basis point expansion over the prior-year period. Net cash provided by operating activities was $30.3 million for the third qu ...

Net sales were $150 million, a 4% decline year-over-year, due to the disposition of Cortland Industrial Organic sales increased 1.2% year-over-year** Gross margin expanded 200 basis points year-over-year to 51.8% Operating margin was 22.2% and adjusted operating margin was 24.6% Net earnings were $23 million, or $0.41 per share, and adjusted net earnings were $26 million, or $0.47 per share Adjusted EBITDA was $40 million, an increase of 6% year-over-year Adjusted EBITDA margin was 26.4%, an expansion of 24 ...

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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 listen to the live broadcast, a replay will be available shortly after the call for 90 days. MILWAUKEE, June 04, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) announced today that it will release its third quarter fiscal 2024 earnings after the market closes on Monday, June 24, 2024. Management will conduct a conference call to discuss the resu ...

MILWAUKEE, June 04, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) announced today that it will release its third quarter fiscal 2024 earnings after the market closes on Monday, June 24, 2024. Management will conduct a conference call to discuss the results on Tuesday, June 25, 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 listen to the live b ...