Enerpac (EPAC) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -5.66%. A quarter ago, it was expected that this industrial products company would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise. Over the last four quarters, the comp ...

EXHIBIT 99.1 Enerpac Tool Group Reports Fourth Quarter and Full-Year Fiscal 2024 Results; Introduces Full-Year Fiscal 2025 Outlook Fiscal 2024 Continuing Operations Highlights Net sales were $590 million, a decline of 1.5% year-over-year, with organic growth of 2.2%. Gross margin expanded 180 basis points year-over-year to 51.1%. Operating margin was 20.6% and adjusted operating margin was 23.2%. Net earnings were $82 million and adjusted net earnings were $95 million, representing year-over-year increases ...

Fiscal 2024 Continuing Operations Highlights* Net sales were $590 million, a decline of 1.5% year-over-year, with organic growth of 2.2%.** Gross margin expanded 180 basis points year-over-year to 51.1%. Operating margin was 20.6% and adjusted operating margin was 23.2%. Net earnings were $82 million and adjusted net earnings were $95 million, representing year-over-year increases of 53% and 14%, respectively. Diluted EPS was $1.50 and adjusted diluted EPS was $1.72. Adjusted EBITDA was $147 million, an inc ...

MILWAUKEE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) ("Enerpac" or "the Company") announced today that Darren M. Kozik is joining the Company as Executive Vice President and Chief Financial Officer effective October 28, 2024. He will report to Paul Sternlieb, President & CEO, and serve as a member of the Company's executive leadership team. Mr. Kozik will provide leadership over all aspects of the Company's finance and IT functions globally. Mr. Kozik joins Enerpac Tool Group f ...

MILWAUKEE, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) announced today that it will release its fourth quarter fiscal 2024 earnings after the market closes on Tuesday, October 15, 2024. Management will conduct a conference call to discuss the results on Wednesday, October 16, 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 ...

MILWAUKEE, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) ("Enerpac" or the "Company") announced today that it completed the acquisition of Madrid, Spain-based DTA The Smart Move, S.A. ("DTA"), a global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The purchase price is €24 million plus potential for a three-year earn-out tied to the achievement of certain financial objectives. The purchase price will be funded w ...

MILWAUKEE, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) announced today that its Board of Directors has declared a cash dividend on its Class A common stock. The annual dividend of $0.04 per common share will be payable on October 18, 2024 to shareholders of record at the close of business on October 7, 2024. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and ...

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 ...