The Zacks Manufacturing-Tools & Related Products industry stands to benefit from strong demand for machine tools in industrial and automotive end-markets. Higher usage of electrical devices these days should drive demand for manufacturing tools in the power market. With rapid urbanization and the associated investments in product development and upgrades, the industry is poised for growth in the near term.Strength in end markets, along with improvement in the supply chain, is expected to foster the industry ...

Irrespective of market conditions, companies with favorable efficiency levels are more likely to be investors’ choice. The reason is that a company with a favorable efficiency level is expected to offer impressive returns as it is believed to be positively correlated to its price performance.Notably, efficiency ratio is an indication of company’s financial health. It analyzes how efficiently a company uses its assets and liabilities internally.However, at times it becomes difficult to measure the efficiency ...

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. The terms "outlook," "guidance," "may," "should, ""could," "anticipate," "believe," "estimate," "expect," "objective," "plan," "project" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to inherent risks and uncertainties that may cause actual results or even ...

Enerpac Tool Group Corp. (NYSE:EPAC) Q2 2024 Earnings Conference Call March 21, 2024 8:30 AM ET Company Participants Travis Williams - Director of IR Paul Sternlieb - President and Chief Executive Officer Shannon Burns - Interim Principal Financial Officer Conference Call Participants Tom Hayes - CL King Steve Silver - Argus Research Operator Ladies and gentlemen, thank you for standing by. Welcome to the Enerpac Tool Group's Second Quarter Fiscal 2024 Earnings Conference Call. As a reminder, this conferenc ...

Second Quarter of Fiscal 2024 Continuing Operations Highlights* Net sales were $138 million, a 2% decline year-over-year, due to the disposition of Cortland IndustrialOrganic sales increased 2% year-over-year**Gross margin expanded 200 basis points year-over-year to 51.6%Operating margin was 21.3% and adjusted operating margin was 22.8%Net earnings were $18 million, or $0.33 per share, and adjusted net earnings were $20 million, or $0.36 per shareAdjusted EBITDA was $34 million, an increase of 6% year-over- ...

MILWAUKEE--(BUSINESS WIRE)--Enerpac Tool Group Corp. (NYSE: EPAC) announced today that it will release its second quarter fiscal 2024 earnings after the market closes on Wednesday, March 20, 2024. Management will conduct a conference call to discuss the results on Thursday, March 21, 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 broadcast, ...

The Zacks Manufacturing-Tools & Related Products industry is poised to benefit from improving supply chains, resulting in easier availability of raw materials and faster deliveries. Cost-control measures and investments in product development are suitable for the industry’s growth. However, softness in demand due to the slowdown in the manufacturing sector paints a bleak picture for the industry in the near term.Nevertheless, easing supply chain disruptions are expected to aid companies like Lincoln Electri ...

The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Enerpac (EPAC) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Enerpac is a member of the Industrial Products sector. This group includes 227 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sec ...

MILWAUKEE--(BUSINESS WIRE)--Enerpac Tool Group Corp. (NYSE: EPAC) (the “Company” or “Enerpac”) today announced that Anthony Colucci is stepping down as Executive Vice President and Chief Financial Officer to assume an executive role at a private equity firm. He will remain as CFO through March 1, 2024, to assist with the transition. The Company has initiated a comprehensive search to identify Enerpac’s next CFO and has retained a leading executive search firm to assist with the process. In the interim, P. ...

Company Participants Paul Sternlieb - President and CEO Conference Call Participants Larry De Maria - William Blair Gary Prestopino - Barrington Research Ladies and gentlemen, thank you for standing by. Welcome to the Enerpac Tool Group's First Quarter Fiscal 2024 Earnings Conference Call. As a reminder, this conference is being recorded, December 20, 2023. Thank you, operator. Good morning, and thank you for joining us for Enerpac Tool Group's first quarter fiscal 2024 earnings call. Now I will turn the ca ...