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 ...

Core Insights - Enerpac Tool Group Corp. reported a net sales decline of 1.5% year-over-year for fiscal 2024, with net sales totaling $590 million, while organic growth was 2.2% [1][5] - The company achieved a gross margin expansion of 180 basis points to 51.1% and an operating margin of 20.6% [1][5] - Net earnings increased by 53% year-over-year to $82 million, with diluted EPS rising to $1.50 [1][5] Fiscal 2024 Performance - Net sales for fiscal 2024 were $589.5 million, down from $598.2 million in fiscal 2023, with organic sales growth of 2.2% [5] - Gross margin improved to 51.1%, driven by pricing actions and a favorable sales mix [5] - Operating profit rose 45% year-over-year to $121.6 million, with an operating profit margin of 20.6% [5] - Adjusted EBITDA increased by 8% to $147.5 million, with an adjusted EBITDA margin of 25.0% [5] Fourth Quarter Highlights - Fourth quarter net sales were $158.7 million, a 1.2% decline from the previous year, with organic sales growth of 0.9% [6] - Operating profit for the fourth quarter was $30 million, down 7% year-over-year, with an operating profit margin of 18.9% [6] - Net earnings for the fourth quarter were $23.4 million, compared to $23.1 million in the same quarter of the previous year [6] Segment Performance - The Industrial Tools & Services (IT&S) segment reported net sales of $571.2 million for fiscal 2024, a 2.9% increase, with organic sales growth of 2.7% [8] - Fourth quarter net sales for IT&S were approximately flat year-over-year at $153.4 million, with a 0.8% increase in organic sales [8] Shareholder Returns and Capital Management - The company returned $38 million to shareholders through share repurchases and dividends in fiscal 2024 [3] - Cash from operations was $81 million, with free cash flow of $70 million [1] Outlook for Fiscal 2025 - The company anticipates continued challenges in the general industrial market but expects to achieve net sales between $610 million and $625 million for fiscal 2025, with organic growth of 0% to 2% [10][11]

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 ...

Core Points - Enerpac Tool Group Corp. will release its fourth quarter fiscal 2024 earnings on October 15, 2024, after market close [1] - A conference call to discuss the results will take place on October 16, 2024, at 8:30 a.m. ET [1] - A real-time webcast of the conference call will be available on the company's website, with a replay accessible for 90 days [2] Company Overview - Enerpac Tool Group Corp. is a leading provider of industrial tools, services, technology, and solutions, serving customers in over 100 countries [3] - The company specializes in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads [3] - Founded in 1910, Enerpac Tool Group is headquartered in Menomonee Falls, Wisconsin, and trades on the NYSE under the symbol EPAC [3]

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 ...

Core Viewpoint - Enerpac Tool Group Corp. has announced the appointment of Eric Chack as Executive Vice President of Operations, effective July 22, 2024, to enhance its global operations management [1][3]. Company Overview - Enerpac Tool Group Corp. is a leading provider of industrial tools, services, technology, and solutions, serving diverse customers in over 100 countries [4]. - The company specializes in high-pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads, enabling safe and efficient execution of complex tasks [4]. - Founded in 1910, Enerpac is headquartered in Menomonee Falls, Wisconsin, and its common stock trades on the NYSE under the symbol EPAC [4]. Leadership Appointment - Eric Chack will oversee all aspects of Enerpac's global operations, including manufacturing, procurement, logistics, continuous improvement, quality, and reliability [1]. - Chack has a strong background in operations, having previously served as Senior Vice President of Supply Chain at Mohawk Industries and held leadership roles at Briggs & Stratton, SPX Corporation, and IDEX Corporation [2]. - His military experience as an Infantry Officer in the US Marine Corps adds to his leadership credentials [2]. Executive Commentary - Paul Sternlieb, President & CEO of Enerpac, expressed enthusiasm about Chack's appointment, highlighting his strategic operations leadership and industrial manufacturing experience [3]. - Chack expressed excitement about joining Enerpac and aims to drive competitive advantage through operational excellence and supply chain efficiency [3].

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 ...

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 ...

EXHIBIT 99.1 Enerpac Tool Group Reports Third Quarter Fiscal 2024 Results Third Quarter of Fiscal 2024 Continuing Operations Highlights MILWAUKEE, June 24, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) (the "Company" or "Enerpac") today announced results for its fiscal third quarter ended May 31, 2024. "We were pleased with our continued progress in the quarter, particularly on capturing further margin expansion as we focus on driving enhanced operational efficiency and SG&A productivity," ...