Workflow
Enerpac Tool(EPAC)
icon
Search documents
Enerpac Tool(EPAC) - 2023 Q4 - Earnings Call Transcript
2023-10-17 14:57
Thanks, Travis, and good morning. ItÂ's a pleasure to be here to talk about EnerpacÂ's strong financial performance in fiscal '23. We also have a lot of good news to report in terms of the success of our ASCEND transformation program with our first full year of implementation now behind us. In fiscal 2023, we moved into the implementation stage of our ASCEND transformation program designed to accelerate Enerpac's growth and profitability. To date, I'm pleased to report that we are ahead of schedule in terms ...
Enerpac Tool(EPAC) - 2023 Q3 - Earnings Call Transcript
2023-06-22 14:38
Enerpac Tool Group Corp. (NYSE:EPAC) Q3 2023 Earnings Conference Call June 22, 2023 8:30 AM ET Company Participants Travis Williams - Director of Investor Relations Paul Sternlieb - President and Chief Executive Officer Anthony Colucci - Executive Vice President and Chief Financial Officer Operator Ladies and gentlemen, thank you for standing by. Welcome to Enerpac Tool Group's Third Quarter Earnings Conference Call. As a reminder, this conference is being recorded, June 22, 2023. It's now my pleasure to tu ...
Enerpac Tool(EPAC) - 2023 Q2 - Earnings Call Presentation
2023-03-24 17:13
ENERPAC. @ Fiscal 2023 Second Quarter Earnings Forward-Looking Statements/Non-GAAP Measures All estimates of future performance are as of March 21, 2023. Enerpac Tool Group's inclusion of these estimates or targets in the presentation is not an update, confirmation, affirmation or disavowal of the estimates or targets. 2 ▪ One year anniversary since launch of the program ▪ Additional initiatives added to the project funnel over the past year ▪ Key Initiatives ▪ Accelerating organic growth go-to-market strat ...
Enerpac Tool(EPAC) - 2023 Q2 - Earnings Call Transcript
2023-03-22 16:52
Conference Call Participants Bobbi Belstner Now I will turn the call over to Paul. Based on the work and accomplishments to-date, we are increasing our expected adjusted EBITDA benefit of the program from the original plan of $40 million to $50 million to a new target of $50 million to $60 million as a result of additional initiatives added to the project funnel over the past year and initiatives executing at a higher success rate. We now expect $32 million to $38 million of adjusted EBITDA benefit from ASC ...
Enerpac Tool(EPAC) - 2023 Q1 - Earnings Call Transcript
2022-12-21 17:50
Financial Data and Key Metrics - Net sales for Q1 2023 were $139 million, a 13% increase in core sales over Q1 2022 [31] - Adjusted EBITDA margin was 19% in Q1, reflecting a currency-neutral incremental profitability of 64% [31] - Adjusted EPS for Q1 was $0.29, up $0.13 from the prior year, representing an 80% increase year-over-year [32] - Free cash flow for Q1 was $16 million, compared to negative $8 million in Q1 2022 [44] Business Line Data and Key Metrics - IT&S product core sales increased by 14%, service core sales by 3%, and Cortland core sales by 26% in Q1 [31] - Cortland business delivered core growth of 26% year-over-year, with strong performance in oil and gas, aerospace, and defense [29][30] - New product launches, including battery-powered machine skates, contributed to growth in Q1 [18][19] Market Data and Key Metrics - Americas experienced core sales growth in the high teens, driven by product growth and demand in rail and wind sectors [22][23] - Europe saw low double-digit core growth, benefiting from government investments in infrastructure and rail [24] - Asia Pacific had low single-digit core growth, with challenges in China due to COVID restrictions [26] - MENAC region experienced low single-digit core growth, driven by oil and gas investments [28] Company Strategy and Industry Competition - The ASCEND transformation program aims to drive organic growth, operational excellence, and efficiency, with an expected $40 million to $50 million adjusted EBITDA benefit by fiscal 2024 [12][16] - The company focuses on four growth verticals: infrastructure, wind, rail, and industrial MRO, with a long-term target of 6% to 7% organic revenue CAGR [9] - Innovation is a key aspect of the growth strategy, with new products like battery-powered machine skates driving customer demand [18][19] Management Commentary on Operating Environment and Future Outlook - Management remains confident in the company's ability to grow and execute, despite macroeconomic uncertainty [11][48] - Order rates remained solid in the first few weeks of Q2, with no signs of a recession in the business [20][47] - The company expects to see continued easing of supply chain challenges and commodity price increases, but some headwinds may persist into 2023 [41][42] Other Important Information - The company reduced the number of legal entities, simplifying the business and reducing associated costs [15] - Pricing actions contributed approximately $8 million to the top line in Q1, offsetting the impact of inflation [34][43] - The company's leverage ratio is 0.7 times, well below the target range of 1.5 to 2.5 times [44] Q&A Session Summary - No specific Q&A session details were provided in the document [50]
Enerpac Tool(EPAC) - 2023 Q1 - Earnings Call Presentation
2022-12-21 16:19
ENERPAC. @ 1 Fiscal 2023 First Quarter Earnings D e c e m b e r 2 1 , 2 0 2 2 Forward-Looking Statements/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. The terms "may," "should, ""could," "anticipate," "believe," "estimate," "expect," "objective," "plan," "project" and similar expressions are intended to identify forward-looking statements. Such forward-look ...
Enerpac Tool(EPAC) - 2023 Q1 - Quarterly Report
2022-12-21 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ——————————— FORM 10-Q ———————————— (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2022 OR ☐ 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) ———————————— Wisconsin 39-0168610 (State ...
Enerpac Tool(EPAC) - 2022 Q4 - Annual Report
2022-10-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition period from to to Commission File No. 1-11288 ENERPAC TOOL GROUP CORP. (Exact name of Registrant as specified in its charter) Wisconsin 39-0168610 (State or other jurisdiction o ...
Enerpac Tool(EPAC) - 2022 Q4 - Earnings Call Transcript
2022-09-29 18:14
Enerpac Tool Group Corp. (NYSE:EPAC) Q4 2022 Earnings Conference Call September 29, 2022 11:00 AM ET Company Participants Bobbi Belstner - Senior Director, IR and Strategy Paul Sternlieb - President and CEO Anthony Colucci - EVP and CFO Conference Call Participants Jeff Hammond - KeyBank Capital Markets Operator Ladies and gentlemen, thank you for standing by. Welcome to the Enerpac Tool Group's Fourth Quarter Earnings Conference Call. During the presentation all participants will be in a listen-only mode. ...
Enerpac Tool(EPAC) - 2022 Q4 - Earnings Call Presentation
2022-09-29 15:42
ENERPAC. @ 1 Fiscal 2022 Fourth Quarter Earnings S e p t e m b e r 2 9 , 2 0 2 2 Forward-Looking Statements Statements in this presentation that are not historical are considered "forward-looking statements" and are subject to change based on various factors and uncertainties that may cause actual results to differ significantly from expectations. Those factors are contained in Enerpac Tool Group's Securities and Exchange Commission filings. All estimates of future performance are as of September 28, 2022. ...