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. ...

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, 2023 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 ...

Financial Data and Key Metrics Changes - Enerpac reported a revenue growth of 2% year-over-year, with organic revenue expanding by 5.5% when excluding divestitures and foreign exchange impacts [5][35] - Adjusted EBITDA increased by 31% year-over-year, with adjusted EBITDA margins expanding by 550 basis points to 24.6% [13][35] - Gross margins improved by 360 basis points to 52.3%, driven by operational excellence initiatives and the divestiture of the Cortland Industrial business [12][13] - Adjusted EPS rose by 34% year-over-year to $0.39, attributed to EBITDA expansion and a lower share count [39] Business Line Data and Key Metrics Changes - The Industrial Tools & Services segment experienced organic revenue growth of 5.8%, with a 4.5% increase in product revenue and a 10.1% expansion in services [37] - The Cortland Biomedical segment saw a decline of 2.3%, primarily due to timing issues related to specific customer programs [37] Market Data and Key Metrics Changes - In the Americas, low-single-digit growth is expected for calendar 2024, with mid-single-digit organic growth reported in the first quarter [17] - The Asia Pacific region experienced low-single-digit organic growth but showed strong order growth, indicating potential for solid revenue growth in future periods [18] Company Strategy and Development Direction - The company is focused on its ASCEND Transformation program and a four-pillar growth strategy aimed at improving efficiency and productivity [4][22] - Enerpac is actively exploring acquisition targets to enhance its market position and has returned $26 million to shareholders through share repurchases [40][41] - The company has streamlined its organization into three geographic regions to achieve cost and revenue synergies [42] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the economic and geopolitical environment but affirms full-year fiscal 2024 guidance [4] - There is optimism regarding infrastructure investments in the U.S. and strong demand in the wind sector, particularly in Asia [24][80] - Management acknowledges neutral to cautious sentiment among channel partners but believes in the potential for growth driven by infrastructure spending [24][62] Other Important Information - The company has a net debt of $97 million, resulting in a net debt leverage ratio of 0.9 times adjusted EBITDA, with total liquidity around $500 million [14] - Enerpac's focus on innovation includes the launch of new battery-powered portable pumps, enhancing its product portfolio [45] Q&A Session Summary Question: Market conditions in the Americas - Management noted a neutral to cautious sentiment among channel partners, with expectations of low-single-digit growth for the year, but the company outperformed this with mid-single-digit growth in Q1 [52][53] Question: Sustainability of gross margin performance - Management indicated that gross profit will fluctuate throughout the year due to regional growth rates and product mix, but operational efficiencies will continue to provide benefits [26] Question: Exposure to offshore wind projects - Management stated that demand for both onshore and offshore wind installations remains strong, with a balanced exposure to both markets [28] Question: Growth opportunities from the Track Tools rail acquisition - Management expressed excitement about the acquisition, highlighting its strategic importance and differentiated technology that benefits end users [68] Question: Acquisition pipeline and targets - Management clarified that the acquisition targets are primarily small to medium-sized companies focused on product-specific markets aligned with their key verticals [95][107]

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, 2023 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) (State or other jurisdiction of incorporation or or ...

Enerpac Tool Group Corp. (NYSE:EPAC) Q4 2023 Earnings Conference Call October 17, 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 Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder, this conferenc ...

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 May 31, 2023 (Registrant's telephone number, including area code) ———————————— 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 speci ...

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. @ 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 ...

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 February 28, 2023 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 ...