Enerpac Tool Group Reports Third Quarter Fiscal 2024 Results

Net sales were $150 million, a 4% decline year-over-year, due to the disposition of Cortland Industrial Organic sales increased 1.2% year-over-year** Gross margin expanded 200 basis points year-over-year to 51.8% Operating margin was 22.2% and adjusted operating margin was 24.6% Net earnings were $23 million, or $0.41 per share, and adjusted net earnings were $26 million, or $0.47 per share Adjusted EBITDA was $40 million, an increase of 6% year-over-year Adjusted EBITDA margin was 26.4%, an expansion of 24 ...