secwatch.observer — SEC 8-K summary
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Issuer:     ENERPAC TOOL GROUP CORP (EPAC)
CIK:        0000006955
Form:       8-K
Filed at:   2022-06-28T23:59:59+00:00
Accession:  0001157523-22-000803
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enerpac Q3 core sales +10% to $152M; GAAP EPS $0.07 on $11M reserve charge
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- Net sales $152M, core sales up 10% YoY; FX headwind reduced reported sales by 4%.
- GAAP diluted EPS $0.07; adjusted diluted EPS $0.16; GAAP operating margin 4.4%, adjusted 9.0%.
- Recorded $11M increase in accounts receivable reserves related to a MENAC agent, impacting EPS by $0.14 and adjusted EBITDA margin by ~720 bps.
- Bought back ~1.8M shares at avg $20.65 for $36M under March 2022 repurchase program.
- Leverage 1.1x (Net Debt/Adj. EBITDA); refined full-year FY2022 guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6955/000115752322000803/0001157523-22-000803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6955/000115752322000803/a52763430.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000803

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