Enerpac Q2 FY2023: adj. EPS $0.35, core sales +6%, raises FY guidance, ASCEND benefit higher

ENERPAC TOOL GROUP CORP

2023-Q2 EPS reported $0.21 revenue$281,342,000

Net sales $142M; core sales +6% YoY; GAAP EPS $0.12, adjusted EPS $0.35.
Adj. EBITDA margin 22.7%, up ~1,100 bps YoY; record margins since 2019 launch.
ASCEND transformation incremental adjusted EBITDA benefit above initial projection.
Full-year FY2023 guidance raised; leverage at 0.9x Net Debt/Adjusted EBITDA.
GAAP operating margin 9.8%; adjusted operating margin 20.2%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ENERPAC TOOL GROUP CORP reported Second quarter of fiscal 2023 ended February 28, 2023 results: revenue $142 million, EPS GAAP diluted EPS of $0.12; adjusted diluted EPS of $0.35. Guidance raised.

Period: Second quarter of fiscal 2023 ended February 28, 2023
Revenue: $142 million
EPS: GAAP diluted EPS of $0.12; adjusted diluted EPS of $0.35
Guidance: raised
Result: reported results

Exact text from the filing

Net sales were $142 million, with a 6% year-over-year increase in core sales; the strengthening of the US dollar reduced sales by 2% year over year GAAP operating margin was 9.8% and adjusted operating margin was 20.2% Adjusted EBITDA margin was 22.7%, an increase of nearly 1,100 basis points year over year Reported record gross profit margins and adjusted EBITDA margins since launch of Enerpac Tool Group in 2019 GAAP diluted earnings per share (“EPS”) was $0.12 and adjusted diluted EPS was $0.35 Leverage (Net Debt to Adjusted EBITDA) was 0.9x at February 28, 2023 Ongoing incremental adjusted EBITDA benefit from ASCEND transformation program higher than initially projected at launch of program Raising full year fiscal 2023 guidance

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accession 0001157523-23-000471

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