earnings
confidence high
sentiment neutral
materiality 0.65
Enerpac Tool Group Q2 FY2024: adj. EPS $0.36, organic sales +2%, affirms guidance
ENERPAC TOOL GROUP CORP
2024-Q2 EPS reported
$0.65
revenue$280,406,000
- Net sales $138M, down 2% YoY; organic sales up 2% excluding Cortland Industrial divestiture.
- GAAP EPS $0.33; adjusted EPS $0.36; gross margin expanded 200 bps to 51.6%.
- Adjusted EBITDA $34M (+6% YoY); margin 24.8% (+210 bps).
- Company affirms its full-year fiscal 2024 guidance.