earnings
confidence high
sentiment positive
materiality 0.75
Enerpac Q3 FY2024 adjusted EPS $0.47, organic sales +1.2%; raises FY adjusted EBITDA guidance
ENERPAC TOOL GROUP CORP
2024-Q3 EPS reported
$1.12
revenue$430,796,000
- Net sales $150M, down 4% YoY (incl. Cortland disposition), but organic sales up 1.2%.
- Gross margin expanded 200 bps to 51.8%; adjusted EBITDA margin 26.4% (up 240 bps).
- Adjusted EBITDA $40M, up 6% YoY; adjusted net earnings $26M ($0.47 per share).
- Narrowing full-year organic revenue growth to 2%-3%; raising midpoint of adjusted EBITDA guidance.