Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Other. The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets. It also offers branded tools and engineered heavy lifting technology solutions, and hydraulic torque wrenches; energy maintenance and manpower services; high-force hydraulic and mechanical tools, including cylinders, pumps, valves, and specialty tools; and bolt tensioners and other miscellaneous products. This segment markets its branded tools and services primarily under the Enerpac, Hydratight, Larzep, and Simplex brands. The Other segment designs and manufactures synthetic ropes and biomedical assemblies. The company was formerly known as Actuant Corporation and changed its name to Enerpac Tool Group Corp. in January 2020. Enerpac Tool Group Corp. was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin.
IPO Year:
Exchange: NYSE
Website: enerpactoolgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2023 | $35.00 | Buy | CL King |
| 6/22/2022 | $22.00 → $23.00 | Equal Weight → Overweight | Wells Fargo |
| 1/7/2022 | $20.00 | Underweight → Neutral | JP Morgan |
| 1/5/2022 | Sector Perform → Underperform | RBC Capital | |
| 12/22/2021 | $21.00 → $20.00 | Sector Perform | RBC Capital |
| 11/2/2021 | $22.00 | Underweight → Equal-Weight | Wells Fargo |
| 9/30/2021 | $22.00 → $20.00 | Underweight | Wells Fargo |
| 9/30/2021 | $26.00 → $22.00 | Sector Perform | RBC Capital |
| 6/30/2021 | $26.00 → $28.00 | Sector Perform | RBC Capital |
| 6/24/2021 | $27.00 → $26.00 | Sector Perform | RBC Capital |
10-Q - ENERPAC TOOL GROUP CORP (0000006955) (Filer)
8-K - ENERPAC TOOL GROUP CORP (0000006955) (Filer)
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8-K - ENERPAC TOOL GROUP CORP (0000006955) (Filer)
8-K - ENERPAC TOOL GROUP CORP (0000006955) (Filer)
10-Q - ENERPAC TOOL GROUP CORP (0000006955) (Filer)
8-K - ENERPAC TOOL GROUP CORP (0000006955) (Filer)
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First Quarter of Fiscal 2025 Continuing Operations Highlights* Net sales were $145 million, a 2.3% increase compared to the prior year, with a 0.8% decline in organic sales.**Operating margin was 21.4% and adjusted operating margin was 21.5%.Net income was $21.7 million, or $0.40 per diluted share, and adjusted net income was $21.9 million, or $0.40 per diluted share. GAAP and adjusted EPS increased 21% and 3% year-over-year, respectively.Adjusted EBITDA was $34.3 million and adjusted EBITDA margin was 23.6%.Completed acquisition of DTA with integration well underway. *This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Princ
MILWAUKEE, Wis., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) announced today that it will release its first quarter fiscal 2025 earnings after the market closes on Wednesday, December 18, 2024. Management will conduct a conference call to discuss the results on Thursday, December 19, 2024, beginning at 8:30 a.m. ET / 7:30 a.m. CT. A real-time webcast of the conference call can be accessed via the Investors section of the Company's website here. For those who are unavailable to listen to the live broadcast, a replay will be available shortly after the call for 90 days. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools,
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- Argus Research, an independent investment research firm, has launched Equity Research Report coverage on Enerpac Tool Group Corp. (NYSE:EPAC). Click Here to view the full Argus Equity Research Report. COMPANY HIGHLIGHTS: Excerpts (as conveyed by Argus Analyst Steve Silver) include: EPAC: A premier industrial tools, services, technology and solutions company Diversified Global Business: Enerpac is a diversified provider of industrial products and services, with a broad vertical market focus and geographic operating footprint. The company
Dennis Bowe to continue in advisory role to support transition STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, today announced the Board of Directors of STRATTEC has appointed Matthew Pauli as Senior Vice President, Chief Financial Officer effective November 13, 2024. He will succeed Dennis Bowe, who will be continuing with the Company in an advisory role to aid in the transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111337953/en/The Board of Directors of STRATTEC has appo
In a release issued under the same headline yesterday by Enerpac Tool Group Corp. (NYSE:EPAC), please note that in the Outlook section, the third paragraph should have read "Forecasted adjusted EBITDA is $150 million to $160 million, with anticipated free cash flow of $85 million to $95 million." and not "Forecasted adjusted EBITDA is $150 million to $160 million, with anticipated free cash flow of $89 million to $99 million." The $85 million to $95 million free cash flow guidance is consistent with the original financial tables included in the release and the presentation and slides for the earnings call held earlier today. The corrected release is as follows: Fiscal 2024 Continuing Operat
Fiscal 2024 Continuing Operations Highlights* Net sales were $590 million, a decline of 1.5% year-over-year, with organic growth of 2.2%.**Gross margin expanded 180 basis points year-over-year to 51.1%.Operating margin was 20.6% and adjusted operating margin was 23.2%.Net earnings were $82 million and adjusted net earnings were $95 million, representing year-over-year increases of 53% and 14%, respectively.Diluted EPS was $1.50 and adjusted diluted EPS was $1.72.Adjusted EBITDA was $147 million, an increase of 8% year-over-year. Adjusted EBITDA margin of 25.0% increased 220 basis points.Cash from operations was $81 million with free cash flow of $70 million.Returned $38 million to sharehold
MILWAUKEE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) ("Enerpac" or "the Company") announced today that Darren M. Kozik is joining the Company as Executive Vice President and Chief Financial Officer effective October 28, 2024. He will report to Paul Sternlieb, President & CEO, and serve as a member of the Company's executive leadership team. Mr. Kozik will provide leadership over all aspects of the Company's finance and IT functions globally. Mr. Kozik joins Enerpac Tool Group from ManpowerGroup, a leading global workforce solutions company. With 25 years of finance experience, he most recently held the position of SVP, Global Corporate Finance, where he led th
MILWAUKEE, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) announced today that it will release its fourth quarter fiscal 2024 earnings after the market closes on Tuesday, October 15, 2024. Management will conduct a conference call to discuss the results on Wednesday, October 16, 2024, beginning at 8:30 a.m. ET / 7:30 a.m. CT. A real-time webcast of the conference call can be accessed via the Investors section of the Company's website here. For those who are unavailable to listen to the live broadcast, a replay will be available shortly after the call for 90 days. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools, services, tec
MILWAUKEE, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) ("Enerpac" or the "Company") announced today that it completed the acquisition of Madrid, Spain-based DTA The Smart Move, S.A. ("DTA"), a global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The purchase price is €24 million plus potential for a three-year earn-out tied to the achievement of certain financial objectives. The purchase price will be funded with a combination of cash on hand and borrowings from the Company's credit facility. The acquisition of DTA advances Enerpac Tool Group's pure-play industrial tools and solutions strateg
MILWAUKEE, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) announced today that its Board of Directors has declared a cash dividend on its Class A common stock. The annual dividend of $0.04 per common share will be payable on October 18, 2024 to shareholders of record at the close of business on October 7, 2024. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group's business
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Dennis Bowe to continue in advisory role to support transition STRATTEC SECURITY CORPORATION (NASDAQ:STRT) ("STRATTEC" or "Company"), a leading provider of smart vehicle power access, security & authorization solutions for the global automotive industry, today announced the Board of Directors of STRATTEC has appointed Matthew Pauli as Senior Vice President, Chief Financial Officer effective November 13, 2024. He will succeed Dennis Bowe, who will be continuing with the Company in an advisory role to aid in the transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241111337953/en/The Board of Directors of STRATTEC has appo
MILWAUKEE, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) ("Enerpac" or "the Company") announced today that Darren M. Kozik is joining the Company as Executive Vice President and Chief Financial Officer effective October 28, 2024. He will report to Paul Sternlieb, President & CEO, and serve as a member of the Company's executive leadership team. Mr. Kozik will provide leadership over all aspects of the Company's finance and IT functions globally. Mr. Kozik joins Enerpac Tool Group from ManpowerGroup, a leading global workforce solutions company. With 25 years of finance experience, he most recently held the position of SVP, Global Corporate Finance, where he led th
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First Quarter of Fiscal 2025 Continuing Operations Highlights* Net sales were $145 million, a 2.3% increase compared to the prior year, with a 0.8% decline in organic sales.**Operating margin was 21.4% and adjusted operating margin was 21.5%.Net income was $21.7 million, or $0.40 per diluted share, and adjusted net income was $21.9 million, or $0.40 per diluted share. GAAP and adjusted EPS increased 21% and 3% year-over-year, respectively.Adjusted EBITDA was $34.3 million and adjusted EBITDA margin was 23.6%.Completed acquisition of DTA with integration well underway. *This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Princ
MILWAUKEE, Wis., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) announced today that it will release its first quarter fiscal 2025 earnings after the market closes on Wednesday, December 18, 2024. Management will conduct a conference call to discuss the results on Thursday, December 19, 2024, beginning at 8:30 a.m. ET / 7:30 a.m. CT. A real-time webcast of the conference call can be accessed via the Investors section of the Company's website here. For those who are unavailable to listen to the live broadcast, a replay will be available shortly after the call for 90 days. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools,
In a release issued under the same headline yesterday by Enerpac Tool Group Corp. (NYSE:EPAC), please note that in the Outlook section, the third paragraph should have read "Forecasted adjusted EBITDA is $150 million to $160 million, with anticipated free cash flow of $85 million to $95 million." and not "Forecasted adjusted EBITDA is $150 million to $160 million, with anticipated free cash flow of $89 million to $99 million." The $85 million to $95 million free cash flow guidance is consistent with the original financial tables included in the release and the presentation and slides for the earnings call held earlier today. The corrected release is as follows: Fiscal 2024 Continuing Operat
Fiscal 2024 Continuing Operations Highlights* Net sales were $590 million, a decline of 1.5% year-over-year, with organic growth of 2.2%.**Gross margin expanded 180 basis points year-over-year to 51.1%.Operating margin was 20.6% and adjusted operating margin was 23.2%.Net earnings were $82 million and adjusted net earnings were $95 million, representing year-over-year increases of 53% and 14%, respectively.Diluted EPS was $1.50 and adjusted diluted EPS was $1.72.Adjusted EBITDA was $147 million, an increase of 8% year-over-year. Adjusted EBITDA margin of 25.0% increased 220 basis points.Cash from operations was $81 million with free cash flow of $70 million.Returned $38 million to sharehold
MILWAUKEE, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) announced today that it will release its fourth quarter fiscal 2024 earnings after the market closes on Tuesday, October 15, 2024. Management will conduct a conference call to discuss the results on Wednesday, October 16, 2024, beginning at 8:30 a.m. ET / 7:30 a.m. CT. A real-time webcast of the conference call can be accessed via the Investors section of the Company's website here. For those who are unavailable to listen to the live broadcast, a replay will be available shortly after the call for 90 days. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools, services, tec
MILWAUKEE, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) ("Enerpac" or the "Company") announced today that it completed the acquisition of Madrid, Spain-based DTA The Smart Move, S.A. ("DTA"), a global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The purchase price is €24 million plus potential for a three-year earn-out tied to the achievement of certain financial objectives. The purchase price will be funded with a combination of cash on hand and borrowings from the Company's credit facility. The acquisition of DTA advances Enerpac Tool Group's pure-play industrial tools and solutions strateg
MILWAUKEE, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) announced today that its Board of Directors has declared a cash dividend on its Class A common stock. The annual dividend of $0.04 per common share will be payable on October 18, 2024 to shareholders of record at the close of business on October 7, 2024. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group's business
Third Quarter of Fiscal 2024 Continuing Operations Highlights* Net sales were $150 million, a 4% decline year-over-year, due to the disposition of Cortland IndustrialOrganic 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 shareAdjusted EBITDA was $40 million, an increase of 6% year-over-yearAdjusted EBITDA margin was 26.4%, an expansion of 240 basis points year-over-yearNarrowing full-year organic revenue growth to 2% to 3% and raising the midpoint o
MILWAUKEE, June 04, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) announced today that it will release its third quarter fiscal 2024 earnings after the market closes on Monday, June 24, 2024. Management will conduct a conference call to discuss the results on Tuesday, June 25, 2024, beginning at 8:30 a.m. ET / 7:30 a.m. CT. A real-time webcast of the conference call can be accessed via the Investors section of the Company's website here. For those who are unavailable to listen to the live broadcast, a replay will be available shortly after the call for 90 days. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools, services, technology and solut
Second Quarter of Fiscal 2024 Continuing Operations Highlights* Net sales were $138 million, a 2% decline year-over-year, due to the disposition of Cortland IndustrialOrganic sales increased 2% year-over-year**Gross margin expanded 200 basis points year-over-year to 51.6%Operating margin was 21.3% and adjusted operating margin was 22.8%Net earnings were $18 million, or $0.33 per share, and adjusted net earnings were $20 million, or $0.36 per shareAdjusted EBITDA was $34 million, an increase of 6% year-over-yearAdjusted EBITDA margin was 24.8%, an expansion of 210 basis points year-over-year *This press release contains financial measures in accordance with U.S. Generally Accepted Accounting
CL King initiated coverage of Enerpac Tool Group with a rating of Buy and set a new price target of $35.00
Wells Fargo upgraded Enerpac Tool Group from Equal Weight to Overweight and set a new price target of $23.00 from $22.00 previously
JP Morgan upgraded Enerpac Tool Group from Underweight to Neutral and set a new price target of $20.00
RBC Capital downgraded Enerpac Tool Group from Sector Perform to Underperform
RBC Capital reiterated coverage of Enerpac Tool Group with a rating of Sector Perform and set a new price target of $20.00 from $21.00 previously
Wells Fargo upgraded Enerpac Tool Group from Underweight to Equal-Weight and set a new price target of $22.00
Wells Fargo reiterated coverage of Enerpac Tool Group with a rating of Underweight and set a new price target of $20.00 from $22.00 previously
RBC Capital reiterated coverage of Enerpac Tool Group with a rating of Sector Perform and set a new price target of $22.00 from $26.00 previously
RBC Capital reiterated coverage of Enerpac Tool Group with a rating of Sector Perform and set a new price target of $28.00 from $26.00 previously
RBC Capital reiterated coverage of Enerpac Tool Group with a rating of Sector Perform and set a new price target of $26.00 from $27.00 previously