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 |
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
MILWAUKEE, July 01, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) ("Enerpac" or the "Company") announced today that Eric Chack will join the Company as EVP – Operations, effective July 22. He will be responsible for all aspects of Enerpac's global operations including oversight for manufacturing, procurement, logistics, continuous improvement, quality, and reliability. Mr. Chack will report to Paul Sternlieb, President & CEO of Enerpac Tool Group, and will serve on the Company's executive leadership team. Mr. Chack joins Enerpac from Mohawk Industries, where he was the SVP Supply Chain. Prior to this he was SVP Global Operations & Supply Chain for Briggs & Stratton and hel
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
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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
Enerpac Tool Group Corp. (NYSE:EPAC) announced today that it will release its second quarter fiscal 2024 earnings after the market closes on Wednesday, March 20, 2024. Management will conduct a conference call to discuss the results on Thursday, March 21, 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 solutions provider serving a broad and di
First Quarter of Fiscal 2024 Continuing Operations Highlights* Net sales were $142 million, a 1.9% increase year-over-year, with organic growth of 5.5%** Gross margin expanded 360 basis points year-over-year to 52.3% GAAP operating margin was 20.2% and adjusted operating margin was 22.8% Net earnings were $18 million, or $0.33 per share Adjusted EBITDA was $35 million, an increase of 31% year-over-year. Adjusted EBITDA margin was 24.6%, an increase of 550 basis points year-over-year. Returned approximately $26 million to shareholders through share repurchases *This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Principles
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
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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
Enerpac Tool Group (NYSE:EPAC) reported quarterly earnings of $0.47 per share which met the analyst consensus estimate. The company reported quarterly sales of $150.389 million which missed the analyst consensus estimate of $153.200 million by 1.83 percent. This is a 3.75 percent decrease over sales of $156.253 million the same period last year.
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Fear” zone on Friday. U.S. stocks closed mixed on Friday, with the S&P 500 edging lower amid a decline in shares of NVIDIA Corporation (NASDAQ:NVDA). The S&P 500 hit an intraday record level of 5,505.53 earlier last week and recorded a weekly gain of 0.6%. The Dow Jones index, meanwhile, gained 1.45% to record its strongest weekly performance since May. On the economic data front, the S&P Global US services PMI surged to 55.1 in June versus 54.8 a month ago. The S&P Global US manufacturing PMI climbed to a three-month high level of 51.7 in June. Shares of F
With U.S. stock futures trading slightly higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Enerpac Tool Group Corp. (NYSE:EPAC) to report quarterly earnings at 47 cents per share on revenue of $153.20 million after the closing bell. Enerpac Tool Group shares gained 1.9% to $39.22 in after-hours trading. Singular Genomics Systems, Inc. (NASDAQ:OMIC) reported a 1-for-30 reverse stock split. Singular Genomics shares fell 9.3% to $0.3180 in the after-hours trading session. Analysts are expecting Beyond Air, Inc. (NASDAQ:XAIR) to post a quarterly loss at $0.48 per share on revenue of $747.20 thousand. The company wil
Enerpac Tool Group (NYSE:EPAC) reported its Q2 earnings results on Wednesday, March 20, 2024 at 04:30 PM. Here's what investors need to know about the announcement. Earnings Enerpac Tool Group missed estimated earnings by 0.0%, reporting an EPS of $0.36 versus an estimate of $0.36. Revenue was down $3.52 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.07 which was followed by a 2.0% increase in the share price the next day. To track all earnings releases for Enerpac Tool Group visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor.
Enerpac Tool Group (NYSE:EPAC) reported quarterly earnings of $0.36 per share which met the analyst consensus estimate. The company reported quarterly sales of $138.400 million which missed the analyst consensus estimate of $141.100 million by 1.91 percent. This is a 2.51 percent decrease over sales of $141.960 million the same period last year.
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