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Feb 29, 2024
Enerpac Q2 2024 Earnings Report
Enerpac reported solid second quarter results with margin expansion and progress in operating efficiency.
Key Takeaways
Enerpac Tool Group reported a decrease in net sales by 2.5% to $138.4 million, but organic sales increased by 1.8%. The company experienced significant operating profit growth, driven by margin expansion and reduced SG&A expenses. They affirm full-year guidance.
Net sales decreased by 2.5% to $138.4 million, but organic sales increased by 1.8%.
Gross margin expanded by 200 basis points to 51.6%.
Operating profit increased by 111% to $29.5 million.
The company reaffirms its fiscal year 2024 guidance.
Revenue by Segment
Forward Guidance
The Company affirms its fiscal 2024 guidance, projecting a net sales range of $590 million to $605 million. The forecast anticipates organic sales growth of approximately 2% to 4%, with adjusted EBITDA in the range of $142 million to $152 million, and free cash flow between $60 million to $70 million.
Positive Outlook
- Net sales range of $590 million to $605 million
- Organic sales growth of approximately 2% to 4%
- Adjusted EBITDA in the range of $142 million to $152 million
- Free cash flow between $60 million to $70 million
- Targeted adjusted EBITDA margin of at least 25% in fiscal 2025
Challenges Ahead
- Based on key foreign exchange rate assumptions
- Assumes the absence of a broad-based global recession
- General economic uncertainty
- Market conditions in various industries
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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