Enerpac Q4 2023 Earnings Report
Key Takeaways
Enerpac Tool Group reported a 6% increase in net sales for Q4 2023, with core sales up by 9%. The company's operating profit increased by 145% year over year, and adjusted EBITDA increased by 31%.
Net sales increased by 6% compared to the prior year, with a 9% increase in core sales.
Operating margin was 20.0% and adjusted operating margin was 23.0%.
Net earnings were $23 million, or $0.41 per diluted share.
Adjusted EBITDA was $40 million, an increase of 31% year over year.
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Forward Guidance
Enerpac Tool Group provided its full-year fiscal 2024 net sales guidance range at $590 million to $605 million, with core growth of approximately 2 to 4 percent, adjusted EBITDA guidance at $142 million to $152 million, and anticipated free cash flow of $60 million to $70 million.