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Aug 31, 2024
Enerpac Q4 2024 Earnings Report
Enerpac Tool Group reported results for the fourth quarter of fiscal year 2024.
Key Takeaways
Enerpac Tool Group's Q4 2024 saw a slight decline in consolidated net sales by 1.2%, while organic sales grew by 0.9%. Operating profit decreased by 7%, and adjusted operating profit fell by 3%. Net earnings and diluted earnings per share increased slightly compared to the previous year.
Consolidated net sales decreased by 1.2% to $158.7 million.
Organic sales grew by 0.9% year-over-year.
Operating profit declined by 7% to $30.0 million.
Net earnings increased to $23.4 million, with diluted EPS of $0.43.
Enerpac
Enerpac
Forward Guidance
Enerpac Tool Group anticipates continued growth in fiscal year 2025, despite expectations of a decline in the general industrial market. The company set its full-year fiscal 2025 net sales guidance range at $610 million to $625 million, which includes organic growth of 0% to 2% and total net sales growth, inclusive of DTA, of 3% to 6%. Forecasted adjusted EBITDA is $150 million to $160 million, with anticipated free cash flow of $89 million to $99 million.
Positive Outlook
- Company expects to outperform the industry and gain share.
- Targeted growth strategy will drive growth.
- Net sales growth of 3% to 6% including DTA acquisition.
- Organic growth of 0% to 2%.
- Forecasted adjusted EBITDA is $150 million to $160 million.
Challenges Ahead
- Expectation of a continued decline in the general industrial market.
- Guidance is based on key foreign exchange rate assumptions.
- Guidance assumes that there is no broad-based global recession.
- General economic uncertainty.
- Market conditions in the industrial, oil & gas, energy, power generation, infrastructure, commercial construction, truck and automotive industries.