Enerpac Tool Group Q2 2024 Earnings Report

Enerpac Tool Group EPS Results

• Actual EPS: $0.36
• Consensus EPS: $0.36
• Beat/Miss: Met Expectations
• One Year Ago EPS: $0.35

Enerpac Tool Group Revenue Results

• Actual Revenue: $138.44 million
• Expected Revenue: $141.10 million
• Beat/Miss: Missed by -$2.66 million
• YoY Revenue Growth: N/A

Enerpac Tool Group Announcement Details

• Quarter: Q2 2024
• Date: 3/21/2024
• Time: After Market Closes

Enerpac Tool Group (NYSE:EPAC) manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets. It also offers branded tools and engineered heavy lifting technology solutions, and hydraulic torque wrenches; 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 textiles. 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 incorporated in 1910 and is headquartered in Menomonee Falls, Wisconsin.