NYSE$EPAC
Enerpac Tool Group Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Enerpac reported solid second quarter results with margin expansion and progress in operating efficiency.
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.
Headline financials
Revenue & EPS history
Enerpac · Revenue · Quarterly
$138M
Revenue by segment
Enerpac · $4.94M total across 1 segment · Q1 2024
- Other$4.94M-59.2%100.0%
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.
Tailwinds
- 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
Headwinds
- Based on key foreign exchange rate assumptions
- Assumes the absence of a broad-based global recession
- General economic uncertainty
- Market conditions in various industries
- Impact of geopolitical activity
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2024
-1.8%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-0.0%
Avg return
30 days after
33%
22 / 67 earnings
Positive
+14.9%
Q4 2023
Best reaction
-14.6%
Q1 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | -0.7% | -2.2% | — | |
| Q1 2026 | -8.9% | +1.5% | +3.7% | |
| Q4 2025 | +5.2% | +5.4% | -3.8% | |
| Q3 2025 | +0.9% | +0.2% | +13.0% | |
| Q2 2025 | +8.4% | +3.3% | -7.5% | |
| Q1 2025 | -5.2% | -10.4% | -6.5% | |
| Q4 2024 | -1.9% | +0.3% | +9.6% | |
| Q3 2024 | -2.8% | -0.8% | +4.1% | |
| Q2 2024 | +0.3% | +1.6% | +1.0% | |
| Q1 2024 | +3.9% | +10.3% | -0.2% | |
| Q4 2023 | +14.9% | +8.6% | +10.5% | |
| Q3 2023 | +1.8% | -3.6% | +0.1% | |
| Q2 2023 | -5.2% | -4.2% | -9.5% | |
| Q1 2023 | +5.4% | +6.2% | +2.4% | |
| Q4 2022 | +10.2% | +10.7% | +54.4% | |
| Q3 2022 | -5.6% | -5.9% | +2.4% | |
| Q2 2022 | +6.3% | +8.5% | +2.8% | |
| Q1 2022 | -10.7% | -8.5% | -16.3% | |
| Q4 2021 | -10.4% | -6.7% | -9.7% | |
| Q3 2021 | +6.2% | +9.0% | +3.1% | |
| Q2 2021 | -0.7% | +3.4% | +6.6% | |
| Q1 2021 | -4.4% | -4.1% | -2.5% | |
| Q4 2020 | -8.1% | -4.1% | -10.8% | |
| Q3 2020 | -2.7% | +2.6% | +12.1% | |
| Q2 2020 | -8.9% | -6.6% | -6.0% | |
| Q1 2020 | +2.4% | +1.0% | -6.1% | |
| Q4 2019 | -11.0% | -14.2% | -2.3% | |
| Q3 2019 | -0.7% | +2.8% | -4.9% | |
| Q2 2019 | -8.6% | -7.9% | +1.1% | |
| Q1 2019 | -14.6% | -16.4% | -1.9% | |
| Q4 2018 | -6.6% | -6.6% | -21.5% | |
| Q3 2018 | +13.7% | +12.9% | +7.9% | |
| Q2 2018 | -5.1% | -2.7% | +3.4% | |
| Q1 2018 | -11.1% | -10.5% | -5.5% | |
| Q4 2017 | -4.5% | -4.3% | -3.7% | |
| Q3 2017 | -0.6% | +3.7% | +3.7% | |
| Q2 2017 | -6.7% | -10.8% | -10.7% | |
| Q1 2017 | -3.9% | -5.3% | -4.2% | |
| Q4 2016 | +0.8% | +6.4% | +1.3% | |
| Q3 2016 | -7.9% | -19.8% | -10.6% | |
| Q2 2016 | +6.0% | — | — | |
| Q1 2016 | +5.3% | — | — | |
| Q4 2015 | +6.6% | — | — | |
| Q3 2015 | -2.3% | — | — | |
| Q2 2015 | +0.7% | — | — | |
| Q1 2015 | -6.4% | — | — | |
| Q4 2011 | +4.0% | — | — | |
| Q4 2014 | +0.7% | — | — | |
| Q3 2014 | -5.8% | — | — | |
| Q2 2014 | +2.0% | — | — | |
| Q1 2014 | -5.5% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | -2.7% | — | — | |
| Q2 2013 | -3.6% | — | — | |
| Q1 2013 | -5.8% | — | — | |
| Q1 2012 | -5.8% | — | — | |
| Q4 2012 | -4.1% | — | — | |
| Q3 2012 | -7.6% | — | — | |
| Q2 2012 | -1.6% | — | — | |
| Q4 2009 | -4.6% | — | — | |
| Q3 2010 | -2.7% | — | — | |
| Q3 2011 | -2.7% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q2 2010 | -3.4% | — | — | |
| Q1 2010 | -0.9% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q4 2010 | -0.9% | — | — |
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