Enerpac Tool GroupNYSE: EPAC

MILWAUKEE, July 01, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE:EPAC) (“Enerpac” or the “Company”) announced today that Eric Chack will join the Company as EVP – Operations, effective July 22. He will be responsible for all aspects of Enerpac's global operations including oversight for manufacturing, procurement, logistics, continuous improvement, quality, and reliability. Mr. Chack will report to Paul Sternlieb, President & CEO of Enerpac Tool Group, and will serve on the Company's executive leadership team.

Third Quarter of Fiscal 2024 Continuing Operations Highlights * Net sales were $150 million, a 4% decline year-over-year, due to the disposition of Cortland Industrial Organic sales increased 1.2% year-over-year * * Gross margin expanded 200 basis points year-over-year to 51.8% Operating margin was 22.2% and adjusted operating margin was 24.6% Net earnings were $23 million, or $0.41 per share, and adjusted net earnings were $26 million, or $0.47 per share Adjusted EBITDA was $40 million, an increase of 6% year-over-year Adjusted EBITDA margin was 26.4%, an expansion of 240 basis points year-over-year Narrowing full-year organic revenue growth to 2% to 3% and raising the midpoint of adjusted EBITDA guidance * This press release contains financial measures in accordance with U . S . Generally Accepted Accounting Principles (“GAAP”) in addition to non-GAAP financial measures.

With U.S. stock futures trading slightly higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:

MILWAUKEE, June 04, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) announced today that it will release its third quarter fiscal 2024 earnings after the market closes on Monday, June 24, 2024. Management will conduct a conference call to discuss the results on Tuesday, June 25, 2024, beginning at 8:30 a.m. ET / 7:30 a.m. CT.

The Zacks Manufacturing-Tools & Related Products sector has been benefitting from growth in various end markets and a steady supply chain. SWK, LECO, and EPAC are standout stocks in this industry.

Invest in companies like Interface (TILE), International Seaways (INSW) and Enerpac Tool Group (EPAC) to make the most of higher efficiency levels.

Persistent slowdown in the manufacturing sector weighs on the Zacks Manufacturing-Tools & Related Products industry's near-term prospects. However, LECO, SWK and EPAC are well-positioned to capitalize on improving supply chains.

Here is how Enerpac (EPAC) and Horiba Ltd. (HRIBF) have performed compared to their sector so far this year.

Enerpac (EPAC) is well positioned to outperform the market, as it exhibits above-average growth in financials.