EPAC - Why Enerpac Tool Group Shares Are Trading Higher Today | Benzinga

Enerpac Tool Group Corp (NYSE: EPAC) shares are trading higher by around 12% after the company reported Q4 FY23 results and issued FY24 guidance.

The company reported revenue from continuing operations of $160.6 million, up 6% Y/Y. Core sales grew 9%, with product sales up 14% Y/Y and service revenues down 12% Y/Y.

Adjusted EBITDA from continuing operations rose 31% Y/Y to $40.1 million, with a margin expansion of 480 basis points Y/Y to 24.9%.

Adjusted EPS from continuing operations of $0.42 came above the Full story available on Benzinga.com