2023-06-21 16:33:45 ET
- Enerpac Tool press release ( NYSE: EPAC ): Q3 Non-GAAP EPS of $0.39.
- Revenue of $156.25M (+2.9% Y/Y), the strengthening of the US dollar reduced sales by 1% year over year.
- Adjusted operating margin was 21.7%
- Adjusted EBITDA margin was 24.0%, up from 12.0% in the prior-year period
- Leverage (Net Debt to Adjusted EBITDA) was 1.0x at May 31, 2023
- Repurchased 0.8 million additional shares for approximately $21 million
- Outlook: Taking into consideration our solid year-to-date performance, the success of our ASCEND transformation program, and our view on the remainder of the fiscal year, we are updating our expectations for full-year net sales to the high end of the previously disclosed range at $590-600 million, and we are increasing our expected adjusted EBITDA range to $123 to $130 million. Our guidance is based on current foreign exchange rates and assumes that there is not a broad-based recession.
For further details see:
Enerpac Tool Non-GAAP EPS of $0.39, revenue of $156.25M