2023-03-22 00:35:04 ET
- Enerpac Tool press release ( NYSE: EPAC ): FQ2 Non-GAAP EPS of $0.35.
- Revenue of $142M (+4.0% Y/Y).
- GAAP operating margin was 9.8% and adjusted operating margin was 20.2%.
- Adjusted EBITDA margin was 22.7%, an increase of nearly 1,100 basis points year over year.
- Raises full year fiscal 2023 guidance:
- "We now expect full-year net sales of $580 to $600 million and an adjusted EBITDA range of $118 to $128 million, including an ASCEND EBITDA benefit of $32 to $38 million. Our original guidance included $15 million of EBITDA from initiatives that have now matured through our ASCEND pipeline, and will be attributable to ASCEND, but that are not incremental to our guidance."
For further details see:
Enerpac Tool reports FQ2 earnings; raises FY23 outlook