Enerpac Tool Group Reports First Quarter Fiscal 2021 Results

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Go back to Enerpac Tool Group Reports First Quarter Fiscal 2021 Results

Enerpac Tool Group (EPAC) Reports In-Line Q1 EPS

December 21, 2020 8:31 AM EST

Enerpac Tool Group (NYSE: EPAC) reported Q1 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $119 million versus the consensus estimate of $124.34 million.

First Quarter of Fiscal 2021 Highlights*

First quarter fiscal 2021 results reflect sequential improvement from the fourth quarter of fiscal 2020 despite the continued impact of COVID-19.Net sales from continuing operations were $119 million for the quarter compared to $111 million from the fourth quarter of fiscal 2020, a 7% sequential improvement. Industrial Tools & Services (IT&S) segment sales increased 9% sequentially. IT&S product core sales... More