Enerpac Tool Group Reports Second Quarter Fiscal 2021 Results and Provides Outlook for Remainder of Fiscal Year
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Enerpac Tool Group (EPAC) Misses Q2 EPS by 6c, Revenues Miss
March 24, 2021 8:33 AM EDTEnerpac Tool Group (NYSE: EPAC) reported Q2 EPS of $0.06, $0.06 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $120.7 million versus the consensus estimate of $125.92 million.
Second Quarter of Fiscal 2021 Highlights*
Achieved continued sequential improvement over the first quarter, breaking the normal second quarter seasonal trends. Given continued improvement in market conditions, providing second half of fiscal 2021 revenue expectations of $280 million to $290 million. Anticipate incremental adjusted EBITDA margins on the high end of 35%-45%, excluding the impact of currency.Net sales from continuing operations were $121 million for the... More