Enerpac Tool Group Reports Second Quarter Fiscal 2021 Results and Provides Outlook for Remainder of Fiscal Year

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Go back to Enerpac Tool Group Reports Second Quarter Fiscal 2021 Results and Provides Outlook for Remainder of Fiscal Year

Enerpac Tool Group (EPAC) Misses Q2 EPS by 6c, Revenues Miss

March 24, 2021 8:33 AM EDT

Enerpac 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