Enerpac Tool Group (EPAC) Tops Q3 EPS by 10c

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Go back to Enerpac Tool Group (EPAC) Tops Q3 EPS by 10c

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

June 29, 2021 8:30 AM EDT

  Third Quarter of Fiscal 2021 Highlights*

Returned to year-over-year core growth in all regions. Net sales from continuing operations were $143 million for the third fiscal quarter ended May 31, 2021 compared to $121 million in the second quarter of fiscal 2021, a 19% sequential improvement. Industrial Tools & Services (IT&S) product core sales grew 44% year-over-year in the third quarter compared to a 10% year-over-year decline in the second quarter. Generated cash flow from operations of $12 million in the quarter ended May 31, 2021 compared to $13 million in the third quarter of fiscal 2020. Free cash flow was $35 million in the quarter ended May 31,... More