Enerpac Tool Group (EPAC) Tops Q3 EPS by 10c
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Enerpac Tool Group Reports Third Quarter Fiscal 2021 Results and Provides Outlook for Remainder of Fiscal Year
June 29, 2021 8:30 AM EDTÂ Â 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