Enerpac Tool Group (EPAC) Tops Q2 EPS by 1c
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Enerpac Tool Group Reports Second Quarter Fiscal 2022 Results
March 23, 2022 8:30 AM EDTSecond Quarter of Fiscal 2022 Continuing Operations Highlights*
Net sales were $137 million, representing a 16% year-over-year increase in core sales GAAP operating margin was 3.3% and adjusted operating margin was 8.5% Adjusted EBITDA margin was 12.0% GAAP diluted earnings per share (EPS) was $0.03 and adjusted diluted EPS was $0.14 Leverage (Net Debt to Adjusted EBITDA) was 0.6x at February 28, 2022 Suspended sales into Russia in March to ensure compliance with sanctions imposed by NATO nations Updated full year guidance for fiscal 2022 Launching ASCEND transformation program and announcing new share repurchase authorization to enhance... More