Enerpac Tool Group Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Enerpac Tool Group (NYSE:EPAC) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$138.4m (down 2.5% from 2Q 2023).
• Net income: US$17.9m (up 150% from 2Q 2023).
• Profit margin: 13% (up from 5.0% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$0.33 (up from US$0.13 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Enerpac Tool Group EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 1.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Enerpac Tool Group's balance sheet and an in-depth analysis of the company's financial position.

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