Enerpac Tool Group Corp (NYSE: EPAC), a global leader in industrial tools and services, has reported an increase in net sales for the third quarter of 2023, as stated in a recent SEC filing. The filing shows the company’s growth and stability during a challenging economic landscape, highlighting its resilience and adaptability amidst various market uncertainties.
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In the 2023 SEC filing, Enerpac Tool Group Corp reported its net sales of $27,402,654, showing an increase from the previous year’s $26,558,965.
This growth in net sales indicates that the company has been able to maintain its competitiveness within the industry, even as other businesses face disruption due to supply chain issues, economic downturns, and geopolitical tensions.
A variety of factors may have contributed to EPAC’s increase in net sales during the third quarter of 2023. The company has taken strategic measures to diversify its products and services, expanding its customer base across different industries. By recognizing and adapting to changing market conditions, Enerpac Tool Group Corp has positioned itself for continued growth and success.
Additionally, the company’s ability to manage operations effectively through restructuring and transformation programs has played a critical role in achieving increased net sales. The adoption of the ASCEND transformation program, for example, has positively impacted the company’s ability to achieve improved operational efficiency. By focusing on optimizing its supply chain, reducing costs, and innovating products, EPAC has solidified its presence within the industry.
Despite the positive results, Enerpac Tool Group Corp will need to navigate ongoing challenges as they arise, such as global freight capacity shortages and significant increases in freight costs.
These factors could potentially impact the company’s ability to fulfill orders promptly and cost-effectively.
Looking ahead, EPAC plans to continue its focus on expanding its range of products and services while maintaining a strong global presence.
By leveraging innovative technologies and driving operational efficiency, the company aims to cater to the ever-evolving needs of its customers across different industries.
As the global economy continues to experience uncertainties and disruptions, Enerpac Tool Group Corp’s ability to adapt and stay ahead of market changes serves as a strong testament to its leadership within the industry. The company’s resilience and strategic focus on growth will be integral to its success in the coming years.
In conclusion, Enerpac Tool Group Corp’s recent SEC filing showcases the company’s continued growth and stability within a challenging economic landscape. Through constant innovation, diversification of its product portfolio, and strategic initiatives such as the ASCEND transformation program, EPAC remains well-positioned for sustainable growth in the future. Investors and stakeholders can be optimistic about the company’s prospects as it navigates the ever-changing global market.
Income Statement
Financials in millions USD. Fiscal year is September – August. source
| Year | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 – 1995 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | Revenue | 571.22 | 528.66 | 493.29 | 654.76 | 641.3 | 1095.78 | 1149.41 | 1249.25 | 1399.86 | 1279.74 | Upgrade |
| 1 | Revenue Growth (YoY) | 8.05% | 7.17% | -24.66% | 2.10% | -41.48% | -4.67% | -7.99% | -10.76% | 9.39% | 0.25% | Upgrade |
| 2 | Cost of Revenue | 305.84 | 285.5 | 276.1 | 362.11 | 358.02 | 716.07 | 746.01 | 787.41 | 852.99 | 772.79 | Upgrade |
| 3 | Gross Profit | 265.39 | 243.16 | 217.19 | 292.65 | 283.28 | 379.72 | 403.4 | 461.84 | 546.87 | 506.95 | Upgrade |
| 4 | Selling, General & Admin | 216.87 | 175.28 | 180.51 | 209.23 | 210.26 | 277.49 | 274.5 | 299.6 | 332.09 | 293.87 | Upgrade |
| 5 | Other Operating Expenses | 17.85 | 16.77 | 12.5 | 35.91 | 22.82 | 152.47 | 229.12 | 108.69 | 25.17 | 22.94 | Upgrade |
| 6 | Operating Expenses | 234.73 | 192.04 | 193.01 | 245.14 | 233.08 | 429.95 | 503.61 | 408.29 | 357.26 | 316.81 | Upgrade |
| 7 | Operating Income | 30.66 | 51.11 | 24.18 | 47.52 | 50.21 | -50.24 | -100.22 | 53.55 | 189.61 | 190.15 | Upgrade |
| 8 | Interest Expense / Income | 4.39 | 5.27 | 19.22 | 28.16 | 30.87 | 29.7 | 28.77 | 28.06 | 25.05 | 24.84 | Upgrade |
| 9 | Other Expense / Income | 6.19 | 4.01 | 1.95 | 257.84 | 26.53 | 2.75 | 1.36 | 0.11 | -31.58 | 119.89 | Upgrade |
| 10 | Pretax Income | 20.09 | 41.84 | 3.02 | -238.49 | -7.2 | -82.69 | -130.34 | 25.39 | 196.15 | 45.42 | Upgrade |
| 11 | Income Tax | 4.4 | 3.76 | 2.29 | 10.66 | 14.45 | -16.48 | -25.17 | 5.52 | 32.57 | 15.37 | Upgrade |
| 12 | Net Income | 15.69 | 38.08 | 0.72 | -249.15 | -21.65 | -66.21 | -105.17 | 19.87 | 163.57 | 30.05 | Upgrade |
| 13 | Net Income Growth | -58.80% | 5166.53% | – | – | – | – | – | -87.85% | 444.37% | -65.58% | Upgrade |
| 14 | Shares Outstanding (Basic) | 60 | 60 | 60 | 61 | 60 | 59 | 59 | 61 | 71 | 73 | Upgrade |
| 15 | Shares Outstanding (Diluted) | 60 | 60 | 60 | 62 | 61 | 59 | 59 | 62 | 72 | 75 | Upgrade |
| 16 | Shares Change | -0.82% | 0.22% | -2.17% | 0.95% | 2.68% | 0.72% | -4.91% | -14.39% | -2.81% | -0.48% | Upgrade |
| 17 | EPS (Basic) | 0.26 | 0.63 | 0.01 | -4.07 | -0.36 | -1.11 | -1.78 | 0.32 | 2.31 | 0.41 | Upgrade |
| 18 | EPS (Diluted) | 0.26 | 0.63 | 0.01 | -4.04 | -0.35 | -1.11 | -1.78 | 0.32 | 2.26 | 0.40 | Upgrade |
| 19 | EPS Growth | -58.73% | 6200.00% | – | – | – | – | – | -85.84% | 465.00% | -65.81% | Upgrade |
| 20 | Free Cash Flow Per Share | 0.75 | 1.08 | -0.24 | 0.66 | 1.57 | 1.02 | 1.81 | 1.80 | 1.81 | 2.35 | Upgrade |
| 21 | Dividend Per Share | 0.040 | 0.040 | 0.040 | 0.040 | 0.040 | 0.040 | 0.040 | 0.040 | 0.040 | 0.040 | Upgrade |
| 22 | Gross Margin | 46.46% | 45.99% | 44.03% | 44.70% | 44.17% | 34.65% | 35.10% | 36.97% | 39.07% | 39.61% | Upgrade |
| 23 | Operating Margin | 5.37% | 9.67% | 4.90% | 7.26% | 7.83% | -4.58% | -8.72% | 4.29% | 13.55% | 14.86% | Upgrade |
| 24 | Profit Margin | 2.75% | 7.20% | 0.15% | -38.05% | -3.38% | -6.04% | -9.15% | 1.59% | 11.68% | 2.35% | Upgrade |
| 25 | Free Cash Flow Margin | 7.79% | 12.21% | -2.94% | 6.17% | 14.84% | 5.56% | 9.29% | 8.82% | 9.19% | 13.42% | Upgrade |
| 26 | Effective Tax Rate | 21.91% | 8.99% | 76.02% | – | – | – | – | 21.74% | 16.61% | 33.84% | Upgrade |
| 27 | EBITDA | 44.07 | 68.72 | 42.95 | -190.11 | 44.08 | -9.88 | -53.8 | 106.69 | 281.83 | 124.16 | Upgrade |
| 28 | EBITDA Margin | 7.72% | 13.00% | 8.71% | -29.03% | 6.87% | -0.90% | -4.68% | 8.54% | 20.13% | 9.70% | Upgrade |
| 29 | Depreciation & Amortization | 19.6 | 21.61 | 20.72 | 20.22 | 20.41 | 43.11 | 47.78 | 53.24 | 60.64 | 53.9 | Upgrade |
| 30 | EBIT | 24.47 | 47.11 | 22.23 | -210.33 | 23.67 | -52.99 | -101.58 | 53.45 | 221.19 | 70.26 | Upgrade |
| 31 | EBIT Margin | 4.28% | 8.91% | 4.51% | -32.12% | 3.69% | -4.84% | -8.84% | 4.28% | 15.80% | 5.49% | Upgrade |
Note that we may hold securities mentioned in this article. All data is based on recent SEC filings. Even though we have implemented various manual and automatic fact-checking and data acquisition processes, some incorrect information may have slipped through (false positive). Let us know if you find any inconsistencies!