Enerpac Tool Group Corp. ( (EPAC) ) has released its Q2 earnings. Here is a breakdown of the information Enerpac Tool Group Corp. presented to its investors.
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Enerpac Tool Group Corp. is a leading provider of industrial tools, services, technology, and solutions, specializing in high-pressure hydraulic tools and controlled force products for mission-critical applications across more than 100 countries. In its second quarter of fiscal 2025, Enerpac Tool Group reported net sales of $146 million, marking a 5.1% increase from the previous year, with organic sales growth contributing significantly to this rise. The company achieved a net earnings of $20.9 million, or $0.38 per diluted share, and an adjusted EBITDA of $33.8 million, reflecting a strong performance despite a challenging industrial sector environment. Key highlights from the report include a 5% organic sales growth, driven by a 4.2% increase in the Industrial Tools & Services segment and a 33.1% growth at Cortland Biomedical. However, the gross profit margin saw a decline due to a shift in product sales mix. The company also returned $10 million to shareholders through share repurchases, maintaining a robust balance sheet with a net debt to adjusted EBITDA ratio of 0.5x. Looking ahead, Enerpac Tool Group remains cautiously optimistic, reiterating its full-year guidance with anticipated sales growth of 5% at the midpoint, despite macroeconomic uncertainties. The company projects net sales between $610 million and $625 million for fiscal 2025, with a focus on achieving steady organic growth and maintaining profitability.