Enerpac Tool Group Corp

NYSE:EPACUnited States

Oct 16, 2024

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• Press Release: CORRECTION -- Enerpac Tool Group Reports Fourth Quarter and Full-Year Fiscal 2024 Results; Introduces Full-Year Fiscal 2025 Outlook, from 2:00PM ET on Wednesday Oct 16, 2024 by Dow Jones

  2:00PM ET on Wednesday Oct 16, 2024 by Dow Jones
  Companies Mentioned: EPAC
  charges 400 202 90 90 783 - - - - - M&A charges - 196 166 653 1,015 - - - 121 121 ASCEND transformation program charges 9,419 11,372 5,947 8,681 35,419 1,229 1,607 2,042 2,168 7,047 Accelerated debt issuance costs 317 - - - 317 - - - - - Net tax effect of reconciling items above (719) (1,652) (3,197) (4,408) (9,976) (411) (185) (666) (1,683) (2,945) Other income tax expense - 144 - - 144 - 137 - - 137 Adjusted Net Earnings from Continuing Operations $16,808 $ 20,407 $22,234 $23,427 $82,877 $21,671 $19,828 $25,592 $27,465 $ 94,557 ====== ======= ====== ====== ====== ====== ====== ====== ====== ======= Adjusted Diluted Earnings per share (4) Net Earnings $ 0.13 $ 0.08 $ 0.22 $ 0.40 $ 0.82 $ 0.32 $ 0.33 $ 0.47 $ 0.44 $ 1.56 Earnings (loss) from Discontinued Operations, net of income tax 0.02 (0.05) (0.08) (0.02) (0.12) (0.01) (0.00) 0.06 0.02 0.06 Net Earnings from Continuing Operations $ 0.11 $ 0.12 $ 0.30 $ 0.41 $ 0.94 $ 0.33 $ 0.33 $ 0.41 $ 0.43 $ 1.50 Impairment & divestiture (benefit) charges, net of tax effect - - - (0.11) (0.11) 0.00 - - - 0.00 Restructuring charges (1), net of tax effect 0.02 0.05 0.03 0.01 0.11 0.04 0.00 0.02 0.04 0.11 Leadership transition charges, net of tax effect 0.01 0.00 0.00 0.00 0.01 - - - - - M&A charges, net of tax effect - 0.00 0.00 0.01 0.01 - - - 0.00 0.00 ASCEND transformation program charges, net of tax effect 0.15 0.17 0.06 0.10 0.48 0.02 0.03 0.03 0.03 0.11 Accelerated debt issuance costs, net of tax effect 0.01 0.00 0.00 0.00 0.00 - - - - - Other income tax expense - 0.00 - - - - 0.00 - - 0.00 Adjusted Diluted Earnings per share from Continuing Operations $ 0.29 $ 0.35 $ 0.39 $ 0.42 $ 1.45 $ 0.39 $ 0.36 $ 0.47 $ 0.50 $ 1.72 ====== ======= ====== ====== ====== ====== ====== ====== ====== ======= Free Cash Flow Cash provided by (used in) operating activities $17,533 $ (7,756) $17,254 $50,572 $77,603 $(6,675) $13,327 $30,306 $44,361 $ 81,319 Capital expenditures (2,535) (2,346) (2,915) (919) (8,715) (1,567) (1,585) (1,818) (6,441) (11,411) Free Cash Flow $14,998 $(10,102) $14,339 $49,653 $68,888 $(8,242) $11,742 $28,488 $37,920 $ 69,908 ====== ======= ====== ====== ====== ====== ====== ====== ====== ======= Notes continued: (4) Adjusted earnings from continuing operations and adjusted diluted earnings per share represent net earnings and diluted earnings per share per the Condensed Consolidated Statements of Earnings net of charges or credits for items to be highlighted for comparability purposes. These measures are not calculated based upon GAAP and should not be considered as an alternative to net earnings or diluted earnings per share or as an indicator of the Company's operating performance. However, this presentation is important to investors for understanding the operating results of the current portfolio of Enerpac Tool Group companies. For all reconciliations of GAAP measures to Non-GAAP measures, the summation of the individual components may not equal the total due to rounding. With respect to the earnings per share reconciliations the impact of share dilution on the calculation of the net earnings or loss per share and discontinued operations per share may result in the summation of these components not equaling the total earnings per share from continuing operations. Enerpac Tool Group Corp. Supplemental Unaudited Data Reconciliation of GAAP To Non-GAAP Guidance (In millions) Fiscal 2025 ----------------- Low High -------- ------- Reconciliation of Continued Operations GAAP Operating Profit To Adjusted EBITDA (5) GAAP Operating profit $ 135 $147 Other expense, net (1) (1) Depreciation & amortization 16 14 Adjusted EBITDA $ 150 $160 === === Reconciliation of GAAP Cash Flow From Operations to Free Cash Flow Cash provided by operating activities $ 61 $ 76 Capital expenditures 24 19 Free Cash Flow Guidance $ 85 $ 95 === === Notes continued: (5) Management does not provide guidance on GAAP financial measures as we are unable to predict and estimate with certainty items such as potential impairments, refinancing costs, business divestiture gains/losses, discrete tax adjustments, or other items impacting GAAP financial metrics. As a result, we have included above only those items about which we are aware and are reasonably likely to occur during the guidance period covered.
  

• CORRECTION -- Enerpac Tool Group Reports Fourth Quarter and Full-Year Fiscal 2024 Results; Introduces Full-Year Fiscal 2025 Outlook, from 2:00PM ET on Wednesday Oct 16, 2024 by Dow Jones

  2:00PM ET on Wednesday Oct 16, 2024 by Dow Jones
  Companies Mentioned: EPAC
  charges 400 202 90 90 783 - - - - - M&A charges - 196 166 653 1,015 - - - 121 121 ASCEND transformation program charges 9,419 11,372 5,947 8,681 35,419 1,229 1,607 2,042 2,168 7,047 Accelerated debt issuance costs 317 - - - 317 - - - - - Net tax effect of reconciling items above (719) (1,652) (3,197) (4,408) (9,976) (411) (185) (666) (1,683) (2,945) Other income tax expense - 144 - - 144 - 137 - - 137 Adjusted Net Earnings from Continuing Operations $16,808 $ 20,407 $22,234 $23,427 $82,877 $21,671 $19,828 $25,592 $27,465 $ 94,557 ====== ======= ====== ====== ====== ====== ====== ====== ====== ======= Adjusted Diluted Earnings per share (4) Net Earnings $ 0.13 $ 0.08 $ 0.22 $ 0.40 $ 0.82 $ 0.32 $ 0.33 $ 0.47 $ 0.44 $ 1.56 Earnings (loss) from Discontinued Operations, net of income tax 0.02 (0.05) (0.08) (0.02) (0.12) (0.01) (0.00) 0.06 0.02 0.06 Net Earnings from Continuing Operations $ 0.11 $ 0.12 $ 0.30 $ 0.41 $ 0.94 $ 0.33 $ 0.33 $ 0.41 $ 0.43 $ 1.50 Impairment & divestiture (benefit) charges, net of tax effect - - - (0.11) (0.11) 0.00 - - - 0.00 Restructuring charges (1), net of tax effect 0.02 0.05 0.03 0.01 0.11 0.04 0.00 0.02 0.04 0.11 Leadership transition charges, net of tax effect 0.01 0.00 0.00 0.00 0.01 - - - - - M&A charges, net of tax effect - 0.00 0.00 0.01 0.01 - - - 0.00 0.00 ASCEND transformation program charges, net of tax effect 0.15 0.17 0.06 0.10 0.48 0.02 0.03 0.03 0.03 0.11 Accelerated debt issuance costs, net of tax effect 0.01 0.00 0.00 0.00 0.00 - - - - - Other income tax expense - 0.00 - - - - 0.00 - - 0.00 Adjusted Diluted Earnings per share from Continuing Operations $ 0.29 $ 0.35 $ 0.39 $ 0.42 $ 1.45 $ 0.39 $ 0.36 $ 0.47 $ 0.50 $ 1.72 ====== ======= ====== ====== ====== ====== ====== ====== ====== ======= Free Cash Flow Cash provided by (used in) operating activities $17,533 $ (7,756) $17,254 $50,572 $77,603 $(6,675) $13,327 $30,306 $44,361 $ 81,319 Capital expenditures (2,535) (2,346) (2,915) (919) (8,715) (1,567) (1,585) (1,818) (6,441) (11,411) Free Cash Flow $14,998 $(10,102) $14,339 $49,653 $68,888 $(8,242) $11,742 $28,488 $37,920 $ 69,908 ====== ======= ====== ====== ====== ====== ====== ====== ====== ======= Notes continued: (4) Adjusted earnings from continuing operations and adjusted diluted earnings per share represent net earnings and diluted earnings per share per the Condensed Consolidated Statements of Earnings net of charges or credits for items to be highlighted for comparability purposes. These measures are not calculated based upon GAAP and should not be considered as an alternative to net earnings or diluted earnings per share or as an indicator of the Company's operating performance. However, this presentation is important to investors for understanding the operating results of the current portfolio of Enerpac Tool Group companies. For all reconciliations of GAAP measures to Non-GAAP measures, the summation of the individual components may not equal the total due to rounding. With respect to the earnings per share reconciliations the impact of share dilution on the calculation of the net earnings or loss per share and discontinued operations per share may result in the summation of these components not equaling the total earnings per share from continuing operations. Enerpac Tool Group Corp. Supplemental Unaudited Data Reconciliation of GAAP To Non-GAAP Guidance (In millions) Fiscal 2025 ----------------- Low High -------- ------- Reconciliation of Continued Operations GAAP Operating Profit To Adjusted EBITDA (5) GAAP Operating profit $ 135 $147 Other expense, net (1) (1) Depreciation & amortization 16 14 Adjusted EBITDA $ 150 $160 === === Reconciliation of GAAP Cash Flow From Operations to Free Cash Flow Cash provided by operating activities $ 61 $ 76 Capital expenditures 24 19 Free Cash Flow Guidance $ 85 $ 95 === === Notes continued: (5) Management does not provide guidance on GAAP financial measures as we are unable to predict and estimate with certainty items such as potential impairments, refinancing costs, business divestiture gains/losses, discrete tax adjustments, or other items impacting GAAP financial metrics. As a result, we have included above only those items about which we are aware and are reasonably likely to occur during the guidance period covered.
  

• DJ Enerpac Tool Group Down Over 5%, on Pace for Largest Percent Decrease Since June 2023 -- Data Talk, from 11:53AM ET on Wednesday Oct 16, 2024 by Dow Jones

  11:53AM ET on Wednesday Oct 16, 2024 by Dow Jones
  Companies Mentioned: EPAC
  
  Enerpac Tool Group Corp Class A (EPAC) is currently at $41.34, down $2.19 or 5.03%
  
  --Would be lowest close since Sept. 13, 2024, when it closed at $41.21
  
  --On pace for largest percent decrease since June 23, 2023, when it fell 8.08%