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Stock impact report

Enerpac Tool Group Reports Second Quarter Fiscal 2024 Results and Affirms Full-Year Guidance

Enerpac Tool Group Corp. (EPAC) 
Last enerpac tool group corp. earnings: 3/19 08:30 am Check Earnings Report
Company Research Source: GlobeNewswire
Second Quarter of Fiscal 2024 Continuing Operations Highlights* Net sales were $138 million, a 2% decline year-over-year, due to the disposition of Cortland IndustrialOrganic sales increased 2% year-over-year**Gross margin expanded 200 basis points year-over-year to 51.6%Operating margin was 21.3% and adjusted operating margin was 22.8%Net earnings were $18 million, or $0.33 per share, and adjusted net earnings were $20 million, or $0.36 per shareAdjusted EBITDA was $34 million, an increase of 6% year-over-yearAdjusted EBITDA margin was 24.8%, an expansion of 210 basis points year-over-year *This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) in addition to non-GAAP financial measures. Reconciliations of the non-GAAP financial measures to the comparable GAAP measures are presented in the tables accompanying this release.**Organic sales, formerly referred to as core sales, represents net sales excluding the impact of Show less Read more
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