From GlobeNewswire: 2024-12-18 16:30:00

Enerpac Tool Group Corp. announced its first-quarter fiscal 2025 results. Net sales were $145 million, up 2.3% from the prior year, with a 0.8% decline in organic sales. Operating margin was 21.4%, adjusted net income was $21.9 million, and adjusted EBITDA was $34.3 million. The company completed the acquisition of DTA and integration is progressing well.

In the first quarter of fiscal 2025, Enerpac’s net sales increased to $145.2 million, a 2.3% rise from the prior year, with organic sales declining by 0.8%. Gross profit margin decreased by 90 basis points to 51.4%, while operating profit rose by 9% to $31.1 million. Adjusted EBITDA margin was 23.6%, down 100 basis points year-over-year.

The Industrial Tools & Services (IT&S) segment saw net sales of $140.1 million, up 2.3% year-over-year, with an organic sales decline of 1.0%. Operating profit margin increased to 27.1%. The acquisition of DTA contributed to the segment’s growth. Corporate expenses were lower at $8.2 million for the quarter.

Enerpac completed the acquisition of DTA, a company specializing in automated horizontal movement products, to enhance its Heavy Lifting Technology portfolio. With integration underway, the company aims to leverage its global sales network to expand DTA’s sales outside of Europe. Corporate expenses for the first quarter of fiscal 2025 were $8.2 million.

The balance sheet on November 30, 2024, showed a cash balance of $130.7 million and a debt balance of $193.3 million. Net debt was $62.6 million, resulting in a net debt to adjusted EBITDA ratio of 0.5x. Enerpac repurchased around 110,000 shares of its common stock in the quarter.

Enerpac maintains its full-year fiscal 2025 guidance, projecting total revenue between $610 million to $625 million. Organic sales growth is expected to be around 0% to 2%, with adjusted EBITDA in the range of $150 million to $160 million. Free cash flow is forecasted to be between $85 million to $95 million, based on key foreign exchange rate assumptions.



Read more at GlobeNewswire:: Enerpac Tool Group Reports First Quarter Fiscal 2025