Enerpac Tool Group Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Enerpac Tool Group (NYSE:EPAC) Second Quarter 2024 Results
Key Financial Results
Revenue: US$138.4m (down 2.5% from 2Q 2023).
Net income: US$17.9m (up 150% from 2Q 2023).
Profit margin: 13% (up from 5.0% in 2Q 2023). The increase in margin was driven by lower expenses.
EPS: US$0.33 (up from US$0.13 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Enerpac Tool Group EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 22%.
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Machinery industry in the US.
Performance of the American Machinery industry.
The company's shares are up 5.4% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Enerpac Tool Group's balance sheet health.
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