Enerpac Tool Group Reports Second Quarter 2020 Results
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Enerpac Tool Group (EPAC) Misses Q2 EPS by 3c, Revenues Miss
March 19, 2020 8:38 AM EDTEnerpac Tool Group (NYSE: EPAC) reported Q2 EPS of $0.09, $0.03 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $133 million versus the consensus estimate of $136.58 million.
Second Quarter of Fiscal 2020 Highlights*
Net sales from continuing operations were $133 million for the quarter. Core sales decreased 10% year-over-year, with product sales declining 4% and service sales declining 28%. The net impact on sales from acquisitions and divestitures/strategic exits was a reduction of 6% while foreign currency had a minimal impact on sales.GAAP operating margin from continuing operations was 6.4% for the quarter versus... More