Enerpac Tool Group (EPAC) Misses Q4 EPS by 6c
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Enerpac Tool Group Reports Fourth Quarter Fiscal 2021 Results and Provides Guidance for Fiscal 2022
September 29, 2021 8:00 AM EDTFourth Quarter of Fiscal 2021 Highlights*
Net sales from continuing operations were $145 million in the fourth quarter of fiscal 2021, slightly lower than expectations due to continued supply chain challenges, logistics constraints and COVID related lockdowns, compared to $111 million in the comparable prior year period. Consolidated core sales for the quarter increased 28% year over year, with consolidated product sales increasing 23% and service sales increasing 55%. Foreign currency benefited net sales by 3%. Generated cash flow from operations of $29 million in the quarter ended August 31, 2021 compared to $13 million in the fourth quarter of fiscal 2020. Free cash... More