Enerpac Tool Group Q1 2025: Assets Stable, Shares Unchanged
Ticker: EPAC · Form: 10-Q · Filed: Dec 20, 2024 · CIK: 6955
Sentiment: neutral
Topics: 10-Q, financials, assets, shares
TL;DR
EPAC Q1 assets flat at $54.4M, shares steady. All good.
AI Summary
Enerpac Tool Group Corp. reported its first quarter results for the period ending November 30, 2024. The company's total assets were $54,400,216 as of November 30, 2024, a slight increase from $54,234,660 as of August 31, 2024. The filing also indicates a total of 54,400,217 shares outstanding.
Why It Matters
This filing provides a snapshot of Enerpac's financial health at the start of its fiscal year, indicating stability in assets and share count.
Risk Assessment
Risk Level: low — The filing is a routine quarterly report with no immediate red flags or significant negative developments.
Key Numbers
- $54.4M — Total Assets (As of November 30, 2024, showing slight growth from the previous fiscal year end.)
- 54.4M — Shares Outstanding (Indicates no significant dilution or buybacks in the reported period.)
Key Players & Entities
- ENERPAC TOOL GROUP CORP (company) — Filer
- 20241130 (date) — Period of Report
- $54,400,216 (dollar_amount) — Total assets as of November 30, 2024
- $54,234,660 (dollar_amount) — Total assets as of August 31, 2024
- 54,400,217 (dollar_amount) — Shares outstanding
FAQ
What were the total assets of Enerpac Tool Group Corp. as of November 30, 2024?
As of November 30, 2024, Enerpac Tool Group Corp.'s total assets were $54,400,216.
How did the total assets change from the end of the previous fiscal year to the end of the first quarter?
Total assets increased slightly from $54,234,660 as of August 31, 2024, to $54,400,216 as of November 30, 2024.
What is the total number of common shares outstanding for Enerpac Tool Group Corp. as of November 30, 2024?
There were 54,400,217 common shares outstanding as of November 30, 2024.
What is the filing date for this 10-Q report?
This 10-Q report was filed on December 20, 2024.
What is the fiscal year end for Enerpac Tool Group Corp.?
Enerpac Tool Group Corp.'s fiscal year ends on August 31.
Filing Stats: 4,503 words · 18 min read · ~15 pages · Grade level 18.4 · Accepted 2024-12-20 12:41:21
Key Financial Figures
- $0.20 — which registered Class A common stock, $0.20 par value per share EPAC NYSE Indicat
Filing Documents
- epac-20241130.htm (10-Q) — 870KB
- epac10-q11302024ex311.htm (EX-31.1) — 10KB
- epac10-q11302024ex312.htm (EX-31.2) — 10KB
- epac10-q11302024ex321.htm (EX-32.1) — 4KB
- epac10-q11302024ex322.htm (EX-32.2) — 4KB
- 0000006955-24-000054.txt ( ) — 6617KB
- epac-20241130.xsd (EX-101.SCH) — 50KB
- epac-20241130_cal.xml (EX-101.CAL) — 62KB
- epac-20241130_def.xml (EX-101.DEF) — 270KB
- epac-20241130_lab.xml (EX-101.LAB) — 564KB
- epac-20241130_pre.xml (EX-101.PRE) — 449KB
- epac-20241130_htm.xml (XML) — 963KB
Forward-Looking Statements and Cautionary Factors
Forward-Looking Statements and Cautionary Factors 1
—Financial Information
Part I—Financial Information
—Condensed Consolidated Financial Statements (Unaudited)
Item 1—Condensed Consolidated Financial Statements (Unaudited) Condensed Consolidated Statements of Earnings 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Balance Sheets 5 Condensed Consolidated Statements of Cash Flows 6 Notes to the Condensed Consolidated Financial Statements 7
—Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2—Management's Discussion and Analysis of Financial Condition and Results of Operations 18
—Quantitative and Qualitative Disclosures about Market Risk
Item 3—Quantitative and Qualitative Disclosures about Market Risk 22
—Controls and Procedures
Item 4—Controls and Procedures 23
—Other Information
Part II—Other Information
—Unregistered Sales of Equity Securities and Use of Proceeds
Item 2—Unregistered Sales of Equity Securities and Use of Proceeds 24
— Other Information
Item 5 — Other Information 24
FORWARD-LOOKING STATEMENTS AND CAUTIONARY FACTORS
FORWARD-LOOKING STATEMENTS AND CAUTIONARY FACTORS This quarterly report on Form 10-Q contains certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. The terms "may," "should," "could," "anticipate," "believe," "estimate," "expect," "objective," "plan," "project" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements include statements regarding expected financial results and other planned events, including, but not limited to, anticipated liquidity, anticipated restructuring costs and related savings, anticipated future charges and anticipated capital expenditures. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual future events or results may differ materially from these statements. We disclaim any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason. The following is a list of factors, among others, that could cause actual results to differ materially from the forward-looking statements: supply chain issues, including shortages of adequate component supply or that increase our costs or cause delays in our ability to fulfill orders; failure to estimate customer demand properly may result or could have an adverse impact on our business and operating results and our relationship with customers; the deterioration of, or instability in, the domestic and international economy and challenging end-market conditions, including as a result of geopolitical activity, including but not limited to, the invasion of Ukraine by Russia and international sanctions imposed in response thereto, as well as armed conflicts in the Middle East; decreased demand from customers in the oil & gas industry, including as a r
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
—Financial Statements
Item 1—Financial Statements ENERPAC TOOL GROUP CORP. CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (In thousands, except per share amounts) (Unaudited) Three Months Ended November 30, 2024 2023 Net sales $ 145,196 $ 141,970 Cost of products sold 70,544 67,720 Gross profit 74,652 74,250 Selling, general and administrative expenses 42,318 42,216 Amortization of intangible assets 1,202 824 Restructuring charges — 2,401 Impairment & divestiture charges — 147 Operating profit 31,132 28,662 Financing costs, net 2,770 3,697 Other expense, net 487 991 Earnings before income tax expense 27,875 23,974 Income tax expense 6,152 5,669 Net earnings from continuing operations 21,723 18,305 Earnings (loss) from discontinued operations, net of income taxes — ( 567 ) Net earnings $ 21,723 $ 17,738 Earnings per share from continuing operations Basic $ 0.40 $ 0.34 Diluted $ 0.40 $ 0.33 Earnings (loss) per share from discontinued operations Basic $ — $ ( 0.01 ) Diluted $ — $ ( 0.01 ) Earnings per share Basic $ 0.40 $ 0.33 Diluted $ 0.40 $ 0.32 Weighted average common shares outstanding Basic 54,242 54,527 Diluted 54,812 55,008 The accompanying notes are an integral part of these condensed consolidated financial statements. 3 ENERPAC TOOL GROUP CORP. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands) (Unaudited) Three Months Ended November 30, 2024 2023 Net earnings $ 21,723 $ 17,738 Other comprehensive (loss) income, net of tax Foreign currency translation adjustments ( 10,046 ) 903 Pension and other postretirement benefit plans 298 156 Cash flow hedges 72 ( 689 ) Total other comprehensive (loss) income, net of tax ( 9,676 ) 370 Comprehensive income $ 12,047 $ 18,108 The accompanying notes are an integral part of these condensed consolidated financial statements. 4 ENERPAC TOOL GROUP CORP. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share and per share amounts) (Unaudited) November