Enerpac Tool Group Third Quarter 2024 Earnings: EPS: US$0.42 (vs US$0.30 in 3Q 2023)

Simply Wall St · 07/01 10:04

Enerpac Tool Group (NYSE:EPAC) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$150.4m (down 3.8% from 3Q 2023).
  • Net income: US$22.6m (up 33% from 3Q 2023).
  • Profit margin: 15% (up from 11% in 3Q 2023). The increase in margin was driven by lower expenses.
  • EPS: US$0.42 (up from US$0.30 in 3Q 2023).
NYSE:EPAC Earnings and Revenue Growth July 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Enerpac Tool Group Earnings Insights

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 1.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Enerpac Tool Group's balance sheet and an in-depth analysis of the company's financial position.