- Enerpac Tool Group Corp (NYSE:EPAC) reported first-quarter FY23 sales growth of 6.5% year-on-year, to $139.4 million, beating the consensus of $133.10 million.
- Core sales improved 13% year over year, with product sales up 15% and service revenues up 3%.
- Gross profit rose 13.9% Y/Y to $67.9 million with a gross margin of 48.7%.
- Operating margin was 8.8% and operating income for the quarter rose 92.1% to $12.3 million.
- The company held $129.2 million in cash and equivalents as of November 30, 2022. Net debt at November 30, 2022, was approximately $73 million.
- The company generated cash flow from operations of $18 million and free cash flow of $16 million.
- Adjusted EPS of $0.29 beat the analyst consensus of $0.27.
- Outlook: EPAC said it is not making any changes to its fiscal 2023 guidance announced in September. It continues to expect full-year net sales of $565 million – $585 million and an adjusted EBITDA range of $113 million – $123 million, including an ASCEND EBITDA benefit of $12 million – $18 million.
- Price Action: EPAC shares are trading higher by 7.31% at $25.70 in premarket on the last check Wednesday.
- Photo Via Company
Premier Q1 Adj EPS $0.52 Misses $0.59 Estimate, Sales $313.80M Miss $328.33M Estimate
Premier (NASDAQ:PINC) reported quarterly adj earnings of $0.52 per share which missed the analyst consensus estimate of $0.59 by 11.86 percent. This is a 18.75 percent decrease over earnings of $0.64 per share from the
