Enerpac Tool Group Corp. is a premier industrial tools and services company serving a broad and diverse set of customers in more than 100 countries. The Company's businesses are global leaders in high pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin.

Company profile
Ticker
EPAC
Exchange
Website
CEO
Mark Goldstein
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ACTUANT CORP, APPLIED POWER INC
SEC CIK
Corporate docs
Subsidiaries
Actuant Australia • Enerpac Energy • Cortland Company Australia • Hydratight (Asia Pacific) Pty. Ltd. • HTL Australasia Pty. Ltd. • Hydratight Equipamentos Servicos e Industria Ltda. • Actuant Canada Corporation • Actuant China Industries Co. Ltd. • Actuant China Ltd. • Actuant Shanghai Trading Co. Ltd. ...
IRS number
390168610
EPAC stock data
News

RBC Capital Maintains Underperform Rating for Enerpac Tool Group: Here's What You Need To Know
29 Jun 22
Enerpac Tool Group Earnings Perspective: Return On Capital Employed
29 Jun 22
RBC Capital Maintains Underperform on Enerpac Tool Group, Lowers Price Target to $18
29 Jun 22
InflaRx Climbs More Than 40%, Here's 58 Biggest Movers From Yesterday
29 Jun 22
Dow Dips Over 400 Points; Crude Oil Rises 2%
28 Jun 22
Press releases
Analyst ratings and price targets
Current price
Average target
$20.50
Low target
$18.00
High target
$23.00
RBC Capital
Maintains
$18.00
Wells Fargo
Upgraded
$23.00
Calendar
28 Jun 22
12 Aug 22
31 Aug 22
Financial summary
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Annual (USD) | Aug 21 | Aug 20 | Aug 19 | Aug 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 123.71M | 123.71M | 123.71M | 123.71M | 123.71M | 123.71M |
Cash burn (monthly) | 3.24M | 1.05M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 7.86M | 2.54M | n/a | n/a | n/a | n/a |
Cash remaining | 115.85M | 121.17M | n/a | n/a | n/a | n/a |
Runway (months of cash) | 35.7 | 115.6 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Jul 22 | Bryan Johnson | Class A Common Stock | Payment of exercise | Dispose F | No | No | 20.3 | 356 | 7.23K | 37,120 |
2 Jun 22 | Sidney S. Simmons II | Phantom Stock Class A Common Stock | Grant | Acquire A | No | No | 0 | 1,061 | 0 | 11,746 |
2 Jun 22 | Danny L Cunningham | Phantom Stock Class A Common Stock | Grant | Acquire A | No | No | 0 | 936 | 0 | 19,520 |
2 Jun 22 | Minella LYNN C | Phantom Stock Class A Common Stock | Grant | Acquire A | No | No | 0 | 999 | 0 | 999 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 147 |
Opened positions | 18 |
Closed positions | 21 |
Increased positions | 64 |
Reduced positions | 40 |
13F shares | Current |
---|---|
Total value | 1.33B |
Total shares | 60.79M |
Total puts | 0 |
Total calls | 12.2K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 9.15M | $200.28M |
TROW T. Rowe Price | 6.87M | $150.35M |
Vanguard | 6.51M | $142.57M |
Clarkston Capital Partners | 4.71M | $103.02M |
Wellington Management | 4.71M | $103.02M |
PZN Pzena Investment Management | 3.99M | $87.36M |
Barrow Hanley Mewhinney & Strauss | 3.65M | $79.89M |
STT State Street | 2.05M | $44.84M |
Jennison Associates | 1.99M | $43.65M |
Southernsun Asset Management | 1.57M | $34.42M |
Financial report summary
?Competition
SPX FLOWRisks
- We have been and continue to be negatively impacted by the COVID-19 pandemic and its related impacts to our employees, operations, customers and suppliers.
- Supply chain issues, including shortages of adequate component supply that increase our costs or cause delays in our ability to fulfill orders, and our failure to estimate customer demand properly may result could have an adverse impact on our business and operating results and our relationships with customers.
- Deterioration of, or instability in, the domestic and international economy and challenging end-market conditions could impact our ability to grow the business and adversely impact our ability to execute our strategy, financial condition, results of operations and cash flows.
- Disruptions in global oil markets have adversely affected our business and results of operations and similar events in the future may adversely affect our business and results.
- Uncertainty over global tariffs, or the financial impact of tariffs, may negatively affect our results.
- Logistics challenges, including global freight capacity shortages or significant increases in freight costs, could continue to increase our freight costs or cause delays in our ability to fulfill orders and could have an adverse impact on our business and operating results.
- Collection risk for receivables in foreign jurisdictions
- Cybersecurity vulnerabilities, threats and more sophisticated and targeted computer crime could pose a risk to our systems, networks, operations, products, solutions, services and data.
- We may not be able to fully realize expected cost savings from restructuring actions
- Our business operates in highly competitive markets, so we may be forced to cut prices or incur additional costs.
- Our international operations pose political, currency and other risks.
- Our customers and other business partners often require terms and conditions that expose us to significant risks and liabilities.
- If we fail to develop new products, or customers do not accept our new products, our business could be adversely affected.
- Our growth strategy includes strategic acquisitions, which we may not be able to consummate or successfully integrate.
- We may not be able to realize planned benefits from acquired companies.
- The indemnification provisions of acquisition agreements may result in unexpected liabilities.
- Divestitures and discontinued operations could negatively impact our business, and retained liabilities from businesses that we have sold could adversely affect our financial results.
- Our goodwill and other intangible assets represent a substantial amount of our total assets.
- We are subject to many laws and regulations that may change in ways that are detrimental to our competitiveness or results.
- Legal compliance risks could result in significant costs to our business or cause us to restrict current activities or curtail growth plans.
- Health, safety and environmental laws and regulations may result in additional costs.
- Costs and liabilities arising from legal proceedings could be material and adversely impact our financial results.
- Our indebtedness could harm our operating flexibility and competitive position.
- The financial and other covenants in our debt agreements may adversely affect us.
- Our inability to attract, develop and retain qualified employees could have a material adverse impact on our operations.
- Our intellectual property portfolio may not prevent competitors from developing products and services similar to or duplicative to ours, and the value of our intellectual property may be negatively impacted by external dependencies.
- Our competitors or other persons could assert that we have infringed their intellectual property rights.
- Geopolitical unrest and terrorist activities may cause the economic conditions in the U.S. or abroad to deteriorate, which could harm our business.
Management Discussion
- Consolidated net sales for the third quarter of fiscal 2022 were $152 million, an increase of $9 million, or 6%, from the prior-year comparable period. Core sales (sales excluding the impact of acquisitions, divestitures and foreign currency rate changes) increased $13 million, or 10%, while the changes in foreign currency exchange rates unfavorably impacted net sales by 4%. The increase in core sales was due to the substantial increase in sales volume resulting from pandemic-related market recovery, in addition to pricing actions primarily in response to increasing costs of raw materials, components, and freight. The continuation of supply chain and logistics challenges first seen in the fourth quarter of fiscal 2021 continued to create longer lead times throughout the third quarter of fiscal 2022 and larger than usual backlogs remained at May 31, 2022. Core products sales increased 12% and core service sales increased 1% as compared to the same period in the prior year. Gross profit margins remained flat as compared to the prior-year third quarter primarily due to sales mix. Operating profit was $16 million lower in the third quarter of fiscal 2022 as compared to the third quarter of fiscal 2021. The $5 million increase in gross profit and $1 million reduction in restructuring charges were more than offset by the $23 million increase in SG&A. The $23 million increase in SG&A was primarily due to a $11 million discrete bad debt charge taken (due to significant delinquency in payments from an agent in our MENAC region), ASCEND transformation program charges related to the use of external services for support in the design and development of the program ($4 million), leadership transition & board search charges ($2 million), and business review charges related to external support for the deep-dive holistic business review prior to the launch of the ASCEND program ($1 million). SG&A also included a $1 million gain on sale of a facility, net of transaction charges in the third quarter of fiscal 2022, compared to a similar $5 million gain in the prior year comparable period.
Content analysis
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H.S. junior Avg
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New words:
agile, Anthony, building, ceased, Chinese, Colucci, conflict, deep, excellence, fully, implementation, implemented, individual, lean, MENAC, predominately, rounding, summation, summer, tied
Removed:
AB, Actuant, Corporation, East, France, July, LLC, November, Parent, SAS, wholly
Financial reports
Current reports
8-K
Enerpac Tool Group Announces Dividend
29 Jul 22
8-K
Results of Operations and Financial Condition
28 Jun 22
8-K
Departure of Directors or Certain Officers
9 May 22
8-K
Departure of Directors or Certain Officers
2 May 22
8-K
Results of Operations and Financial Condition
23 Mar 22
8-K
Departure of Directors or Certain Officers
31 Jan 22
8-K
Submission of Matters to a Vote of Security Holders
27 Jan 22
8-K
Regulation FD Disclosure
21 Dec 21
8-K
Results of Operations and Financial Condition
21 Dec 21
8-K
Departure of Directors or Certain Officers
20 Dec 21
Registration and prospectus
15-12B
Securities registration termination
29 Apr 22
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 22
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 22
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 22
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 22
S-8 POS
Registration of securities for employees (post-effective amendment)
29 Apr 22
S-8
Registration of securities for employees
29 Mar 21
S-8
Registration of securities for employees
2 Jul 20
15-15D
Suspension of duty to report
30 Jun 20
15-12G
Securities registration termination
30 Jun 20
Proxies
DEFA14A
Additional proxy soliciting materials
20 Dec 21
DEFA14A
Additional proxy soliciting materials
10 Dec 21
DEFA14A
Additional proxy soliciting materials
7 Jan 21
DEFA14A
Additional proxy soliciting materials
4 Dec 20
DEFA14A
Additional proxy soliciting materials
13 Dec 19
DEF 14A
Definitive proxy
3 Dec 18
DEFR14A
Revised proxy
5 Dec 17
Other
SD
Conflict minerals disclosure
24 May 22
SD
Conflict minerals disclosure
27 May 21
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
29 May 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
29 Oct 18
SD
Conflict minerals disclosure
30 May 18
UPLOAD
Letter from SEC
22 Jan 18
CORRESP
Correspondence with SEC
8 Jan 18
UPLOAD
Letter from SEC
18 Dec 17
SD
Conflict minerals disclosure
30 May 17
Ownership
SC 13G
ENERPAC TOOL / T. Rowe Price Investment Management ownership change
10 Aug 22
SC 13G/A
ENERPAC TOOL / PRICE T ROWE ASSOCIATES ownership change
9 Aug 22
4
ENERPAC TOOL / Bryan Johnson ownership change
2 Aug 22
4
ENERPAC TOOL / LYNN C MINELLA ownership change
3 Jun 22
4
ENERPAC TOOL / Danny L Cunningham ownership change
3 Jun 22
4
ENERPAC TOOL / Sidney S. Simmons II ownership change
3 Jun 22
4
ENERPAC TOOL / Anthony Peter Colucci ownership change
1 Jun 22
3
ENERPAC TOOL / Anthony Peter Colucci ownership change
31 May 22
4
ENERPAC TOOL / Ricky T Dillon ownership change
30 Mar 22
4
ENERPAC TOOL / Sidney S. Simmons II ownership change
3 Mar 22
Patents
Utility
Fluid-powered Torque Wrench with Fluid Pump Controls
11 Aug 22
A control assembly, a tool and a method.
Utility
Remote Conduit De-coupling Device
14 Jul 22
A jack assembly and a system for supporting a partially submerged structure.
Utility
Hydraulic Power System and Method for Controlling Same
12 May 22
A system and method is provided for monitoring a hydraulic power system having at least one light emitter and a button.
Utility
Hydraulic power system and method for controlling same
7 Dec 21
A system and method is provided for monitoring a hydraulic power system having at least one light emitter and a button.
Utility
Industrial tool and drive system for same
5 Oct 21
A drive system for an industrial tool (e.g., a hydraulic torque wrench) includes a cylinder, a first piston, a first rod, a second piston, and a second rod.
Transcripts
2022 Q3
Earnings call transcript
28 Jun 22
2022 Q2
Earnings call transcript
23 Mar 22
2022 Q1
Earnings call transcript
21 Dec 21
2021 Q4
Earnings call transcript
29 Sep 21
2021 Q3
Earnings call transcript
29 Jun 21
2021 Q2
Earnings call transcript
24 Mar 21
2021 Q1
Earnings call transcript
21 Dec 20
2020 Q4
Earnings call transcript
30 Sep 20
2020 Q3
Earnings call transcript
25 Jun 20
2020 Q2
Earnings call transcript
19 Mar 20
Reddit threads
(6/30) Thursday's Pre-Market Stock Movers & News
30 Jun 22
(6/29) Wednesday's Pre-Market Stock Movers & News
29 Jun 22
(6/28) Tuesday's Pre-Market Stock Movers & News
28 Jun 22
Daily Discussion Thread - June 28th, 2022
28 Jun 22
Choppy Week Ahead; Inflation, Spending, and Consumer Confidence Updates on Deck
27 Jun 22
(6/27) Monday's Pre-Market Stock Movers & News
27 Jun 22
Daily Discussion Thread - June 27th, 2022
27 Jun 22
Daily Discussion Thread - March 23rd, 2022
23 Mar 22
Daily Discussion Thread - March 22nd, 2022
22 Mar 22
Daily Discussion Thread - March 21st, 2022
21 Mar 22