Loading...
Docoh

Enerpac Tool (EPAC)

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
CEO
Mark Goldstein
Employees
Incorporated
Location
Fiscal year end
Former names
ACTUANT CORP, APPLIED POWER INC
SEC CIK
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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$20.50
Low target
$18.00
High target
$23.00
RBC Capital
Maintains
Underperform
$18.00
29 Jun 22
Wells Fargo
Upgraded
Overweight
$23.00
22 Jun 22

Calendar

28 Jun 22
12 Aug 22
31 Aug 22
Quarter (USD) May 22 Feb 22 Nov 21 Aug 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Aug 21 Aug 20 Aug 19 Aug 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
13F holders Current Prev Q Change
Total holders 147 150 -2.0%
Opened positions 18 25 -28.0%
Closed positions 21 24 -12.5%
Increased positions 64 45 +42.2%
Reduced positions 40 54 -25.9%
13F shares Current Prev Q Change
Total value 1.33B 1.2B +10.6%
Total shares 60.79M 59.32M +2.5%
Total puts 0 16.1K EXIT
Total calls 12.2K 24.6K -50.4%
Total put/call ratio 0.7
Largest owners Shares Value Change
BLK Blackrock 9.15M $200.28M +0.9%
TROW T. Rowe Price 6.87M $150.35M -0.8%
Vanguard 6.51M $142.57M +0.6%
Clarkston Capital Partners 4.71M $103.02M +1.4%
Wellington Management 4.71M $103.02M -0.2%
PZN Pzena Investment Management 3.99M $87.36M +1.2%
Barrow Hanley Mewhinney & Strauss 3.65M $79.89M +93.2%
STT State Street 2.05M $44.84M +3.7%
Jennison Associates 1.99M $43.65M +3.6%
Southernsun Asset Management 1.57M $34.42M +16.1%
Largest transactions Shares Bought/sold Change
Barrow Hanley Mewhinney & Strauss 3.65M +1.76M +93.2%
Norges Bank 0 -584.63K EXIT
RY Royal Bank Of Canada 3.77K -454.41K -99.2%
Fuller & Thaler Asset Management 754.49K -404.07K -34.9%
Hotchkis & Wiley Capital Management 800.27K +368.87K +85.5%
Leeward Investments, LLC - MA 366.21K +366.21K NEW
Southernsun Asset Management 1.57M +218.39K +16.1%
SG Americas Securities 0 -210.92K EXIT
Mairs & Power 262.29K -90.87K -25.7%
BLK Blackrock 9.15M +77.75K +0.9%

Financial report summary

?
Competition
SPX FLOW
Risks
  • 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

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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