Enerpac Tool Group (EPAC) shares plummeted in pre-market trading on Wednesday, declining by 9.72% after the company reported worse-than-expected fourth-quarter earnings and provided a disappointing revenue outlook for fiscal year 2025.
The industrial tools manufacturer reported adjusted earnings per share (EPS) from continuing operations of $0.50 for the fourth quarter, missing the consensus estimate of $0.53. While revenue from continuing operations of $158.7 million exceeded expectations of $156.7 million, the company's guidance for the upcoming fiscal year fell short of analysts' projections.
For fiscal 2025, Enerpac Tool Group expects net sales to range between $610 million and $625 million, with organic growth of 0% to 2%. This revenue forecast is significantly lower than the consensus estimate of $638.9 million, reflecting the company's concerns about a continued decline in the general industrial market.
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