Stock Track | Enerpac Tool Group Plunges Over 10% on Disappointing FY25 Outlook Amid Industrial Market Weakness

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Shares of Enerpac Tool Group (EPAC) plummeted by over 10% in pre-market trading on Wednesday, October 16, 2024, after the company reported weaker-than-expected fourth-quarter earnings and provided a disappointing revenue outlook for fiscal year 2025, citing concerns about a continued decline in the general industrial market.

For the fourth quarter of fiscal 2024, Enerpac Tool Group reported adjusted earnings per share (EPS) from continuing operations of $0.50, 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.

Looking ahead to 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. "In setting our guidance for fiscal 2025, we are taking into account an expectation of a continued decline in the general industrial market. However, we believe Enerpac will continue to generate growth in fiscal 2025, representing our ability to outperform the industry and gain share driven by our targeted growth strategy," said Paul Sternlieb, President & CEO of Enerpac Tool Group.

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