Enerpac Tool reports Q3 adjusted EPS 60c, consensus 49c
Reports Q3 revenue $167.6M, consensus $164.5M. "We were pleased with the performance of our business and the solid growth we delivered in the Q3," said Paul Sternlieb, Enerpac Tool Group's President & CEO. "Within the Industrial Tool & Service segment, product sales increased 5 percent organically year over year, reflecting the underlying strength of the business. While we saw continued market challenges in the quarter due to the conflict in the Middle East, we are encouraged by the strong sequential growth in our Service business and expect to see continued improvement as we realize the benefits of our focused commercial activities and restructuring actions over the coming quarters."
Reports Q3 revenue $167.6M, consensus $164.5M. "We were pleased with the performance of our business and the solid growth we delivered in the Q3," said Paul Sternlieb, Enerpac Tool Group's President & CEO. "Within the Industrial Tool & Service segment, product sales increased 5 percent organically year over year, reflecting the underlying strength of the business.
While we saw continued market challenges in the quarter due to the conflict in the Middle East, we are encouraged by the strong sequential growth in our Service business and expect to see continued improvement as we realize the benefits of our focused commercial activities and restructuring actions over the coming quarters."