Enerpac Tool Expects FY24 Net Sales OF $590M-$605M; Adjusted EBITDA OF $142M-$152M
Portfolio Pulse from Benzinga Newsdesk
Enerpac Tool has provided its fiscal 2024 guidance, expecting net sales to range between $590M-$605M and adjusted EBITDA between $142M-$152M. The company anticipates a core growth of 2-4% and free cash flow of $60M-$70M. The guidance reflects caution due to macroeconomic uncertainties but confidence in Enerpac's growth strategy.
October 17, 2023 | 6:07 am
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NEUTRAL IMPACT
Enerpac Tool's FY24 guidance reflects caution due to macroeconomic uncertainties but also confidence in its growth strategy. The company expects net sales of $590M-$605M and adjusted EBITDA of $142M-$152M.
The company's guidance for FY24 shows a cautious but confident outlook. While the macroeconomic uncertainties could potentially impact the company's performance, Enerpac's confidence in its growth strategy and the projected figures for net sales, adjusted EBITDA, and free cash flow could potentially balance out any negative impacts. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100