Enerpac Misses Q4 EPS Expectations, Warns Of Industrial Slowdown In FY25
Portfolio Pulse from Lekha Gupta
Enerpac Tool Group Corp. (NYSE:EPAC) reported lower-than-expected Q4 EPS, with shares dropping 6.85%. The company anticipates a slowdown in the industrial market for FY25, projecting net sales below consensus estimates. Despite challenges, Enerpac aims to outperform the industry with strategic growth initiatives.
October 16, 2024 | 10:54 am
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Enerpac Tool Group Corp. reported Q4 EPS below expectations, leading to a 6.85% drop in share price. The company forecasts a slowdown in the industrial market for FY25, with net sales expected to be below consensus. Despite this, Enerpac plans to continue growth through strategic initiatives.
Enerpac's Q4 EPS miss and lower-than-expected FY25 sales guidance indicate potential challenges ahead, contributing to the share price drop. The company's strategic growth plans may mitigate some negative impacts, but the industrial slowdown poses a significant risk.
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