Actuant Corp Up 8.73% To $28.26 After Earnings

Tuesday, October 17, 2023 - Actuant Corp (EPAC) reported upside earnings and revenues today.

Actuant Corp's earnings came in at an EPS of $0.42 per share. The firm's earnings are up 14% since reporting $0.37 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Actuant Corp reported Q4 2023 revenue of $160.6 million. The $160.6 million (0%) negative revenue surprise led to 6% growth year-over-year as the firm reported revenue of $151.8 million in its year-ago quarter. The higher earnings growth compared to revenue points to Actuant Corp improving its profit margin.

The stock is up 8.73% to $28.26 after the report.

Actuant Corp's earnings expanded faster than revenues, signaling widening profit margins.

Trading in the five days leading up to the report earned Actuant Corp a Bearish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 48.

Enerpac Tool Group, previously known as Actuant, provides high-precision tools, controlled-force products, and solutions for precise heavy lifting. The company operates through two segments: industrial tools and services and other. It categorizes its revenue into two parts: product sales and services, which include manpower services and rentals. Product sales is the largest contributor to the company's total revenue. Geographically, the company operates in the United States, Asia, Australia, Europe, Middle East, and other areas. The U.S. makes up the largest contribution to the company's total revenue.