Enerpac Tool Group Corp. (EPAC) Q4 2024 Earnings Call Transcript Summary
Enerpac Tool Group Corp. (EPAC) Q4 2024 Earnings Call Transcript Summary
Adjusted EBITDA grew 8% year-over-year to $147 million, with a notable improvement in EBITDA margins from 22.8% in 2023 to 25% in 2024.The following is a summary of the Enerpac Tool Group Corp. (EPAC) Q4 2024 Earnings Call Transcript:
以下是Enerpac工具集團公司（EPAC）2024財年第四季度業績電話會議實錄摘要：
Financial Performance:
金融業績：
Enerpac reported an organic revenue growth of 2.2% for fiscal 2024, with the Industrial Tools & Services (ITS) segment growing at 2.7%.
Gross margin improved by 180 basis points to 51.1%, attributed mainly to operational efficiencies and the impact of previous strategic decisions like the disposition of Cortland Industrial.
Adjusted EBITDA grew 8% year-over-year to $147 million, with a notable improvement in EBITDA margins from 22.8% in 2023 to 25% in 2024.
Diluted earnings per share on a GAAP basis for fiscal 2024 was $1.50, with adjusted EPS increasing by 19% to $1.72, benefiting from a lower tax rate and reduced share count.
Achieved free cash flow of $70 million, aligning with the high end of guidance and representing an 82% conversion rate of net earnings.
Enerpac報告2024財年有機營收增長2.2％，其工業工具與服務（ITS）板塊增長2.7％。
毛利率提高了180個點子，達到51.1％，主要歸功於運營效率的提升以及之前戰略決策的影響，如處理Cortland Industrial的決定。
調整後的EBITDA同比增長8％，達到14700萬美元，2024年的EBITDA利潤率從22.8％提高到25％，改善明顯。
2024財年基於GAAP的每股盈利爲1.50美元，調整後的每股收益增長了19％，達到1.72美元，受益於較低的稅率和減少的股票數量。
實現自由現金流7000萬美元，與高位指引相一致，代表淨利潤的82％轉換率。
Business Progress:
業務進展：
Enerpac successfully concluded its ASCEND transformation program, resulting in doubled adjusted EBITDA since fiscal 2021 and a substantial margin expansion.
Announced the acquisition of DTA, enhancing the company's portfolio in heavy lifting technology and horizontal movement solutions.
Launched a continuous improvement program titled 'PEP' aiming at standardization and simplification across various internal processes.
Enerpac成功完成了ASCEND轉型計劃，自2021財年以來調整後的EBITDA加倍，實現了實質性的毛利率擴張。
宣佈收購DTA，增強了公司在重型起重技術和水平移動解決方案領域的組合。
啓動了名爲「PEP」的持續改進計劃，旨在實現各種內部流程的標準化和簡化。
Opportunities:
機會：
The wind energy sector presents a growing opportunity for Enerpac, supported by trends indicating a future increase in the reliance on wind-generated electricity.
Geographic expansion, particularly in the APAC and EMEA regions, where the company anticipates revenue growth and stronger market presence.
DTA's acquisition opens avenues for cross-selling and geographic expansion, particularly outside of Europe.
風能行業爲Enerpac提供了增長機會，受到趨勢支持，預示未來對風能發電的依賴性將增加。
地理擴張特別是在APAC和歐洲、中東、非洲地區，公司預計將實現營業收入增長和更強勁的市場份額。
DTA的收購爲跨銷售和地理擴張打開了途徑，特別是在歐洲以外的地區。
Risks:
風險：
Projected decline in the general industrial market might impact overall market dynamics, potentially affecting Enerpac's performance despite anticipated above-market growth.
Integration and realization of expected synergies from DTA's acquisition could present challenges impacting short-term profitability margins.
預計工業市場的普遍下降可能會影響整體市場動態，可能會影響Enerpac的表現，儘管預計會高於市場增長。
DTA收購後預期的整合和預期的協同效應的實現可能會帶來挑戰，影響短期利潤率。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
