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工具集团公司（EPAC）2024财年第四季度业绩电话会议实录摘要：
Financial Performance:
金融业绩：
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报告2024财年有机营收增长2.2％，其工业工具与服务（ITS）板块增长2.7％。
毛利率提高了180个基点，达到51.1％，主要归功于运营效率的提升以及之前战略决策的影响，如处理Cortland Industrial的决定。
调整后的EBITDA同比增长8％，达到14700万美元，2024年的EBITDA利润率从22.8％提高到25％，改善明显。
2024财年基于GAAP的每股盈利为1.50美元，调整后的每股收益增长了19％，达到1.72美元，受益于较低的税率和减少的股票数量。
实现自由现金流7000万美元，与高位指引相一致，代表净利润的82％转换率。
Business Progress:
业务进展：
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转型计划，自2021财年以来调整后的EBITDA加倍，实现了实质性的毛利率扩张。
宣布收购DTA，增强了公司在重型起重技术和水平移动解决方案领域的组合。
启动了名为“PEP”的持续改进计划，旨在实现各种内部流程的标准化和简化。
Opportunities:
机会：
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.
风能行业为Enerpac提供了增长机会，受到趋势支持，预示未来对风能发电的依赖性将增加。
地理扩张特别是在APAC和欧洲、中东、非洲地区，公司预计将实现营业收入增长和更强劲的市场份额。
DTA的收购为跨销售和地理扩张打开了途径，特别是在欧洲以外的地区。
Risks:
风险：
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.
预计工业市场的普遍下降可能会影响整体市场动态，可能会影响Enerpac的表现，尽管预计会高于市场增长。
DTA收购后预期的整合和预期的协同效应的实现可能会带来挑战，影响短期利润率。
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：如需更全面的详情，请参阅投资人关系网站。本文仅供投资者参考，不作任何指引或建议。
译文内容由第三方软件翻译。
