Chevron Announces Second Quarter 2023 Performance Highlights streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Enerpac Tool Group Reports Third Quarter Fiscal 2023 Results, Raises Full-Year Earnings Guidance streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Third Quarter of Fiscal 2023 Continuing Operations Highlights
Net sales were $156 million, with a 4% year-over-year increase in core sales ; the strengthening of the US dollar reduced sales by 1% year over year
GAAP operating margin was 16.3% and adjusted operating margin was 21.7%
Adjusted EBITDA margin was 24.0%, up from 12.0% in the prior-year period
Record gross profit margins and adjusted EBITDA margins since the launch of Enerpac Tool Group in 2019
GAAP diluted earnings per share (“EPS”) was $0.30 and adjusted diluted EPS was $0.39, an increase of 144% year over year.
Leverage (Net Debt to Adjusted EBITDA) was 1.0x at May 31, 2023
Repurchased 0.8 million additional shares for approximately $21 million
FY23 full-year guidance: Updating revenue to high-end of the range, and raising adjusted EBITDA This news release contains financial measures in accordance with Generally Accepted Accounting Principles in the United States (“GAAP&rdquo
First Quarter 2023 Total Average Production of 31,611 BOPD, Up 8% from One Year AgoSecond Quarter-To-Date 2023 Total Average Production of Approximately 32,400 BOPDNet Loss of $10 Million, Net Income. | May 2, 2023