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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
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