Enerpac Tool Group Corp. (EPAC) Bundle
A Brief History of Enerpac Tool Group Corp. (EPAC)
Foundation and Early Years
Foundation and Early Years
Enerpac Tool Group Corp. (EPAC) was established in 1910, originally as part of the parent company, the American Hoist & Derrick Company. The company focused on manufacturing hydraulic tools and equipment, primarily for the industrial sector.
Acquisition and Growth
In 1997, Enerpac was acquired by Actuant Corporation, a diversified industrial company, which significantly boosted its market presence and expanded its product line.
Initial Public Offering
Enerpac Tool Group Corp. went public in 2018 under the ticker symbol EPAC. The IPO was priced at $12.00 per share, raising approximately $90 million.
Performance Metrics
For the fiscal year ending August 31, 2023, Enerpac reported total revenues of $476.1 million, representing a growth of 12% compared to the previous year. The net income for the same period was $25.8 million.
| Year | Revenue (in million $) | Net Income (in million $) | EPS ($) |
|---|---|---|---|
| 2021 | 364.0 | 20.4 | 0.54 |
| 2022 | 425.8 | 23.7 | 0.60 |
| 2023 | 476.1 | 25.8 | 0.66 |
Acquisitions and Strategic Moves
In 2021, Enerpac acquired Hydratight, enhancing its capabilities in the bolting solutions market. This acquisition was anticipated to add approximately $60 million to Enerpac’s annual revenues.
Global Reach
Enerpac operates in over 100 countries worldwide, with manufacturing facilities located in the United States, Netherlands, and China. The company serves a diverse range of industries, including construction, industrial maintenance, and energy.
Market Position
As of 2023, Enerpac maintains a strong position in the hydraulic tools market, with a significant share in the North American and European markets. The company competes with other key players such as Stanley Black & Decker and Atlas Copco.
Current Financial Standing
As of the end of the third quarter in 2023, Enerpac reported total assets of $408 million and total liabilities of $219 million. The company’s market capitalization was approximately $500 million.
Recent Developments
In 2023, Enerpac launched several new products, including advanced hydraulic tools and enhanced digital solutions for equipment monitoring, which aim to improve productivity and operational efficiency for users.
Sustainability Initiatives
Enerpac is committed to sustainable practices. In 2022, the company announced its goal to reduce greenhouse gas emissions by 25% by 2025, compared to baseline levels established in 2020.
Market Challenges
The company faces challenges such as fluctuating raw material costs and competitive pricing pressures. In 2022, Enerpac experienced a 15% increase in the cost of materials, impacting margins.
Future Outlook
Looking ahead, Enerpac anticipates continued growth driven by demand in sectors such as renewable energy and infrastructure development. The management has set a revenue target of $600 million by 2025.
A Who Owns Enerpac Tool Group Corp. (EPAC)
Shareholder Composition
The ownership of Enerpac Tool Group Corp. (EPAC) is diverse, consisting of institutional and retail investors. As of the latest report, the significant stakeholders include:
| Shareholder Type | Ownership Percentage | Number of Shares | Value of Holdings |
|---|---|---|---|
| Institutional Investors | 78.2% | 22,597,000 | $697 million |
| Retail Investors | 21.8% | 6,300,000 | $195 million |
Top Institutional Shareholders
Several institutional investors hold significant stakes in Enerpac Tool Group:
| Institution | Ownership Percentage | Number of Shares | Value of Holdings |
|---|---|---|---|
| BlackRock, Inc. | 16.5% | 4,850,000 | $149 million |
| The Vanguard Group, Inc. | 11.0% | 3,200,000 | $98 million |
| State Street Corporation | 9.5% | 2,800,000 | $86 million |
| Wellington Management Co. LLP | 5.0% | 1,500,000 | $46 million |
| Tudor Investment Corp | 3.2% | 950,000 | $29 million |
Executive Ownership
Executive management also holds shares in the company, indicating their vested interest:
| Name | Position | Ownership Percentage | Number of Shares |
|---|---|---|---|
| R. Scott D. Bader | President & CEO | 0.5% | 150,000 |
| Mark M. Kahn | CFO | 0.2% | 60,000 |
| Thomas A. Condon | COO | 0.1% | 30,000 |
Recent Share Price Performance
The stock performance of EPAC has shown fluctuations over the past year:
| Date | Stock Price (USD) | Market Capitalization (USD) | PE Ratio |
|---|---|---|---|
| October 2023 | $30.85 | $892 million | 21.2 |
| July 2023 | $28.50 | $780 million | 19.8 |
| April 2023 | $25.30 | $710 million | 18.6 |
Geographic Distribution of Ownership
The geographic distribution of Enerpac's shareholders is as follows:
| Region | Ownership Percentage | Number of Shares |
|---|---|---|
| North America | 70% | 21,000,000 |
| Europe | 15% | 4,500,000 |
| Asia | 10% | 3,000,000 |
| Others | 5% | 1,500,000 |
Enerpac Tool Group Corp. (EPAC) Mission Statement
Overview of Mission Statement
The mission statement of Enerpac Tool Group Corp. focuses on delivering innovative and reliable solutions to the precision-engineering and industrial markets. The company aims to empower its customers to efficiently achieve their goals through high-quality products and services.
Core Values and Principles
- Quality: Commitment to high-quality standards in all products
- Innovation: Continuous development of advanced technology and solutions
- Customer Focus: Prioritizing customer needs and satisfaction
- Sustainability: Implementing eco-friendly practices
- Integrity: Upholding ethical standards in business operations
Financial Performance
As of the end of fiscal year 2022, Enerpac reported revenues of approximately $419 million, representing a growth of 8% compared to the previous year. The net income for the same period was $48 million, reflecting an increase attributable to enhanced operational efficiencies.
Market Segments
Enerpac serves a variety of industries, including construction, manufacturing, and energy. The market share in hydraulic tools and equipment is approximately 18% within the North American market.
Global Reach
Enerpac Tool Group Corp. operates in over 20 countries worldwide, with a significant presence in North America, Europe, and Asia-Pacific regions.
Product Offerings
| Product Category | Key Products | Revenue Contribution (% of Total Revenue) |
|---|---|---|
| Hydraulic Tools | Hydraulic Torque Wrenches, Cylinders | 50% |
| Industrial Tools | Lift Equipment, Load Monitoring Systems | 30% |
| Customized Solutions | Engineered Systems | 20% |
Commitment to Innovation
In 2023, Enerpac invested around $10 million in research and development, representing about 2.4% of total revenue, focusing on product advancements and new technology integration.
Sustainability Initiatives
Enerpac has committed to reducing its carbon footprint by 25% by 2025, aligning with global sustainability goals.
Customer Engagement and Feedback
The company implements a customer satisfaction index (CSI) that, as of 2023, stands at 85%, indicating a high level of customer satisfaction with their products and services.
How Enerpac Tool Group Corp. (EPAC) Works
Business Overview
Business Overview
Enerpac Tool Group Corp. (EPAC) specializes in high-pressure hydraulic tools and controlled force products. The company serves various sectors, including construction, manufacturing, and energy. As of 2023, Enerpac operates in more than 100 countries and has a diverse product portfolio.
Financial Performance
In the fiscal year 2022, Enerpac Tool Group reported the following financial figures:
| Financial Metric | Amount (USD) |
|---|---|
| Revenue | $388.1 million |
| Net Income | $38.2 million |
| Adjusted EBITDA | $70.4 million |
| Operating Income | $43.1 million |
Market Segments
Enerpac operates through multiple market segments. The distribution of revenue across these sectors is as follows:
| Market Segment | Revenue Percentage |
|---|---|
| North America | 46% |
| Europe | 32% |
| Asia-Pacific | 18% |
| South America | 4% |
Product Categories
The company offers a wide range of products categorized into several lines:
- Hydraulic Tools
- Cylinders
- Pumps
- Bolting Systems
- Controlled Force Products
Research and Development
For the year 2022, Enerpac invested approximately $8 million in research and development, focusing on innovation and enhancing product performance.
Global Presence
As of 2023, Enerpac has over 1,000 employees worldwide, with manufacturing facilities located in:
- Wisconsin, USA
- Germany
- China
- Australia
Strategic Initiatives
The company has undertaken various strategic initiatives to enhance market competitiveness:
- Expansion of service and distribution networks
- Introduction of new product lines
- Improvements in operational efficiency
Competitive Landscape
Enerpac competes with several key players in the hydraulic tools market, including:
- Parker Hannifin Corporation
- HydraForce
- Stanley Black & Decker
- Hilti Corporation
Stock Performance
As of October 2023, the stock price of Enerpac Tool Group Corp. (EPAC) is approximately $22.50. The market capitalization stands at around $1 billion.
Dividend Policy
Enerpac declared a quarterly dividend of $0.05 per share, demonstrating a commitment to returning value to shareholders.
How Enerpac Tool Group Corp. (EPAC) Makes Money
Revenue Streams
Enerpac Tool Group Corp. (EPAC) generates revenue primarily through the sale of hydraulic tools, bolting tools, and industrial tools targeted at various sectors including construction, industrial, and oil and gas. The company's revenue for the fiscal year 2022 was approximately $591 million.
Product Segments
The company operates through multiple product segments including:
- Hydraulic Tools
- Bolting Tools
- Industrial Tools
- High-Pressure Oil and Gas Equipment
| Product Segment | Revenue (2022) | Percentage of Total Revenue |
|---|---|---|
| Hydraulic Tools | $276 million | 46.7% |
| Bolting Tools | $185 million | 31.3% |
| Industrial Tools | $115 million | 19.4% |
| High-Pressure Oil and Gas Equipment | $15 million | 2.5% |
Geographic Distribution
Enerpac's revenue is derived from multiple geographic regions:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
| Geographic Region | Revenue (2022) | Percentage of Total Revenue |
|---|---|---|
| North America | $310 million | 52.5% |
| Europe | $165 million | 27.9% |
| Asia-Pacific | $80 million | 13.5% |
| Middle East and Africa | $20 million | 3.4% |
| Latin America | $16 million | 2.7% |
Profit Margins
Enerpac's gross profit margin for the fiscal year 2022 was approximately 30.4%, with an operating margin of around 12.3%.
Research and Development (R&D)
The company invests significantly in R&D to innovate and improve product offerings. For the fiscal year 2022, R&D expenditures were approximately $22 million.
Operating Expenses
Enerpac’s operating expenses in 2022 were approximately $45 million, which included selling, general and administrative expenses (SG&A).
Market Position and Strategy
Enerpac focuses on strategic acquisitions to bolster its market position. In 2021, Enerpac acquired SPX Flow’s various hydraulic tool lines, which expanded its product portfolio and market reach.
Stock Performance
As of October 2023, Enerpac Tool Group Corp. (EPAC) is trading at approximately $20.15 per share, with a year-to-date increase of approximately 15%.
Future Outlook
The company projects a revenue growth of 5-7% annually for the next five years, driven by increased demand in infrastructure and energy sectors.
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