109 0 Kommentare Enerpac Tool Group Hosting Investor Day

Enerpac Tool Group Corp. (NYSE: EPAC) (the “Company”) today will host its 2022 Investor Day, “Raising the Bar.” Paul Sternlieb, President & Chief Executive Officer, will be joined by the Company’s executive leadership team to launch Enerpac Tool Group’s updated growth strategy and long-term financial targets, discuss its capital allocation priorities, and provide updates on its ASCEND transformation program.

“We have made significant progress over the past twelve months in transforming the business, and today we are very pleased to announce our updated, focused growth strategy and share our new long-term financial targets,” said Paul Sternlieb. “The theme of our investor day is “Raising the Bar,” as we lay out our clear and focused plan to unlock the full potential of our business. Our strategy is designed to help us accelerate organic growth in key vertical markets. Moreover, our ASCEND transformation program is changing the way we operate and serve our customers. We are excited to feature the depth of our management team at the event and to demonstrate our keen focus on executing our growth strategy and our ASCEND initiatives, which we expect will deliver profitable growth for all our stakeholders.”

Mr. Sternlieb added, “We have built an exciting, defined organic growth strategy that is focused on maximizing shareholder value and capitalizing on global macro trends. Our ASCEND transformation program, designed to drive sustainable performance improvement, create resiliency, and enable Enerpac to manage through cycles, is already yielding results. Moreover, with the diversity of end markets we serve, coupled with our strong balance sheet and disciplined capital allocation plan, focus on free cash flow generation, and a portfolio of self-help initiatives in ASCEND at the ready, we are well positioned to manage through uncertain times.”

In conjunction with today’s event, the Company is introducing the following financial targets for the Fiscal 2023 to 2026 period:

Organic sales growth of 6 – 7% CAGR (based on Fiscal 2022 FX adjusted revenue of $550 million);
Through the successful execution of ASCEND, achieve 25% adjusted EBITDA margins as we exit Fiscal 2024 with approximately 50 bps improvement in subsequent years; and,
Annual free cash flow conversion in excess of 100% toward the end of the period (lower in earlier years due to ASCEND one-time costs) which will be used to fuel further growth.