Enerpac Tool Group’s Dec-Feb Core Sales Up 6% - Modern Distribution Management

Log In

Enerpac Tool Group’s Dec-Feb Core Sales Up 6%

Enerpac has reported record gross profit margins and adjusted EBITDA margins since rebranding from Actuant in 2019.

Menomonee Falls, Wisconsin-based industrial tools distributor Enerpac Tool Group on March 21 reported 2023 second-quarter sales of $142 million, with a 6% increase year-over-year in core sales.

For the company’s second quarter that ended Feb. 28, Enerpac had an adjusted operating margin of 20.2% and adjusted EBITDA margin of 22.7% — an increase of nearly 1,100 basis points year-over-year. The company’s 2Q gross profit margins and adjusted EBITDA margins were records since Enerpac rebranded from Actuant in 2019.

While Enerpac’s 2Q core sales growth of 6% was down from 1Q 2023’s 13% growth, Enerpac President and CEO Paul Sternlieb noted that it was an impressive performance compared to the company’s typical 2Q.

“Thanks to solid execution by our global team, we delivered strong and encouraging performance in the second quarter,” Sternlieb said in a news release. “While the second quarter is typically our seasonally weakest quarter, we saw year-over-year core growth in three out of four regions and we achieved record gross profit margins and adjusted EBITDA margins since the launch of Enerpac Tool Group in 2019.

“We are driving positive, meaningful, and permanent change across our organization, making us more efficient, more productive, and easier to do business with. We are also undertaking key growth investments in areas such as our expansion in targeted vertical markets, our digital transformation and digital marketing program, our customer-driven innovation, and our expansion in Asia Pacific.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo