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Enerpac Tool Group Corp. (NYSE:EPAC), a $2.04 billion industrial tools manufacturer with impressive gross profit margins of 50%, announced Monday that it has appointed Noah N. Popp as Executive Vice President, General Counsel, and Secretary, effective upon the start of his employment, which is expected to be July 14. The announcement was made in a statement based on a Securities and Exchange Commission filing.
Popp most recently served as Regional General Counsel-Americas and Corporate Secretary at JBT Marel Corporation since September 2014. He previously held in-house legal positions at Kraft Foods Group Inc (NASDAQ:KHC)., TMK (MCX:TRMK) IPSCO, Reyes Holdings, L.L.C., and IPSCO Inc. Popp holds a Bachelor of Science, summa cum laude, and a Juris Doctor, magna cum laude, both from the University of Wisconsin-Madison. According to InvestingPro data, Enerpac maintains strong financial health with a current ratio of 2.9, indicating robust liquidity management.
On June 30, the company notified James P. Denis that he will no longer serve as Executive Vice President, General Counsel, and Secretary, effective July 14. Denis will be eligible for severance in accordance with the company’s Senior Officer Severance Plan, as described in Enerpac Tool Group’s proxy statement for its annual meeting of shareholders held February 6, 2025.
Enerpac Tool Group Corp. is based in Milwaukee, Wisconsin, and its Class A Common Stock is traded on the New York Stock Exchange under the symbol EPAC. The company generated $608.1 million in revenue over the last twelve months and currently trades at a P/E ratio of 23.35. The information was disclosed in a press release statement included in a recent SEC filing.
In other recent news, Enerpac Tool Group reported its third-quarter results for fiscal year 2025, revealing an adjusted earnings per share (EPS) of $0.51, which exceeded the forecasted $0.465, resulting in a 9.68% positive surprise. The company’s revenue reached $158.66 million, slightly below the expected $158.83 million, but still represented a 6% year-over-year increase. Enerpac maintained its full-year revenue guidance of $610-$625 million and targeted the lower half of its adjusted EBITDA range of $150-$160 million. The company continues to focus on key vertical markets such as infrastructure, rail, and renewable energy. Despite the revenue miss, Enerpac’s performance was strong relative to historical trends, and the company has been investing in innovation and operational efficiencies. No major project cancellations were reported, indicating resilience in strategic initiatives. Additionally, Enerpac is actively pursuing a disciplined M&A strategy, as confirmed by CEO Paul Sternleaf.
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