ENERPAC TOOL GROUP CORP

ENERPAC TOOL GROUP CORP Overview

Company Headquarters: US

Founded: 1910

Workforce: ~4,700

Company Working: Enerpac Tool Group Corp. is a diversified industrial company. The firm is involved in the designing, manufacturing, and distribution of a wide range of industrial products and systems for a diversified range of markets. It operates through the segments of Industrial Tools and Services and Engineered Components and Systems. The Industrial Tools and Services segment supplies products and services to end markets such as industrial machinery, energy and power, mining, and automation markets. The Engineered Components and Systems segment operates in critical system positions and motion control systems, ropes, cables, and other customized industrial components for various vehicles, construction, agricultural and other markets.

Strategy

Enerpac Tool Group Corp. follows an organic growth strategy. The company believes in new product development and innovation. The multiple product launches undertaken by the company are evident in the research and development focus of the company. Enerpac Tool Group also focuses on maintaining strong flows that are achieved by maximizing returns on assets and minimizing primary working capital needs. The cash flow that results from efficient asset management, improved profitability, and loyal customers are used to fund internal growth opportunities, strategic acquisitions, and opportunistic common stock repurchases

Company Snapshot

$617.2M

Revenue

4,700

Employees

1910

Founded

US

Headquarters

SWOT Analysis

Strengths

Large Customer Base
Wide Range of End Markets

Weaknesses

Rising profitability

Opportunities

Growing Global Demand for Energy
Positive Outlook for Global Automotive Industry

Threats

Intense Competition
Rapidly Changing Technology
Stringent Environmental Regulations

Key Developments

Date	Approach	Development
May 2020	Product Launch	Enerpac Tool Group Corp launched the SCJ-100 Self-Locking Cube Jack. The Cube Jack uses a base lifting frame and self-aligning lightweight steel cribbing blocks to provide high-capacity and stabilized lifting capability. Up to eighteen 50-lbs (23 kg) steel cribbing blocks can be safely and easily stacked onto the SCJ-100 Cube Jack base frame yielding a maximum height of 118.3 inches (3006 mm). The base frame footprint measures just 25.8 in x 25 in (655mm x 636mm). This makes it ideal for restricted operating spaces. A low 22 inch (558mm) minimum initial jacking height increases flexibility and reduces operational startup time
March 2020	Product Launch	Enerpac Tool Group Corp launched the DSX Hydraulic Torque Wrenches. The DSX Hydraulic Torque Wrenches feature aluminum bodies that keep the weight low, and the 360 x 180-degree high flow aluminum swivel ensures hydraulic hoses are easy to manage. The DSX Torque Wrenches are available with square drive sizes ranging from 3/4 to 2 ½”, and for safety and convenience, these are retained and released quickly using a push button.

Product Offering

ENERPAC TOOL GROUP CORP
- Hydraulic Cylinders

Financial Performance

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