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online games can earn money ‘Apprentice’ star Sebastian Stan says other actors are ‘afraid’ to talk about Trump biopicThe upcoming Winter Session of India's Parliament is set to be stormy, with opposition parties keen on addressing allegations of bribery against the Adani Group. In a violent turn of events, protests against a mosque survey in Uttar Pradesh led to three fatalities and numerous injuries. Political dynamics in Maharashtra are shifting, with leadership decisions pending ahead of the elections, while the INDIA bloc strategizes for parliamentary debates. (With inputs from agencies.)

87-year-old kept under ‘digital arrest’, loses 24L

Vaxcyte, Inc. ( NASDAQ:PCVX – Get Free Report ) dropped 5.8% on Friday . The stock traded as low as $80.57 and last traded at $80.79. 475,390 shares traded hands during trading, a decline of 48% from the average daily volume of 916,270 shares. The stock had previously closed at $85.78. Analysts Set New Price Targets Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price target on shares of Vaxcyte in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their target price on shares of Vaxcyte from $108.00 to $129.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Leerink Partners increased their price target on shares of Vaxcyte from $106.00 to $153.00 and gave the company an “outperform” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Vaxcyte in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group assumed coverage on Vaxcyte in a research report on Friday, December 20th. They set a “buy” rating and a $135.00 target price on the stock. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $145.71. Read Our Latest Stock Report on PCVX Vaxcyte Stock Performance Vaxcyte ( NASDAQ:PCVX – Get Free Report ) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.83) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.10) by $0.27. During the same period last year, the company earned ($0.91) EPS. As a group, equities research analysts anticipate that Vaxcyte, Inc. will post -4.14 EPS for the current year. Insider Buying and Selling at Vaxcyte In related news, SVP Mikhail Eydelman sold 5,000 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $109.27, for a total transaction of $546,350.00. Following the sale, the senior vice president now directly owns 28,623 shares in the company, valued at $3,127,635.21. This represents a 14.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Grant Pickering sold 7,098 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $109.21, for a total value of $775,172.58. Following the sale, the chief executive officer now directly owns 138,581 shares of the company’s stock, valued at $15,134,431.01. This represents a 4.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders sold 117,830 shares of company stock valued at $12,383,030. 3.10% of the stock is currently owned by company insiders. Institutional Trading of Vaxcyte Large investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in shares of Vaxcyte by 23.1% in the third quarter. Janus Henderson Group PLC now owns 10,921,896 shares of the company’s stock valued at $1,247,954,000 after buying an additional 2,052,989 shares during the last quarter. RA Capital Management L.P. increased its position in Vaxcyte by 5.9% in the 3rd quarter. RA Capital Management L.P. now owns 8,689,190 shares of the company’s stock valued at $992,914,000 after acquiring an additional 485,436 shares in the last quarter. State Street Corp raised its stake in shares of Vaxcyte by 1.1% in the third quarter. State Street Corp now owns 3,405,743 shares of the company’s stock worth $389,174,000 after acquiring an additional 38,596 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Vaxcyte by 13.2% during the third quarter. Franklin Resources Inc. now owns 2,786,335 shares of the company’s stock worth $315,162,000 after purchasing an additional 324,560 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Vaxcyte by 10.6% during the third quarter. Geode Capital Management LLC now owns 2,700,782 shares of the company’s stock valued at $308,675,000 after purchasing an additional 259,010 shares during the last quarter. Institutional investors own 96.78% of the company’s stock. About Vaxcyte ( Get Free Report ) Vaxcyte, Inc, a clinical-stage biotechnology vaccine company, develops novel protein vaccines to prevent or treat bacterial infectious diseases. Its lead vaccine candidate is VAX-24, a 24-valent investigational pneumococcal conjugate vaccine for the prevention of invasive pneumococcal disease. The company also develops VAX-31 to protect against emerging strains and to help address antibiotic resistance; VAX-A1, a novel conjugate vaccine candidate to prevent disease caused by Group A Streptococcus; VAX-PG, a novel protein vaccine candidate targeting keystone pathogen responsible for periodontitis; and VAX-GI to prevent Shigella, a bacterial illness. See Also Receive News & Ratings for Vaxcyte Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vaxcyte and related companies with MarketBeat.com's FREE daily email newsletter .Shiba Inu Technical Analysis & Stellar Price Under Debate While BlockDAG Steps into Hollywood with Keynote 3

Mandan, ND, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Amanda Babb’s journey from a successful career as a physician assistant to a thriving Dickey’s Barbecue Pit franchisee in Mandan, North Dakota, highlights the power of bold career moves and entrepreneurial spirit. Partnering with Randy Rhone, Babb has established her restaurant as a cornerstone of the local community, combining her passion for service with her love of barbecue. “I loved working in medicine, but I wanted a new challenge—something where I could work for myself and make a direct impact on my community,” Babb said. “Owning a Dickey’s has given me the opportunity to create something meaningful while staying connected to the people I serve.” Babb entered the franchising world over a decade ago when she and her then-husband teamed up with Rhone to bring authentic barbecue to North Dakota . Driven by her desire to control her own career path, Babb took over daily operations when the original operator left, ultimately becoming the driving force behind the Mandan location. Seven years later, her restaurant has earned a reputation for exceptional service, quality food, and its welcoming atmosphere, becoming a gathering place for the Mandan community. Babb takes a hands-on approach to managing her restaurant, whether it’s overseeing daily operations, coordinating catering orders, or personally welcoming guests. Her emphasis on building relationships with customers has been central to her success. “We’re not just serving barbecue; we’re building connections,” Babb said. “When people come through our doors, we want them to feel like family.” Catering has become a key aspect of her business, with Babb and her team regularly handling multiple large orders. This focus on community engagement has solidified her reputation as a leader within the Dickey’s franchise system . As with any business, challenges have arisen—from navigating supply chain issues to adapting to shifting market conditions—but Babb has approached each hurdle with creativity and determination. “Margins in the restaurant industry are tight, but with the right strategies and a strong team, you can find ways to thrive,” Babb said. She also emphasizes the importance of strong collaboration. “Franchising is a partnership,” she said. “Having the right support system in place—both locally and from corporate—makes all the difference when challenges arise.” Babb encourages aspiring franchisees to fully understand the demands of the business before jumping in. “Franchising isn’t a passive investment—it’s a hands-on endeavor,” she said. “But if you’re willing to put in the work and stay focused, it can be incredibly rewarding. The key is loving what you do and building something that truly matters.” Amanda Babb is focused on growing her business while continuing to serve her community. For her, the restaurant represents more than a business—it’s a space for connection, celebration, and shared meals. “This is about more than barbecue,” she said. “It’s about creating a space where people can connect and share great food together.” Laura Rea Dickey , CEO of Dickey’s Barbecue Restaurants, Inc ., praised Babb’s impact: “Amanda’s story exemplifies the spirit of Dickey’s. Her ability to transition from one career to another while excelling in both shows her resilience and dedication. She’s an inspiration to our entire system.” Roland Dickey , Jr., CEO of Dickey’s Capital Group, added: “Amanda’s commitment to her community and her business sets her apart as a leader. Her journey demonstrates the opportunities franchising can provide when paired with passion and hard work.” Babb’s story reflects the resilience, adaptability, and drive required to successfully transition from one career to another, and her success is a testament to the opportunities franchising offers. About Dickey’s Barbecue Restaurants, Inc. Founded in 1941 by The Dickey Family, Dickey's Barbecue Restaurants, Inc. is the world’s largest barbecue concept and continues as a third-generation family-run business. For over 80 years, Dickey’s Barbecue Pit has served millions with its signature Legit. Texas. Barbecue.TM Slow-smoked over hickory wood-burning pits, Dickey’s barbecued meats are paired with a variety of southern sides. Committed to authentic barbecue, Dickey’s never takes shortcuts—because real barbecue can’t be rushed. With over 866 restaurants across eight concepts in the U.S. and several countries, Dickey’s Barbecue Franchise and Dickey’s Restaurant Brands continues to grow under the leadership of Roland Dickey, Jr., CEO of Dickey’s Capital Group, and Laura Rea Dickey, CEO of Dickey’s Barbecue Pit, Inc. Dickey’s has been recognized on Newsweek’s 2022 "America’s Favorite Restaurant Chains" list, Nation’s Restaurant News 2024 top fast-casual brands for value, and USA Today’s 2021 Readers’ Choice Awards. The brand has also ranked in the Top 20 of Fast Casual’s “Top 100 Movers and Shakers” for four of the past five years. Additional accolades include Entrepreneur's Top 500 Franchise and Hospitality Technology’s Industry Heroes list. The brand has been featured by Fox News, Forbes, Franchise Times, The Wall Street Journal, and People Magazine . For more information, visit www.dickeys.com . For information about becoming a franchise partner, visit www.dickeysfranchise.com . Attachment Amanda Babb, Owner/Operator

Health authorities in the United Kingdom have warned the public against cheap Brazilian butt lift (BBL) from overseas clinics. The invasive cosmetic procedure is being offered abroad for under £3,000, inclusive of hotel accommodation and flight fare, to entice customers. In contrast, local BBL costs 70 percent higher in the United Kingdom, according to the National Health Service (NHS). However, a spate of deaths and medical complications arising from botched BBL surgeries, with the NHS frequently having to treat patients when they return home, prompted the warning posted on the NHS website on 21 December. In the post, NHS National Medical Director Professor Sir Stephen Powis also said BBL surgery has the highest death rate of all cosmetic procedures as the fat injected into the buttocks can lead to a pulmonary embolism, which is a blockage in a blood vessel in the lungs that can be fatal. “While many people’s social media feeds will be full of enticing looking offers in the run up to Christmas, the reality is these bargain basement cosmetic procedures are potentially deadly,” he warned. Meanwhile, a literal case of butt lifting has been remedied using 3-D printing technology. Mystic Aquarium senior veterinarian Dr. Molly Martony revealed that the company Adia measured and scanned Charlotte for the design of a customized prosthetic harness to remedy a “bubble butt syndrome” (BBS). Charlotte, a green sea turtle at the Connecticut aquarium, is suffering from BBS years after it was hit by a boat that damaged her shell and spinal cord. The BBS caused the male green sea turtle to be buoyant and vertical in the water because air in its gastro-intestinal tract lifts its butt up. The position can damage its organs, Claire Bolster, Charlotte’s handler, said, according to ABC News. With the prosthetic harness fitted on Charlotte’s shell, weights can be placed to pull his butt down and let him swim at level and more smoothly.

Homeland Security shares new details of mysterious drone flights over New Jersey, lawmaker says A New Jersey lawmaker from part of the state where several mysterious drones have been spotted in recent week says the devices appear to avoid detection by traditional methods. Assemblywoman Dawn Fantasia was among state officials who met Wednesday with representatives from the Department of Homeland Security. She says lawmakers were told the drones have dodged detection by helicopters and radio. Fantasia says DHS described the devices as up to 6 feet in diameter and sometimes traveling with their lights off. The Morris County Republican made the comments in a post on X shortly after she and several other state and local lawmakers met with state police and Homeland Security officials. Donald Trump will ring the New York Stock Exchange bell as he's named Time's Person of the Year NEW YORK (AP) — President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange for the first time and be named Time magazine's Person of the Year. Thursday's events will be a notable moment of twin recognitions for Trump, a born-and-bred New Yorker who has long seen praise from the business world and media as a sign of success. Four people with knowledge of his plans told The Associated Press that Trump was expected to be on Wall Street on Thursday to mark the ceremonial start of the day's trading, while a person familiar with the selection confirmed that Trump had been selected as Time's Person of the Year. Rape allegation against Jay-Z won’t impact NFL's relationship with music mogul, Goodell says IRVING, Texas (AP) — NFL Commissioner Roger Goodell says a rape allegation against rapper Jay-Z won’t impact the NFL's relationship with the music mogul. Jay-Z's company Roc Nation has produced some of the NFL’s entertainment presentations including the Super Bowl halftime show. A woman who previously sued Sean “Diddy” Combs alleging she was raped at an awards show after-party in 2000 amended the lawsuit Sunday to include an allegation that Jay-Z was also at the party and participated in the sexual assault. Jay-Z says the rape allegation made against him is part of an extortion attempt. The NFL teamed up with Jay-Z’s Roc Nation in 2019 for events and social activism. The league and the entertainment company extended their partnership a few months ago. Ohio politician proposes make flag planting a felony after fight in Michigan rivalry game An Ohio politician has seen enough flag planting. Republican state Rep. Josh Williams said Wednesday on social media he's introducing a bill to make flag planting in sports a felony in the state. His proposal comes after the Nov. 30 fight at the Michigan-Ohio State rivalry football game when the Wolverines beat the Buckeyes 13-10 and then attempted to plant their flag at midfield. A fight ensued and police had to use pepper spray to disperse the players. Former Oklahoma quarterback Baker Mayfield famously planted a flag in the middle of the field at Ohio State after the Sooners beat the Buckeyes in 2017. Gastineau confronts Favre in documentary for his 'dive' on Strahan's record-breaking sack Former New York Jets star Mark Gastineau confronted Brett Favre last year at a memorabilia show and angrily accused the Pro Football Hall of Fame quarterback of deliberately going down on a record-breaking sack. The tense exchange is shown in the new ESPN 30 for 30 documentary “The New York Sack Exchange." It chronicles the Jets’ fearsome foursome defensive line of the 1980s that included Gastineau. Gastineau set an NFL record with 22 sacks in 1984, but Pro Football Hall of Famer Michael Strahan broke the mark when he sacked Favre in 2002 in a game between the Giants and Packers. Many have accused Favre of purposely taking the sack so Strahan could set the single-season record with 22 1/2. What happens next with Alex Jones' Infowars? No certainty yet after sale to The Onion is rejected Lawyers in the Alex Jones bankruptcy case are now in discussions on what could happen next after a federal judge in Texas rejected the auction sale of Jones’ Infowars to The Onion satirical news outlet. The next steps remained unclear Wednesday as the judge ordered the trustee who oversaw the auction to come up with a new plan. Judge Christopher Lopez in Houston rejected the bid late Tuesday, saying there was too much confusion about The Onion’s bid. The bankruptcy case was in the wake of the nearly $1.5 billion that courts have ordered Jones to pay for calling the Sandy Hook Elementary School shooting in Connecticut a hoax. Sandy Hook families had backed The Onion’s bid. NFL and Nike extend their partnership with a 10-year deal, will focus on growing the sport globally IRVING, Texas (AP) — The NFL’s desire to become a global powerhouse is no secret. Nike is committed to helping the league continue expanding its worldwide reach. The league and the apparel giant announced Wednesday a 10-year partnership extension. The NFL and Nike will focus on working together to grow the game’s global reach, increase participation, develop new talent, and expand the football fan base. Nike, the world’s largest supplier of athletic shoes and apparel, has been the NFL’s exclusive provider of uniforms and sideline, practice and base layer apparel for all 32 NFL teams for 12 years. George Kresge Jr., who wowed talk show audiences as the The Amazing Kreskin, dies at age 89 NEW YORK (AP) — George Joseph Kresge Jr., otherwise known to TV watchers as the mesmerizing entertainer and mentalist The Amazing Kreskin, has died at age 89. Kreskin’s friend and former road manager, Ryan Galway, says he died Tuesday at his home in Caldwell, New Jersey. Kreskin launched his television career in the 1960s and remained popular for decades, appearing with everyone from Merv Griffin to Johnny Carson to Jimmy Fallon. Fans would welcome, if not entirely figure out, his favorite mind tricks — whether correctly guessing a playing card chosen at random, or, most famously, divining where his paycheck had been planted among the audience. He also hosted a show in the 1970s, gave live performances and wrote numerous books. Albertsons sues Kroger for failing to win approval of their proposed supermarket merger Kroger and Albertsons’ plan for the largest U.S. supermarket merger in history has crumbled. The two companies have accused each other of not doing enough to push their proposed alliance through, and Albertsons pulled out of the $24.6 billion deal on Wednesday. The bitter breakup came the day after a federal judge in Oregon and a state judge in Washington issued injunctions to block the merger, saying that combining the two grocery chains could reduce competition and harm consumers. Albertsons is now suing Kroger, seeking a $600 million termination fee, as well as billions of dollars in legal fees and lost shareholder value. Kroger says the legal claims are “baseless.” Keynote Selena Gomez spotlights prioritizing mental health during Academy Women's Luncheon LOS ANGELES (AP) — While surveying a room packed with Hollywood’s most influential figures, “Emilia Pérez” star Selena Gomez took center stage at the Academy Women’s Luncheon to spotlight a critical issue: Prioritizing mental health and supporting underserved communities often left behind in the conversation. The singer-actor has been public about her mental health struggles, revealing she had been diagnosed with bipolar disorder. Gomez was the keynote speaker Tuesday at the event held at the Academy Museum of Motion Pictures with attendees including Ariana Grande, Olivia Wilde, Amy Adams, Pamela Anderson, Rita Wilson, Ava DuVernay and Awkwafina.BNP and several other political parties raise questions about the Students Against Discrimination's decision to proclaim what it calls the July Revolution while Jamaat welcomes it. Sources in the BNP say their leaders apprehend that this move may delay the next election. They also wonder why the students are doing this five months after the uprising. The BNP wants an election at the earliest and believes that only an elected government can run the country. Ganosamhati Andolon and Gono Odhikar Parishad leaders say the Students Against Discrimination is trying to make it seem like it alone led to the ouster of Sheikh Hasina on August 5. Students' Convener Hasnat Abdullah yesterday said the Mujibbadi constitution of 1972 must be buried by the Proclamation of July Revolution. The Communist Party of Bangladesh says the people will not accept any move to disown the constitution. But BNP standing committee member Mirza Abbas said the constitution written in 1972 came at the cost of the blood of 30 lakh martyrs. "As your elders, we feel disappointed when you say that the constitution should be buried. If there is anything bad in the constitution, it can be amended," he said at an event. "I would like to tell the student leaders not to misunderstand us. When you say things like this, it sounds like fascism. The fascists used to say, 'We will bury them, kill them, and cut them apart," he was quoted as saying by UNB. Wishing anonymity, a central committee member of the BNP said, "The students have taken the initiative all of a sudden. There are many reasons to think this move is aimed at delaying the election. BNP wants to give the interim government the time that is logical to make some necessary reforms. It should not be unlimited time." CPB General Secretary Ruhin Hossain Prince said the 1972 constitution was the outcome of the country's long struggle. "The constitution and its preamble -- nationalism, socialism, democracy, and secularism -- were adopted as a continuation of the 21-point demands of the 1954 Jukta Front, the 11-point demands of 1969, and the Declaration of Independence during the Liberation War. Those who refuse to acknowledge this or want to repeal the 1972 Constitution and its preamble, are essentially disowning the Liberation War," he said. Jamaat spokesperson Motiur Rahman Akanda said, "We must welcome the Students Against Discrimination which is set to proclaim on December 31 the July mass uprising as a revolution. They led the mass uprising against the fascist Awami League government. "We will express our formal reaction after we know what is in the proclamation. We think the students can make such a proclamation. There is nothing wrong with it." Gono Odhikar Parishad General Secretary Rashed Khan said, "It is a whimsical decision by the students. If the students make any decision without consulting with political parties and other stakeholders, their move will raise questions. Before making decisions, the students should talk to others." Rashed also said making the proclamation so late defied logic. "It should be declared before the movement," he said, adding that students now want to take all the credit although many political parties, organisations and individuals were behind the movement. A leader of Ganosamhati Andolon, wishing anonymity, said students were making the move for political gains. BNP and several other political parties raise questions about the Students Against Discrimination's decision to proclaim what it calls the July Revolution while Jamaat welcomes it. Sources in the BNP say their leaders apprehend that this move may delay the next election. They also wonder why the students are doing this five months after the uprising. The BNP wants an election at the earliest and believes that only an elected government can run the country. Ganosamhati Andolon and Gono Odhikar Parishad leaders say the Students Against Discrimination is trying to make it seem like it alone led to the ouster of Sheikh Hasina on August 5. Students' Convener Hasnat Abdullah yesterday said the Mujibbadi constitution of 1972 must be buried by the Proclamation of July Revolution. The Communist Party of Bangladesh says the people will not accept any move to disown the constitution. But BNP standing committee member Mirza Abbas said the constitution written in 1972 came at the cost of the blood of 30 lakh martyrs. "As your elders, we feel disappointed when you say that the constitution should be buried. If there is anything bad in the constitution, it can be amended," he said at an event. "I would like to tell the student leaders not to misunderstand us. When you say things like this, it sounds like fascism. The fascists used to say, 'We will bury them, kill them, and cut them apart," he was quoted as saying by UNB. Wishing anonymity, a central committee member of the BNP said, "The students have taken the initiative all of a sudden. There are many reasons to think this move is aimed at delaying the election. BNP wants to give the interim government the time that is logical to make some necessary reforms. It should not be unlimited time." CPB General Secretary Ruhin Hossain Prince said the 1972 constitution was the outcome of the country's long struggle. "The constitution and its preamble -- nationalism, socialism, democracy, and secularism -- were adopted as a continuation of the 21-point demands of the 1954 Jukta Front, the 11-point demands of 1969, and the Declaration of Independence during the Liberation War. Those who refuse to acknowledge this or want to repeal the 1972 Constitution and its preamble, are essentially disowning the Liberation War," he said. Jamaat spokesperson Motiur Rahman Akanda said, "We must welcome the Students Against Discrimination which is set to proclaim on December 31 the July mass uprising as a revolution. They led the mass uprising against the fascist Awami League government. "We will express our formal reaction after we know what is in the proclamation. We think the students can make such a proclamation. There is nothing wrong with it." Gono Odhikar Parishad General Secretary Rashed Khan said, "It is a whimsical decision by the students. If the students make any decision without consulting with political parties and other stakeholders, their move will raise questions. Before making decisions, the students should talk to others." Rashed also said making the proclamation so late defied logic. "It should be declared before the movement," he said, adding that students now want to take all the credit although many political parties, organisations and individuals were behind the movement. A leader of Ganosamhati Andolon, wishing anonymity, said students were making the move for political gains.Wayne Rooney encourages I’m A Celeb viewers to vote for Coleen to do a trial

First Quarter of Fiscal 2025 Continuing Operations Highlights * Net sales were $145 million, a 2.3% increase compared to the prior year, with a 0.8% decline in organic sales. * * Operating margin was 21.4% and adjusted operating margin was 21.5%. Net income was $21.7 million, or $0.40 per diluted share, and adjusted net income was $21.9 million, or $0.40 per diluted share. GAAP and adjusted EPS increased 21% and 3% year-over-year, respectively. Adjusted EBITDA was $34.3 million and adjusted EBITDA margin was 23.6%. Completed acquisition of DTA with integration well underway. * This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") in addition to non-GAAP financial measures. Reconciliations of the non-GAAP financial measures to the comparable GAAP measures are presented in the tables accompanying this release. ** Organic sales represent net sales excluding the impact of foreign exchange rates, acquisitions, and divestitures. A reconciliation of organic sales to comparable net sales is presented in the tables accompanying this release. MILWAUKEE, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. EPAC (the "Company" or "Enerpac") today announced results for its fiscal first quarter ended November 30, 2024. "We entered fiscal 2025 mindful of a sluggish industrial macro environment," said Paul Sternlieb, Enerpac Tool Group's President & CEO. "Nonetheless, we believe Enerpac can continue to outperform the market given our global brand leadership, targeted growth strategy, customer-driven innovation, and continuous improvement process to enhance operational efficiency and productivity." Consolidated Results from Continuing Operations (US$ in millions, except per share) Three Months Ended November 30, 2024 November 30, 2023 Net Sales $145.2 $142.0 Operating Profit $31.1 $28.7 Adjusted Op Profit $31.3 $32.4 Net Earnings $21.7 $18.3 Diluted EPS $0.40 $0.33 Adjusted Diluted EPS $0.40 $0.39 Adjusted EBITDA $34.3 $34.9 First Quarter Fiscal 2025 Consolidated Results Comparisons "First quarter fiscal 2025 was essentially in line with our expectations, reflecting our ability to operate in a soft market, while lapping strong growth in the first quarter of fiscal 2024," said Darren Kozik, Executive Vice President and Chief Financial Officer. Consolidated net sales for the first quarter of fiscal 2025 were $145.2 million compared to $142.0 million in the prior-year period, an increase of 2.3%. Organic sales, excluding the acquisition of DTA and the impact of foreign currency, decreased 0.8% year-over-year. Service organic revenue growth of 5.6% was offset by a 2.7% decline in product sales. Net sales for Industrial Tools & Services (IT&S) increased 2.3%, driven by the increase in service revenue and the acquisition of DTA. The organic sales decline of 1.0% for IT&S was partially offset by a year-over-year improvement at Cortland Biomedical, which comprises the Other operating segment. Gross profit margin declined 90 basis points year-over-year to 51.4% due to lower sales in the Americas, a higher percentage of service revenue, and a return to normalized margins at Cortland. Selling, general and administrative expenses (SG&A) of $42.3 million were $2.3 million lower year-over-year. SG&A was 29.1% of sales, down from 31.4% in the year-ago period. Adjusted SG&A expenses, excluding one-time costs associated with the acquisition of DTA, were $42.2 million as compared to $41.1 million in fiscal 2024. The prior-year period adjusted SG&A excluded ASCEND and restructuring charges. As a percentage of sales, adjusted SG&A held flat at 29.0%. Operating profit increased 9% year-over-year to $31.1 million, with an operating profit margin of 21.4%, up from 20.2% in the first quarter of fiscal 2024. Adjusted operating profit decreased 3.6% to $31.3 million, with an adjusted operating margin of 21.5%, down from 22.8% in the year-ago period. First quarter fiscal 2025 net income and diluted EPS were $21.7 million and $0.40 respectively, compared to $18.3 million and $0.33, respectively, in the year-ago period. First quarter adjusted EBITDA was $34.3 million compared to $34.9 million in the year-ago period. Adjusted EBITDA margin declined 100 basis points year-over-year to 23.6% driven by lower gross margins coupled with the inclusion of DTA. Net cash provided by operating activities was $8.6 million for the first quarter of fiscal 2025 as compared to a use of $6.7 million in the prior-year period. Cash flow from operations was higher than the prior year, the benefit of higher net earnings, lower annual incentive compensation payments made in the first quarter compared to the prior year, and the absence of payments related to discontinued operations. Industrial Tools & Services (IT&S) (US$ in millions) Three Months Ended November 30, 2024 November 30, 2023 Net Sales $140.1 $137.0 Operating Profit $38.0 $35.6 Operating Profit % 27.1% 26.0% Adjusted Op Profit (1) $38.1 $38.5 Adjusted Op Profit % (1) 27.2% 28.1% (1) Excludes approximately $ 0.1 million of M&A costs in the first quarter of fiscal 202 5 a s compared to approximately $ 2.1 million of restructuring charges and $ 0.8 million of ASCEND charges in the first quarter of fiscal 202 4 . IT&S Results Comparisons First quarter fiscal 2025 net sales for IT&S were $140.1 million, an increase of 2.3% year-over-year with organic sales down 1.0%. The decline in organic sales was driven by a 3.0% decrease in product sales, partially offset by a 5.6% increase in service revenue. The segment's operating profit margin increased approximately 110 basis points to 27.1% as the prior-year period included ASCEND and restructuring costs. Adjusted operating profit margin declined 90 basis points to 27.2%, driven by sales mix and the inclusion of DTA's results. DTA Acquisition On September 4, Enerpac completed the acquisition of DTA, a producer of automated on-site horizontal movement products, to complement its Heavy Lifting Technology product portfolio. "With the integration well underway, we are capitalizing on the opportunity to leverage Enerpac's global sales network and expand DTA's sales outside of Europe," added Sternlieb. Corporate Expenses from Continuing Operations Corporate expenses were $8.2 million and $8.9 million for the first quarter of fiscal 2025 and fiscal 2024, respectively. The prior-year period included charges for ASCEND and restructuring. Adjusted corporate expenses (2) of $8.1 million for the first quarter of fiscal 2025 were flat as compared to the prior-year period. (2) F irst quarter fiscal 202 5 adj usted corp orate expenses exclude approximately $ 0.1 million of M &A costs a s compared to approximately $0. 3 million of restructuring charges and $ 0.4 million of ASCEND charges in the first quarter of fiscal 202 4 . Balance Sheet and Leverage (US$ in millions) November 30, 2024 August 31, 2024 November 30, 2023 Cash Balance $130.7 $167.1 $148.0 Debt Balance $193.3 $194.5 $244.5 Net Debt to Adjusted EBITDA * 0.5x 0.2x 0.9x * Calculated in accordance with the terms of the Company's September 2022 Senior Credit Facility. Net debt on November 30, 2024, was $62.6 million, resulting in a net debt to adjusted EBITDA ratio of 0.5x. The company repurchased approximately 110,000 shares of its common stock in the first quarter of fiscal 2025 for a total of $4.4 million under its share repurchase program announced in March 2022. Cash decreased from the end of fiscal 2024 primarily due to the acquisition of DTA in the first quarter of fiscal 2025. Outlook "With the first quarter results roughly as anticipated, we are maintaining our full-year fiscal 2025 guidance, including total revenue and adjusted EBITDA growth of 5% at the midpoint of our guidance," concluded Sternlieb. The Company is projecting a net sales range of $610 million to $625 million in fiscal 2025. The forecast anticipates organic sales growth of approximately 0% to 2%, with expected adjusted EBITDA in the range of $150 million to $160 million, and free cash flow between $85 million to $95 million. This forecast is based on the Company's key foreign exchange rate assumptions and assumes that there is no broad-based global recession. Conference Call Information An investor conference call is scheduled for 7:30 am CT on December 19, 2024. Webcast information and conference call materials, including an earnings presentation, are available on the Enerpac Tool Group company website ( www.enerpactoolgroup.com ). Safe Harbor Statement Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. In addition to statements with respect to guidance, the terms "outlook," "guidance," "may," "should," "could," "anticipate," "believe," "estimate," "expect," "objective," "plan," "project" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to inherent risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements. In addition to the assumptions and other factors referred to specifically in connection with such statements, risks and uncertainties that may cause actual results or events to differ materially from those contemplated by such forward-looking statements include, without limitation, general economic uncertainty, market conditions in the industrial, oil & gas, energy, power generation, infrastructure, commercial construction, truck and automotive industries, supply chain risks, including disruptions in deliveries from suppliers due to political tensions or the imposition, or threat of imposition, of tariffs, which could be affected by the outcome of the recent U.S. presidential election, the impact of geopolitical activity, including the invasion of Ukraine by Russia and international sanctions imposed in response thereto, as well as armed conflicts in the Middle East, including the impact on shipping in the Red Sea, the ability of the Company to achieve its plans or objectives related to its growth strategy, market acceptance of existing and new products, market acceptance of price increases, successful integration of acquisitions, the impact of dispositions and restructurings, the ability of the Company to continue to achieve its plans or objectives related to the PEP program, operating margin risk due to competitive pricing and operating efficiencies, risks related to reliance on independent agents and distributors for the distribution and service of products, material, labor, or overhead cost increases, tax law changes, foreign currency risk, interest rate risk, commodity risk, tariffs, litigation matters, cybersecurity risk, impairment of goodwill or other intangible assets, the Company's ability to access capital markets and other risks and uncertainties that may be referred to or noted in the Company's reports filed with the Securities and Exchange Commission from time to time, including those described in the Company's Form 10-K for the fiscal year ended August 31, 2024. Enerpac Tool Group disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason. Non-GAAP Financial Information This press release contains financial measures that are not measures presented in conformity with GAAP. These non-GAAP measures include organic sales, EBITDA from continuing operations, adjusted EBITDA from continuing operations, adjusted earnings from continuing operations, adjusted diluted earnings per share from continuing operations, adjusted operating profit from continuing operations, segment adjusted operating profit and adjusted EBITDA, adjusted corporate expense, adjusted SG&A expense, free cash flow and net debt. This press release includes reconciliations of non-GAAP measures to the most comparable GAAP measure, included in the tables attached to this press release or in footnotes to the tables included in this press release. Management believes the non-GAAP measures presented in this press release are commonly used financial measures for investors to evaluate Enerpac Tool Group's operating performance and financial position with respect to the periods presented and, when read in conjunction with the condensed consolidated financial statements, present a useful tool to evaluate ongoing operations and provide investors with metrics they can use to evaluate aspects of the Company's performance from period to period. In addition, these are some of the financial metrics management uses in internal evaluations of the overall performance of the Company's business. Management acknowledges that there are many items that impact a company's reported results and the adjustments reflected in these non-GAAP measures are not intended to present all items that may have impacted these results. In addition, these non-GAAP measures are not necessarily comparable to similarly titled measures used by other companies. About Enerpac Tool Group Enerpac Tool Group Corp. is a premier industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The Company makes complex, often hazardous jobs possible safely and efficiently. Enerpac Tool Group's businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC. For further information on Enerpac Tool Group and its businesses, visit the Company's website at www.enerpactoolgroup.com . (tables follow) Enerpac Tool Group Corp. Condensed Consolidated Balance Sheets (In thousands) (Unaudited) November 30, August 31, 2024 2024 Assets Current assets Cash and cash equivalents $ 130,733 $ 167,094 Accounts receivable, net 100,654 104,335 Inventories, net 81,198 72,887 Other current assets 37,185 27,942 Total current assets 349,770 372,258 Property, plant and equipment, net 45,821 40,285 Goodwill 287,502 269,597 Other intangible assets, net 34,482 36,058 Other long-term assets 57,776 59,130 Total assets $ 775,351 $ 777,328 Liabilities and Shareholders' Equity Current liabilities Current maturities of long-term debt $ 5,000 $ 5,000 Trade accounts payable 46,931 43,368 Accrued compensation and benefits 18,447 25,856 Income taxes payable 5,729 5,321 Other current liabilities 43,835 49,848 Total current liabilities 119,942 129,393 Long-term debt, net 188,294 189,503 Deferred income taxes 6,111 3,696 Pension and postretirement benefit liabilities 9,067 10,073 Other long-term liabilities 53,928 52,684 Total liabilities 377,342 385,349 Shareholders' equity Capital stock 10,880 10,847 Additional paid-in capital 233,964 235,660 Retained earnings 279,239 261,870 Accumulated other comprehensive loss (126,074 ) (116,398 ) Stock held in trust (3,774 ) (3,777 ) Deferred compensation liability 3,774 3,777 Total shareholders' equity 398,009 391,979 Total liabilities and shareholders' equity $ 775,351 $ 777,328 Enerpac Tool Group Corp. Condensed Consolidated Statements of Earnings (In thousands) Three Months Ended November 30, November 30, 2024 2023 Net sales $ 145,196 $ 141,970 Cost of products sold 70,544 67,720 Gross profit 74,652 74,250 Selling, general and administrative expenses 42,318 42,216 Amortization of intangible assets 1,202 824 Restructuring charges - 2,401 Impairment & divestiture charges - 147 Operating profit 31,132 28,662 Financing costs, net 2,770 3,697 Other expense, net 487 991 Earnings before income tax expense 27,875 23,974 Income tax expense 6,152 5,669 Net earnings from continuing operations 21,723 18,305 Loss from discontinued operations, net of income taxes - (567 ) Net earnings $ 21,723 $ 17,738 Earnings per share from continuing operations Basic $ 0.40 $ 0.34 Diluted 0.40 0.33 Loss per share from discontinued operations Basic $ - $ (0.01 ) Diluted - (0.01 ) Earnings per share Basic $ 0.40 $ 0.33 Diluted 0.40 0.32 Weighted average common shares outstanding Basic 54,242 54,527 Diluted 54,812 55,008 Enerpac Tool Group Corp. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) Three Months Ended November 30, November 30, 2024 2023 Operating Activities Cash provided by (used in) operating activities - continuing operations 8,649 (3,917 ) Cash used in operating activities - discontinued operations - (2,758 ) Cash provided by (used in) operating activities $ 8,649 $ (6,675 ) Investing Activities Capital expenditures (5,857 ) (1,567 ) Purchase of business assets - (1,027 ) Cash paid for business acquisitions, net of cash acquired (27,196 ) - Cash used in investing activities - continuing operations $ (33,053 ) $ (2,594 ) Cash used in investing activities $ (33,053 ) $ (2,594 ) Financing Activities Borrowings on revolving credit facility 14,421 39,000 Principal repayments on revolving credit facility (14,421 ) (8,000 ) Principal repayments on term loan (1,250 ) (625 ) Purchase of treasury shares (4,379 ) (26,116 ) Stock options, taxes paid related to the net share settlement of equity awards & other (4,987 ) 236 Payment of cash dividend (2,167 ) (2,178 ) Cash (used in) provided by financing activities - continuing operations $ (12,783 ) $ 2,317 Cash (used in) provided by financing activities $ (12,783 ) $ 2,317 Effect of exchange rate changes on cash 826 493 Net decrease from cash and cash equivalents $ (36,361 ) $ (6,459 ) Cash and cash equivalents - beginning of period 167,094 154,415 Cash and cash equivalents - end of period $ 130,733 $ 147,956 Enerpac Tool Group Corp. Supplemental Unaudited Data Reconciliation of GAAP Measures to Non-GAAP Measures for Continuing Operations (In thousands) Fiscal 2024 Fiscal 2025 Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Net Sales Industrial Tools & Services Segment $ 137,035 $ 134,822 $ 145,936 $ 153,360 $ 571,153 $ 140,134 $ - $ - $ - $ 140,134 Other 4,935 3,615 4,453 5,354 18,357 5,062 - - - 5,062 Enerpac Tool Group $ 141,970 $ 138,437 $ 150,389 $ 158,714 $ 589,510 $ 145,196 $ - $ - $ - $ 145,196 % Net Sales Growth (Decline) Year over Year Industrial Tools & Services Segment 7.6 % 3.0 % 1.3 % 0.3 % 2.9 % 2.3 % - - - 2.3 % Other -59.2 % -67.3 % -63.3 % -31.0 % -57.3 % 2.6 % - - - 2.6 % Enerpac Tool Group 1.9 % -2.5 % -3.8 % -1.2 % -1.5 % 2.3 % - - - 2.3 % Adjusted Selling, general and administrative expenses Selling, general and administrative expenses $ 42,216 $ 40,723 $ 42,101 $ 43,524 $ 168,565 $ 42,318 $ - $ - $ - $ 42,318 M&A charges - - - (121 ) (121 ) (152 ) - - - (152 ) ASCEND transformation program charges (1,093 ) (1,370 ) (1,457 ) (2,109 ) (6,029 ) - - - - - Adjusted Selling, general and administrative expenses $ 41,123 $ 39,353 $ 40,644 $ 41,294 $ 162,415 $ 42,166 $ - $ - $ - $ 42,166 Adjusted Selling, general and administrative expenses % Enerpac Tool Group 29.0 % 28.4 % 27.0 % 26.0 % 27.6 % 29.0 % - - - 29.0 % Adjusted Operating profit Operating profit $ 28,662 $ 29,521 $ 33,363 $ 30,040 $ 121,587 $ 31,132 $ - $ - $ - $ 31,132 Impairment & divestiture charges 147 - - - 147 - - - - - Restructuring charges (1) 2,401 398 1,595 3,450 7,843 - - - - - M&A charges - - - 121 121 152 - - - 152 ASCEND transformation program charges 1,229 1,607 2,042 2,168 7,047 - - - - - Adjusted Operating profit $ 32,439 $ 31,526 $ 37,000 $ 35,779 $ 136,745 $ 31,284 $ - $ - $ - $ 31,284 Adjusted Operating profit by Segment Industrial Tools & Services Segment $ 38,470 $ 38,909 $ 43,648 $ 42,989 $ 164,016 $ 38,074 $ - $ - $ - $ 38,074 Other 2,118 (79 ) 1,284 1,120 4,443 1,319 - - - 1,319 Corporate / General (8,149 ) (7,304 ) (7,932 ) (8,330 ) (31,714 ) (8,109 ) - - - (8,109 ) Adjusted operating profit $ 32,439 $ 31,526 $ 37,000 $ 35,779 $ 136,745 $ 31,284 $ - $ - $ - $ 31,284 Adjusted Operating profit % Industrial Tools & Services Segment 28.1 % 28.9 % 29.9 % 28.0 % 28.7 % 27.2 % - - - 27.2 % Other 42.9 % -2.2 % 28.8 % 20.9 % 24.2 % 26.1 % - - - 26.1 % Adjusted Operating Profit % 22.8 % 22.8 % 24.6 % 22.5 % 23.2 % 21.5 % - - - 21.5 % EBITDA from Continuing Operations (2) Net earnings from continuing operations $ 18,305 $ 17,871 $ 22,621 $ 23,409 $ 82,207 $ 21,723 $ - $ - $ - $ 21,723 Financing costs, net 3,697 3,711 3,385 2,731 13,524 2,770 - - - 2,770 Income tax expense 5,669 7,396 6,813 3,435 23,312 6,152 - - - 6,152 Depreciation & amortization 3,426 3,328 3,216 3,304 13,275 3,514 - - - 3,514 EBITDA $ 31,097 $ 32,306 $ 36,035 $ 32,879 $ 132,318 $ 34,159 $ - $ - $ - $ 34,159 Adjusted EBITDA EBITDA $ 31,097 $ 32,306 $ 36,035 $ 32,879 $ 132,318 $ 34,159 $ - $ - $ - $ 34,159 Impairment & divestiture charges 147 - - - 147 - - - - - Restructuring charges (1) 2,401 398 1,595 3,450 7,843 - - - - - M&A charges - - - 121 121 152 - - - 152 ASCEND transformation program charges 1,229 1,607 2,042 2,168 7,047 - - - - - Adjusted EBITDA $ 34,874 $ 34,311 $ 39,672 $ 38,618 $ 147,476 $ 34,311 $ - $ - $ - $ 34,311 Adjusted EBITDA by Segment Industrial Tools & Services Segment $ 40,880 $ 41,443 $ 45,706 $ 45,629 $ 173,659 $ 40,807 $ - $ - $ - $ 40,807 Other 2,324 141 1,497 1,367 5,330 1,546 - - - 1,546 Corporate / General (8,330 ) (7,273 ) (7,531 ) (8,378 ) (31,513 ) (8,042 ) - - - (8,042 ) Adjusted EBITDA $ 34,874 $ 34,311 $ 39,672 $ 38,618 $ 147,476 $ 34,311 $ - $ - $ - $ 34,311 Adjusted EBITDA % Industrial Tools & Services Segment 29.8 % 30.7 % 31.3 % 29.8 % 30.4 % 29.1 % - - - 29.1 % Other 47.1 % 3.9 % 33.6 % 25.5 % 29.0 % 30.5 % - - - 30.5 % Adjusted EBITDA % 24.6 % 24.8 % 26.4 % 24.3 % 25.0 % 23.6 % - - - 23.6 % Notes: (1) Approximately $0.4 million of the Q4 fiscal 2024 restructuring charges were recorded in cost of products sold. (2) EBITDA represents net earnings from continuing operations before financing costs, net, income tax expense, and depreciation & amortization. Neither EBITDA nor adjusted EBITDA are calculated based upon generally accepted accounting principles ("GAAP"). The amounts included in the EBITDA and adjusted EBITDA calculation, however, are derived from amounts included in the Condensed Consolidated Statements of Earnings. EBITDA and adjusted EBITDA should not be considered as alternatives to net earnings, operating profit or operating cash flows. The Company has presented EBITDA and adjusted EBITDA because it regularly reviews these performance measures. In addition, EBITDA and adjusted EBITDA are used by many of our investors and lenders, and are presented as a convenience to them. The EBITDA and adjusted EBITDA measures presented may not always be comparable to similarly titled measures reported by other companies due to differences in the components of the calculation. Enerpac Tool Group Corp. Supplemental Unaudited Data Reconciliation of GAAP Measures to Non-GAAP Measures (Continued) (In thousands) Fiscal 2024 Fiscal 2025 Q1 Q1 Net Sales Industrial Tools & Services Segment $ 137,035 $ 140,134 Other 4,935 5,062 Enerpac Tool Group $ 141,970 $ 145,196 Adjustment: Fx Impact on Net Sales Industrial Tools & Services Segment $ 1,229 $ - Other - - Enerpac Tool Group $ 1,229 $ - Adjustment: Impact from Divestitures or Acquisitions on Net Sales Industrial Tools & Services Segment - (3,184 ) Other - - Enerpac Tool Group $ - $ (3,184 ) Organic Sales by Segment (3) Industrial Tools & Services Segment $ 138,264 $ 136,950 Other 4,935 5,062 Enerpac Tool Group $ 143,199 $ 142,012 Organic Sales Growth (Decline) % Industrial Tools & Services Segment -1.0 % Other 2.6 % Enerpac Tool Group -0.8 % Net Sales by Product Line Product $ 109,856 $ 111,149 Service 32,114 34,047 Enerpac Tool Group $ 141,970 $ 145,196 Adjustment: Fx Impact on Net Sales Product $ 1,115 $ - Service 113 - Enerpac Tool Group $ 1,229 $ - Adjustment: Impact from Divestitures or Acquisitions on Net Sales Product - (3,184 ) Service - - Enerpac Tool Group $ - $ (3,184 ) Organic Sales by Product Line (3) Product $ 110,971 $ 107,965 Service 32,227 34,047 Enerpac Tool Group $ 143,199 $ 142,012 Organic Sales Growth (Decline) % Product -2.7 % Service 5.6 % Enerpac Tool Group -0.8 % (3) Organic Sales is defined as sales excluding the impact to foreign currency changes and the impact from recent acquisitions and divestitures to net sales. Enerpac Tool Group Corp. Supplemental Unaudited Data Reconciliation of GAAP Measures to Non-GAAP Measures (Continued) (In thousands, except for per share amounts) Fiscal 2024 Fiscal 2025 Q1 Q2 Q3 Q4 TOTAL Q1 Q2 Q3 Q4 TOTAL Adjusted Earnings (4) Net Earnings $ 17,738 $ 17,817 $ 25,778 $ 24,416 $ 85,749 $ 21,723 $ - $ - $ - $ 21,723 (Loss) earnings from Discontinued Operations, net of income tax (567 ) (54 ) 3,157 1,007 3,542 - - - - - Net Earnings from Continuing Operations $ 18,305 $ 17,871 $ 22,621 $ 23,409 $ 82,207 $ 21,723 $ - $ - $ - $ 21,723 Impairment & divestiture charges 147 - - - 147 - - - - - Restructuring charges (1) 2,401 398 1,595 3,450 7,843 - - - - - M&A charges - - - 121 121 152 - - - 152 ASCEND transformation program charges 1,229 1,607 2,042 2,168 7,047 - - - - - Net tax effect of reconciling items above (411 ) (185 ) (666 ) (1,683 ) (2,945 ) (4 ) - - - (4 ) Other income tax expense - 137 - - 137 - - - - - Adjusted Net Earnings from Continuing Operations $ 21,671 $ 19,828 $ 25,592 $ 27,465 $ 94,557 $ 21,871 $ - $ - $ - $ 21,871 Adjusted Diluted Earnings per share (4) Net Earnings $ 0.32 $ 0.33 $ 0.47 $ 0.44 $ 1.56 $ 0.40 $ - $ - $ - $ 0.40 (Loss) earnings from Discontinued Operations, net of income tax (0.01 ) (0.00 ) 0.06 0.02 0.06 - - - - - Net Earnings from Continuing Operations $ 0.33 $ 0.33 $ 0.41 $ 0.43 $ 1.50 $ 0.40 $ - $ - $ - $ 0.40 Impairment & divestiture charges, net of tax effect 0.00 - - - 0.00 - - - - - Restructuring charges (1), net of tax effect 0.04 0.00 0.02 0.04 0.11 - - - - - M&A charges, net of tax effect - - - 0.00 0.00 0.00 - - - 0.00 ASCEND transformation program charges, net of tax effect 0.02 0.03 0.03 0.03 0.11 - - - - - Other income tax expense - 0.00 - - 0.00 - - - - - Adjusted Diluted Earnings per share from Continuing Operations $ 0.39 $ 0.36 $ 0.47 $ 0.50 $ 1.72 $ 0.40 $ - $ - $ - $ 0.40 Free Cash Flow Cash (used in) provided by operating activities $ (6,675 ) $ 13,327 $ 30,306 $ 44,361 $ 81,319 $ 8,649 $ 8,649 Capital expenditures (1,567 ) (1,585 ) (1,818 ) (6,441 ) (11,411 ) (5,857 ) (5,857 ) Free Cash Flow $ (8,242 ) $ 11,742 $ 28,488 $ 37,920 $ 69,908 $ 2,792 $ - $ - $ - $ 2,792 Notes continued: (4) Adjusted earnings from continuing operations and adjusted diluted earnings per share represent net earnings and diluted earnings per share per the Condensed Consolidated Statements of Earnings net of charges or credits for items to be highlighted for comparability purposes. These measures are not calculated based upon GAAP and should not be considered as an alternative to net earnings or diluted earnings per share or as an indicator of the Company's operating performance. However, this presentation is important to investors for understanding the operating results of the current portfolio of Enerpac Tool Group companies. For all reconciliations of GAAP measures to Non-GAAP measures, the summation of the individual components may not equal the total due to rounding. With respect to the earnings per share reconciliations the impact of share dilution on the calculation of the net earnings or loss per share and discontinued operations per share may result in the summation of these components not equaling the total earnings per share from continuing operations. Enerpac Tool Group Corp. Supplemental Unaudited Data Reconciliation of GAAP To Non-GAAP Guidance (In millions) Fiscal 2025 Low High Reconciliation of Continuing Operations GAAP Operating Profit To Adjusted EBITDA (5) GAAP Operating profit $ 135 $ 147 Other expense, net (1 ) (1 ) Depreciation & amortization 16 14 Adjusted EBITDA $ 150 $ 160 Reconciliation of GAAP Cash Flow From Operations to Free Cash Flow Cash provided by operating activities $ 61 $ 76 Capital expenditures 24 19 Free Cash Flow $ 85 $ 95 Notes continued: (5) Management does not provide guidance on certain GAAP financial measures as we are unable to predict and estimate with certainty items such as potential impairments, refinancing costs, business divestiture gains/losses, discrete tax adjustments, or other items impacting GAAP financial metrics. As a result, we have included only those items about which we are aware and are reasonably likely to occur during the guidance period covered. Contact: Travis Williams Senior Director, Investor Relations +1.262.293.1912 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Jimmy Carter, the 39th U.S. president, has died at 100

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