Enerpac Tool Non-GAAP EPS of $0.47 in-line, revenue of $150.39M misses by $2.61M

Enerpac Tool press release (NYSE:EPAC): Q3 Non-GAAP EPS of $0.47 in-line.
Revenue of $150.39M (-3.8% Y/Y) misses by $2.61M.
Organic sales increased 1.2% year-over-year
Gross margin expanded 200 basis points year-over-year to 51.8%
Operating margin was 22.2% and adjusted operating margin was 24.6%
Adjusted EBITDA was $40 million, an increase of 6% year-over-year
Adjusted EBITDA margin was 26.4%, an expansion of 240 basis points year-over-year
Narrowing full-year organic revenue growth to 2% to 3% and raising the midpoint of adjusted EBITDA guidance.
Shares -9.33%.