logo
Enerpac: Fiscal Q3 Earnings Snapshot

Enerpac: Fiscal Q3 Earnings Snapshot

MENOMONEE FALLS, Wis. (AP) — MENOMONEE FALLS, Wis. (AP) — Enerpac Tool Group Corp. (EPAC) on Thursday reported earnings of $22 million in its fiscal third quarter.
The Menomonee Falls, Wisconsin-based company said it had profit of 41 cents per share. Earnings, adjusted for one-time gains and costs, came to 51 cents per share.
The industrial products company posted revenue of $158.7 million in the period.
Enerpac expects full-year revenue in the range of $610 million to $625 million.
_____
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

North Koreans swim and play at a beach resort touted as a boost for tourism
North Koreans swim and play at a beach resort touted as a boost for tourism

San Francisco Chronicle​

timean hour ago

  • San Francisco Chronicle​

North Koreans swim and play at a beach resort touted as a boost for tourism

SEOUL, South Korea (AP) — North Koreans swam, rode water park slides and enjoyed other water activities at a newly opened mammoth beach resort, state media reported Wednesday, as the country largely maintains a ban on the entry of foreign tourists. The Wonsan-Kalma eastern coastal tourist zone, which North Korea says can accommodate nearly 20,000 people, is at the heart of leader Kim Jong Un's push to boost tourism as a way to improve his country's struggling economy. But prospects for the resort, the biggest tourist complex in North Korea, aren't clear, as the country won't likely fully reopen its borders and embrace Western tourists anytime soon, observers say. The official Korean Central News Agency reported the Wonsan-Kalma area began service Tuesday, drawing a large number of North Koreans who enjoyed open water swimming, slides and other attractions at a water park and various water activities in the area. 'The guests' hearts were filled with overwhelming emotion as they felt the astonishing new heights of our-style tourism culture blossoming under the era of the Workers' Party," KCNA said in a typical propaganda-driven dispatch. Photos released by North Korean state media showed children with tubes and inflatable balls dipping into the sea, while others in colorful swimsuits beamed while sitting beneath red-and-white parasols. Kim said at the opening ceremony last week the site would be recorded as 'one of the greatest successes this year" and called its opening 'the proud first step' toward realizing the government's policy of developing tourism. State media said North Korea has plans to build similar tourist zones around the country. North Korea, however, hasn't said whether and when it would fully resume international tourism that is key to their success. Since 2022, North Korea has been slowly easing the curbs imposed during the COVID-19 pandemic and reopening its borders in phases. But Chinese group tours, which made up more than 90% of visitors before the pandemic, remain stalled while there are questions about ties between the two socialist neighbors. In February this year, North Korea allowed a small group of international tourists to visit its northeastern border city of Rason, only to stop that tour program in less than a month. Since February 2024, North Korea has been accepting Russian tourists amid expanding military cooperation between the countries. But Russian government records seen by South Korean experts show a little more than 2,000 Russians, only about 880 of them tourists, visited North Korea last year, a number that is too small to revive North Korea's tourism. Russia's Primorsky region, which borders North Korea, said last week that the first group of Russian tourists to the Wonsan-Kalma resort will depart on July 7 for a eight-day trip that includes a visit to Pyongyang.

US, Indo-Pacific partners agree to strengthen maritime, critical minerals cooperation
US, Indo-Pacific partners agree to strengthen maritime, critical minerals cooperation

Hamilton Spectator

time2 hours ago

  • Hamilton Spectator

US, Indo-Pacific partners agree to strengthen maritime, critical minerals cooperation

WASHINGTON (AP) — The United States. Australia, India and Japan have agreed to expand their cooperation on maritime security in the Indo-Pacific and further collaborate on supplies of critical minerals and rare earths that are key components of high-tech production. The foreign ministers of the four countries, known as the 'Quad,' met in Washington on Tuesday as the Trump administration seeks to expand U.S. influence in the Indo-Pacific to compete with a rising China amid tensions with partners over trade and defense issues. In a joint meeting with his three colleagues, Secretary of State Marco Rubio said the Quad must be a 'vehicle for action' that goes beyond statements of intent and stressed that commerce and trade will be critical to ensuring the group's relevance in the future. To that end, the four announced in a statement the creation of a 'Quad Critical Minerals Initiative' that aims 'to strengthen economic security and collective resilience by collaborating on securing and diversifying critical mineral supply chains.' The statement did not provide details of the initiative. 'We are deeply concerned about the abrupt constriction and future reliability of key supply chains, specifically for critical minerals,' they said. 'This includes the use of non-market policies and practices for critical minerals, certain derivative products, and mineral processing technology.' The statement did not mention China by name, but Chinese domination of the critical minerals supply chain has long been a concern of the U.S. and others. The ministers expressed specific concern about rising tensions in the East and South China Seas, where Beijing has become increasingly assertive of maritime and territorial claims that are rejected by its smaller neighbors. 'We reiterate our strong opposition to any unilateral actions that seek to change the status quo by force or coercion,' they said. 'We express our serious concerns regarding dangerous and provocative actions, including interference with offshore resource development, the repeated obstruction of the freedoms of navigation and overflight, and the dangerous maneuvers by military aircraft and coast guard and maritime militia vessels, especially the unsafe use of water cannons and ramming or blocking actions in the South China Sea.' The ministers also condemned North Korea for continuing to launch ballistic missiles, expand its nuclear weapons program and engage in malicious cyberactivity. In a veiled reference to North Korean support for Russia in its war against Ukraine, they expressed 'deep concern about countries that are deepening military cooperation with North Korea, which directly undermines the global nonproliferation regime.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .

All-Star winger Mitch Marner looks forward to fitting into family culture of Vegas Golden Knights
All-Star winger Mitch Marner looks forward to fitting into family culture of Vegas Golden Knights

Hamilton Spectator

time2 hours ago

  • Hamilton Spectator

All-Star winger Mitch Marner looks forward to fitting into family culture of Vegas Golden Knights

LAS VEGAS (AP) — Family. Winning. Culture. All three have become synonymous with the Vegas Golden Knights through their first eight years in the NHL. They matched the attributes on Mitch Marner's list and why he agreed to a sign-and-trade from Toronto to Vegas, ultimately leaving the organization that drafted him fourth overall in 2015, two years before the Knights entered the league. 'Obviously, the winning regimen they've put up through the last five years, really since they've been in the league,' Marner said during his introductory news conference Tuesday. 'The living arrangements from talking to (Max) Pacioretty and Reavo (Ryan Reaves) just through the last couple weeks, it seemed like everything was a pretty good fit for my wife and I and our new son. 'And you know, the great players they have here. It's where we wanted to be.' Of course, a $96 million contract for a maximum of eight years didn't hurt, either. Both Marner and Vegas general manager Kelly McCrimmon said it was important to get the deal done before July 1, when Marner would have been eligible to go anywhere else and would have been the most sought-after player beginning at noon EDT. 'This was a spot that was very high on my list,' said Marner, with his wife Stephanie and 3-month-old son Miles in the front row, along with his parents, Paul and Bonnie. 'We wanted to come here and went back to my agent and said I'm open to doing this if we can find a way to do it. A couple hours later Kelly called me and said we got a deal going on. 'We thought about going to free agency, but this is the place we want to be. We didn't want to lose that opportunity. And we want to join this hockey team.' Marner joins Vegas' talented and successful core of Mark Stone, Jack Eichel, William Karlsson, Shea Theodore and Adin Hill, which has made the playoffs three years in a row under coach Bruce Cassidy, including winning the Stanley Cup in 2023. 'You want to be in a place where you want to win,' Marner said. 'That's the whole goal of why we do this, you want to hoist that Stanley Cup. This team has shown that they can do it. I'm lucky enough now to hopefully bring another piece in to help bring it back here.' The deal for Marner opened up after Vegas announced veteran defenseman Alex Pietrangelo was stepping away from hockey because his hip injury would require bilateral femur reconstruction that McCrimmon said had 'no guarantee of success.' Pietrangelo going on long-term injured reserve in part paves the way for the Golden Knights to fit Marner in under the salary cap. McCrimmon said Tuesday he doesn't believe Pietrangelo will ever play hockey again. Marner, however, has plenty to offer the Knights, as the two-time All-Star winger leaves the Maple Leafs as their fifth-highest scorer in franchise history at 741 points in the regular season on 221 goals (14th) and 520 assists (fourth). The 28-year-old's 521 assists since his rookie season (2016-17) ranks fifth in the NHL, while he ranks eighth with 741 points. 'We're getting one of the best forwards in the National Hockey League,' said McCrimmon, who also said that conversations about acquiring Marner went back to the trade deadline. 'Elite playmaker, tremendous passer. ... Our fans will love this player. He really adds to our team. He adds to our offense. It gives us another F1 star at the forward position, which we really feel is important. I think that it improves our team tremendously. 'When it appeared that Mitch would be going to free agency, he was our target. He was the player that we wanted.' ___ AP Hockey Writers Stephen Whyno and John Wawrow contributed to this report. ___ AP NHL:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store