Enerpac Tool Group Corp Q3 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Brendan J. Popson - CJS Securities, Inc. - Analyst : Great results. I want to ask first on Europe. You talked about, last quarter, some challenges with the infrastructure and bridge work. Numbers were great this quarter. So it seems like a lot of that cleared up, but is there still any headwinds there in Europe? Or is it all pretty normal now compared to where we sat last quarter?

Question: Brendan J. Popson - CJS Securities, Inc. - Analyst : Okay. Great. And then just looking at your long-term goals, exiting the year pre-pandemic levels and that would indicate your adjusted EBITDA approaching 21%, 22% after your cost optimizations you've done, but there'd be some pretty -- very strong incrementals. And of course, you have these increased costs going on presently. So I guess netting all of these factors, I mean, is that kind of structural margin still possible at pre-pandemic levels with this price action that you're doing? And could you kind of help us net all of these things that are going on? And where you see that structural margin going?

Question: Brendan J. Popson - CJS Securities, Inc. - Analyst : Great. And just quickly follow up on my first question. I actually misread my notes. The delays -- infrastructure bridge delays were in the U.S. So if you could just follow up on anything there with the infrastructure work?