Nov 14, 2019 / 03:00PM GMT
Operator
(technical difficulty)
Randal Wayne Baker - Actuant Corporation - President, CEO & Director
Just later on, why do you have manpower, but then we'll explain that. Manpower is a great way to get out and market our tools. Because when you have 1,000 employees on job sites all over the world, bringing in Enerpac tools to work with them and showing them in a mine site or an oil and gas site, to work and repair the equipment with your product, it's a great marketing tool and a great way to take it.
The second piece of that is rental. And the good news is rental is also very high-margin and comprises half of what we call service. So when you have service, taking the manpower out, taking the rental and adding it into the product sales, it means over 80% of the product of our company is coming from very, very high-margin products. So that really underpins the quality of the company, and that's some of the things we're going to show you today.
One other piece that I think is very important to mention as we go through this presentation is the channel
Enerpac Tool Group Investor Day Transcript
Feb 10, 2024
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