Enerpac Tool Group Corp. (EPAC) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to InterPAC Tool Group second quarter fiscal 2026 earnings call. Please note that this call is being recorded. After the speaker's prepared remarks, there will be a question and answer session. If you'd like to ask a question during that time, please press star followed by one on your telephone keypad. Thank you. I'd now like to hand the call over to Darren Kozik, CFO. Please go ahead. Thank you, operator. Good morning, and thank you for joining us for Interpac Tool Group's earnings call for the second quarter of fiscal 2026. Joining me on the call today is our president and chief executive officer, Paul Sternlieb. The slides referenced on today's call are available on the investor relations section of the company's website, which you can download and follow along. A recording of today's call will also be made available on our website. Today's call will reference non-GAAP measures. You can find a reconciliation of GAAP to non-GAAP measures in the press release issued yesterday. Our comments will also include forward-looking statements that are subject to business risks that could cause actual results to be materially different. Those risks include matters noted in our latest SEC filings. Now, I will turn the call over to Paul. Thanks, Darren, and thank you, everyone, for joining us this morning. As we look back at our second quarter of fiscal 2026 performance, there was a lot to be pleased about. Within our industrial tools and service segment, or IT&S, product sales accelerated, growing 6% organically year over year. That represents the highest growth in products that we've enjoyed in 10 quarters since the fourth quarter of fiscal 2023. Through February, we saw some strengthening in the U.S. market, with the PMI reflecting two consecutive months of...