Enerpac Tool Group Corp. (EPAC) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

to 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 risk that could cause actual results to be materially different. Those risks include matters noted in our latest SEC filings. Now I'll turn it over to Paul. Thanks, Travis. Good morning and welcome from our new headquarters at the Interpac Center in downtown Milwaukee. We were pleased with our performance in the quarter. Two of our three geographic regions, along with the Cortland biomedical business, posted strong growth. Including the acquired DTA business, total year-over-year revenue growth was 6%. While this represented record third quarter revenue since the relaunch of Interpac Tool Group in 2019, We are taking a cautious posture entering the fourth quarter, given the increasing level of economic and geopolitical uncertainty. Nonetheless, we believe Enerpac can continue to outperform its industrial peers in what remains a very soft sector. In a moment, I will talk more about the actions that we are taking to advance our innovation strategy and provide an update on DTA. But first, Darren will provide more detail on the quarter our fiscal 2025 guidance, and the impact in our response to tariffs. Thanks, Paul. As seen on slide three, Interpac's revenue increased 6% on a reported basis to $159 million in the third quarter of 2025. On an organic basis, adjusting for foreign exchange and the acquisition of DTA, we grew 2%. At our IT&S business, revenue increased 1.5% organically year over year. Both our product and service business grew this quarter, w...