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Enerpac Tool Group Reports Third Quarter Fiscal 2026 Results*
Announces Definitive Agreement to Acquire SFE GroupNet sales were $168 million, a 6% increase compared to the prior year, with a 3% increase in organic sales1.IT&S Product sales increased 5% organically year over year.Net earnings were $29.8 million, or $0.58 per diluted share. Adjusted net earnings were $31.0 million, or $0.60 per diluted share. Reported and adjusted EPS include a $0.08 benefit related to the expected refund of tariffs imposed under the International Emergency Economic Powers A
About this update from Enerpac Tool Group Corp.
Announces Definitive Agreement to Acquire SFE Group *This press release contains financial measures in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") in addition to non-GAAP financial measures. Reconciliations of the non-GAAP financial measures to the comparable GAAP measures are presented in the tables accompanying this release.1Organic sales represent net sales excluding the impact of foreign exchange rates, acquisitions, and divestitures. A reconciliation of organic sales to comparable net sales is presented in the tables accompanying this release. MILWAUKEE, July 07, 2026 (GLOBE NEWSWIRE) -- Enerpac Tool Group Corp. (NYSE: EPAC) (the "Company" or "Enerpac") today announced results for its fiscal third quarter ended May 31, 2026. "We were pleased with the performance of our business and the solid growth we delivered in the third quarter of fiscal 2026," said Paul Sternlieb, Enerpac Tool Group's President & CEO. "Within the Industrial Tool & Service (IT&S) segment, product sales increased 5 percent organically year over year, reflecting the underlying strength of the business. While we saw continued market challenges in the quarter due to the conflict in the Middle East, we are encouraged by the strong sequential growth in our Service business and expect to see continued improvement as we realize the benefits of our focused commercial activities and restructuring actions over the coming quarters." As announced in a press release issued earlier today, Enerpac signed a definitive agreement to acquire Specialized Fabrication Equipment Group LLC (SFE Group), a global provider of specialized fabrication, welding, portable machining, and material-handling equipment. Sternlieb explained, "The acquisition of SFE Group will add a premium brand platform of complementary products with a record of strong growth and profitability, while expanding our presence in higher-growth end markets and geographies." The press release is available on the Enerpac Tool Group investor relations website at ir.enerpactoolgroup.com/news.
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