Enerpac Tool Group Corp. has released its first quarter fiscal 2026 results, reporting a 1% decrease in net sales compared to the prior year. The company's net earnings were $19.1 million, or $0.36 per diluted share, down from $21.7 million and $0.40 respectively in the year-ago period.
Adjusted EBITDA for the first quarter was $32.4 million, a decrease from $34.3 million in the prior-year period. Operating cash flow improved to $16 million from $9 million in the prior year.
The company returned approximately $15 million to shareholders through share repurchases. Additionally, net debt on November 30, 2025, was $49.4 million, resulting in a net debt to adjusted EBITDA ratio of 0.3x.
Looking at the balance sheet, the cash balance was $139.0 million, down from $151.6 million in the prior quarter, while the debt balance decreased slightly to $188.5 million from $189.7 million.
The company maintained its fiscal 2026 outlook, projecting a net sales range of $635 million to $655 million and organic sales growth of 1% to 4%. The forecast also includes adjusted EBITDA of $158 million to $168 million, adjusted EPS of $1.85 to $2.00, and free cash flow of $100 million to $110 million.
Enerpac Tool Group's president & CEO, Paul Sternlieb, mentioned that the first quarter results were essentially as expected, with solid sales growth, particularly in the Americas, and stronger order growth.
The company's investor conference call is scheduled for 7:30 am CT on December 18, 2025.
Following these announcements, the company's shares moved 0.11%, and are now trading at a price of $39.445. If you want to know more, read the company's complete 8-K report here.
