Enerpac Tool Group Corp Q3 2026 Sales Up 6%

By Hao Liu • Wednesday, July 08 10:51 • Permanent Link

Enerpac Tool Group reported third-quarter fiscal 2026 net sales of $167.6 million, up 6% from $158.7 million a year earlier. Organic sales rose 3%, with Industrial Tool & Service product sales up 5% organically and Cortland Biomedical sales up 25% organically. Service revenue in IT&S fell 8% organically year over year, but improved 17% sequentially.

Net earnings for the quarter were $29.8 million, or $0.58 per diluted share, compared with $22.0 million, or $0.41 per share, in the prior-year quarter. Adjusted net earnings were $31.0 million, or $0.60 per diluted share, versus $27.4 million, or $0.51 per diluted share, a year earlier.

Gross profit margin increased to 53.0% from 50.4%, a gain of 260 basis points. SG&A expenses declined to $45.8 million from $47.0 million. Adjusted EBITDA rose to $46.9 million from $41.0 million, while adjusted EBITDA margin expanded to 28.0% from 25.9%.

For the first nine months of fiscal 2026, net sales reached $466.6 million, up from $449.4 million in the same period last year. Net earnings edged up to $65.2 million from $64.7 million, and diluted EPS increased to $1.24 from $1.18. Adjusted diluted EPS rose to $1.35 from $1.29. Adjusted EBITDA for the nine-month period was $112.2 million, compared with $109.1 million a year ago.

Operating cash flow through nine months totaled $69 million, up from $56 million in the prior-year period. Cash on hand was $115.7 million at May 31, 2026, down from $140.5 million a year earlier and up from $98.7 million at the prior quarter end. Debt stood at $184.8 million, down from $190.9 million a year ago and $187.3 million at the prior quarter end.

Net debt was $69.1 million, with net debt to adjusted EBITDA at 0.5x, compared with 0.4x a year earlier and 0.6x in the previous quarter. During the quarter, the company repurchased about 420,000 shares for $15 million.

Enerpac also narrowed its full-year fiscal 2026 outlook. Net sales guidance was trimmed to $635 million to $645 million from $635 million to $650 million. Adjusted EBITDA guidance was cut to $151 million to $156 million from $158 million to $163 million. Adjusted diluted EPS guidance was lowered to $1.84 to $1.89 from $1.85 to $1.92, while free cash flow guidance remained $100 million to $110 million. Today the company's shares have moved 4.7% to a price of $35.9225. For the full picture, make sure to review ENERPAC TOOL GROUP CORP's 8-K report.

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