AcquisitionsJul 8, 2026, 08:32 AM
Enerpac to Acquire SFE Group; Q3 Sales Up 6% to $168M
AI Summary
Enerpac Tool Group announced its Q3 fiscal 2026 results and a definitive agreement to acquire Specialized Fabrication Equipment Group LLC (SFE Group). The acquisition is expected to expand Enerpac's presence in higher-growth end markets. For the quarter, net sales increased 6% to $168 million, with organic sales up 3%. The company also updated its fiscal 2026 guidance, narrowing its sales and organic growth outlook and slightly lowering its adjusted EBITDA and EPS projections.
Key Highlights
- Signed definitive agreement to acquire Specialized Fabrication Equipment Group LLC (SFE Group).
- Net sales increased 6% to $167.6 million in Q3 fiscal 2026.
- Organic sales grew 3% year over year, with IT&S product sales up 5%.
- Net earnings were $29.8 million ($0.58 diluted EPS); Adjusted EPS was $0.60.
- Year-to-date operating cash flow increased to $69 million from $56 million.
- Repurchased $15 million of common stock, with $120 million remaining in authorization.
- Updated fiscal 2026 net sales guidance to $635M-$645M and Adjusted EBITDA to $151M-$156M.
- Adjusted diluted EPS guidance for fiscal 2026 revised to $1.84-$1.89.
Price Impact
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