AcquisitionsJul 7, 2026, 06:25 PM
Enerpac Tool Group Acquires SFE Group; Q3 Net Sales $168M
AI Summary
Enerpac Tool Group Corp. announced its fiscal third quarter 2026 results, reporting net sales of $167.6 million, a 6% increase year-over-year, and net earnings of $29.8 million. The company also announced the acquisition of Specialized Fabrication Equipment Group LLC (SFE Group), aiming to expand its presence in higher-growth markets. Despite solid performance and a strategic acquisition, Enerpac updated its fiscal 2026 guidance, narrowing its net sales outlook and lowering its adjusted EBITDA and adjusted diluted EPS projections.
Key Highlights
- Enerpac Tool Group signed a definitive agreement to acquire Specialized Fabrication Equipment Group LLC (SFE Group).
- Net sales for Q3 fiscal 2026 were $167.6 million, a 6% increase year-over-year, with 3% organic growth.
- 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.
- Year-to-date operating cash flow increased to $69 million from $56 million in the prior year.
- The company returned approximately $15 million to shareholders through share repurchases in the quarter.
- Fiscal 2026 Net Sales guidance narrowed to $635 million to $645 million (previously $635 million to $650 million).
- Fiscal 2026 Adjusted EBITDA guidance updated to $151 million to $156 million (previously $158 million to $163 million).
- Fiscal 2026 Adjusted Diluted EPS guidance updated to $1.84 to $1.89 (previously $1.85 to $1.92).
Price Impact
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