Quarterly ResultJul 9, 2026, 03:06 PM
Enerpac Tool Group Q3 Net Earnings Up 35% to $29.8M; EPS $0.58
AI Summary
Enerpac Tool Group reported strong financial results for the third quarter of fiscal year 2026, with net earnings increasing 35.2% to $29.8 million and diluted EPS rising 41.5% to $0.58. Net sales for the quarter grew 5.6% to $167.6 million. The company also benefited from a $5.7 million reduction in cost of products sold due to IEEPA tariff refunds and initiated a new restructuring plan, incurring $3.3 million in charges year-to-date. Additionally, Enerpac Tool Group repurchased $81.1 million in treasury shares during the nine-month period.
Key Highlights
- Net earnings for Q3 2026 increased 35.2% to $29.8 million.
- Diluted EPS for Q3 2026 rose 41.5% to $0.58.
- Net sales for Q3 2026 grew 5.6% to $167.6 million.
- Company recorded a $5.7 million benefit from IEEPA tariff refunds in Q3 2026.
- New FY26 restructuring plan incurred $3.3 million in charges year-to-date.
- Cash provided by operating activities was $69.3 million for the nine months.
- Purchased $81.1 million in treasury shares year-to-date.
Price Impact
More from EPAC