ENERPAC TOOL GROUP CORP

Enerpac Tool Group Corp. has entered into an Amended and Restated Credit Agreement, replacing its existing credit facility. The new agreement provides for a $550 million revolving credit facility and a $300 million term loan, both maturing on October 16, 2031. The company retains the option to increase these facilities by up to $425 million. The agreement includes customary covenants and restrictions, with financial covenants mandating a net leverage ratio not to exceed 3.75 to 1.00 and an interest coverage ratio of at least 3.00 to 1.00. Initial borrowings will be subject to interest rates based on term SOFR plus a margin that adjusts with the company's net leverage ratio.

Enerpac Tool Group Corp. announced it will host an Investor Day on November 4, 2026, at the New York Stock Exchange. President and CEO Paul Sternlieb, CFO Darren Kozik, and other management team members will present the company's strategic vision, product review, capital allocation strategy, and financial objectives. The event will feature a presentation, Q&A, and product demonstrations, with additional details to be released at a later date.

Enerpac Tool Group Corp. announced that its Board of Directors has declared an annual cash dividend of $0.04 per common share on its Class A common stock. The dividend is scheduled to be paid on October 16, 2026, to shareholders who are on record as of the close of business on October 6, 2026.

Enerpac Tool Group Corp. announced the appointment of Kevin J. Hagen as its new Principal Accounting Officer and Vice President and Global Controller, effective July 23, 2026. Hagen, who joined the company in June 2026 as Vice President of Finance, brings extensive experience from previous roles at The Sherwin-Williams Company and Signet Jewelers Limited. Concurrently, Patrick J. Dawson was notified that he will no longer serve in the Principal Accounting Officer role.

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.

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.

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.

Enerpac Tool Group announced a definitive agreement to acquire Specialized Fabrication Equipment Group LLC (SFE Group) for approximately $472 million in cash. The acquisition is expected to expand Enerpac's presence in attractive industrial tools categories, adding $1 billion to its total addressable market, and is anticipated to be accretive to fiscal 2027 adjusted EPS. SFE Group generated approximately $170 million in sales and $44 million in adjusted EBITDA on a trailing twelve-month basis. The transaction will be funded with cash on hand and an increased senior credit facility, with closing expected in the first quarter of Fiscal 2027, subject to regulatory approvals.

Enerpac Tool Group Corp. announced that it will release its third quarter fiscal 2026 earnings after the market closes on Tuesday, July 7, 2026. Following the release, management will host a conference call to discuss the results on Wednesday, July 8, 2026, at 8:30 a.m. ET. A live webcast and replay of the call will be accessible through the company's investor relations website.

Enerpac Tool Group announced the promotion of two key executives to new leadership roles. Phil Jefferson, previously Regional President, Americas & EMEA, is now Executive Vice President, Chief Commercial Officer, with expanded commercial oversight for the Asia Pacific Region. Mart Hinnen, who led global innovation, has been promoted to Executive Vice President of Innovation & Heavy Industrial Technologies, taking full leadership of the Heavy Lifting Technology (HLT) and DTA businesses. These changes are intended to enhance global alignment, execution of commercial strategy, and drive consistency and efficiency across the company.