Enerpac Tool Group Corp 8-K, filed Oct 28, 2026

Enerpac Tool Group Corp (EPAC)

8-K 2026-10-28 For: 2026-10-28

Added on October 28, 2026

About this 8-K

Enerpac Tool Group Corp filed this 8-K on October 28, 2026.

Enerpac Tool Group Corp. reported fiscal 2026 net sales of $652.3 million and net earnings of $89.7 million, completed the SFE Group acquisition, and guided fiscal 2027 net sales of $825 Million to $845 Million. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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Wisconsin	001-11288	39-0168610
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $0.20 per share	EPAC	New York Stock Exchange

99.1		Press Release of the Company dated October 28, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

	ENERPAC TOOL GROUP CORP.


Date: October 28, 2026	By:	/s/ Noah Popp
		Noah Popp
		Executive Vice President, General Counsel and Secretary

Fourth Quarter and Fiscal 2026 Results
(US$ in millions, except per share)
	Three Months Ended		Twelve Months Ended
	August 31, 2026	August 31, 2025	August 31, 2026	August 31, 2025
Net Sales	$185.7	$167.5	$652.3	$616.9
Gross Profit Margin	47.0%	50.1%	49.2%	50.5%
Net Earnings	$24.4	$28.1	$89.7	$92.7
Net Earnings % of Sales	13.1%	16.8%	13.7%	15.0%
Diluted EPS	$0.47	$0.52	$1.72	$1.70
Adjusted Diluted EPS*	$0.53	$0.52	$1.87	$1.81
Adjusted EBITDA*	$42.1	$44.5	$154.3	$153.6
Adjusted EBITDA Margin*	22.6%	26.5%	23.7%	24.9%

(US$ in millions)	Fiscal 2026	Fiscal 2025
Cash provided by operating activities	$130.2	$111.3
Capital expenditures	(10.6)	(19.3)
Free cash flow*	$119.6	$92.0

(US$ in millions)	August 31, 2026	May 31, 2026	August 31, 2025
Cash Balance	$174.7	$115.7	$151.6
Debt Balance	$182.3	$184.8	$189.7
Net Debt	$7.6	$69.1	$38.1
Net Debt to Adjusted EBITDA²	0.1x	0.5x	0.3x

Metric	Fiscal 2027 Guidance
Net Sales	$825 Million to $845 Million
Organic Sales Growth¹	4% to 6%
Adjusted EBITDA	$195 Million to $205 Million
Adjusted Diluted EPS	$2.00 to $2.15

Enerpac Tool Group Corp.
Condensed Consolidated Statements of Earnings
(In millions, except per share amounts)

	(Unaudited)				(Unaudited)
	Three Months Ended				Twelve Months Ended
	August 31,		August 31,		August 31,		August 31,
		2026		2025		2026		2025
Net sales	$	185.7	$	167.5	$	652.3	$	616.9
Cost of products sold		98.3		83.7		331.1		305.1
Gross profit		87.4		83.8		321.2		311.8

Selling, general and administrative expenses		51.4		42.0		182.4		166.8
Amortization of intangible assets		1.6		2.0		6.3		5.6
Restructuring charges		-		-		3.3		5.9
Operating profit		34.4		39.8		129.2		133.5

Financing costs, net		2.4		2.4		9.0		9.9
Other expense, net		0.8		0.6		2.7		2.9
Earnings before income tax expense		31.2		36.8		117.5		120.7

Income tax expense		6.8		8.7		27.8		28.0
Net earnings	$	24.4	$	28.1	$	89.7	$	92.7

Earnings per share
Basic	$	0.48	$	0.52	$	1.73	$	1.72
Diluted		0.47		0.52		1.72		1.70

Weighted average common shares outstanding
Basic		51.2		53.5		51.8		54.0
Diluted		51.5		53.9		52.2		54.5

Enerpac Tool Group Corp.
Condensed Consolidated Balance Sheets
(In millions)

	(Unaudited)
	August 31,			August 31,
		2026			2025
Assets
Current assets
Cash and cash equivalents	$	174.7		$	151.6
Accounts receivable, net		113.0			106.1
Inventories, net		70.7			78.8
Other current assets		48.5			39.6
Total current assets		406.9			376.1

Property, plant and equipment, net		54.4			53.3
Goodwill		289.7			289.8
Other intangible assets, net		43.0			46.9
Other long-term assets		64.6			61.8

Total assets	$	858.6		$	827.9

Liabilities and Shareholders' Equity
Current liabilities
Current maturities of long-term debt	$	10.0		$	7.5
Trade accounts payable		42.8			42.9
Accrued compensation and benefits		32.7			28.1
Income taxes payable		7.9			5.4
Other current liabilities		55.5			53.2
Total current liabilities		148.9			137.1

Long-term debt, net		172.3			182.2
Deferred income taxes		10.9			6.2
Pension and postretirement benefit liabilities		5.8			7.1
Other long-term liabilities		67.6			61.6
Total liabilities		405.5			394.2

Shareholders' equity
Common stock		10.2			10.6
Additional paid-in capital		252.0			243.1
Retained earnings		291.0			284.1
Accumulated other comprehensive loss		(100.1	)		(104.1	)
Stock held in trust		(5.4	)		(3.5	)
Deferred compensation liability		5.4			3.5
Total shareholders' equity		453.1			433.7

Total liabilities and shareholders' equity	$	858.6		$	827.9

Enerpac Tool Group Corp.
Condensed Consolidated Statements of Cash Flows
(In millions)
(Unaudited)
	Year Ended
	August 31,			August 31,
		2026			2025
Operating Activities
Cash provided by operating activities	$	130.2		$	111.3

Investing Activities
Capital expenditures		(10.6	)		(19.3	)
Cash paid for business acquisitions, net of cash acquired		-			(26.7	)
Purchase of business assets		(2.0	)		-
Cash used in investing activities	$	(12.6	)	$	(46.0	)

Financing Activities
Principal repayments on term loan		(7.5	)		(5.0	)
Borrowings on revolving credit facility		14.0			14.4
Principal repayments on revolving credit facility		(14.0	)		(14.4	)
Purchase of treasury shares		(81.1	)		(68.7	)
Stock options and taxes paid related to the net share settlement of equity awards		(3.1	)		(5.5	)
Payment of cash dividend		(2.1	)		(2.2	)
Other		(1.5	)		-
Cash used in financing activities	$	(95.3	)	$	(81.4	)

Effect of exchange rate changes on cash		0.8			0.6

Net increase (decrease) from cash and cash equivalents	$	23.1		$	(15.5	)
Cash and cash equivalents - beginning of period		151.6			167.1
Cash and cash equivalents - end of period	$	174.7		$	151.6

Enerpac Tool Group Corp.
Supplemental Unaudited Data
Reconciliation of GAAP Measures to Non-GAAP Measures
(Dollars in millions)
	Fiscal 2025															Fiscal 2026
	Q1			Q2			Q3			Q4			TOTAL			Q1			Q2			Q3			Q4			TOTAL
Net Sales
Industrial Tools & Services Segment	$	140.1		$	140.7		$	153.4		$	161.6		$	595.8		$	137.8		$	148.7		$	161.0		$	179.0		$	626.5
Other		5.1			4.8			5.3			5.9			21.1			6.4			6.1			6.6			6.7			25.8
Enerpac Tool Group	$	145.2		$	145.5		$	158.7		$	167.5		$	616.9		$	144.2		$	154.8		$	167.6		$	185.7		$	652.3

% Net Sales Growth (Decline) Year over Year
Industrial Tools & Services Segment		2	%		4	%		5	%		5	%		4	%		-2	%		6	%		5	%		11	%		5	%
Other		3	%		33	%		19	%		10	%		15	%		27	%		27	%		25	%		13	%		23	%
Enerpac Tool Group		2	%		5	%		6	%		6	%		5	%		-1	%		6	%		6	%		11	%		6	%

Adjusted Selling, general and administrative expenses
Selling, general and administrative expenses	$	42.4		$	41.5		$	41.1		$	42.0		$	166.8		$	43.1		$	42.0		$	45.8		$	51.4		$	182.4
M&A charges (1)		(0.2	)		(0.3	)		(0.7	)		(0.3	)		(1.4	)		(0.1	)		(1.1	)		(1.6	)		(4.1	)		(6.9	)
Adjusted Selling, general and administrative expenses	$	42.2		$	41.2		$	40.4		$	41.8		$	165.5		$	43.0		$	40.9		$	44.2		$	47.3		$	175.5

Adjusted Selling, general and administrative expenses %
Enerpac Tool Group		29.0	%		28.3	%		25.5	%		24.9	%		26.8	%		29.8	%		26.4	%		26.4	%		25.5	%		26.9	%

Adjusted Operating profit
Operating profit	$	31.1		$	30.8		$	31.7		$	39.8		$	133.5		$	28.5		$	25.0		$	41.3		$	34.4		$	129.2
Restructuring charges		-			-			5.9			-			5.9			-			3.3			-			-			3.3
M&A charges		0.2			0.3			0.7			0.3			1.4			0.1			1.1			1.6			4.1			6.9
Adjusted Operating profit	$	31.3		$	31.1		$	38.3		$	40.1		$	140.8		$	28.6		$	29.4		$	42.9		$	38.5		$	139.4

Adjusted Operating profit by Segment
Industrial Tools & Services Segment	$	38.1		$	38.8		$	42.9		$	47.0		$	166.8		$	35.8		$	34.8		$	48.7		$	48.0		$	167.3
Other		1.3			1.3			2.1			1.4			6.1			2.2			1.6			2.1			1.4			7.3
Corporate / General		(8.1	)		(9.0	)		(6.7	)		(8.3	)		(32.1	)		(9.4	)		(7.0	)		(7.9	)		(10.9	)		(35.2	)
Adjusted operating profit	$	31.3		$	31.1		$	38.3		$	40.1		$	140.8		$	28.6		$	29.4		$	42.9		$	38.5		$	139.4

Adjusted Operating profit %
Industrial Tools & Services Segment		27.2	%		27.5	%		27.9	%		29.1	%		28.0	%		25.9	%		23.4	%		30.3	%		26.8	%		26.7	%
Other		26.1	%		27.0	%		39.4	%		23.0	%		28.8	%		34.3	%		26.1	%		31.5	%		21.0	%		28.2	%
Adjusted Operating Profit %		21.5	%		21.4	%		24.1	%		24.0	%		22.8	%		19.8	%		19.0	%		25.6	%		20.7	%		21.4	%

EBITDA (2)
Net earnings	$	21.7		$	20.9		$	22.0		$	28.1		$	92.7		$	19.1		$	16.3		$	29.8		$	24.4		$	89.7
Financing costs, net		2.8			2.4			2.4			2.4			9.9			2.3			2.1			2.3			2.4			9.0
Income tax expense		6.2			6.8			6.3			8.7			28.0			6.4			5.8			8.9			6.8			27.8
Depreciation & amortization		3.5			3.5			3.7			5.0			15.7			4.4			4.3			4.3			4.3			17.5
EBITDA	$	34.2		$	33.5		$	34.5		$	44.2		$	146.3		$	32.3		$	28.6		$	45.3		$	37.9		$	144.0

Adjusted EBITDA (2)
EBITDA	$	34.2		$	33.5		$	34.5		$	44.2		$	146.3		$	32.3		$	28.6		$	45.3		$	37.9		$	144.0
Restructuring charges		-			-			5.9			-			5.9			-			3.3			-			-			3.3
M&A charges		0.2			0.3			0.7			0.3			1.4			0.1			1.1			1.6			4.1			6.9
Adjusted EBITDA (2)	$	34.3		$	33.8		$	41.0		$	44.5		$	153.6		$	32.4		$	33.0		$	46.9		$	42.1		$	154.3

Adjusted EBITDA (2) by Segment
Industrial Tools & Services Segment	$	40.8		$	41.3		$	45.3		$	50.8		$	178.2		$	38.9		$	38.0		$	51.9		$	51.1		$	179.9
Other		1.5			1.5			2.3			1.6			6.9			2.5			1.8			2.3			1.6			8.1
Corporate / General		(8.0	)		(9.0	)		(6.6	)		(7.9	)		(31.5	)		(9.0	)		(6.8	)		(7.3	)		(10.6	)		(33.7	)
Adjusted EBITDA (2)	$	34.3		$	33.8		$	41.0		$	44.5		$	153.6		$	32.4		$	33.0		$	46.9		$	42.1		$	154.3

Adjusted EBITDA % (2)
Industrial Tools & Services Segment		29.1	%		29.4	%		29.5	%		31.4	%		29.9	%		28.2	%		25.5	%		32.2	%		28.5	%		28.7	%
Other		30.5	%		31.7	%		43.7	%		26.7	%		33.0	%		38.2	%		29.5	%		34.4	%		23.7	%		31.4	%
Adjusted EBITDA % (2)		23.6	%		23.2	%		25.9	%		26.5	%		24.9	%		22.4	%		21.3	%		28.0	%		22.6	%		23.7	%

Notes:
(1) Minimal amounts of M&A Charges were recorded in cost of products sold in Q2 and Q4 Fiscal 2026 and Q2 Fiscal 2025
(2) EBITDA represents net earnings before financing costs, net, income tax expense, and depreciation & amortization. Neither EBITDA nor adjusted EBITDA are calculated based upon generally accepted accounting principles ("GAAP"). The amounts included in the EBITDA and adjusted EBITDA calculation, however, are derived from amounts included in the Condensed Consolidated Statements of Earnings. EBITDA and adjusted EBITDA should not be considered as alternatives to net earnings, operating profit or operating cash flows. The Company has presented EBITDA and adjusted EBITDA because it regularly reviews these performance measures. In addition, EBITDA and adjusted EBITDA are used by many of our investors and lenders, and are presented as a convenience to them. The EBITDA and adjusted EBITDA measures presented may not always be comparable to similarly titled measures reported by other companies due to differences in the components of the calculation.
For all reconciliations of GAAP measures to Non-GAAP measures, the summation of the individual components may not equal the total due to rounding.