Enerpac Tool Group reported fiscal third-quarter net sales of $167.6 million, a 6% increase from the prior year, with organic sales up 3%. Net earnings were $29.8 million, or $0.58 per diluted share, while adjusted diluted EPS was $0.60, both including an $0.08 benefit from an expected refund of IEEPA tariffs. The company also announced a definitive agreement to acquire Specialized Fabrication Equipment Group LLC, a global provider of specialized fabrication and welding equipment. Year-to-date operating cash flow rose to $69 million from $56 million, and the company repurchased approximately $15 million in shares during the quarter. Enerpac narrowed its full-year guidance, now expecting net sales of $635 million to $645 million and adjusted EBITDA of $151 million to $156 million.
Enerpac Tool Group CorpReports 6% sales growth, higher earnings, and share buybacks, plus narrowed guidance.
Enerpac announces definitive agreement to acquire SFE Group, implying a positive valuation event.