Enerpac reports 6% increase in second quarter net sales
Enerpac Tool Group Corp. announced its second quarter net sales were $155 million, a 6% increase compared to the prior year, with a 2% increase in organic sales.
"We were encouraged by the performance of our product business in the second quarter of fiscal 2026," said President and CEO Paul Sternlieb. "Within the Industrial Tool & Service (IT&S) segment, product revenue increased 6% organically– the highest year-over-year gain in 10 quarters.
"We also enjoyed mid-single-digit growth in order rates, with gains in all three regions. At the same time, we took decisive action to address market-related challenges in IT&S’s EMEA region service business, with a restructuring to rightsize our cost structure to align with the softer demand environment. Additionally, the signing of a five-year service contract with a leading UK oil & gas customer, worth several million dollars annually, will support our strategic focus on higher-margin business."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Pack-n-Tape. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
