Enerpac net sales up 6% in fiscal Q3
Enerpac Tool Group Corp. announced net sales for its fiscal third quarter were $168 million, a 6% increase compared to the prior year, with a 3% increase in organic sales.
“We were pleased with the performance of our business and the solid growth we delivered in the third quarter of fiscal 2026,” said President and CEO Paul Sternlieb. “Within the Industrial Tool & Service (IT&S) segment, product sales increased 5% organically year over year, reflecting the underlying strength of the business. While we saw continued market challenges in the quarter due to the conflict in the Middle East, we are encouraged by the strong sequential growth in our Service business and expect to see continued improvement as we realize the benefits of our focused commercial activities and restructuring actions over the coming quarters.”
Within IT&S, product sales increased 5% organically while service revenue declined 8% organically year over year. Service revenue improved 17% sequentially, demonstrating progress toward the company’s profitable growth objectives.
Gross profit margin increased 260 basis points year over year to 53.0%, including the benefit from the expected refund of IEEPA tariffs.
Through the first nine months of fiscal 2026, the company generated $69 million in cash from operations, up from $56 million in the prior-year comparable period.
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