Enerpac net sales dip 1% YoY for fiscal Q1
Enerpac Tool Group Corp. reported net sales of $144 million, a 1% decline year-over-year, for its fiscal first quarter ended November 30.
"Our first quarter results were essentially as expected," said Paul Sternlieb, Enerpac Tool Group's President & CEO. "We were encouraged by some favorable developments and trends in the quarter for our products, including solid sales growth, particularly in the Americas, and even stronger order growth, reinforcing our cautiously optimistic posture entering 2026."
On an organic basis, sales declined 2% year-over-year. IT&S sales declined 3% on an organic basis, which was partially offset by 27% growth at Cortland Biomedical.
Within IT&S, product sales increased 4% organically while service revenue declined 26% year-over-year, primarily due to softness in the UK market.
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Applied Industrial Technologies. 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.
