Enerpac Reports Fiscal 2026 Sales Record Since 2019 Relaunch

The Tip Desk · November 8, 2026 · 3 min read

Fourth-quarter net sales rose 11% to $185.7 million as IT&S product and service lines both posted organic gains.

Enerpac Tool Group Corp. (EPAC) reported fiscal 2026 net sales of $652.3 million, a record since its 2019 relaunch, with fourth-quarter Industrial Tools & Services product and service sales both posting organic gains. The company completed the acquisition of SFE Group on Oct. 28, 2026.

The industrial tools, services, technology and solutions provider said fourth-quarter net sales rose 11% to $185.7 million, with organic growth of 10%, after 6% reported and 3% organic growth in the third quarter. On an organic basis, IT&S rose 10% and Cortland Biomedical 13%.

IT&S product sales grew 11% organically, up from 5% organic product growth in the third quarter. Service sales turned to 9% organic growth after an 8% organic decline in the third quarter. Cortland Biomedical organic sales growth slowed to 13% from 25% in the third quarter.

President and Chief Executive Officer Paul Sternlieb said the company closed fiscal 2026 with a strong fourth quarter, supported by broad-based product strength across the Americas and encouraging trends in the service business.

Net earnings in the fourth quarter were $24.4 million, or $0.47 a share, versus $28.1 million, or $0.52, a year earlier. Adjusted diluted EPS was $0.53 versus $0.52. The company said the year-over-year decline in net earnings was primarily due to mix, higher incentive compensation, and investments for future growth. Gross profit margin was 47.0%. Adjusted EBITDA was $42.1 million at a 22.6% margin.

For the full year ended Aug. 31, 2026, net sales were $652.3 million, a record since the company's 2019 relaunch, up 6% with 4% organic growth. IT&S organic sales rose 3% and Cortland Biomedical 23%. Full-year net earnings were $89.7 million, or $1.72 a share, versus $92.7 million, or $1.70, a year earlier; adjusted diluted EPS was $1.87 versus $1.81. The company said full-year net earnings declined, driven by lower service volume, higher incentive compensation, and investments for growth and productivity. Restructuring and M&A charges were $0.15 per diluted share in fiscal 2026, compared with $0.11 in fiscal 2025.

Cash from operations rose 17% to $130.2 million and free cash flow rose 30% to $119.6 million. Net debt to adjusted EBITDA was 0.1x at year-end fiscal 2026. The company returned $81 million to shareholders through share repurchases in fiscal 2026.

Enerpac introduced fiscal 2027 guidance of $825 million to $845 million of net sales, 4% to 6% organic growth, $195 million to $205 million of adjusted EBITDA, and $2.00 to $2.15 adjusted diluted EPS. Chief Financial Officer Darren Kozik said the guidance includes approximately 10 months of SFE Group and builds on healthy trends across the business. The company said the outlook is based on its key foreign-exchange assumptions and assumes no substantial change to the current tariff or regulatory environment.