Mar. 26 at 12:15 AM
$EPAC Enerpac Tool reports Q2 adjusted EPS 39c, consensus 39c
Reports Q2 revenue
$154.81M, consensus
$147.8M. "We were encouraged by the performance of our product business in the second quarter of fiscal 2026," said Paul Sternlieb, Enerpac Tool Group's president and CEO. "Within the Industrial Tool & Service segment, product revenue increased 6 percent 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."
