Enerpac earnings declined in fiscal 2026 even as sales rose 6% to $652.3 million. The industrial tools company also issued a fiscal 2027 outlook that includes approximately 10 months of results from the SFE Group acquisition.
Key Takeaways
- Fourth-quarter sales rose 11% to $185.7 million, while net earnings fell to $24.4 million.
- Full-year operating cash flow increased to $130.2 million from $111.3 million.
- Enerpac expects fiscal 2027 sales of $825 million to $845 million.
Enerpac earnings and fourth-quarter results
For the quarter ended August 31, 2026, net sales increased from $167.5 million a year earlier. Organic sales, which exclude currency movements and acquisitions and divestitures, rose 10%.
Net earnings fell from $28.1 million, and diluted earnings per share declined to $0.47 from $0.52. Adjusted diluted earnings per share, a non-GAAP measure, rose to $0.53 from $0.52. Enerpac attributed the decline in quarterly net earnings primarily to sales mix, higher incentive compensation and investments for future growth.
| Item | Details |
|---|---|
| Fiscal 2027 net sales guidance | $825 million to $845 million |
| Organic sales growth guidance | 4% to 6% |
| Adjusted EBITDA guidance | $195 million to $205 million |
| Adjusted diluted earnings per share guidance | $2.00 to $2.15 |
Full-year sales growth and cash flow
Fiscal 2026 sales rose from $616.9 million in fiscal 2025, with organic growth of 4%. Net earnings fell to $89.7 million from $92.7 million. The company attributed the decline to lower service volume, higher incentive compensation and investments in growth and productivity.
Diluted earnings per share nevertheless rose to $1.72 from $1.70, while adjusted diluted earnings per share increased to $1.87 from $1.81. Free cash flow rose to $119.6 million from $92.0 million, and Enerpac repurchased $81 million of shares during the year.
At August 31, net debt was $7.6 million and net debt to adjusted EBITDA was 0.1 times. Those figures predate the SFE acquisition.
Fiscal 2027 outlook includes SFE
Enerpac completed the SFE Group acquisition on October 28, 2026. Its fiscal 2027 guidance includes approximately 10 months of SFE results, so the sales forecast includes an acquired business that was not part of fiscal 2026 results.
Enerpac’s July acquisition announcement described SFE as a provider of specialized fabrication, welding, portable machining and material-handling equipment.
The forecasts are management guidance, not completed results. They rely on the company’s foreign-exchange assumptions and assume no substantial change in the tariff or regulatory environment.
Next milestone
Enerpac scheduled an investor conference call for 7:30 a.m. Central Time on October 29, 2026.
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