Enerpac Tool Group reported first quarter fiscal 2026 results with net sales of $144 million, a 1% decrease compared to the prior year.
Operating margin and adjusted operating margin stood at 19.8% with net earnings of $19.1 million, or $0.36 per diluted share.
Adjusted EBITDA was $32.4 million, and operating cash flow increased to $16 million from $9 million in the prior year.
Sales Performance
Consolidated net sales for the first quarter of fiscal 2026 were $144.2 million, a 1% decrease from the prior year.
Earnings and EPS
Net earnings for the first quarter were $19.1 million with diluted EPS of $0.36.
Share Repurchases
The company repurchased approximately $15 million worth of shares in the first quarter of fiscal 2026.
Outlook
Maintaining fiscal 2026 outlook with projected net sales in the range of $635 million to $655 million and adjusted EBITDA of $158 million to $168 million.
- The company experienced a slight decline in sales compared to the previous year, attributed to a decrease in organic sales by 2% year-over-year.
- Adjusted EBITDA margin decreased by 120 basis points to 22.4% due to lower gross margin and operating expenses leverage on lower sales.
Enerpac Tool Group remains cautiously optimistic for the upcoming year based on the solid sales growth in the Americas and strong order growth. The company's focus on share repurchases and maintaining the outlook indicates confidence in future performance.