Enerpac Tool Group (EPAC) Q4 2026 earnings summary

Executive summary

• FY2026 net sales reached a record $652.3M since the 2019 relaunch, up 6% reported and 4% organically; Q4 sales rose 11% reported and 10% organically.

• FY2026 free cash flow was $119.6M, up 30%; adjusted diluted EPS rose to $1.87 from $1.81.

• SFE Group closed on October 28, 2026; FY2027 guidance incorporates approximately 10 months of its results.

Financial highlights

• Q4 net sales were $185.7M versus $167.5M; adjusted EBITDA was $42.1M versus $44.5M, and adjusted diluted EPS was $0.53 versus $0.52.

• FY2026 adjusted EBITDA was $154.3M versus $153.6M; adjusted diluted EPS was $1.87 versus $1.81.

• FY2026 operating cash flow was $130.2M versus $111.3M; free cash flow was $119.6M versus $92.0M.

• Q4 net earnings were $24.4M versus $28.1M; FY2026 net earnings were $89.7M versus $92.7M.

• FY2026 gross and EBITDA margins were 49.2% and 23.7%, down 130 bps and 120 bps YoY; higher incentives, growth spending and mix pressured margins.

Outlook and guidance

• FY2027 guidance: net sales of $825M-$845M, 4%-6% organic growth, adjusted EBITDA of $195M-$205M and adjusted diluted EPS of $2.00-$2.15.

• Guidance includes approximately 10 months of SFE Group; acquisition is expected to be adjusted-EPS accretive.

• Assumptions include D&A of $26M-$30M, interest expense of $30M-$34M, capex at 2%-3% of sales, an adjusted tax rate of 22%-26%, and share count of 51M-52M.

• Guidance assumes no substantial tariff or regulatory change and economic trends similar to FY26 Q4 exit; Europe remains a key uncertainty.