Every material Form 8-K Enerpac Tool has filed with the SEC since October 15, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Enerpac Tool Group held an Investor Day at the New York Stock Exchange on November 4, 2026, and furnished its presentation materials under Regulation FD. The materials set fiscal 2030 targets of 4%-6% organic growth and a 10%-13% adjusted diluted EPS compound annual growth rate from FY26, and report that the SFE Group acquisition closed on October 28, 2026.
FY26 net sales of $652M (legacy business, excluding SFE Group), up a 3.4% CAGR since FY22; adjusted EBITDA of $154M and adjusted diluted EPS of $1.87
Enerpac Tool Group reported fourth-quarter and full-year fiscal 2026 results and introduced fiscal 2027 guidance. Net sales rose on both a quarterly and annual basis, but GAAP net earnings declined, while adjusted diluted EPS increased for the full year. The guidance includes about 10 months of the SFE Group acquisition, which the company completed on October 28, 2026.
Q4 net sales were $185.7 million, up from $167.5 million (11%), with organic growth of 10%.
Q4 net earnings were $24.4 million ($0.47 diluted EPS) versus $28.1 million ($0.52) a year earlier; adjusted diluted EPS was $0.53 versus $0.52.
Full-year net sales were $652.3 million, up 6%, while full-year net earnings were $89.7 million versus $92.7 million; adjusted diluted EPS was $1.87 versus $1.81.
Fiscal 2027 guidance: net sales of $825 million to $845 million, adjusted EBITDA of $195 million to $205 million, and adjusted diluted EPS of $2.00 to $2.15.
Enerpac Tool Group completed its acquisition of Specialized Fabrication Equipment Group (SFE Group) on October 28, 2026, for about $452 million in cash plus about $20 million in restricted stock units. The company said the deal was funded with cash on hand, an expanded $300 million term loan and borrowings under a new $550 million revolving credit facility, and estimated post-closing net debt-to-adjusted EBITDA at about 2.3 times. Shareholders will see the deal's larger debt load and integration costs, with the company expecting the acquisition to be accretive to fiscal 2027 adjusted EPS.
Cash consideration of about $452 million, subject to customary adjustments, plus about $20 million in equity awards granted in lieu of transaction bonuses
SFE Group had about $170 million of sales and about $44 million of adjusted EBITDA for the twelve months ended March 31, 2026
Purchase price represents 10.6 times SFE Group's trailing adjusted EBITDA; estimated integration costs of $10 million to $14 million
Fourth quarter fiscal 2026 earnings release and investor call are scheduled for October 28 and October 29, 2026
Enerpac Tool Group signed a First Amendment on October 27, 2026 to its July 7, 2026 merger agreement to acquire Specialized Fabrication Equipment Group LLC. The amendment moves restricted stock unit awards for SFE Group key personnel, issued in place of cash transaction bonuses, to a newly adopted Inducement Award Plan, and adds related closing conditions and clarifications on the merger consideration adjustment. The filing gives no deal value or financial impact figures, so the change is administrative in nature for shareholders.
Amendment dated October 27, 2026 to the Agreement and Plan of Merger dated July 7, 2026
Key SFE Group personnel RSU awards, in place of cash transaction bonuses, move from the 2017 Omnibus Incentive Plan to the new Inducement Award Plan
Adds a covenant and closing conditions requiring key personnel to sign award agreements under the Inducement Plan
Enerpac Tool Group amended the offer letter of President and CEO Paul Sternlieb, setting out how his equity and cash incentives would be treated if he retires after a specified date, with a retirement date no earlier than July 31, 2030. The amendment also raises his change-in-control and severance benefits, which the company says is meant to keep him in the role and support a leadership transition.
Amendment dated October 26, 2026 sets a retirement notice period of 180 days, with windows starting in February 2030.
Severance multiples rise to 2 times base salary and annual incentive from 1.5 times; welfare premium coverage rises to 24 months from 18 months.
Legal fee reimbursement limits rise to $50,000 from $10,000 for enforcing severance terms, plus up to $50,000 for negotiating the amendment.
The amendment does not change Mr. Sternlieb's base salary, target bonus, or annual long-term equity award opportunity.
On October 16, 2026, Enerpac Tool Group entered into an Amended and Restated Credit Agreement with PNC Bank as administrative agent, replacing its September 2022 facility that was due to mature in September 2027. The new agreement provides a $550 million revolving credit facility and a $300 million term loan, both maturing October 16, 2031, and initial borrowings were used to repay the existing debt and pay fees.
Revolving credit facility of $550 million, including a $200 million sublimit for Euro, Pound Sterling or other agreed foreign currency borrowings
$300 million term loan with quarterly principal payments of $0.9375 million starting March 1, 2028, rising over time, and the remaining balance due at maturity on October 16, 2031
Initial interest at term SOFR plus 1.125%, with margins adjusted by net leverage ratio; the company may request up to $425 million in additional facility capacity, subject to lender commitments
Enerpac Tool Group approved a long-term incentive program on October 13, 2026, granting performance-vesting stock awards to four named executive officers linked to its previously announced acquisition of Specialized Fabrication Equipment Group LLC (SFE Group). The awards vest based on fiscal 2028 net sales and adjusted EBITDA, and are forfeited if the acquisition does not close by November 30, 2026.
Named executive awards at target level total $510,000: Darren M. Kozik $200,000, Benjamin J. Topercer $125,000, Noah N. Popp $110,000, Eric T. Chack $75,000.
Half of each award depends on net sales goals and half on adjusted EBITDA goals for fiscal 2028; payout ranges from 0% at threshold to 200% at maximum.
All awards under the program are forfeited for no consideration if the SFE Group acquisition does not close on or before November 30, 2026.
Enerpac Tool Group expanded its board from eight to nine directors and elected Charles T. Lauber as a director effective October 8, 2026. Lauber retired earlier in 2026 after serving as executive vice president and chief financial officer of A. O. Smith from 2019 to 2026, and the board appointed him to its Audit Committee and Talent Development and Compensation Committee.
Board expanded from eight to nine directors; Lauber elected effective October 8, 2026
Lauber was executive vice president and CFO of A. O. Smith from 2019 to 2026, after a 27-year career there
Board determined Lauber is independent under NYSE and SEC rules and appointed him to the Audit Committee and Talent Development and Compensation Committee
Lauber will receive standard non-employee director compensation and will enter into an indemnification agreement with the company
Enerpac Tool Group appointed Kevin J. Hagen as Principal Accounting Officer and Vice President and Global Controller on July 23, 2026. The company also told Patrick J. Dawson he will no longer serve as Principal Accounting Officer and Corporate Controller on the same day. The filing is an administrative change to the company's senior accounting leadership and includes no financial results.
Kevin J. Hagen, age 46, appointed Principal Accounting Officer and Vice President and Global Controller on July 23, 2026
Hagen joined Enerpac in June 2026 as Vice President of Finance and previously held accounting roles at The Sherwin-Williams Company
Patrick J. Dawson notified on July 23, 2026 that he will no longer serve as Principal Accounting Officer and Corporate Controller
Enerpac Tool Group agreed on July 7, 2026 to buy SFE Group, a Houston-based maker of fabrication, welding and material-handling equipment, for about $451.4 million in cash plus about $20.6 million in restricted stock units. The company expects to fund the deal with cash on hand and borrowings under an amended credit facility, and it said the acquisition is expected to be accretive to fiscal 2027 adjusted EPS. Closing is subject to regulatory approvals and conditions, and the deal may not close if those conditions are not met.
Cash consideration of about $451.4 million plus about $20.6 million in RSUs issued to SFE Group key personnel, subject to closing adjustments
SFE Group trailing twelve-month sales of about $170 million and adjusted EBITDA of about $44 million, per the press release
Closing date no earlier than September 1, 2026; either party may terminate if closing has not occurred by November 1, 2026
Revolving credit facility increased from $400 million to $625 million; net debt-to-adjusted EBITDA expected at about 2.8 times upon closing
Enerpac Tool Group reported fiscal third-quarter 2026 net sales of $167.6 million, up 6% from a year earlier, and net earnings of $29.8 million, or $0.58 per diluted share, up from $0.41. The company narrowed and lowered its fiscal 2026 guidance, including adjusted EBITDA, which now stands at $151 million to $156 million, down from $158 million to $163 million, and the release also announced a definitive agreement to acquire SFE Group.
Net sales were $167.6 million, up 6% from $158.7 million; organic sales rose 3%.
Net earnings were $29.8 million, or $0.58 per diluted share, versus $22.0 million, or $0.41, a year earlier; the figure includes a $0.08 benefit from expected IEEPA tariff refunds.
Adjusted EBITDA guidance was cut to $151 million to $156 million from $158 million to $163 million; adjusted diluted EPS guidance was lowered to $1.84 to $1.89 from $1.85 to $1.92.
Enerpac signed a definitive agreement to acquire SFE Group, as announced in a separate release issued earlier on July 7, 2026.
Enerpac Tool Group reported fiscal second-quarter 2026 results for the period ended February 28, 2026. Net sales rose 6% to $154.8 million, but net earnings fell to $16.3 million, or $0.31 per diluted share, from $20.9 million, or $0.38, a year earlier, after $3.3 million in restructuring charges tied mainly to its EMEA service business. The company also narrowed its full-year fiscal 2026 guidance, with net sales now projected at $635 million to $650 million.
Net sales were $154.8 million, up 6% from $145.5 million; organic sales rose 2%, with service revenue down 17% organically.
Net earnings were $16.3 million, or $0.31 per diluted share, versus $20.9 million, or $0.38, in the prior-year quarter.
Full-year fiscal 2026 guidance projects net sales of $635 million to $650 million and adjusted EPS of $1.85 to $1.92.
The company repurchased about 1.3 million shares for $51 million in the quarter.
Enerpac Tool Group reported first-quarter fiscal 2026 results for the three months ended November 30, 2025. Net sales fell 1% to $144.2 million and net earnings declined to $19.1 million, or $0.36 per diluted share, from $21.7 million, or $0.40, a year earlier. The company kept its fiscal 2026 outlook unchanged, which matters to shareholders because it signals no change to the full-year guidance despite the lower first-quarter profit.
Net sales were $144.2 million, down from $145.2 million a year earlier; organic sales declined 2%.
Net earnings were $19.1 million, or $0.36 per diluted share, versus $21.7 million, or $0.40, in the prior-year period.
Adjusted EBITDA was $32.4 million, with a 22.4% margin, compared with $34.3 million a year earlier.
The company maintained its fiscal 2026 outlook, including net sales of $635 million to $655 million and adjusted EPS of $1.85 to $2.00.
Enerpac Tool Group reported fourth-quarter fiscal 2025 net sales of $167.5 million, up 5.5%, and diluted EPS of $0.52, up 21% from $0.43, with organic sales down 1.8%. For the full fiscal year, net sales were $616.9 million and diluted EPS was $1.70, both higher than fiscal 2024, and the board approved a new $200 million share repurchase program on October 10, 2025, with fiscal 2026 guidance of $635 million to $655 million in net sales and $1.85 to $2.00 in adjusted EPS.
Q4 fiscal 2025 net sales were $167.5 million, up 5.5%, with organic sales down 1.8%
Q4 diluted EPS was $0.52 versus $0.43 a year earlier; full-year diluted EPS was $1.70 versus $1.50
Board approved a new $200 million share repurchase program on October 10, 2025
Fiscal 2026 guidance: net sales of $635 million to $655 million and adjusted EPS of $1.85 to $2.00
Enerpac Tool Group has hired Noah N. Popp as Executive Vice President, General Counsel and Secretary, with employment expected to start July 14, 2025. The company said James P. Denis will no longer hold that role effective the same date and will be eligible for severance under its Senior Officer Severance Plan.
Noah N. Popp, previously Regional General Counsel-Americas and Corporate Secretary at JBT Marel Corporation since September 2014, is set to join as EVP, General Counsel and Secretary
Expected start date for Popp is July 14, 2025
James P. Denis was notified on June 30, 2025 that he will leave the general counsel and secretary roles effective July 14, 2025
Denis is eligible for severance under the Senior Officer Severance Plan, described in the February 6, 2025 annual meeting proxy statement
Enerpac Tool Group reported fiscal third-quarter 2025 results for the period ended May 31, 2025, with net sales up 5.5% to $158.7 million, but net earnings of $22.0 million and diluted EPS of $0.41 were roughly flat with the prior year. The company kept its fiscal 2025 guidance but said it expects results toward the lower half of the range given current macroeconomic conditions.
Net sales were $158.7 million, up from $150.4 million a year earlier; organic sales rose 2.0%.
Net earnings were $22.0 million, or $0.41 per diluted share, versus $22.6 million and $0.41 a year earlier; adjusted diluted EPS was $0.51 versus $0.47.
Restructuring charges totaled $5.9 million in the quarter, and gross profit margin declined 140 basis points to 50.4%.
Fiscal 2025 guidance was maintained: net sales of $610 million to $625 million and adjusted EBITDA of $150 million to $160 million.
Enerpac Tool Group reported fiscal second-quarter results for the three months ended February 28, 2025, with net sales of $145.5 million, up 5.1% from the prior year, and diluted EPS of $0.38 versus $0.33. Adjusted EBITDA slipped to $33.8 million from $34.3 million as gross margin declined 110 basis points, and the company reiterated its fiscal 2025 guidance. Shareholders see higher reported earnings alongside continued margin pressure.
Net sales were $145.5 million, up 5.1%, with organic sales up 5.0%.
Net earnings were $20.9 million, or $0.38 per diluted share, versus $17.9 million, or $0.33, a year earlier.
Gross profit margin fell 110 basis points to 50.5%; adjusted EBITDA was $33.8 million versus $34.3 million.
Fiscal 2025 guidance was reiterated: net sales of $610 million to $625 million and adjusted EBITDA of $150 million to $160 million.
Enerpac Tool Group filed the forms of its 2024 performance share award agreements under its 2017 Omnibus Incentive Plan. The company said earlier versions filed with a May 31, 2024 Form 10-Q were not the forms actually used, and that the earlier versions lacked double-trigger vesting provisions on a change in control. The filing is a correction to exhibits and does not report a change in executive or director roles.
Corrects Exhibits 10.2, 10.3 and 10.4 to the Form 10-Q for the period ended May 31, 2024
Filed agreements include double-trigger vesting provisions for a change in control, which the prior versions did not include
Company states there were no other material changes between the prior and filed versions
Enerpac Tool Group reported results for the fiscal first quarter ended November 30, 2024, with net sales of $145.2 million, up 2.3% year over year, and GAAP diluted EPS of $0.40 versus $0.33. Organic sales fell 0.8%, and adjusted EBITDA slipped to $34.3 million from $34.9 million, but the company maintained its full-year fiscal 2025 guidance. Reported sales and earnings rose, while organic sales and adjusted profit measures weakened.
Net sales of $145.2 million, up 2.3% year over year; organic sales down 0.8%
GAAP diluted EPS of $0.40 versus $0.33; adjusted diluted EPS of $0.40 versus $0.39
Adjusted EBITDA of $34.3 million versus $34.9 million; adjusted EBITDA margin 23.6%
Full-year fiscal 2025 guidance maintained, with net sales of $610 million to $625 million; investor call on December 19, 2024
Enerpac Tool Group reported fiscal 2024 results for the year ended August 31, 2024. Net sales fell 1.5% to $589.5 million, while net earnings rose 53% to $82.2 million, helped by lower ASCEND transformation expenses. Fourth-quarter net sales were $158.7 million, down 1.2%, and the company set fiscal 2025 net sales guidance of $610 million to $625 million, citing an expected continued decline in the general industrial market.
Fiscal 2024 net sales were $589.5 million, down 1.5% from $598.2 million; organic sales rose 2.2%.
Fiscal 2024 net earnings were $82.2 million, or $1.50 per diluted share, compared with $53.6 million, or $0.94, in fiscal 2023.
Fiscal 2025 guidance calls for net sales of $610 million to $625 million and adjusted EBITDA of $150 million to $160 million.
Fourth-quarter operating profit fell 7% to $30.0 million; the DTA acquisition was completed on September 4, 2024.
Enerpac Tool Group appointed Darren M. Kozik, formerly Senior Vice President of Global Corporate Finance at ManpowerGroup, as Executive Vice President and Chief Financial Officer, with employment expected to begin on or about October 28, 2024. Interim CFO P. Shannon Burns will cease that role when Kozik starts, and the filing describes the new CFO's pay, including a $485,000 base salary and a 65% target bonus. Changes to the finance leadership are significant for shareholders because they affect who oversees the company's finances.
Darren M. Kozik to join as EVP and CFO, with employment expected on or about October 28, 2024
Base salary of $485,000, target cash bonus of 65% of base salary, and a $318,000 signing bonus
Equity awards include RSUs with grant date fair values of $225,000 and $250,000 vesting two and three years after start
P. Shannon Burns, interim principal financial officer since March 1, 2024, will continue as Head of Financial Planning, Operations, and Decision Support
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