Stocks · News reference
Reference details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Filed: 2026-07-23 AccNo: 0000006955-26-000038 Size: 139 KB Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Read original at edgarEnerpac Tool Group reported third quarter fiscal 2026 net sales of $168 million (6% increase) with 3% organic growth. Net earnings reached $29.8 million ($0.58 per diluted share). The company announced a definitive agreement to acquire Specialized Fabrication Equipment Group LLC (SFE Group), which generated approximately $170 million in trailing twelve-month sales and $44 million in adjusted EBITDA. However, Enerpac narrowed its full-year fiscal 2026 guidance, reducing adjusted EBITDA expectations from $158-163 million to $151-156 million, citing continued market challenges from geopolitical events and near-term pressure from the Service business.
Read original at globenewswire-incEnerpac Tool Group announced a definitive agreement to acquire SFE Group for approximately $472 million in cash. SFE Group generated $170 million in trailing twelve-month sales and $44 million in adjusted EBITDA. The acquisition is expected to be accretive to fiscal 2027 adjusted EPS and will expand Enerpac's addressable market by approximately $1 billion. The transaction is expected to close in Q1 fiscal 2027.
Read original at globenewswire-inc