Enerpac Tool Shares Rise After Fiscal Q3 Beat
Enerpac Tool (EPAC) shares rose 8.7% in Wednesday trading after the company reported higher-than-expected fiscal Q3 results.The company reported fiscal Q3 adjusted earnings Tuesday of $0.60 per diluted share, up from $0.51 a year earlier.Three analysts polled by FactSet expected $0.50.Net sales for the three months ended May 31 were $167.6 million, up from $158.7 million a year earlier.Two analysts expected $165.6 million.The company now expects full-year fiscal 2026 adjusted EPS of $1.84 to $1.89, compared with its prior guidance of $1.85 to $1.92. Four analysts expect $1.88.It expects revenue of $635 million to $645 million, compared with prior guidance of $635 million to $650 million. Three analysts expect $640.7 million.Price: $37.30, Change: $+2.99, Percent Change: +8.71%
