Mixed Q2 Performance

Enerpac Tool Group Corp. reported Q2 2026 revenue of $154.81 million, up 6 % in product sales but down 17 % in service revenue, a decline largely driven by a 21 % fall in EMEA service volume. The company recorded a $3.3 million restructuring charge as service pressures intensified. Gross margin contracted 410 basis points year‑over‑year due to lower service volume and foreign‑exchange headwinds, while adjusted SG&A fell from 28.3 % to 26.4 % of revenue. Product order rates grew at a mid‑single‑digit pace, with power generation, infrastructure and defense segments driving gains worldwide. Cortland achieved 27 % Q2 growth; Americas grew 4 %, EMEA slipped 1 %, and Asia‑Pacific saw modest product‑led growth.