Enerpac Tool Group's stock fell sharply by 10.52% during the intraday session on Thursday, following the release of its first-quarter fiscal 2026 financial results. The company reported a 1% decrease in net sales to USD 144 million, which may have disappointed investors despite other positive metrics.
While the company posted net earnings of USD 19.1 million and a 78% increase in operating cash flow to USD 16 million, the slight decline in sales appears to have overshadowed these results. The market reaction suggests concerns over the company's revenue performance, even as it returned USD 15 million to shareholders through share repurchases.
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