Enerpac Tool Shares Retreat on Narrower Outlook Due to Iran War

Dow Jones03-26

By Katherine Hamilton

Enerpac Tool shares fell after the company narrowed its sales outlook due to concerns about fighting in the Middle East.

The stock fell 8% to $34.51 in after-hours trading Wednesday.

The industrial tools company said it now expects sales to range from $635 million to $650 million for the current fiscal year. It was previously guiding for $635 million to $655 million of revenue.

Chief Financial Officer Darren Kozik said the outlook was narrowed due to market pressure on its service business in the Europe, Middle East and Africa region, which might be further exacerbated by the Middle East conflict.

Adjusted earnings per share are now anticipated to be $1.85 to $1.92, compared with the previous range of $1.85 to $2.00.

Enerpac's Industrial Tool & Service business in the EMEA region had softer demand in the most recently completed quarter. Within Industrial Tool & Service, service revenue declined 17% due to market softness.

The company said it is restructuring to rightsize its cost structure in that market to address the weaker demand. It recorded a $3.3 million restructuring charge primarily related to the service business in EMEA.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 25, 2026 17:47 ET (21:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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