Company Description
Enerpac Tool Group Corp. (NYSE: EPAC) is an industrial tools, services, technology, and solutions provider serving a broad and diverse set of customers and end markets for mission-critical applications in more than 100 countries. The company states that its businesses are global leaders in high pressure hydraulic tools, controlled force products, and solutions for precise positioning of heavy loads. These offerings are used to make complex, often hazardous jobs possible in a safe and efficient manner.
According to company disclosures, Enerpac Tool Group operates primarily through its Industrial Tools & Services (IT&S) segment. Within this segment, the company designs, manufactures, and distributes branded tools and offers maintenance, bolting, machining, joint integrity, and equipment rental services. Its portfolio includes hydraulic cylinders, pumps, torque wrenches, and bolt tensioners, with key brands such as ENERPAC and HYDRATIGHT. The company reports that it serves customers across industries including oil & gas, manufacturing, power generation, and infrastructure.
Enerpac Tool Group traces its history back to 1910 and is headquartered in Milwaukee, Wisconsin. The company’s common stock trades on the New York Stock Exchange under the symbol EPAC. Enerpac describes itself as focused on applications where precise, controlled force and heavy load positioning are critical, and where safety and reliability are central requirements.
Business model and operations
The company’s Industrial Tools & Services activities include the design and production of high-pressure hydraulic tools and controlled force products, as well as service offerings such as bolting and machining services, joint integrity services, and equipment rentals. Enerpac Tool Group indicates that it serves a broad range of end markets, reflecting demand from sectors such as industrial manufacturing, energy-related industries, and infrastructure-related projects.
Enerpac also reports activity through Cortland Biomedical, which is referenced in its financial communications as contributing to growth alongside the IT&S segment. In its public statements, the company highlights product revenue and service revenue within IT&S, and it notes that both product and service lines contribute to overall performance, with organic growth metrics disclosed for each.
Geographic reach
The company states that it serves customers in more than 100 countries. It reports operations and customers across multiple regions, including the United States and other international markets. Polygon data further notes operations in the USA, Australia, Brazil, Germany, Saudi Arabia, and the United Kingdom, with additional activity in other countries and a majority of revenue derived from the USA.
End markets and applications
Enerpac Tool Group’s tools and services are used in mission-critical applications in industrial, oil & gas, energy, power generation, infrastructure, commercial construction, truck, and automotive-related markets, as referenced in its risk disclosures. The company emphasizes that its products and solutions are used where high pressure hydraulics, controlled force, and precise positioning of heavy loads are required to complete challenging tasks safely and reliably.
Corporate governance and shareholder matters
Enerpac Tool Group is incorporated in Wisconsin and files periodic reports, proxy statements, and current reports with the U.S. Securities and Exchange Commission. Its definitive proxy statement (DEF 14A) outlines matters such as the election of directors, ratification of the independent auditor, and advisory votes on executive compensation. The company has adopted practices such as virtual annual shareholder meetings, allowing shareholders to attend, vote, and submit questions via an online platform.
The proxy materials describe board committees, director independence, and oversight areas, as well as executive compensation structures, stock ownership requirements, anti-hedging and insider trading policies, and compensation clawback policies. These disclosures provide insight into Enerpac’s governance framework and its approach to aligning executive compensation with performance.
Capital allocation and financial communications
Enerpac Tool Group regularly communicates financial results through quarterly earnings releases and related Form 8-K filings. These releases discuss net sales, net earnings, operating profit, adjusted EBITDA, margins, and cash flow from operations. The company also discloses non-GAAP financial measures, such as organic sales and adjusted earnings metrics, and provides reconciliations to comparable GAAP measures.
Enerpac’s public statements highlight actions such as share repurchase programs and dividends as components of capital allocation. The company has reported returning capital to shareholders through repurchases of common stock under board-authorized programs and paying cash dividends on its common stock. It also provides outlook statements and guidance ranges for net sales, adjusted EBITDA, adjusted earnings per share, and free cash flow, while noting the risks and uncertainties that could affect actual results.
Risk factors and operating environment
In its forward-looking statements and risk discussions, Enerpac Tool Group references exposure to general economic uncertainty, geopolitical activity, and market conditions in industrial, oil & gas, energy, power generation, infrastructure, commercial construction, truck, and automotive industries. The company notes risks related to supply chain disruptions, tariffs and trade restrictions, foreign currency movements, interest rates, commodity costs, and reliance on independent agents and distributors for product distribution and service.
Additional risks identified in its filings include cybersecurity risk, litigation matters, potential impairment of goodwill or other intangible assets, and the company’s ability to access capital markets. Enerpac also notes the impact of restructuring actions and programs such as ASCEND and PEP, as well as initiatives like Enerpac Commercial Excellence (ECX), in the context of operating margin and efficiency.
Corporate evolution and headquarters
Enerpac Tool Group has described a relaunch of the Enerpac brand in 2019 and has reported record revenue since that relaunch in its fiscal 2025 communications. The company has also disclosed the relocation of its global headquarters to downtown Milwaukee, Wisconsin, and references investment in a new and expanded innovation lab intended to support research and development and product development processes.
Through its combination of industrial tools, services, and technology, Enerpac Tool Group positions itself as a provider to customers who require high-pressure hydraulic tools, controlled force products, and heavy lifting and positioning solutions for demanding, safety-critical applications.