10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 10-Q

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(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30, 2025

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File No. 1-11288

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ENERPAC TOOL GROUP CORP.

(Exact name of registrant as specified in its charter)

————————————

Wisconsin	39-0168610
(State of incorporation)	(I.R.S. Employer Id. No.)

648 N. PLANKINTON AVE., 4TH FLOOR

MILWAUKEE, WISCONSIN 53203

Mailing address: P. O. Box 3241, Milwaukee, Wisconsin 53201

(Address of principal executive offices)

(262) 293-1500

(Registrant’s telephone number, including area code)

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Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Ticker Symbol(s)	Name of each exchange on which registered
Class A common stock, $0.20 par value per share	EPAC	NYSE

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer	☒	Accelerated Filer	☐
Non-accelerated Filer	☐	Smaller reporting company	☐
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.):    Yes  ¨    No  ☒

The number of shares outstanding of the registrant’s Class A Common Stock as of December 15, 2025 was 52,776,305.

TABLE OF CONTENTS

	Page No.
Forward-Looking Statements and Cautionary Factors	1
Part I—Financial Information
Item 1—Condensed Consolidated Financial Statements (Unaudited)
Condensed Consolidated Statements of Earnings	3
Condensed Consolidated Statements of Comprehensive Income	4
Condensed Consolidated Balance Sheets	5
Condensed Consolidated Statements of Cash Flows	6
Notes to the Condensed Consolidated Financial Statements	7
Item 2—Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
Item 3—Quantitative and Qualitative Disclosures about Market Risk	22
Item 4—Controls and Procedures	22
Part II—Other Information
Item 2—Unregistered Sales of Equity Securities and Use of Proceeds	23
Item 5—Other Information	23
Item 6—Exhibits	24

FORWARD-LOOKING STATEMENTS AND CAUTIONARY FACTORS

This quarterly report on Form 10-Q contains certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. The terms “may,” “should,” “could,” “anticipate,” “believe,” “estimate,” “expect,” “objective,” “plan,” “project” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements include statements regarding expected financial results and other planned events, including, but not limited to, anticipated liquidity, anticipated restructuring costs and related savings, anticipated future charges and anticipated capital expenditures. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual future events or results may differ materially from these statements. We disclaim any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.

The following is a list of factors, among others, that could cause actual results to differ materially from the forward-looking statements:

•supply chain issues, including shortages of adequate component supply or that increase our costs or cause delays in our ability to fulfill orders;

•failure to estimate customer demand properly may result in or could have an adverse impact on our business and operating results and our relationship with customers;

•the deterioration of, or instability in, the domestic and international economy and challenging end-market conditions, including as a result of geopolitical activity, including but not limited to, the armed conflicts in the Middle East and potential impacts to shipping in that area, as well as the invasion of Ukraine by Russia and international sanctions imposed in response thereto;

•decreased demand from customers in the oil & gas industry, including as a result of significant volatility in oil prices resulting from disruptions in the oil markets, geopolitical activity impacting shipping and imposition of climate-related laws and regulations that disadvantage the oil & gas industry;

•uncertainty over global tariffs or the financial impact of tariffs;

•our ability to maintain operational improvements from our continuous improvement program and from prior restructuring actions;

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•logistics challenges, such as global freight capacity shortages, significant increases in freight costs or other delays in our ability to fulfill orders, including as a result of attacks on commercial ships in the Red Sea and adverse weather conditions;

•failure to collect on accounts receivable, including in certain foreign jurisdictions where sales are concentrated to a limited number of distributors or agents;

•risks related to our reliance on independent agents and distributors for the distribution and service of products;

•a significant failure in our information technology (IT) infrastructure, such as unauthorized access to financial and other sensitive data or cybersecurity threats;

•a material disruption at a significant manufacturing facility;

•competition in the markets we serve;

•currency exchange rate fluctuations, export and import restrictions, transportation disruptions or shortages, and other risks inherent in our international operations;

•regulatory and legal developments, including litigation, such as product liability and warranty claims, and contractual exposure to liabilities;

•unfavorable tax law changes may adversely affect results;

•failure to develop new products and the extent of market acceptance of new products and price increases;

•our ability to execute on our growth strategy;

•our ability to successfully identify, consummate and integrate acquisitions and realize anticipated benefits/results from acquired companies as part of our portfolio management process;

•the effects of divestitures and/or discontinued operations, including retained liabilities from, or indemnification obligations with respect to, disposed businesses;

•if the operating performance of our businesses were to fall significantly below normalized levels, the potential for a non-cash impairment charge of goodwill and/or other intangible assets, as they represent a substantial amount of our total assets;

•a global economic recession;

•the impact of elevated interest rates and material, labor, or overhead cost increases;

•our ability to comply with the covenants in our debt agreements and fluctuations in interest rates;

•our ability to attract, develop, and retain qualified employees;

•inadequate intellectual property protection or infringement of the intellectual property of others;

•our ability to access capital markets; and

•other matters, including those of a political, economic, business, competitive and regulatory nature contained from time to time in our U.S. Securities and Exchange Commission ("SEC") filings, including, but not limited to, those factors listed in the "Risk Factors" section within Item 1A of Part I of our Form 10-K for the fiscal year ended August 31, 2025 filed with the SEC on October 17, 2025 (the “fiscal 2025 Annual Report on Form 10-K”) and in the "Risk Factors" section within Item 1A of this Quarterly Report on Form 10-Q.

When used herein, the terms “we,” “us,” “our” and the “Company” refer to Enerpac Tool Group Corp. and its subsidiaries. Reference to fiscal years, such as "fiscal 2026," are to the fiscal year ending on August 31 of the specified year. Enerpac Tool Group Corp. provides free-of-charge access to its Annual Report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments thereto, through its website, www.enerpactoolgroup.com, as soon as reasonably practicable after such reports are electronically filed with the SEC.

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PART I—FINANCIAL INFORMATION

Item 1—Condensed Consolidated Financial Statements (Unaudited)

ENERPAC TOOL GROUP CORP.

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(In thousands, except per share amounts)

(Unaudited)

	Three Months Ended November 30,
	2025		2024
Net sales	$	144,208	$	145,196
Cost of products sold	71,026		70,544
Gross profit	73,182		74,652
Selling, general and administrative expenses	43,095		42,318
Amortization of intangible assets	1,597		1,202
Operating profit	28,490		31,132
Financing costs, net	2,265		2,770
Other expense, net	668		487
Earnings before income tax expense	25,557		27,875
Income tax expense	6,426		6,152
Net earnings	$	19,131	$	21,723
Earnings per share
Basic	$	0.36	$	0.40
Diluted	$	0.36	$	0.40
Weighted average common shares outstanding
Basic	52,980		54,242
Diluted	53,348		54,812

The accompanying notes are an integral part of these condensed consolidated financial statements.

3

ENERPAC TOOL GROUP CORP.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

(Unaudited)

	Three Months Ended November 30,
	2025		2024
Net earnings	$	19,131	$	21,723
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(4,662)		(10,046)
Pension and other postretirement benefit plans	279		298
Cash flow hedges	(234)		72
Total other comprehensive (loss), net of tax	(4,617)		(9,676)
Comprehensive income	$	14,514	$	12,047

The accompanying notes are an integral part of these condensed consolidated financial statements.

4

ENERPAC TOOL GROUP CORP.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share amounts)

	(Unaudited)
	November 30, 2025		August 31, 2025
ASSETS
Current assets
Cash and cash equivalents	$	139,047	$	151,558
Accounts receivable, net	98,067		106,085
Inventories, net	90,307		78,774
Other current assets	45,054		39,701
Total current assets	372,475		376,118
Property, plant and equipment, net	52,739		53,275
Goodwill	287,988		289,787
Other intangible assets, net	44,954		46,942
Other long-term assets	59,905		61,745
Total assets	$	818,061	$	827,867
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Current maturities of long-term debt	$	8,750	$	7,500
Trade accounts payable	41,698		42,944
Accrued compensation and benefits	21,746		28,108
Income taxes payable	9,841		5,425
Other current liabilities	49,743		53,125
Total current liabilities	131,778		137,102
Long-term debt, net	179,710		182,168
Deferred income taxes	7,337		6,192
Pension and postretirement benefit liabilities	6,744		7,147
Other long-term liabilities	61,438		61,564
Total liabilities	387,007		394,173
Shareholders’ equity
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 52,773,605 and 52,946,336 shares, respectively	10,555		10,589
Additional paid-in capital	240,842		243,137
Retained earnings	288,408		284,102
Accumulated other comprehensive loss	(108,751)		(104,134)
Stock held in trust	(3,542)		(3,542)
Deferred compensation liability	3,542		3,542
Total shareholders' equity	431,054		433,694
Total liabilities and shareholders’ equity	$	818,061	$	827,867

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

ENERPAC TOOL GROUP CORP.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	Three Months Ended November 30,
	2025		2024
Operating Activities
Net earnings	$	19,131	$	21,723
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	4,448		3,514
Stock-based compensation expense	2,975		3,345
Provision for deferred income taxes	968		2,684
Amortization of debt issuance costs	147		147
Provision for bad debts	220		—
Other non-cash expenses	33		46
Changes in components of working capital and other, excluding acquisitions and divestitures:
Accounts receivable	7,332		5,479
Inventories	(12,036)		(9,306)
Trade accounts payable	(1,158)		790
Prepaid expenses and other assets	(3,284)		(9,777)
Income tax accounts	3,387		422
Accrued compensation and benefits	(6,409)		(7,470)
Other accrued liabilities	222		(2,948)
Cash provided by operating activities	15,976		8,649
Investing Activities
Capital expenditures	(2,677)		(5,857)
Cash paid for business acquisitions, net of cash acquired	—		(27,196)
Deferred acquisition payments	(949)		—
Cash used in investing activities	(3,626)		(33,053)
Financing Activities
Borrowings on revolving credit facility	—		14,421
Principal repayments on revolving credit facility	—		(14,421)
Principal repayments on term loan	(1,250)		(1,250)
Purchase of treasury shares	(14,899)		(4,379)
Stock options, taxes paid related to the net share settlement of equity awards and other	(5,229)		(4,987)
Payment of cash dividend	(2,119)		(2,167)
Cash used in financing activities	(23,497)		(12,783)
Effect of exchange rate changes on cash	(1,364)		826
Net decrease in cash and cash equivalents	(12,511)		(36,361)
Cash and cash equivalents - beginning of period	151,558		167,094
Cash and cash equivalents - end of period	$	139,047	$	130,733

The accompanying notes are an integral part of these condensed consolidated financial statements.

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NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Basis of Presentation

General

Enerpac Tool Group Corp. (the "Company") is a premier 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. Enerpac Tool Group's businesses are global leaders in providing high pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Milwaukee, Wisconsin. The Company has one reportable segment, the Industrial Tools & Service Segment ("IT&S"), and an Other operating segment, which does not meet the criteria to be considered a reportable segment. The IT&S segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the refinery/petrochemical; general industrial; industrial maintenance, repair and operations, machining & manufacturing; power generation, infrastructure, mining and other markets.

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles ("GAAP") for interim financial reporting and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The condensed consolidated balance sheet data as of August 31, 2025 was derived from the Company’s audited financial statements but does not include all disclosures required by GAAP. For additional information, including the Company’s significant accounting policies, refer to the consolidated financial statements and related footnotes in the Company’s fiscal 2025 Annual Report on Form 10-K.

In the opinion of management, all adjustments considered necessary for a fair statement of financial results have been made. Such adjustments consist of only those of a normal recurring nature. Operating results for the three months ended November 30, 2025 are not necessarily indicative of the results that may be expected for the entire fiscal year ending August 31, 2026.

Accumulated Other Comprehensive Loss

The following is a summary of the components included within the Company's accumulated other comprehensive loss (in thousands):

	November 30, 2025		August 31, 2025
Foreign currency translation adjustments	$	93,723	$	89,061
Pension and other postretirement benefit plans	14,812		15,091
Cash flow hedges	216		(18)
Accumulated other comprehensive loss	$	108,751	$	104,134

Property Plant and Equipment

The following is a summary of the components included within the Company's property, plant and equipment (in thousands):

	November 30, 2025		August 31, 2025
Land, buildings and improvements	$	27,260	$	27,272
Machinery and equipment	153,679		152,138
Gross property, plant and equipment	180,939		179,410
Less: Accumulated depreciation	(128,200)		(126,135)
Property, plant and equipment, net	$	52,739	$	53,275

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Product Warranty Costs

The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line in the Condensed Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a roll-forward of the changes in product warranty reserves for the three months ended November 30, 2025 and 2024, respectively (in thousands):

	Three Months Ended November 30,
	2025		2024
Beginning balance	$	1,089	$	534
Provision for warranties	339		187
Warranty payments and costs incurred	(421)		(216)
Impact of changes in foreign currency rates	(8)		(12)
Ending balance	$	999	$	493

Recently Issued Accounting Pronouncements

In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update 2023-09 “Income Taxes (Topic 470): Improvements to Income Tax Disclosures” (“ASU 2023-09”), which establishes new income tax disclosures to consistently categorize and provide greater disaggregation of information in the rate reconciliation, including dollar value and percentage impacts of each component of the reconciliation, as well as further disaggregates income taxes paid. This guidance is effective for fiscal years beginning after December 15, 2024, and interim periods thereafter. The Company is evaluating the impact of the adoption of ASU 2023-09 on the consolidated financial statements.

In November 2024, the FASB issued Accounting Standards Update 2024-03 “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures: Disaggregation of Income Statement Expenses” (“ASU 2024-03”), which is intended to improve disclosures about a public business entity's expenses, primarily through additional disaggregation of income statement expenses. ASU 2024-3 is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. The Company is evaluating the impact of the adoption of ASU 2024-03 on the consolidated financial statements.

In September 2025, the FASB issued Accounting Standards Update 2025-06 “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software” (ASU 2025-06), which replaces the stage-based capitalization model for the treatment of development costs of internal-use software with a principles-based framework, reflecting modern software development practices. In addition, ASU 2025-06 requires companies to capitalize software costs once management authorizes and commits to funding with probable completion and use. This guidance will be effective for annual reporting periods beginning after December 15, 2027, and for interim periods within annual reporting periods within those annual reporting periods, and allows multiple transition methods, including retrospective, prospective, or modified prospective application, with early adoption permitted. The Company is evaluating the impact of the adoption of ASU 2025-06 on the consolidated financial statements.

Note 2. Revenue from Contracts with Customers

Nature of Goods and Services

The Company generates its revenue under two principal activities, which are discussed below:

Product Sales: Sales of tools, heavy-lifting solutions, and biomedical textiles are recorded when control is transferred to the customer (i.e., performance obligation has been satisfied). For the majority of the Company’s product sales, revenue is recognized at a point in time when control of the product is transferred to the customer, which generally occurs when the product is shipped from the Company to the customer. For certain other products that are highly customized and have a limited alternative use, and for which the Company has an enforceable right of reimbursement for performance completed to date, revenue is recognized over time. We consider the input measure (efforts-expended or cost-to-cost) or output measure as a fair measure of progress for the recognition of over-time revenue associated with these custom products. For a majority of the Company’s custom products, machine hours and labor hours (efforts-expended measurement) are used as a measure of progress.

Service & Rental Sales: Service contracts consist of providing highly trained technicians to perform bolting, technical services, machining and joint-integrity work for our customers. These revenues are recognized over time as our customers simultaneously receive and consume the benefits provided by the Company. We consider the input measure (efforts-expended or cost-to-cost) or output measure as a fair measure of progress for the recognition of over-time revenue associated with service contracts. For a majority of the Company’s service contracts, labor hours (efforts-expended measurement) is used as the measure of progress when it is

8

determined to be a better depiction of the transfer of control to the customer due to the timing and pattern of labor hours incurred. Revenue from rental contracts (less than a year and non-customized products) is generally recognized ratably over the contract term, depicting the customer’s consumption of the benefit related to the rental equipment.

Disaggregated Revenue and Performance Obligations

The Company disaggregates revenue from contracts with customers by reportable segment and product line and by the timing of when goods and services are transferred. See Note 11, "Segment Information" for information regarding our revenue disaggregation by reportable segment and product line.

The following table presents information regarding revenues disaggregated by the timing of when goods and services are transferred (in thousands):

	Three Months Ended November 30,
	2025		2024
Revenues recognized at point in time	$	109,440	$	109,296
Revenues recognized over time	34,768		35,900
Total	$	144,208	$	145,196

Contract Balances

The Company's contract assets and liabilities are as follows (in thousands):

	November 30, 2025		August 31, 2025
Receivables, which are included in accounts receivable, net	$	98,067	$	106,085
Contract assets, which are included in other current assets	12,000		11,759
Contract liabilities, which are included in other current liabilities	6,084		3,422

Receivables: The Company performs its obligations under a contract with a customer by transferring goods or services in exchange for consideration from the customer. The Company typically invoices its customers as soon as control of an asset is transferred and a receivable for the Company is established. Accounts receivable, net is recorded at face amount of customer receivables less an allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts for expected losses as a result of customers’ inability to make required payments. Management evaluates the aging of customer receivable balances, the financial condition of its customers, historical trends and the time outstanding of specific balances to estimate the amount of receivables that may be collected in the future and records the appropriate provision. The allowance for doubtful accounts was $3.2 million and $3.8 million at November 30, 2025 and August 31, 2025, respectively.

Contract Assets: Contract assets relate to the Company’s rights to consideration for work completed but not billed as of the reporting date on contracts with customers. The contract assets are transferred to receivables when the rights become unconditional. The Company has contract assets on contracts that are generally long-term and have revenues that are recognized over time.

Contract Liabilities: As of November 30, 2025, the Company had certain contracts where there were unsatisfied performance obligations and the Company had received cash consideration from customers before the performance obligations were satisfied. The majority of these contracts relate to long-term customer contracts (project durations of greater than three months) and are recognized over time. The Company estimates that substantially all of the $6.1 million of contract liabilities will be recognized in net sales from satisfying those performance obligations within the next twelve months.

Timing of Performance Obligations Satisfied at a Point in Time: The Company evaluates when the customer obtains control of the product based on shipping terms, as control will transfer, depending upon such terms, at different points between the Company's manufacturing facility or warehouse and the customer’s location. The Company considers control to have transferred upon shipment or delivery because (i) the Company has a present right to payment at that time; (ii) the legal title has been transferred to the customer; (iii) the Company has transferred physical possession of the product to the customer; and (iv) the customer has significant risks and rewards of ownership of the product.

Variable Consideration: The Company estimates whether it will be subject to variable consideration under the terms of the contract and includes its estimate of variable consideration in the transaction price based on the expected value method when it is deemed probable of being realized based on historical experience and trends. Types of variable consideration may include rebates, incentives and discounts, among others, which are recorded as a reduction to net sales at the time when control of a performance obligation is transferred to the customer.

Practical Expedients & Exemptions: The Company elected to expense the incremental cost to obtaining a contract when the amortization period for such contracts would be one year or less. The Company does not disclose the value of unperformed obligations

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for (i) contracts with an original expected length of one year or less and    (ii) contracts for which it recognizes revenue at the amount to which it has the right to invoice for services performed.

Note 3. Restructuring Charges

The Company has undertaken or committed to various restructuring initiatives, including workforce reductions, leadership changes, plant consolidations to reduce manufacturing overhead, satellite office closures, the continued movement of production and product sourcing to low-cost alternatives and the centralization and standardization of certain administrative functions. Liabilities for severance are generally to be paid within twelve months, while future lease payments related to facilities vacated as a result of restructuring are to be paid over the underlying remaining lease terms.

During the third quarter of fiscal 2025, in light of soft market conditions and as to further increase efficiency of its selling, general and administrative spend, the Company incurred restructuring costs of $5.9 million, of which approximately three-quarters were related to personnel actions and the remainder were charges associated with the Company's former headquarters location.

The following summarizes restructuring reserve activity for the IT&S segment and Corporate for the three months ended November 30, 2025 (in thousands):

	Three Months Ended November 30, 2025
	IT&S		Corporate
Balance as of August 31, 2025	$	1,706	$	1,379
Cash payments	(195)		(1,054)
Impact of changes in foreign currency rates	(11)		—
Balance as of November 30, 2025	$	1,500	$	325

Note 4. Acquisitions

On September 4, 2024, the Company acquired 100% of the stock of DTA The Smart Move, S.A. ("DTA"), a global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The acquisition provides a complement to Enerpac's Heavy Lifting Technology product line and combines the Company's existing focus on vertical lift with DTA's specialization in horizontal movement enabling the Company to provide more comprehensive solutions for customers. The Company acquired all of the assets and assumed certain liabilities of DTA for an initial purchase price of $26.7 million plus potential earn-out of €12.0 million to be paid at the end of the third year following the acquisition that is tied to the achievement of certain financial objectives with a maximum total purchase price of €36.0 million. The acquisition was funded with both cash on hand and borrowings from our existing credit facility. The Company initially recorded a liability of €2.3 million related to the potential earn-out payment and recognized $15.0 million of intangible assets made up of amortizable assets including $1.7 million in tradenames amortizable over three years, $3.6 million in customer relationship amortizable over fourteen years and $9.8 million in developed technology amortizable over seven years. Management has estimated the fair value of the earn-out liability to be €2.5 million at November 30, 2025 and August 31, 2025. The Company finalized the fair value of assets and liabilities acquired as of August 31, 2025. There were no material adjustments to the preliminary fair value allocation upon finalization.

The excess of the acquisition purchase price over the fair value assigned to the assets acquired and liabilities assumed was recorded to goodwill. The value of the assets acquired and liabilities assumed as of the acquisition date were as follows (in thousands):

Current assets	$	6,299
Property, plant and equipment	2,841
Intangible assets	14,977
Goodwill	14,684
Long term assets	400
Total assets acquired	39,201
Current liabilities	(6,977)
Long term liabilities	(5,563)
Net assets acquired	$	26,661

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Note 5. Goodwill, Intangible Assets and Long-Lived Assets

Changes in the gross carrying value of goodwill and intangible assets result from changes in foreign currency exchange rates, business acquisitions, divestitures and impairment charges. The changes in the carrying amount of goodwill for the three months ended November 30, 2025 are as follows (in thousands):

	IT&S		Other		Total
Balance as of August 31, 2025	$	278,578	$	11,209	$	289,787
Impact of changes in foreign currency rates	(1,799)		—		(1,799)
Balance as of November 30, 2025	$	276,779	$	11,209	$	287,988

The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands):

		November 30, 2025						August 31, 2025
	Weighted Average Amortization Period (Years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Amortizable intangible assets:
Customer Relationships	14	$	114,364	$	104,136	$	10,228	$	115,055	$	104,083	$	10,972
Patents	12	11,105		9,760		1,345		11,193		9,796		1,397
Developed Technology	7	10,205		1,822		8,383		10,283		1,469		8,814
Trademarks and tradenames	7	7,207		3,567		3,640		7,291		3,100		4,191
Indefinite lived intangible assets:
Tradenames	N/A	21,358		—		21,358		21,568		—		21,568
		$	164,239	$	119,285	$	44,954	$	165,390	$	118,448	$	46,942

The Company estimates that amortization expense will be $4.2 million for the remaining nine months of fiscal 2026. Amortization expense for future years is estimated to be: $5.6 million in fiscal 2027, $3.6 million in fiscal 2028, $3.4 million in fiscal 2029, $2.6 million in fiscal 2030, $2.0 million in fiscal 2031 and $2.2 million cumulatively thereafter. The future amortization expense amounts represent estimates and may be impacted by future acquisitions, divestitures, or changes in foreign currency exchange rates, among other causes.

Note 6. Debt

The following is a summary of the Company’s long-term indebtedness (in thousands):

	November 30, 2025		August 31, 2025
Senior Credit Facility
Revolver	$	—	$	—
Term Loan	188,750		190,000
Total Senior Indebtedness	188,750		190,000
Less: Current maturities of long-term debt	(8,750)		(7,500)
Debt issuance costs	(290)		(332)
Total long-term debt, less current maturities	$	179,710	$	182,168

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Senior Credit Facility

On September 9, 2022, the Company refinanced its previous senior credit facility with a new $600 million senior credit facility, comprised of a $400 million revolving line of credit and a $200 million term loan, which is scheduled to mature in September 2027. The Company has the option to request up to $300 million of additional revolving commitments and/or term loans under the new facility, subject to customary conditions, including the commitment of the participating lenders. This facility replaces LIBOR with adjusted term SOFR as the interest rate benchmark and provides for interest rate margins above adjusted term SOFR ranging from 1.125% to 1.875% per annum depending on the Company’s net leverage ratio. In addition, a non-use fee is payable quarterly on the average unused amount of the revolving line of credit ranging from 0.15% to 0.3% per annum, based on the Company's net leverage. Borrowings under the credit facility bear interest at adjusted term SOFR plus 1.125% per annum.

The facility contains financial covenants requiring the Company to not permit (i) the net leverage ratio, determined as of the end of each of its fiscal quarters, to exceed 3.75 to 1.00 (or, at the Company’s election and subject to certain conditions, 4.25 to 1.00 for the covenants period during which certain material acquisitions occur and the next succeeding four testing periods) or (ii) the interest coverage ratio, determined as of the end of each of its fiscal quarters, to be less than 3.00 to 1.00. Borrowings under the facility are secured by substantially all personal property assets of the Company and its domestic subsidiary guarantors (other than certain specified excluded assets) and certain of the equity interests of certain subsidiaries of the Company. The Company was in compliance with all covenants under the credit facility at November 30, 2025.

At November 30, 2025, there were $188.8 million in borrowings outstanding under the term loans, no borrowings outstanding under the revolving line of credit and $399.5 million available for borrowing under the revolving line of credit facility after reduction for $0.5 million of outstanding letters of credit issued under the facility.

Note 7. Fair Value Measurements

The Company assesses the inputs used to measure the fair value of financial assets and liabilities using a three-tier hierarchy. Level 1 inputs include unadjusted quoted prices for identical instruments and are the most observable. Level 2 inputs include quoted prices for similar assets and observable inputs such as interest rates, foreign currency exchange rates, commodity rates and yield curves. Level 3 inputs are not observable in the market and include management’s own judgments about the assumptions market participants would use in pricing an asset or liability.

The fair value of the Company’s cash and cash equivalents, accounts receivable, accounts payable and variable rate long-term debt approximated book value at both November 30, 2025 and August 31, 2025 due to their short-term nature and the fact that the interest rates approximated market rates. Foreign currency exchange contracts and interest rate swaps are recorded at fair value. The fair value of the Company's foreign currency exchange contracts was a net liability of less than $0.1 million and a net asset of less than $0.1 million at November 30, 2025 and August 31, 2025, respectively.

The fair value of the Company's interest rate swap and net investment hedge was a liability of $0.3 million and $4.6 million at November 30, 2025, respectively, and an asset of less than $0.1 million and a liability of $4.7 million at August 31, 2025, respectively, (see Note 8, “Derivatives”, for further information on the Company's interest rate swap and net investment hedge.) The fair value of all derivative contracts were based on quoted inactive market prices and therefore classified as Level 2 within the valuation hierarchy.

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Note 8. Derivatives

All derivatives are recognized in the balance sheet at their estimated fair value. The Company does not enter into derivatives for speculative purposes. Changes in the fair value of derivatives (not designated as hedges) are recorded in earnings along with the gain or loss on the hedged asset or liability.

The Company is exposed to market risk for changes in foreign currency exchange rates due to the global nature of its operations. In order to manage this risk, the Company utilizes foreign currency exchange contracts to reduce the exchange rate risk associated with recognized non-functional currency balances. The effects of changes in exchange rates are reflected concurrently in earnings for both the fair value of the foreign currency exchange contracts and the related non-functional currency asset or liability. These derivative gains and losses offset foreign currency gains and losses from the related revaluation of non-functional currency assets and liabilities (amounts included in "Other expense, net" in the Condensed Consolidated Statements of Earnings). The U.S. dollar equivalent notional value of these short duration foreign currency exchange contracts was $9.7 million and $10.3 million at November 30, 2025 and August 31, 2025, respectively. The fair value of outstanding foreign currency exchange contracts was a net liability of less than $0.1 million and a net asset of $0.1 million at November 30, 2025 and August 31, 2025, respectively. Net foreign currency loss (gain) (included in "Other expense, net" in the Condensed Consolidated Statements of Earnings) related to these derivative instruments are as follows (in thousands):

	Three Months Ended November 30,
	2025		2024
Foreign currency loss (gain)	$	80	$	(151)

During December 2022, the Company entered into an interest rate swap, with a maturity date of November 30, 2025, for the notional amount of $60.0 million at a fixed interest rate of 4.022% to hedge the floating interest rate of the Company's term loan. Upon the maturation of this swap, during November 2025, the Company entered into a new interest rate swap, with a maturity date of September 9, 2027, for the notional amount of $90.0 million at a fixed interest rate of 3.4565%. The interest rate swap was designated and qualified as a cash flow hedge. The Company uses the interest rate swap for the management of interest rate risk exposure, as the interest rate swap effectively converts a portion of the Company's debt from a floating rate to a fixed rate.

The Company records the fair value of the interest rate swap as an asset or liability on its balance sheet. The change in the fair value of the interest rate swap, a net loss of $0.2 million and a net gain of less than $0.1 million for the three months ended November 30, 2025 and 2024, respectively, is recorded in other comprehensive income.

The Company also uses interest-rate derivatives to hedge portions of our net investments in non-U.S. subsidiaries (net investment hedge) against the effect of exchange rate fluctuations on the translation of foreign currency balances to the U.S. dollar. For derivatives that are designated and qualify as a net investment hedge in a foreign operation, the net gains or losses attributable to the hedge changes are recorded in other comprehensive income (loss) where they offset gains and losses recorded on our net investments where the entity has non-U.S. dollar functional currency. During December 2022, the Company entered into a cross-currency swap designated as a net investment hedge with a notional amount of $30.5 million. In November 2025, this cross-currency swap was amended to extend the maturity date to November 30, 2028. On October 28, 2024, the Company entered into an incremental cross-currency swap designated as a net investment hedge with a notional amount of $14.1 million. The change in the fair value of the net investment hedges, a net loss of $0.6 million and a net gain of $1.3 million for the three months ended November 30, 2025 and 2024 respectively, is recorded in other comprehensive income.

Note 9. Earnings per Share and Shareholders' Equity

The Company's Board of Directors has authorized the repurchase and immediate retirement of shares of the Company's common stock under publicly announced share repurchase and retirement programs. Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 32,158,195 shares of common stock for $922.5 million. In October 2025, the Company's Board of Directors approved a new share repurchase program authorizing the repurchase of a total of $200 million dollars of the Company's outstanding common stock. The Company repurchased and retired 376,814 shares for $14.9 million in the three months ended November 30, 2025 and 109,860 shares for $4.4 million in the three months ended November 30, 2024. At November 30, 2025, the maximum value of shares that may yet be purchased under the program is $185.3 million.

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The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):

	Three Months Ended November 30,
	2025		2024
Numerator:
Net earnings	$	19,131	$	21,723
Denominator:
Weighted average common shares outstanding - basic	52,980		54,242
Net effect of dilutive securities - stock based compensation plans	368		570
Weighted average common shares outstanding - diluted	53,348		54,812
Earnings per share:
Basic	$	0.36	$	0.40
Diluted	$	0.36	$	0.40
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)	158		49

The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2025 (in thousands):

	Common Stock			Additional Paid-in Capital		Treasury Stock		Retained Earnings		Accumulated Other Comprehensive Loss		Stock Held in Trust		Deferred Compensation Liability		Total Shareholders’ Equity
	Issued Shares	Amount
Balance at August 31, 2025	52,946	$	10,589	$	243,137	$	—	$	284,102	$	(104,134)	$	(3,542)	$	3,542	$	433,694
Net earnings	—	—		—		—		19,131		—		—		—		19,131
Other comprehensive loss, net of tax	—	—		—		—		—		(4,617)		—		—		(4,617)
Stock contribution to employee benefit plans and other	4	1		132		—		—		—		—		—		133
Vesting of equity awards	185	37		(37)		—		—		—		—		—		—
Cash dividend ($0.04 per share)	—	—		—		—		(1)		—		—		—		(1)
Stock based compensation expense	—	—		2,975		—		—		—		—		—		2,975
Stock option exercises	16	3		405		—		—		—		—		—		408
Tax effect related to net share settlement of equity awards	—	—		(5,770)		—		—		—		—		—		(5,770)
Treasury stock repurchased and retired	(377)	(75)		—		—		(14,824)		—		—		—		(14,899)
Balance at November 30, 2025	52,774	10,555		240,842		—		288,408		(108,751)		(3,542)		3,542		431,054

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The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2024 (in thousands):

	Common Stock			Additional Paid-in Capital		Treasury Stock		Retained Earnings		Accumulated Other Comprehensive Loss		Stock Held in Trust		Deferred Compensation Liability		Total Shareholders’ Equity
	Issued Shares	Amount
Balance at August 31, 2024	54,235	$	10,847	$	235,660	$	—	$	261,870	$	(116,398)	$	(3,777)	$	3,777	$	391,979
Net earnings	—	—		—		—		21,723		—		—		—		21,723
Other comprehensive income, net of tax	—	—		—		—		—		(9,676)		—		—		(9,676)
Stock contribution to employee benefit plans and other	2	—		91		—		—		—		—		—		91
Vesting of equity awards	186	37		(37)		—		—		—		—		—		—
Cash dividend ($0.04 per share)	—	—		—		—		3		—		—		—		3
Stock based compensation expense	—	—		3,345		—		—		—		—		—		3,345
Stock option exercises	87	18		1,310		—		—		—		—		—		1,328
Tax effect related to net share settlement of equity awards	—	—		(6,405)		—		—		—		—		—		(6,405)
Stock issued to, acquired for and distributed from rabbi trust	—	—		—		—		—		—		3		(3)		—
Treasury stock repurchased and retired	(110)	(22)		—		—		(4,357)		—		—		—		(4,379)
Balance at November 30, 2024	54,400	10,880		233,964		—		279,239		(126,074)		(3,774)		3,774		398,009

Note 10. Income Taxes

The Company's global operations, acquisition activity (as applicable) and specific tax attributes provide opportunities for continuous global tax planning initiatives to maximize tax credits and deductions. Comparative earnings before income taxes, income tax expense and effective income tax rates are as follows (dollars in thousands):

	Three Months Ended November 30,
	2025			2024
Earnings before income tax expense	$	25,557		$	27,875
Income tax expense	6,426			6,152
Effective income tax rate	25.1		%	22.1		%

The Company’s earnings before income taxes include earnings from both U.S. and foreign jurisdictions. As several foreign tax rates are higher than the U.S. tax rate of 21%, the annual effective tax rate is impacted by foreign rate differentials, withholding taxes, losses in jurisdictions where no benefit can be realized, and key international provisions enacted from recent tax legislation, such as the Global Intangible Low-Taxed Income and Foreign-Derived Intangible Income provisions.

The effective tax rate for the three months ended November 30, 2025 was 25.1%, compared to 22.1% for the comparable prior-year period. The effective tax rate in each time period was impacted by year-to-date losses and deductions in jurisdictions where no tax benefit can be realized. The higher effective tax rate for the three months ended November 30, 2025 was primarily driven by the more favorable tax impact of stock compensation in the prior period as compared to the current period. Both the current and prior-year period effective income tax rates include the impact of non-recurring items.

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Note 11. Segment Information

The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the infrastructure; industrial maintenance; repair and operations; oil & gas; mining; alternative and renewable energy; civil construction and other markets. The Other segment is included for purposes of reconciliation of the respective balances below to the condensed consolidated financial statements.

The Company’s Chief Executive Officer is the Chief Operating Decision Maker (CODM). The CODM allocates resources

and makes operating decisions based on the financial information presented by the Company’s segments. The measures

regularly reviewed by our CODM include segment sales, segment operating profit and segment operating profit margin. Our

CODM uses these financial measures, to evaluate and allocate capital and company resources as critical determinants of

segment performance. In addition, these metrics are used to monitor forecasted to actual and budgeted results to benchmark to

our peers. The following table includes segment sales, significant expense items and segment operating profit as viewed by the

CODM for three months ended November 30, 2025 and 2024 (in thousands):

	Three Months Ended November 30,
	2025		2024
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product	$	112,111	$	106,087
Service & Rental	25,651		34,047
	137,762		140,134
Other Segment	6,446		5,062
Consolidated Total	$	144,208	$	145,196
Cost of Products Sold
IT&S Segment	$	67,951	$	67,668
Other Segment	$	3,025	$	2,290
Corporate	50		586
Consolidated Total	71,026		70,544
Gross Profit
IT&S Segment	$	69,811	$	72,466
Other Segment	$	3,421	$	2,772
Corporate	(50)		(586)
Consolidated Total	73,182		74,652
Selling, General and Administrative Expenses
IT&S Segment	$	32,512	$	33,291
Other Segment	$	1,206	$	1,453
General Corporate	9,377		7,574
Consolidated Total	43,095		42,318
Amortization of Intangible Assets
IT&S Segment	$	1,559	$	1,183
General Corporate	38		19
Consolidated Total	1,597		1,202

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	Three Months Ended November 30,
	2025		2024
Operating Profit (Loss)
IT&S Segment	$	35,740	$	37,992
Other Segment	2,214		1,319
Corporate	(9,464)		(8,179)
Consolidated Total	$	28,490	$	31,132
Operating Profit %
IT&S Segment	25.9%		27.1%
Other Segment	34.3%		26.1%
Capital Expenditures:
IT&S Segment	$	2,274	$	1,905
Other Segment	70		122
General Corporate	333		3,830
Consolidated Total	2,677		5,857

	November 30, 2025		August 31, 2025
Assets
IT&S Segment	$	670,562	$	672,123
Other Segment	25,380		25,294
Corporate	122,119		130,450
Consolidated Total	$	818,061	$	827,867

In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment and divestiture charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, property, plant and equipment, Right of Use ("ROU") assets, capitalized debt issuance costs and deferred income taxes.

Note 12. Commitments and Contingencies

The Company had outstanding letters of credit of $6.6 million and surety bonds of $4.7 million at November 30, 2025 and $5.9 million of letters of credit and $4.8 million of surety bonds at August 31, 2025, the majority of which relate to commercial contracts and self-insured workers' compensation programs.

As part of the Company's global sourcing strategy, we have entered into agreements with certain suppliers that require the supplier to maintain minimum levels of inventory to support certain products for which we require a short lead time to fulfill customer orders. We have the ability to notify the supplier that they no longer need maintain the minimum level of inventory should we discontinue manufacturing of a product during the contract period; however, we must purchase the remaining minimum inventory levels the supplier was required to maintain within a defined period of time.

The Company is a party to various legal proceedings that have arisen in the normal course of business. These legal proceedings include regulatory matters, product liability, breaches of contract, employment, personal injury and other disputes. The Company has recorded reserves for loss contingencies based on the specific circumstances of each case. Such reserves are recorded when it is probable a loss has been incurred and can be reasonably estimated. The Company maintains a policy to exclude from such reserves an estimate of legal defense costs. In the opinion of management, resolution of these contingencies is not expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Additionally, in fiscal 2019, the Company provided voluntary self-disclosures to both Dutch and U.S. authorities related to sales of products and services linked to the Crimea region of Ukraine, which sales potentially violated European Union and U.S. sanctions provisions. Although the U.S. investigation closed without further implication, the Dutch investigation continued. The Dutch Investigator concluded his investigation in March 2022 and provided the results to the Public Prosecutor's office for review. Specifically, the Investigator concluded that the sales transactions violated EU sanctions. The conclusion in the Investigator's report was consistent with the Company's understanding of what could be stated in the report and supported the Company to record an expense in the fiscal year-ended August 31, 2021, representing the low end of a reasonable range of financial penalties the Company

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may incur as no other point within the range was deemed more probable. The matter remains subject to further legal proceedings in the Netherlands. The Company has not adjusted its estimate of financial penalties as a result of the status of legal proceedings in the three months ended November 30, 2025. While there can be no assurance of the ultimate outcome of the matter, the Company currently believes that there will be no material adverse effect on the Company's financial position, results of operations or cash flows from this matter.

Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations

Enerpac Tool Group Corp. is a premier 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. Enerpac Tool Group's businesses are global leaders in providing high pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Milwaukee, Wisconsin. The Company has one reportable segment, the Industrial Tools & Service Segment ("IT&S"), and an Other operating segment, which does not meet the criteria to be considered a reportable segment. The IT&S segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the refinery/petrochemical; general industrial; industrial maintenance, repair and operations (“MRO”), machining & manufacturing; power generation, infrastructure, mining and other markets. Financial information related to the Company's reportable segment is included in Note 11, “Segment Information” in the notes to the condensed consolidated financial statements.

Our businesses provide an array of products and services across multiple markets and geographies, which results in significant diversification. The IT&S segment and the Company are well-positioned to drive shareholder value through a sustainable business strategy built on well-established brands, broad global distribution and end markets, clear focus on the core tools and services business and disciplined capital deployment.

Our Business Model

Our long-term goal is to create sustainable returns for our shareholders through above-market growth in our core business, expanding our margins, generating strong cash flow, and being disciplined in the deployment of our capital. We intend to grow through execution of our organic growth strategy, focused on key vertical markets that benefit from long-term macro trends, driving customer driven innovation, expansion of our digital ecosystem to acquire and engage customers, and an expansion in emerging markets such as Asia Pacific. In addition to organic growth, we also focus on margin expansion through operational efficiency techniques, including lean, continuous improvement and 80/20, to drive productivity and lower costs, as well as optimizing our selling, general and administrative expenses through consolidation and shared service implementation. We also apply these techniques and pricing actions to offset commodity increases and inflationary pricing. Finally, cash flow generation is critical to achieving our financial and long-term strategic objectives. We believe driving profitable growth and margin expansion will result in cash flow generation, which we seek to supplement through minimizing primary working capital. We intend to allocate the cash flow that results from the execution of our strategy in a disciplined way toward investment in our businesses, maintaining our strong balance sheet, disciplined M&A program and opportunistically returning capital to shareholders. We anticipate the compounding effect of reinvesting in our business will fuel further growth and profitable returns.

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Results of Operations

The following table sets forth our results of operations (dollars in millions, except per share amounts):

	Three Months Ended November 30,
Results from Operations (1)	2025				2024
Net sales	$	144	100	%	$	145	100	%
Cost of products sold	71		49	%	71		49	%
Gross profit	73		51	%	75		51	%
Selling, general and administrative expenses	43		30	%	42		29	%
Amortization of intangible assets	2		1	%	1		1	%
Operating profit	28		20	%	31		21	%
Financing costs, net	2		2	%	3		2	%
Other expense, net	1		—	%	0		0	%
Earnings before income tax expense	26		18	%	28		19	%
Income tax expense	6		4	%	6		4	%
Net earnings	$	19	13	%	$	22	15	%
Diluted earnings per share	$	0.36			$	0.40

(1) The summation of the individual components may not equal the total due to rounding. Period to period differences between line items included in the table may differ from the amount presented below due to rounding.

Consolidated net sales for the three months ended November 30, 2025 were $144 million, a decrease of $1 million, or 1%, compared to the prior-year comparable period. The effect of the weakening U.S. dollar on foreign currency rates compared to the prior-year period favorably impacted sales by $3 million, or 2%. This resulted in an organic sales decline of approximately 2% in the quarter. Management refers to sales adjusted to exclude the impact of foreign currency changes and recent acquisitions and divestitures as "organic sales". In the three months ended November 30, 2025, product sales grew $7 million, or 7%, while foreign currency favorably impacted sales by $2 million, or 2%, resulting in organic product sales growth of 5% over the prior-year quarter. Service sales were down $8 million, or 25%, year-over-year, with a favorable impact of foreign currency of $1 million, or 2%, resulting in an organic service sales decline of 26%. Gross profit as a percent of sales decreased to 50.7%, compared to 51.4% in the first quarter of fiscal 2025; the decrease in gross profit margin is due to continued pressure in our service business, primarily in the United Kingdom market, and higher tariff-driven costs flowing through cost of goods sold. Operating profit for the first quarter of fiscal year 2026 was $28 million, a decrease of $3 million compared to the first quarter of fiscal 2025. The decrease in operating profit was mainly driven by the declines in our service business, primarily in the United Kingdom market, and higher tariff-driven costs flowing through cost of goods sold.

Segment Results

IT&S Segment

The IT&S segment is a global supplier of branded hydraulic and mechanical tools and services to a broad array of end markets, including refinery/petrochemical; general industrial; industrial MRO; machining & manufacturing; power generation; infrastructure; mining; and other markets. Its primary products include branded tools, cylinders, pumps, hydraulic torque wrenches, highly engineered heavy lifting technology solutions and other tools (Product product line). The segment provides maintenance and manpower services to meet customer-specific needs and rental capabilities for certain of our products (Service & Rental product line). The following table sets forth the results of operations for the IT&S segment (dollars in millions):

	Three Months Ended November 30,
	2025		2024
Net sales	$	138	$	140
Operating profit	36		38
Operating profit %	25.9%		27.1%

IT&S segment net sales for the first quarter of fiscal 2026 decreased by $2 million, or 2%, compared to the first quarter of fiscal 2025. The weakening of the U.S. dollar on foreign currency rates compared to three months ended November 30, 2024 favorably impacted sales by $3 million, or 2%. This resulted in an organic sales decline of $5 million, or 3%, in the quarter. The organic sales decrease is driven by activity declines in our service business, partially offset by growth in our product business. Service sales were

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down $8 million, or 25%, year-over-year, with a favorable impact of foreign currency of $1 million, or 2%, resulting in an organic service sales decline of 26%. Product sales were up $6 million, or 6%, year-over-year, with a favorable impact of foreign currency of $2 million, or 2%, resulting in organic product sales growth of 4%. Operating profit for the three months ended November 30, 2025 was $36 million, compared to $38 million in the same period of the prior year. The decrease in operating profit was mainly driven by the declines in our service business, primarily in the United Kingdom market, and higher tariff-driven costs flowing through cost of goods sold.

Corporate

Corporate expenses were $9 million and $8 million for the three months ended November 30, 2025 and 2024, respectively. The increase in expense was driven by higher personnel charges and growth investments.

Financing Costs, net

Net financing costs were $2 million and $3 million in the three months ended November 30, 2025 and 2024, respectively. Financing costs decreased due to lower debt balances and interest rates.

Income Tax Expense

The Company's global operations, acquisition activity (as applicable) and specific tax attributes provide opportunities for continuous global tax planning initiatives to maximize tax credits and deductions. Comparative earnings before income taxes, income tax expense and effective income tax rates are as follows (dollars in millions):

	Three Months Ended November 30,
	2025		2024
Earnings before income tax expense	$	26	$	28
Income tax expense	6		6
Effective income tax rate	25.1%		22.1%

The Company’s earnings before income taxes include earnings from both U.S. and foreign jurisdictions. As several foreign tax rates are higher than the U.S. tax rate of 21%, the annual effective tax rate is impacted by foreign rate differentials, withholding taxes, losses in jurisdictions where no benefit can be realized, and key international provisions enacted from recent tax legislation, such as the Global Intangible Low-Taxed Income and Foreign-Derived Intangible Income provisions.

The effective tax rate for the three months ended November 30, 2025 was 25.1%, compared to 22.1% for the comparable prior-year period. The effective tax rate in each time period was impacted by year-to-date losses and deductions in jurisdictions where no tax benefit can be realized. The higher effective tax rate for the three months ended November 30, 2025 was primarily driven by the more favorable tax impact of stock compensation in the prior period as compared to the current period. Both the current and prior-year period effective income tax rates include the impact of non-recurring items.

Cash Flows and Liquidity

At November 30, 2025, we had $139 million of cash and cash equivalents, of which $100 million was held by our foreign subsidiaries and $39 million was held domestically. The following table summarizes our cash flows provided by operating, investing and financing activities (dollars in millions):

	Three Months Ended November 30,
	2025		2024
Cash provided by operating activities	$	16	$	9
Cash used in investing activities	(4)		(33)
Cash used in financing activities	(23)		(13)
Effect of exchange rate changes on cash	(1)		1
Net decrease in cash and cash equivalents	$	(13)	$	(36)

Net cash provided by operating activities was $16 million and $9 million for the three months ended November 30, 2025 and 2024, respectively. The $7 million year-over-year variance is primarily driven by the timing of milestone payments on contracts where revenue is recognized over time.

Net cash used in investing activities was $4 million and $33 million for the three months ended November 30, 2025 and 2024, respectively. This decreased use of cash was primarily due to the $27 million payment made for the DTA acquisition in the first quarter of fiscal 2025.

20

Net cash used in financing activities was $23 million and $13 million for the three months ended November 30, 2025 and 2024, respectively. The $10 million increase in net cash used in financing activities for the three months ended November 30, 2025 was driven by higher share repurchases in the current-year period.

On September 9, 2022, the Company refinanced its previous senior credit facility with a $600 million senior credit facility, comprised of a $400 million revolving line of credit and a $200 million term loan, which is scheduled to mature in September 2027. The Company has the option to request up to $300 million of additional revolving commitments and/or term loans under the new facility, subject to customary conditions, including the commitment of the participating lenders. The senior credit facility contains restrictive covenants and financial covenants. See Note 6, "Debt" in the notes to the condensed consolidated financial statements for further details regarding the senior credit facility.

At November 30, 2025, there were no borrowings and $400 million available under the revolving line of credit facility. The Company was in compliance with all covenants under the senior credit facility at November 30, 2025.

We believe that the revolving credit line, combined with our existing cash on hand and anticipated operating cash flows, will be adequate to meet operating, debt service, acquisition and capital expenditure funding requirements for the foreseeable future.

Primary Working Capital Management

We use primary working capital as a percentage of sales (PWC %) as a key metric of working capital management. We define this metric as the sum of net accounts receivable and net inventory less accounts payable, divided by the past three months sales annualized. The following table shows a comparison of primary working capital (dollars in millions):

	November 30, 2025		PWC%		August 31, 2025		PWC%
Accounts receivable, net	$	98	17	%	$	106	16	%
Inventory, net	90		16	%	79		12	%
Accounts payable	(42)		(7)	%	(43)		(6)	%
Net primary working capital	$	147	25	%	$	142	21	%

Commitments and Contingencies

Given our desire to allocate cash flow and revolver availability to fund growth initiatives, we have historically leased most of our facilities and some operating equipment. We lease certain facilities, computers, equipment and vehicles under various operating lease agreements, generally over periods ranging from one to twenty years. Under most arrangements, we pay the property taxes, insurance, maintenance and expenses related to the leased property. Many of our leases include provisions that enable us to renew the leases at contractually agreed rates or, less commonly, based upon market rental rates on the date of expiration of the initial leases.

We had outstanding letters of credit of $7 million and surety bonds of $5 million at November 30, 2025 and $6 million of letters of credit and $5 million of surety bonds at August 31, 2025, the majority of which relate to commercial contracts and self-insured workers' compensation programs.

We are also subject to certain contingencies with respect to legal proceedings and regulatory matters which are described in Note 12, "Commitments and Contingencies" in the notes to the condensed consolidated financial statements. While there can be no assurance of the ultimate outcome of these matters, the Company believes that there will be no material adverse effect on the Company's results of operations, financial position or cash flows.

Contractual Obligations

Our contractual obligations have not materially changed at November 30, 2025 from what was previously disclosed in Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the heading “Contractual Obligations” in the fiscal 2025 Annual Report on Form 10-K.

Critical Accounting Estimates

Management has evaluated the accounting estimates used in the preparation of the Company's condensed consolidated financial statements and related notes and believe those estimates to be reasonable and appropriate. Certain of these accounting estimates are considered by management to be the most critical in understanding judgments involved in the preparation of our condensed consolidated financial statements and uncertainties that could impact our results of operations, financial position and cash flow. For information about more of the Company’s policies, methodology and assumptions related to critical accounting policies refer to the Critical Accounting Policies in Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” included in the fiscal 2025 Annual Report on Form 10-K.

21

Item 3 – Quantitative and Qualitative Disclosures about Market Risk

The diverse nature of our business activities necessitates the management of various financial and market risks, including those related to changes in interest rates, foreign currency exchange rates and commodity costs.

Interest Rate Risk: As of November 30, 2025, long-term debt consisted of no borrowing under the revolving line of credit (variable rate debt) and $189 million of term loan debt bearing interest based on SOFR (variable rate). An interest-rate swap effectively converts the SOFR-based rate of $90 million of term borrowings under our credit facility to a fixed rate. A ten percent increase in the average costs of our variable rate debt would have resulted in less than $1 million of an increase in financing costs for the three months ended November 30, 2025.

Foreign Currency Risk: We maintain operations in the U.S. and various foreign countries. Our more significant non-U.S. operations are located in Australia, the Netherlands, the United Kingdom, United Arab Emirates and China, and we have foreign currency risk relating to receipts from customers, payments to suppliers and intercompany transactions denominated in foreign currencies. Under certain conditions, we enter into hedging transactions (primarily foreign currency exchange contracts) that enable us to mitigate the potential adverse impact of foreign currency exchange rate risk (see Note 8, “Derivatives” in the notes to the consolidated financial statements for further information). We do not engage in trading or other speculative activities with these transactions, as established policies require that these hedging transactions relate to specific currency exposures.

The strengthening of the U.S. dollar against most currencies can have an unfavorable impact on our results of operations and financial position as foreign denominated operating results are translated into U.S. dollars. To illustrate the potential impact of changes in foreign currency exchange rates on the translation of our results of operations, quarterly sales and operating profit were re-measured assuming a ten percent decrease in all foreign exchange rates compared with the U.S. dollar. Using this assumption, quarterly sales would have been lower by $7 million and operating profit would have been lower by less than $1 million for the three months ended November 30, 2025. This sensitivity analysis assumes that each exchange rate would change in the same direction relative to the U.S. dollar and excludes the potential effects that changes in foreign currency exchange rates may have on sales levels or local currency prices. Similarly, a ten percent decline in foreign currency exchange rates versus the U.S. dollar would result in a $37 million reduction to equity (accumulated other comprehensive loss) as of November 30, 2025, as a result of non-U.S. dollar denominated assets and liabilities being translated into U.S. dollars, our reporting currency.

Commodity Cost Risk: We source a wide variety of materials and components from a network of global suppliers. While such materials are typically available from numerous suppliers, commodity raw materials, such as steel and plastic resin, are subject to price fluctuations, which could have a negative impact on our results. We strive to pass along such commodity price increases to customers to avoid profit margin erosion.

Item 4 – Controls and Procedures

Evaluation of Disclosure Controls and Procedures.

Under the supervision and with the participation of our senior management, including our chief executive officer and chief financial officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as of the end of the period covered by this quarterly report (the “Evaluation Date”). Based on this evaluation, our chief executive officer and chief financial officer concluded as of the Evaluation Date that our disclosure controls and procedures were effective such that the information relating to the Company, including consolidated subsidiaries, required to be disclosed in our SEC reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to the Company’s management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting.

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Exchange Act Rule 13a-15(f). There have been no changes in our internal control over financial reporting that occurred during the quarter ended November 30, 2025 that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

22

PART II—OTHER INFORMATION

Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds    

The Company's Board of Directors has authorized the repurchase and immediate retirement of shares of the Company's common stock under publicly announced share repurchase and retirement programs. Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 32,158,195 shares of common stock for $923 million. In October 2025, the Company's Board of Directors approved a new share repurchase program authorizing the repurchase of a total of $200 million dollars of the Company's outstanding common stock. The Company repurchased and retired 376,814 shares for $15 million in the three months ended November 30, 2025 and 109,860 shares for $4 million in the three months ended November 30, 2024. At November 30, 2025 the maximum value of shares that may yet be purchased under the program is $185 million.

Period	Shares Repurchased	Average Price Paid per Share	Total Dollars used to Purchase shares as Part of Publicly Announced Programs (in thousands)	Maximum Number of Dollars That May Yet Be Purchased Under the Program (in millions)
September 1 to September 30, 2025	—	$0.00	$0	$200
October 1 to October 31, 2025	20,000	$41.41	$828	$199
November 1 to November 30, 2025	356,814	$38.99	$13,913	$185
	376,814	$39.54	$14,741

Item 5 – Other Information

During the three months ended November 30, 2025, none of the Company’s directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a “Rule 10b5-l trading arrangement” or adopted or terminated a “non-Rule 10b5-1 trading arrangement” (as such terms are defined in Item 408 of Regulation S-K).

23

Item 6 – Exhibits

Exhibit	Description	Incorporated Herein By Reference To	Filed Herewith	Furnished Herewith
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002		X
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002		X
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002			X
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002			X
101	The following materials from the Enerpac Tool Group Corp. Form 10-Q for the three months ended November 30, 2025 and 2024 formatted in Inline Extensible Business Reporting Language (Inline XBRL): (i) the Condensed Consolidated Statements of Earnings, (ii) the Condensed Consolidated Statements of Comprehensive Income, (iii) the Condensed Consolidated Balance Sheets, (iv) the Condensed Consolidated Statements of Cash Flows and (v) the Notes to the Condensed Consolidated Financial Statements.		X
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in the Interactive Data Files submitted as Exhibit 101)

24

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	ENERPAC TOOL GROUP CORP.
	(Registrant)
Date: December 22, 2025	By:	/S/ DARREN M. KOZIK
		Darren M. Kozik
		Executive Vice President and Chief Financial Officer (Principal Financial Officer)

25

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Paul E. Sternlieb, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Enerpac Tool Group Corp.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting

Date: December 22, 2025

/s/ Paul E. Sternlieb

Paul E. Sternlieb

President and Chief Executive Officer

(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Darren M. Kozik, certify that:

1.I have reviewed this quarterly report on Form 10-Q of Enerpac Tool Group Corp.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting

Date: December 22, 2025

/s/ Darren M. Kozik

Darren M. Kozik

Executive Vice President and Chief Financial Officer

(Principal Financial Officer)

EX-32.1

Exhibit 32.1

WRITTEN STATEMENT OF THE CHIEF EXECUTIVE OFFICER

Pursuant to 18 U.S.C. ss.1350, I, the undersigned Chief Executive Officer and President of Enerpac Tool Group Corp. (the “Company”), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarterly period ended November 30, 2025 (the “Report”) fully complies with the requirements of Sections 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the periods covered in the Report.

Date: December 22, 2025

/s/ Paul E. Sternlieb

Paul E. Sternlieb
President and Chief Executive Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Enerpac Tool Group Corp. and will be retained by Enerpac Tool Group Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

The foregoing certification is being furnished to the Securities and Exchange Commission as an exhibit to the Form 10-Q and shall not be considered filed as part of the Form 10-Q.

EX-32.2

Exhibit 32.2

WRITTEN STATEMENT OF THE CHIEF FINANCIAL OFFICER

Pursuant to 18 U.S.C. ss.1350, I, the undersigned Executive Vice President and Chief Financial Officer of Enerpac Tool Group Corp. (the “Company”), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarterly period ended November 30, 2025 (the “Report”) fully complies with the requirements of Sections 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the periods covered in the Report.

Date: December 22, 2025

/s/ Darren M. Kozik

Darren M. Kozik

Executive Vice President and Chief Financial Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Enerpac Tool Group Corp. and will be retained by Enerpac Tool Group Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

The foregoing certification is being furnished to the Securities and Exchange Commission as an exhibit to the Form 10-Q and shall not be considered filed as part of the Form 10-Q.

XML

Document and Entity Information - $ / shares	3 Months Ended
	Nov. 30, 2025	Dec. 15, 2025	Aug. 31, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 2025
Document Transition Report	false
Entity File Number	1-11288
Entity Registrant Name	ENERPAC TOOL GROUP CORP.
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-0168610
Entity Address, Address Line One	648 N. PLANKINTON AVE., 4TH FLOOR
Entity Address, City or Town	MILWAUKEE
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53203
City Area Code	262
Local Phone Number	293-1500
Title of 12(b) Security	Class A common stock, $0.20 par value per share
Trading Symbol	EPAC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		52,776,305
Amendment Flag	false
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000006955
Current Fiscal Year End Date	--08-31
Common Class A
Document Information [Line Items]
Common Stock, Par or Stated Value Per Share	$ 0.20		$ 0.20
Common Stock, Shares Authorized	168,000,000		168,000,000
Common Stock, Shares, Issued	52,773,605		52,946,336

XML

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024
Income Statement [Abstract]
Net Sales	$ 144,208	$ 145,196
Cost of products sold	71,026	70,544
Gross profit	73,182	74,652
Selling, General and Administrative Expense	43,095	42,318
Amortization of intangible assets	1,597	1,202
Operating profit	28,490	31,132
Financing costs, net	2,265	2,770
Other expense, net	668	487
Income tax (benefit) expense	6,426	6,152
Net (loss) earnings	$ 19,131	$ 21,723
Earnings (loss) per share
(Loss) Earnings Per Share, Basic	$ 0.36	$ 0.40
(Loss) Earnings Per Share, Diluted	$ 0.36	$ 0.40
Weighted average common shares outstanding
Weighted average common shares outstanding - basic	52,980	54,242
Weighted Average Common Shares outstanding - diluted	53,348	54,812
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	$ 25,557	$ 27,875

XML

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Parent	$ (234)	$ 72
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(4,662)	(10,046)
Pension and other postretirement benefit plans	279	298
Other Comprehensive (Loss) Income, Net of Tax	(4,617)	(9,676)
Net (loss) earnings	19,131	21,723
Comprehensive (loss) income	$ 14,514	$ 12,047

XML

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Nov. 30, 2025	Aug. 31, 2025
Current assets
Cash and cash equivalents	$ 139,047	$ 151,558
Accounts receivable, net	98,067	106,085
Inventories, net	90,307	78,774
Other current assets	45,054	39,701
Total current assets	372,475	376,118
Property, plant and equipment, net	52,739	53,275
Goodwill	287,988	289,787
Other intangible assets, net	44,954	46,942
Other long-term assets	59,905	61,745
Total assets	818,061	827,867
Current liabilities
Current maturities of long-term debt	41,698	42,944
Trade accounts payable	21,746	28,108
Long-term Debt, Current Maturities	8,750	7,500
Income taxes payable	9,841	5,425
Other current liabilities	49,743	53,125
Total current liabilities	131,778	137,102
Long-term debt, net	179,710	182,168
Deferred Income Taxes	7,337	6,192
Pension and postretirement benefit liabilities	6,744	7,147
Other long-term liabilities	61,438	61,564
Total liabilities	387,007	394,173
Shareholders’ equity
Class A common stock, $0.20 par value per share, authorized 168,000,000 shares, issued 52,773,605 and 52,946,336 shares, respectively	10,555	10,589
Additional paid-in capital	240,842	243,137
Retained earnings	288,408	284,102
Accumulated Other Comprehensive Income (Loss), Net of Tax	(108,751)	(104,134)
Stock held in trust	(3,542)	(3,542)
Deferred compensation liability	3,542	3,542
Total shareholders' equity	431,054	433,694
Total liabilities and shareholders’ equity	$ 818,061	$ 827,867

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Nov. 30, 2025	Aug. 31, 2025
Treasury Stock, Common, Shares	0	0
Common Class A
Common Stock, Shares Authorized	168,000,000	168,000,000
Common Stock, Shares, Issued	52,773,605	52,946,336
Common Stock, Par or Stated Value Per Share	$ 0.20	$ 0.20

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024	Aug. 31, 2025	Aug. 31, 2024
Operating Activities
Net (loss) earnings	$ 19,131	$ 21,723
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	4,448	3,514
Stock-based compensation expense	2,975	3,345
Provision for deferred income taxes	968	2,684
Amortization of debt issuance costs	147	147
Other Noncash Income (Expense)	33	46
Increase in Receivable Reserve	220	0
Changes in components of working capital and other, excluding acquisitions and divestitures:
Accounts receivable	7,332	5,479
Inventories	(12,036)	(9,306)
Trade accounts payable	(1,158)	790
Prepaid expenses and other assets	(3,284)	(9,777)
Income tax accounts	3,387	422
Accrued compensation and benefits	(6,409)	(7,470)
Other accrued liabilities	222	(2,948)
Cash (Used in) Provided By Operating Activities	15,976	8,649
Investing Activities
Capital expenditures	(2,677)	(5,857)
Payments to Acquire Businesses, Net of Cash Acquired	0	27,196
Payment for Contingent Consideration Liability, Investing Activities	949	0
Cash Provided by Investing Activities	(3,626)	(33,053)
Financing Activities
Borrowings on Revolving Credit	0	14,421
Principal Repayment on Revolving Credit Facility	0	(14,421)
Principal repayments on term loan	(1,250)	(1,250)
Cash dividend	(2,119)	(2,167)
Cash used in financing activities	(23,497)	(12,783)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	(1,364)	826
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(12,511)	(36,361)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	139,047	130,733	$ 151,558	$ 167,094
Payments for Repurchase of Common Stock	(14,899)	(4,379)
Stock options, taxes paid related to the net share settlement of equity awards and other	$ (5,229)	$ (4,987)

XML

Basis of Presentation Schedule of Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Nov. 30, 2025

Schedule of Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Accumulated Other Comprehensive Loss

The following is a summary of the components included within the Company's accumulated other comprehensive loss (in thousands):

	November 30, 2025		August 31, 2025
Foreign currency translation adjustments	$	93,723	$	89,061
Pension and other postretirement benefit plans	14,812		15,091
Cash flow hedges	216		(18)
Accumulated other comprehensive loss	$	108,751	$	104,134

Schedule of Product Warranty Liability

The following is a roll-forward of the changes in product warranty reserves for the three months ended November 30, 2025 and 2024, respectively (in thousands):

	Three Months Ended November 30,
	2025		2024
Beginning balance	$	1,089	$	534
Provision for warranties	339		187
Warranty payments and costs incurred	(421)		(216)
Impact of changes in foreign currency rates	(8)		(12)
Ending balance	$	999	$	493

XML

Basis of Presentation

3 Months Ended

Nov. 30, 2025

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

General

Enerpac Tool Group Corp. (the "Company") is a premier 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. Enerpac Tool Group's businesses are global leaders in providing high pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Milwaukee, Wisconsin. The Company has one reportable segment, the Industrial Tools & Service Segment ("IT&S"), and an Other operating segment, which does not meet the criteria to be considered a reportable segment. The IT&S segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the refinery/petrochemical; general industrial; industrial maintenance, repair and operations, machining & manufacturing; power generation, infrastructure, mining and other markets.

The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles ("GAAP") for interim financial reporting and with the instructions of Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The condensed consolidated balance sheet data as of August 31, 2025 was derived from the Company’s audited financial statements but does not include all disclosures required by GAAP. For additional information, including the Company’s significant accounting policies, refer to the consolidated financial statements and related footnotes in the Company’s fiscal 2025 Annual Report on Form 10-K.

In the opinion of management, all adjustments considered necessary for a fair statement of financial results have been made. Such adjustments consist of only those of a normal recurring nature. Operating results for the three months ended November 30, 2025 are not necessarily indicative of the results that may be expected for the entire fiscal year ending August 31, 2026.

Accumulated Other Comprehensive Loss

The following is a summary of the components included within the Company's accumulated other comprehensive loss (in thousands):

	November 30, 2025		August 31, 2025
Foreign currency translation adjustments	$	93,723	$	89,061
Pension and other postretirement benefit plans	14,812		15,091
Cash flow hedges	216		(18)
Accumulated other comprehensive loss	$	108,751	$	104,134

Property Plant and Equipment

The following is a summary of the components included within the Company's property, plant and equipment (in thousands):

	November 30, 2025		August 31, 2025
Land, buildings and improvements	$	27,260	$	27,272
Machinery and equipment	153,679		152,138
Gross property, plant and equipment	180,939		179,410
Less: Accumulated depreciation	(128,200)		(126,135)
Property, plant and equipment, net	$	52,739	$	53,275

Product Warranty Costs

The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line in the Condensed Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a roll-forward of the changes in product warranty reserves for the three months ended November 30, 2025 and 2024, respectively (in thousands):

	Three Months Ended November 30,
	2025		2024
Beginning balance	$	1,089	$	534
Provision for warranties	339		187
Warranty payments and costs incurred	(421)		(216)
Impact of changes in foreign currency rates	(8)		(12)
Ending balance	$	999	$	493

Product Warranty Costs

Product Warranty Costs

The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line in the Condensed Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a roll-forward of the changes in product warranty reserves for the three months ended November 30, 2025 and 2024, respectively (in thousands):

	Three Months Ended November 30,
	2025		2024
Beginning balance	$	1,089	$	534
Provision for warranties	339		187
Warranty payments and costs incurred	(421)		(216)
Impact of changes in foreign currency rates	(8)		(12)
Ending balance	$	999	$	493

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Revenue Recognition Revenue from Contract Customers (Notes)

3 Months Ended

Nov. 30, 2025

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

Note 2. Revenue from Contracts with Customers

Nature of Goods and Services

The Company generates its revenue under two principal activities, which are discussed below:

Product Sales: Sales of tools, heavy-lifting solutions, and biomedical textiles are recorded when control is transferred to the customer (i.e., performance obligation has been satisfied). For the majority of the Company’s product sales, revenue is recognized at a point in time when control of the product is transferred to the customer, which generally occurs when the product is shipped from the Company to the customer. For certain other products that are highly customized and have a limited alternative use, and for which the Company has an enforceable right of reimbursement for performance completed to date, revenue is recognized over time. We consider the input measure (efforts-expended or cost-to-cost) or output measure as a fair measure of progress for the recognition of over-time revenue associated with these custom products. For a majority of the Company’s custom products, machine hours and labor hours (efforts-expended measurement) are used as a measure of progress.

Service & Rental Sales: Service contracts consist of providing highly trained technicians to perform bolting, technical services, machining and joint-integrity work for our customers. These revenues are recognized over time as our customers simultaneously receive and consume the benefits provided by the Company. We consider the input measure (efforts-expended or cost-to-cost) or output measure as a fair measure of progress for the recognition of over-time revenue associated with service contracts. For a majority of the Company’s service contracts, labor hours (efforts-expended measurement) is used as the measure of progress when it is

determined to be a better depiction of the transfer of control to the customer due to the timing and pattern of labor hours incurred. Revenue from rental contracts (less than a year and non-customized products) is generally recognized ratably over the contract term, depicting the customer’s consumption of the benefit related to the rental equipment.

Disaggregated Revenue and Performance Obligations

The Company disaggregates revenue from contracts with customers by reportable segment and product line and by the timing of when goods and services are transferred. See Note 11, "Segment Information" for information regarding our revenue disaggregation by reportable segment and product line.

The following table presents information regarding revenues disaggregated by the timing of when goods and services are transferred (in thousands):

	Three Months Ended November 30,
	2025		2024
Revenues recognized at point in time	$	109,440	$	109,296
Revenues recognized over time	34,768		35,900
Total	$	144,208	$	145,196

Contract Balances

The Company's contract assets and liabilities are as follows (in thousands):

	November 30, 2025		August 31, 2025
Receivables, which are included in accounts receivable, net	$	98,067	$	106,085
Contract assets, which are included in other current assets	12,000		11,759
Contract liabilities, which are included in other current liabilities	6,084		3,422

Receivables: The Company performs its obligations under a contract with a customer by transferring goods or services in exchange for consideration from the customer. The Company typically invoices its customers as soon as control of an asset is transferred and a receivable for the Company is established. Accounts receivable, net is recorded at face amount of customer receivables less an allowance for doubtful accounts. The Company maintains an allowance for doubtful accounts for expected losses as a result of customers’ inability to make required payments. Management evaluates the aging of customer receivable balances, the financial condition of its customers, historical trends and the time outstanding of specific balances to estimate the amount of receivables that may be collected in the future and records the appropriate provision. The allowance for doubtful accounts was $3.2 million and $3.8 million at November 30, 2025 and August 31, 2025, respectively.

Contract Assets: Contract assets relate to the Company’s rights to consideration for work completed but not billed as of the reporting date on contracts with customers. The contract assets are transferred to receivables when the rights become unconditional. The Company has contract assets on contracts that are generally long-term and have revenues that are recognized over time.

Contract Liabilities: As of November 30, 2025, the Company had certain contracts where there were unsatisfied performance obligations and the Company had received cash consideration from customers before the performance obligations were satisfied. The majority of these contracts relate to long-term customer contracts (project durations of greater than three months) and are recognized over time. The Company estimates that substantially all of the $6.1 million of contract liabilities will be recognized in net sales from satisfying those performance obligations within the next twelve months.

Timing of Performance Obligations Satisfied at a Point in Time: The Company evaluates when the customer obtains control of the product based on shipping terms, as control will transfer, depending upon such terms, at different points between the Company's manufacturing facility or warehouse and the customer’s location. The Company considers control to have transferred upon shipment or delivery because (i) the Company has a present right to payment at that time; (ii) the legal title has been transferred to the customer; (iii) the Company has transferred physical possession of the product to the customer; and (iv) the customer has significant risks and rewards of ownership of the product.

Variable Consideration: The Company estimates whether it will be subject to variable consideration under the terms of the contract and includes its estimate of variable consideration in the transaction price based on the expected value method when it is deemed probable of being realized based on historical experience and trends. Types of variable consideration may include rebates, incentives and discounts, among others, which are recorded as a reduction to net sales at the time when control of a performance obligation is transferred to the customer.

Practical Expedients & Exemptions: The Company elected to expense the incremental cost to obtaining a contract when the amortization period for such contracts would be one year or less. The Company does not disclose the value of unperformed obligations

for (i) contracts with an original expected length of one year or less and    (ii) contracts for which it recognizes revenue at the amount to which it has the right to invoice for services performed.

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Restructuring Charges (Notes)

3 Months Ended

Nov. 30, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Note 3. Restructuring Charges

The Company has undertaken or committed to various restructuring initiatives, including workforce reductions, leadership changes, plant consolidations to reduce manufacturing overhead, satellite office closures, the continued movement of production and product sourcing to low-cost alternatives and the centralization and standardization of certain administrative functions. Liabilities for severance are generally to be paid within twelve months, while future lease payments related to facilities vacated as a result of restructuring are to be paid over the underlying remaining lease terms.

During the third quarter of fiscal 2025, in light of soft market conditions and as to further increase efficiency of its selling, general and administrative spend, the Company incurred restructuring costs of $5.9 million, of which approximately three-quarters were related to personnel actions and the remainder were charges associated with the Company's former headquarters location.

The following summarizes restructuring reserve activity for the IT&S segment and Corporate for the three months ended November 30, 2025 (in thousands):

	Three Months Ended November 30, 2025
	IT&S		Corporate
Balance as of August 31, 2025	$	1,706	$	1,379
Cash payments	(195)		(1,054)
Impact of changes in foreign currency rates	(11)		—
Balance as of November 30, 2025	$	1,500	$	325

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Business Combinations, Asset Acquisitions, and Joint Venture Formation

3 Months Ended

Nov. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Business Combination

Note 4. Acquisitions

On September 4, 2024, the Company acquired 100% of the stock of DTA The Smart Move, S.A. ("DTA"), a global leader in the industrial heavy loads transportation industry, designing and manufacturing mobile robotic solutions. The acquisition provides a complement to Enerpac's Heavy Lifting Technology product line and combines the Company's existing focus on vertical lift with DTA's specialization in horizontal movement enabling the Company to provide more comprehensive solutions for customers. The Company acquired all of the assets and assumed certain liabilities of DTA for an initial purchase price of $26.7 million plus potential earn-out of €12.0 million to be paid at the end of the third year following the acquisition that is tied to the achievement of certain financial objectives with a maximum total purchase price of €36.0 million. The acquisition was funded with both cash on hand and borrowings from our existing credit facility. The Company initially recorded a liability of €2.3 million related to the potential earn-out payment and recognized $15.0 million of intangible assets made up of amortizable assets including $1.7 million in tradenames amortizable over three years, $3.6 million in customer relationship amortizable over fourteen years and $9.8 million in developed technology amortizable over seven years. Management has estimated the fair value of the earn-out liability to be €2.5 million at November 30, 2025 and August 31, 2025. The Company finalized the fair value of assets and liabilities acquired as of August 31, 2025. There were no material adjustments to the preliminary fair value allocation upon finalization.

The excess of the acquisition purchase price over the fair value assigned to the assets acquired and liabilities assumed was recorded to goodwill. The value of the assets acquired and liabilities assumed as of the acquisition date were as follows (in thousands):

Current assets	$	6,299
Property, plant and equipment	2,841
Intangible assets	14,977
Goodwill	14,684
Long term assets	400
Total assets acquired	39,201
Current liabilities	(6,977)
Long term liabilities	(5,563)
Net assets acquired	$	26,661

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Goodwill and Other Intangible Assets

3 Months Ended

Nov. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Note 5. Goodwill, Intangible Assets and Long-Lived Assets

Changes in the gross carrying value of goodwill and intangible assets result from changes in foreign currency exchange rates, business acquisitions, divestitures and impairment charges. The changes in the carrying amount of goodwill for the three months ended November 30, 2025 are as follows (in thousands):

	IT&S		Other		Total
Balance as of August 31, 2025	$	278,578	$	11,209	$	289,787
Impact of changes in foreign currency rates	(1,799)		—		(1,799)
Balance as of November 30, 2025	$	276,779	$	11,209	$	287,988

The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands):

		November 30, 2025						August 31, 2025
	Weighted Average Amortization Period (Years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Amortizable intangible assets:
Customer Relationships	14	$	114,364	$	104,136	$	10,228	$	115,055	$	104,083	$	10,972
Patents	12	11,105		9,760		1,345		11,193		9,796		1,397
Developed Technology	7	10,205		1,822		8,383		10,283		1,469		8,814
Trademarks and tradenames	7	7,207		3,567		3,640		7,291		3,100		4,191
Indefinite lived intangible assets:
Tradenames	N/A	21,358		—		21,358		21,568		—		21,568
		$	164,239	$	119,285	$	44,954	$	165,390	$	118,448	$	46,942

The Company estimates that amortization expense will be $4.2 million for the remaining nine months of fiscal 2026. Amortization expense for future years is estimated to be: $5.6 million in fiscal 2027, $3.6 million in fiscal 2028, $3.4 million in fiscal 2029, $2.6 million in fiscal 2030, $2.0 million in fiscal 2031 and $2.2 million cumulatively thereafter. The future amortization expense amounts represent estimates and may be impacted by future acquisitions, divestitures, or changes in foreign currency exchange rates, among other causes.

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Product Warranty Costs

3 Months Ended

Nov. 30, 2025

Guarantees [Abstract]

Product Warranty Costs

Product Warranty Costs

The Company generally offers its customers an assurance warranty on products sold, although warranty periods may vary by product type and application. The reserve for future warranty claims, which is recorded within the "Other current liabilities" line in the Condensed Consolidated Balance Sheets, is based on historical claim rates and current warranty cost experience. The following is a roll-forward of the changes in product warranty reserves for the three months ended November 30, 2025 and 2024, respectively (in thousands):

	Three Months Ended November 30,
	2025		2024
Beginning balance	$	1,089	$	534
Provision for warranties	339		187
Warranty payments and costs incurred	(421)		(216)
Impact of changes in foreign currency rates	(8)		(12)
Ending balance	$	999	$	493

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Debt

3 Months Ended

Nov. 30, 2025

Debt Disclosure [Abstract]

Debt

Note 6. Debt

The following is a summary of the Company’s long-term indebtedness (in thousands):

	November 30, 2025		August 31, 2025
Senior Credit Facility
Revolver	$	—	$	—
Term Loan	188,750		190,000
Total Senior Indebtedness	188,750		190,000
Less: Current maturities of long-term debt	(8,750)		(7,500)
Debt issuance costs	(290)		(332)
Total long-term debt, less current maturities	$	179,710	$	182,168

Senior Credit Facility

On September 9, 2022, the Company refinanced its previous senior credit facility with a new $600 million senior credit facility, comprised of a $400 million revolving line of credit and a $200 million term loan, which is scheduled to mature in September 2027. The Company has the option to request up to $300 million of additional revolving commitments and/or term loans under the new facility, subject to customary conditions, including the commitment of the participating lenders. This facility replaces LIBOR with adjusted term SOFR as the interest rate benchmark and provides for interest rate margins above adjusted term SOFR ranging from 1.125% to 1.875% per annum depending on the Company’s net leverage ratio. In addition, a non-use fee is payable quarterly on the average unused amount of the revolving line of credit ranging from 0.15% to 0.3% per annum, based on the Company's net leverage. Borrowings under the credit facility bear interest at adjusted term SOFR plus 1.125% per annum.

The facility contains financial covenants requiring the Company to not permit (i) the net leverage ratio, determined as of the end of each of its fiscal quarters, to exceed 3.75 to 1.00 (or, at the Company’s election and subject to certain conditions, 4.25 to 1.00 for the covenants period during which certain material acquisitions occur and the next succeeding four testing periods) or (ii) the interest coverage ratio, determined as of the end of each of its fiscal quarters, to be less than 3.00 to 1.00. Borrowings under the facility are secured by substantially all personal property assets of the Company and its domestic subsidiary guarantors (other than certain specified excluded assets) and certain of the equity interests of certain subsidiaries of the Company. The Company was in compliance with all covenants under the credit facility at November 30, 2025.

At November 30, 2025, there were $188.8 million in borrowings outstanding under the term loans, no borrowings outstanding under the revolving line of credit and $399.5 million available for borrowing under the revolving line of credit facility after reduction for $0.5 million of outstanding letters of credit issued under the facility.

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Fair Value Measurement

3 Months Ended

Nov. 30, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurement

Note 7. Fair Value Measurements

The Company assesses the inputs used to measure the fair value of financial assets and liabilities using a three-tier hierarchy. Level 1 inputs include unadjusted quoted prices for identical instruments and are the most observable. Level 2 inputs include quoted prices for similar assets and observable inputs such as interest rates, foreign currency exchange rates, commodity rates and yield curves. Level 3 inputs are not observable in the market and include management’s own judgments about the assumptions market participants would use in pricing an asset or liability.

The fair value of the Company’s cash and cash equivalents, accounts receivable, accounts payable and variable rate long-term debt approximated book value at both November 30, 2025 and August 31, 2025 due to their short-term nature and the fact that the interest rates approximated market rates. Foreign currency exchange contracts and interest rate swaps are recorded at fair value. The fair value of the Company's foreign currency exchange contracts was a net liability of less than $0.1 million and a net asset of less than $0.1 million at November 30, 2025 and August 31, 2025, respectively.

The fair value of the Company's interest rate swap and net investment hedge was a liability of $0.3 million and $4.6 million at November 30, 2025, respectively, and an asset of less than $0.1 million and a liability of $4.7 million at August 31, 2025, respectively, (see Note 8, “Derivatives”, for further information on the Company's interest rate swap and net investment hedge.) The fair value of all derivative contracts were based on quoted inactive market prices and therefore classified as Level 2 within the valuation hierarchy.

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Derivatives

3 Months Ended

Nov. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Fair Value [Text Block]

Note 8. Derivatives

All derivatives are recognized in the balance sheet at their estimated fair value. The Company does not enter into derivatives for speculative purposes. Changes in the fair value of derivatives (not designated as hedges) are recorded in earnings along with the gain or loss on the hedged asset or liability.

The Company is exposed to market risk for changes in foreign currency exchange rates due to the global nature of its operations. In order to manage this risk, the Company utilizes foreign currency exchange contracts to reduce the exchange rate risk associated with recognized non-functional currency balances. The effects of changes in exchange rates are reflected concurrently in earnings for both the fair value of the foreign currency exchange contracts and the related non-functional currency asset or liability. These derivative gains and losses offset foreign currency gains and losses from the related revaluation of non-functional currency assets and liabilities (amounts included in "Other expense, net" in the Condensed Consolidated Statements of Earnings). The U.S. dollar equivalent notional value of these short duration foreign currency exchange contracts was $9.7 million and $10.3 million at November 30, 2025 and August 31, 2025, respectively. The fair value of outstanding foreign currency exchange contracts was a net liability of less than $0.1 million and a net asset of $0.1 million at November 30, 2025 and August 31, 2025, respectively. Net foreign currency loss (gain) (included in "Other expense, net" in the Condensed Consolidated Statements of Earnings) related to these derivative instruments are as follows (in thousands):

	Three Months Ended November 30,
	2025		2024
Foreign currency loss (gain)	$	80	$	(151)

During December 2022, the Company entered into an interest rate swap, with a maturity date of November 30, 2025, for the notional amount of $60.0 million at a fixed interest rate of 4.022% to hedge the floating interest rate of the Company's term loan. Upon the maturation of this swap, during November 2025, the Company entered into a new interest rate swap, with a maturity date of September 9, 2027, for the notional amount of $90.0 million at a fixed interest rate of 3.4565%. The interest rate swap was designated and qualified as a cash flow hedge. The Company uses the interest rate swap for the management of interest rate risk exposure, as the interest rate swap effectively converts a portion of the Company's debt from a floating rate to a fixed rate.

The Company records the fair value of the interest rate swap as an asset or liability on its balance sheet. The change in the fair value of the interest rate swap, a net loss of $0.2 million and a net gain of less than $0.1 million for the three months ended November 30, 2025 and 2024, respectively, is recorded in other comprehensive income.

The Company also uses interest-rate derivatives to hedge portions of our net investments in non-U.S. subsidiaries (net investment hedge) against the effect of exchange rate fluctuations on the translation of foreign currency balances to the U.S. dollar. For derivatives that are designated and qualify as a net investment hedge in a foreign operation, the net gains or losses attributable to the hedge changes are recorded in other comprehensive income (loss) where they offset gains and losses recorded on our net investments where the entity has non-U.S. dollar functional currency. During December 2022, the Company entered into a cross-currency swap designated as a net investment hedge with a notional amount of $30.5 million. In November 2025, this cross-currency swap was amended to extend the maturity date to November 30, 2028. On October 28, 2024, the Company entered into an incremental cross-currency swap designated as a net investment hedge with a notional amount of $14.1 million. The change in the fair value of the net investment hedges, a net loss of $0.6 million and a net gain of $1.3 million for the three months ended November 30, 2025 and 2024 respectively, is recorded in other comprehensive income.

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Capital Stock and Share Repurchase

3 Months Ended

Nov. 30, 2025

Earnings Per Share [Abstract]

Capital Stock and Share Repurchase

Note 9. Earnings per Share and Shareholders' Equity

The Company's Board of Directors has authorized the repurchase and immediate retirement of shares of the Company's common stock under publicly announced share repurchase and retirement programs. Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 32,158,195 shares of common stock for $922.5 million. In October 2025, the Company's Board of Directors approved a new share repurchase program authorizing the repurchase of a total of $200 million dollars of the Company's outstanding common stock. The Company repurchased and retired 376,814 shares for $14.9 million in the three months ended November 30, 2025 and 109,860 shares for $4.4 million in the three months ended November 30, 2024. At November 30, 2025, the maximum value of shares that may yet be purchased under the program is $185.3 million.

The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):

	Three Months Ended November 30,
	2025		2024
Numerator:
Net earnings	$	19,131	$	21,723
Denominator:
Weighted average common shares outstanding - basic	52,980		54,242
Net effect of dilutive securities - stock based compensation plans	368		570
Weighted average common shares outstanding - diluted	53,348		54,812
Earnings per share:
Basic	$	0.36	$	0.40
Diluted	$	0.36	$	0.40
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)	158		49

The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2025 (in thousands):

	Common Stock			Additional Paid-in Capital		Treasury Stock		Retained Earnings		Accumulated Other Comprehensive Loss		Stock Held in Trust		Deferred Compensation Liability		Total Shareholders’ Equity
	Issued Shares	Amount
Balance at August 31, 2025	52,946	$	10,589	$	243,137	$	—	$	284,102	$	(104,134)	$	(3,542)	$	3,542	$	433,694
Net earnings	—	—		—		—		19,131		—		—		—		19,131
Other comprehensive loss, net of tax	—	—		—		—		—		(4,617)		—		—		(4,617)
Stock contribution to employee benefit plans and other	4	1		132		—		—		—		—		—		133
Vesting of equity awards	185	37		(37)		—		—		—		—		—		—
Cash dividend ($0.04 per share)	—	—		—		—		(1)		—		—		—		(1)
Stock based compensation expense	—	—		2,975		—		—		—		—		—		2,975
Stock option exercises	16	3		405		—		—		—		—		—		408
Tax effect related to net share settlement of equity awards	—	—		(5,770)		—		—		—		—		—		(5,770)
Treasury stock repurchased and retired	(377)	(75)		—		—		(14,824)		—		—		—		(14,899)
Balance at November 30, 2025	52,774	10,555		240,842		—		288,408		(108,751)		(3,542)		3,542		431,054

The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2024 (in thousands):

	Common Stock			Additional Paid-in Capital		Treasury Stock		Retained Earnings		Accumulated Other Comprehensive Loss		Stock Held in Trust		Deferred Compensation Liability		Total Shareholders’ Equity
	Issued Shares	Amount
Balance at August 31, 2024	54,235	$	10,847	$	235,660	$	—	$	261,870	$	(116,398)	$	(3,777)	$	3,777	$	391,979
Net earnings	—	—		—		—		21,723		—		—		—		21,723
Other comprehensive income, net of tax	—	—		—		—		—		(9,676)		—		—		(9,676)
Stock contribution to employee benefit plans and other	2	—		91		—		—		—		—		—		91
Vesting of equity awards	186	37		(37)		—		—		—		—		—		—
Cash dividend ($0.04 per share)	—	—		—		—		3		—		—		—		3
Stock based compensation expense	—	—		3,345		—		—		—		—		—		3,345
Stock option exercises	87	18		1,310		—		—		—		—		—		1,328
Tax effect related to net share settlement of equity awards	—	—		(6,405)		—		—		—		—		—		(6,405)
Stock issued to, acquired for and distributed from rabbi trust	—	—		—		—		—		—		3		(3)		—
Treasury stock repurchased and retired	(110)	(22)		—		—		(4,357)		—		—		—		(4,379)
Balance at November 30, 2024	54,400	10,880		233,964		—		279,239		(126,074)		(3,774)		3,774		398,009

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Income Taxes

3 Months Ended

Nov. 30, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Note 10. Income Taxes

The Company's global operations, acquisition activity (as applicable) and specific tax attributes provide opportunities for continuous global tax planning initiatives to maximize tax credits and deductions. Comparative earnings before income taxes, income tax expense and effective income tax rates are as follows (dollars in thousands):

	Three Months Ended November 30,
	2025			2024
Earnings before income tax expense	$	25,557		$	27,875
Income tax expense	6,426			6,152
Effective income tax rate	25.1		%	22.1		%

The Company’s earnings before income taxes include earnings from both U.S. and foreign jurisdictions. As several foreign tax rates are higher than the U.S. tax rate of 21%, the annual effective tax rate is impacted by foreign rate differentials, withholding taxes, losses in jurisdictions where no benefit can be realized, and key international provisions enacted from recent tax legislation, such as the Global Intangible Low-Taxed Income and Foreign-Derived Intangible Income provisions.

The effective tax rate for the three months ended November 30, 2025 was 25.1%, compared to 22.1% for the comparable prior-year period. The effective tax rate in each time period was impacted by year-to-date losses and deductions in jurisdictions where no tax benefit can be realized. The higher effective tax rate for the three months ended November 30, 2025 was primarily driven by the more favorable tax impac

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Segment Information

3 Months Ended

Nov. 30, 2025

Segment Reporting [Abstract]

Segment Information

Note 11. Segment Information

The Company is a global manufacturer of a broad range of industrial products and solutions. The IT&S reportable segment is primarily engaged in the design, manufacture and distribution of branded hydraulic and mechanical tools and in providing services and tool rental to the infrastructure; industrial maintenance; repair and operations; oil & gas; mining; alternative and renewable energy; civil construction and other markets. The Other segment is included for purposes of reconciliation of the respective balances below to the condensed consolidated financial statements.

The Company’s Chief Executive Officer is the Chief Operating Decision Maker (CODM). The CODM allocates resources

and makes operating decisions based on the financial information presented by the Company’s segments. The measures

regularly reviewed by our CODM include segment sales, segment operating profit and segment operating profit margin. Our

CODM uses these financial measures, to evaluate and allocate capital and company resources as critical determinants of

segment performance. In addition, these metrics are used to monitor forecasted to actual and budgeted results to benchmark to

our peers. The following table includes segment sales, significant expense items and segment operating profit as viewed by the

CODM for three months ended November 30, 2025 and 2024 (in thousands):

	Three Months Ended November 30,
	2025		2024
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product	$	112,111	$	106,087
Service & Rental	25,651		34,047
	137,762		140,134
Other Segment	6,446		5,062
Consolidated Total	$	144,208	$	145,196
Cost of Products Sold
IT&S Segment	$	67,951	$	67,668
Other Segment	$	3,025	$	2,290
Corporate	50		586
Consolidated Total	71,026		70,544
Gross Profit
IT&S Segment	$	69,811	$	72,466
Other Segment	$	3,421	$	2,772
Corporate	(50)		(586)
Consolidated Total	73,182		74,652
Selling, General and Administrative Expenses
IT&S Segment	$	32,512	$	33,291
Other Segment	$	1,206	$	1,453
General Corporate	9,377		7,574
Consolidated Total	43,095		42,318
Amortization of Intangible Assets
IT&S Segment	$	1,559	$	1,183
General Corporate	38		19
Consolidated Total	1,597		1,202

	Three Months Ended November 30,
	2025		2024
Operating Profit (Loss)
IT&S Segment	$	35,740	$	37,992
Other Segment	2,214		1,319
Corporate	(9,464)		(8,179)
Consolidated Total	$	28,490	$	31,132
Operating Profit %
IT&S Segment	25.9%		27.1%
Other Segment	34.3%		26.1%
Capital Expenditures:
IT&S Segment	$	2,274	$	1,905
Other Segment	70		122
General Corporate	333		3,830
Consolidated Total	2,677		5,857

	November 30, 2025		August 31, 2025
Assets
IT&S Segment	$	670,562	$	672,123
Other Segment	25,380		25,294
Corporate	122,119		130,450
Consolidated Total	$	818,061	$	827,867

In addition to the impact of changes in foreign currency exchange rates, the comparability of segment and product line information is impacted by acquisition/divestiture activities, impairment and divestiture charges, restructuring costs and related benefits. Corporate assets, which are not allocated, principally represent cash and cash equivalents, property, plant and equipment, Right of Use ("ROU") assets, capitalized debt issuance costs and deferred income taxes.

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Contingencies and Litigation

3 Months Ended

Nov. 30, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure

Note 12. Commitments and Contingencies

The Company had outstanding letters of credit of $6.6 million and surety bonds of $4.7 million at November 30, 2025 and $5.9 million of letters of credit and $4.8 million of surety bonds at August 31, 2025, the majority of which relate to commercial contracts and self-insured workers' compensation programs.

As part of the Company's global sourcing strategy, we have entered into agreements with certain suppliers that require the supplier to maintain minimum levels of inventory to support certain products for which we require a short lead time to fulfill customer orders. We have the ability to notify the supplier that they no longer need maintain the minimum level of inventory should we discontinue manufacturing of a product during the contract period; however, we must purchase the remaining minimum inventory levels the supplier was required to maintain within a defined period of time.

The Company is a party to various legal proceedings that have arisen in the normal course of business. These legal proceedings include regulatory matters, product liability, breaches of contract, employment, personal injury and other disputes. The Company has recorded reserves for loss contingencies based on the specific circumstances of each case. Such reserves are recorded when it is probable a loss has been incurred and can be reasonably estimated. The Company maintains a policy to exclude from such reserves an estimate of legal defense costs. In the opinion of management, resolution of these contingencies is not expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Additionally, in fiscal 2019, the Company provided voluntary self-disclosures to both Dutch and U.S. authorities related to sales of products and services linked to the Crimea region of Ukraine, which sales potentially violated European Union and U.S. sanctions provisions. Although the U.S. investigation closed without further implication, the Dutch investigation continued. The Dutch Investigator concluded his investigation in March 2022 and provided the results to the Public Prosecutor's office for review. Specifically, the Investigator concluded that the sales transactions violated EU sanctions. The conclusion in the Investigator's report was consistent with the Company's understanding of what could be stated in the report and supported the Company to record an expense in the fiscal year-ended August 31, 2021, representing the low end of a reasonable range of financial penalties the Company

may incur as no other point within the range was deemed more probable. The matter remains subject to further legal proceedings in the Netherlands. The Company has not adjusted its estimate of financial penalties as a result of the status of legal proceedings in the three months ended November 30, 2025. While there can be no assurance of the ultimate outcome of the matter, the Company currently believes that there will be no material adverse effect on the Company's financial position, results of operations or cash flows from this matter.

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Insider Trading Arrangements

3 Months Ended

Nov. 30, 2025

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

Item 5 – Other Information

During the three months ended November 30, 2025, none of the Company’s directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a “Rule 10b5-l trading arrangement” or adopted or terminated a “non-Rule 10b5-1 trading arrangement” (as such terms are defined in Item 408 of Regulation S-K)

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Basis of Presentation Property, Plant and Equipment

3 Months Ended

Nov. 30, 2025

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment [Table Text Block]

Property Plant and Equipment

The following is a summary of the components included within the Company's property, plant and equipment (in thousands):

	November 30, 2025		August 31, 2025
Land, buildings and improvements	$	27,260	$	27,272
Machinery and equipment	153,679		152,138
Gross property, plant and equipment	180,939		179,410
Less: Accumulated depreciation	(128,200)		(126,135)
Property, plant and equipment, net	$	52,739	$	53,275

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Basis of Presentation Basis of Presentation (Policies)

3 Months Ended

Nov. 30, 2025

Accounting Policies [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Accumulated Other Comprehensive Loss

The following is a summary of the components included within the Company's accumulated other comprehensive loss (in thousands):

	November 30, 2025		August 31, 2025
Foreign currency translation adjustments	$	93,723	$	89,061
Pension and other postretirement benefit plans	14,812		15,091
Cash flow hedges	216		(18)
Accumulated other comprehensive loss	$	108,751	$	104,134

Property, Plant and Equipment [Table Text Block]

Property Plant and Equipment

The following is a summary of the components included within the Company's property, plant and equipment (in thousands):

	November 30, 2025		August 31, 2025
Land, buildings and improvements	$	27,260	$	27,272
Machinery and equipment	153,679		152,138
Gross property, plant and equipment	180,939		179,410
Less: Accumulated depreciation	(128,200)		(126,135)
Property, plant and equipment, net	$	52,739	$	53,275

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Revenue Recognition Disaggregation of Revenues (Tables)

3 Months Ended

Nov. 30, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents information regarding revenues disaggregated by the timing of when goods and services are transferred (in thousands):

	Three Months Ended November 30,
	2025		2024
Revenues recognized at point in time	$	109,440	$	109,296
Revenues recognized over time	34,768		35,900
Total	$	144,208	$	145,196

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Revenue Recognition Contract with Customer, Assets and Liabilities (Tables)

3 Months Ended

Nov. 30, 2025

Revenue from Contract with Customer [Abstract]

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

Contract Balances

The Company's contract assets and liabilities are as follows (in thousands):

	November 30, 2025		August 31, 2025
Receivables, which are included in accounts receivable, net	$	98,067	$	106,085
Contract assets, which are included in other current assets	12,000		11,759
Contract liabilities, which are included in other current liabilities	6,084		3,422

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Restructuring Charges (Tables) - USD ($)
$ in Thousands

3 Months Ended

Nov. 30, 2025

May 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Note 3. Restructuring Charges

The Company has undertaken or committed to various restructuring initiatives, including workforce reductions, leadership changes, plant consolidations to reduce manufacturing overhead, satellite office closures, the continued movement of production and product sourcing to low-cost alternatives and the centralization and standardization of certain administrative functions. Liabilities for severance are generally to be paid within twelve months, while future lease payments related to facilities vacated as a result of restructuring are to be paid over the underlying remaining lease terms.

During the third quarter of fiscal 2025, in light of soft market conditions and as to further increase efficiency of its selling, general and administrative spend, the Company incurred restructuring costs of $5.9 million, of which approximately three-quarters were related to personnel actions and the remainder were charges associated with the Company's former headquarters location.

The following summarizes restructuring reserve activity for the IT&S segment and Corporate for the three months ended November 30, 2025 (in thousands):

	Three Months Ended November 30, 2025
	IT&S		Corporate
Balance as of August 31, 2025	$	1,706	$	1,379
Cash payments	(195)		(1,054)
Impact of changes in foreign currency rates	(11)		—
Balance as of November 30, 2025	$	1,500	$	325

Restructuring and Related Costs [Table Text Block]

The following summarizes restructuring reserve activity for the IT&S segment and Corporate for the three months ended November 30, 2025 (in thousands):

	Three Months Ended November 30, 2025
	IT&S		Corporate
Balance as of August 31, 2025	$	1,706	$	1,379
Cash payments	(195)		(1,054)
Impact of changes in foreign currency rates	(11)		—
Balance as of November 30, 2025	$	1,500	$	325

FY25 Restructuring Plan

Restructuring Reserve [Roll Forward]

Restructuring Charges

$ 5,900

Industrial Tools & Services [Member] [Domain] | FY25 Restructuring Plan

Restructuring Reserve [Roll Forward]

Beginning Balance

$ 1,706

Cash payments

(195)

Impact of changes in foreign currency rates

(11)

Ending Balance

1,500

Corporate Segment | FY25 Restructuring Plan

Restructuring Reserve [Roll Forward]

Beginning Balance

1,379

Cash payments

(1,054)

Ending Balance

$ 325

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Business Combinations, Asset Acquisitions, and Joint Venture Formation (Tables)

3 Months Ended

Nov. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Business Combination, Recognized Asset Acquired and Liability Assumed

The excess of the acquisition purchase price over the fair value assigned to the assets acquired and liabilities assumed was recorded to goodwill. The value of the assets acquired and liabilities assumed as of the acquisition date were as follows (in thousands):

Current assets	$	6,299
Property, plant and equipment	2,841
Intangible assets	14,977
Goodwill	14,684
Long term assets	400
Total assets acquired	39,201
Current liabilities	(6,977)
Long term liabilities	(5,563)
Net assets acquired	$	26,661

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Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Nov. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying amount of goodwill for the three months ended November 30, 2025 are as follows (in thousands):

	IT&S		Other		Total
Balance as of August 31, 2025	$	278,578	$	11,209	$	289,787
Impact of changes in foreign currency rates	(1,799)		—		(1,799)
Balance as of November 30, 2025	$	276,779	$	11,209	$	287,988

Schedule Of Finite Lived And Indefinite Lived Intangible Assets Table

The gross carrying value and accumulated amortization of the Company’s intangible assets are as follows (in thousands):

		November 30, 2025						August 31, 2025
	Weighted Average Amortization Period (Years)	Gross Carrying Value		Accumulated Amortization		Net Book Value		Gross Carrying Value		Accumulated Amortization		Net Book Value
Amortizable intangible assets:
Customer Relationships	14	$	114,364	$	104,136	$	10,228	$	115,055	$	104,083	$	10,972
Patents	12	11,105		9,760		1,345		11,193		9,796		1,397
Developed Technology	7	10,205		1,822		8,383		10,283		1,469		8,814
Trademarks and tradenames	7	7,207		3,567		3,640		7,291		3,100		4,191
Indefinite lived intangible assets:
Tradenames	N/A	21,358		—		21,358		21,568		—		21,568
		$	164,239	$	119,285	$	44,954	$	165,390	$	118,448	$	46,942

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Product Warranty Costs (Tables)

3 Months Ended

Nov. 30, 2025

Guarantees [Abstract]

Schedule of Product Warranty Liability

The following is a roll-forward of the changes in product warranty reserves for the three months ended November 30, 2025 and 2024, respectively (in thousands):

	Three Months Ended November 30,
	2025		2024
Beginning balance	$	1,089	$	534
Provision for warranties	339		187
Warranty payments and costs incurred	(421)		(216)
Impact of changes in foreign currency rates	(8)		(12)
Ending balance	$	999	$	493

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Debt (Tables)

3 Months Ended

Nov. 30, 2025

Debt Disclosure [Abstract]

Long-Term Indebtedness

The following is a summary of the Company’s long-term indebtedness (in thousands):

	November 30, 2025		August 31, 2025
Senior Credit Facility
Revolver	$	—	$	—
Term Loan	188,750		190,000
Total Senior Indebtedness	188,750		190,000
Less: Current maturities of long-term debt	(8,750)		(7,500)
Debt issuance costs	(290)		(332)
Total long-term debt, less current maturities	$	179,710	$	182,168

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Derivatives Derivatives (Tables)

3 Months Ended

Nov. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss) [Table Text Block]

Net foreign currency loss (gain) (included in "Other expense, net" in the Condensed Consolidated Statements of Earnings) related to these derivative instruments are as follows (in thousands):

	Three Months Ended November 30,
	2025		2024
Foreign currency loss (gain)	$	80	$	(151)

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Earnings per Share and Shareholders' Equity Shareholders Equity - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

171 Months Ended

Nov. 30, 2025

Nov. 30, 2024

Nov. 30, 2025

Aug. 31, 2025

Aug. 31, 2024

Statement of Stockholders' Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2025 (in thousands):

	Common Stock			Additional Paid-in Capital		Treasury Stock		Retained Earnings		Accumulated Other Comprehensive Loss		Stock Held in Trust		Deferred Compensation Liability		Total Shareholders’ Equity
	Issued Shares	Amount
Balance at August 31, 2025	52,946	$	10,589	$	243,137	$	—	$	284,102	$	(104,134)	$	(3,542)	$	3,542	$	433,694
Net earnings	—	—		—		—		19,131		—		—		—		19,131
Other comprehensive loss, net of tax	—	—		—		—		—		(4,617)		—		—		(4,617)
Stock contribution to employee benefit plans and other	4	1		132		—		—		—		—		—		133
Vesting of equity awards	185	37		(37)		—		—		—		—		—		—
Cash dividend ($0.04 per share)	—	—		—		—		(1)		—		—		—		(1)
Stock based compensation expense	—	—		2,975		—		—		—		—		—		2,975
Stock option exercises	16	3		405		—		—		—		—		—		408
Tax effect related to net share settlement of equity awards	—	—		(5,770)		—		—		—		—		—		(5,770)
Treasury stock repurchased and retired	(377)	(75)		—		—		(14,824)		—		—		—		(14,899)
Balance at November 30, 2025	52,774	10,555		240,842		—		288,408		(108,751)		(3,542)		3,542		431,054

The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2024 (in thousands):

	Common Stock			Additional Paid-in Capital		Treasury Stock		Retained Earnings		Accumulated Other Comprehensive Loss		Stock Held in Trust		Deferred Compensation Liability		Total Shareholders’ Equity
	Issued Shares	Amount
Balance at August 31, 2024	54,235	$	10,847	$	235,660	$	—	$	261,870	$	(116,398)	$	(3,777)	$	3,777	$	391,979
Net earnings	—	—		—		—		21,723		—		—		—		21,723
Other comprehensive income, net of tax	—	—		—		—		—		(9,676)		—		—		(9,676)
Stock contribution to employee benefit plans and other	2	—		91		—		—		—		—		—		91
Vesting of equity awards	186	37		(37)		—		—		—		—		—		—
Cash dividend ($0.04 per share)	—	—		—		—		3		—		—		—		3
Stock based compensation expense	—	—		3,345		—		—		—		—		—		3,345
Stock option exercises	87	18		1,310		—		—		—		—		—		1,328
Tax effect related to net share settlement of equity awards	—	—		(6,405)		—		—		—		—		—		(6,405)
Stock issued to, acquired for and distributed from rabbi trust	—	—		—		—		—		—		3		(3)		—
Treasury stock repurchased and retired	(110)	(22)		—		—		(4,357)		—		—		—		(4,379)
Balance at November 30, 2024	54,400	10,880		233,964		—		279,239		(126,074)		(3,774)		3,774		398,009

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

$ 431,054

$ 398,009

$ 431,054

$ 433,694

$ 391,979

Net (loss) earnings

19,131

21,723

Other Comprehensive (Loss) Income, Net of Tax

(4,617)

(9,676)

Stock Issued During Period, Value, Employee Benefit Plan

133

91

Stock Issued During Period, Value, Restricted Stock Award, Gross

0

0

APIC, Share-based Payment Arrangement, Increase for Cost Recognition

2,975

3,345

Adoption of Accounting Standards

288,408

288,408

$ 284,102

Adjustments to Additional Paid in Capital, Other

(5,770)

(6,405)

Stock Issued During Period, Value, Stock Options Exercised

408

1,328

Treasury Stock, Value, Acquired, Cost Method

$ (922,500)

Treasury Stock, Retired, Cost Method, Amount

(14,899)

(4,379)

Dividends, Cash

$ (1)

$ (3)

Common Stock [Member]

Stock Issued During Period, Shares, New Issues

52,774

54,400

52,774

52,946

54,235

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

$ 10,555

$ 10,880

$ 10,555

$ 10,589

$ 10,847

Stock Issued During Period, Shares, Employee Benefit Plan

4

2

Stock Issued During Period, Value, Employee Benefit Plan

$ 1

Stock Issued During Period, Shares, Restricted Stock Award, Gross

185

186

Stock Issued During Period, Value, Restricted Stock Award, Gross

$ (37)

$ (37)

Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture

16

87

Stock Issued During Period, Value, Stock Options Exercised

$ 3

$ 18

Treasury Stock, Retired, Par Value Method, Amount

$ (75)

$ (22)

Treasury Stock, Shares, Retired

(377)

(110)

Additional Paid-in Capital [Member]

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

$ 240,842

$ 233,964

240,842

243,137

235,660

Stock Issued During Period, Value, Employee Benefit Plan

132

91

Stock Issued During Period, Value, Restricted Stock Award, Gross

(37)

(37)

APIC, Share-based Payment Arrangement, Increase for Cost Recognition

2,975

3,345

Adjustments to Additional Paid in Capital, Other

(5,770)

(6,405)

Stock Issued During Period, Value, Stock Options Exercised

405

1,310

Retained Earnings [Member]

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

288,408

279,239

288,408

284,102

261,870

Net (loss) earnings

19,131

21,723

Treasury Stock, Retired, Cost Method, Amount

(14,824)

(4,357)

Dividends, Cash

(1)

(3)

AOCI Attributable to Parent [Member]

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

(108,751)

(126,074)

(108,751)

(104,134)

(116,398)

Other Comprehensive (Loss) Income, Net of Tax

(4,617)

(9,676)

Stock held in trust [member] [Member]

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

(3,542)

(3,774)

(3,542)

(3,542)

(3,777)

Stock Value Issued to Acquired For and Distributed From Rabbi Trust

3

Deferred Compensation, Share-based Payments [Member]

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

3,542

3,774

3,542

3,542

3,777

Stock Value Issued to Acquired For and Distributed From Rabbi Trust

(3)

Treasury Stock, Common

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

$ 0

$ 0

$ 0

$ 0

$ 0

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Earnings Per Share (Tables)

3 Months Ended

Nov. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):

	Three Months Ended November 30,
	2025		2024
Numerator:
Net earnings	$	19,131	$	21,723
Denominator:
Weighted average common shares outstanding - basic	52,980		54,242
Net effect of dilutive securities - stock based compensation plans	368		570
Weighted average common shares outstanding - diluted	53,348		54,812
Earnings per share:
Basic	$	0.36	$	0.40
Diluted	$	0.36	$	0.40
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)	158		49

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Income Taxes Income Taxes (Tables)

3 Months Ended

Nov. 30, 2025

Income Tax Disclosure [Abstract]

Income Tax Effective Tax Rate [Table Text Block]

Comparative earnings before income taxes, income tax expense and effective income tax rates are as follows (dollars in thousands):

	Three Months Ended November 30,
	2025			2024
Earnings before income tax expense	$	25,557		$	27,875
Income tax expense	6,426			6,152
Effective income tax rate	25.1		%	22.1		%

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Segment Information (Tables)

3 Months Ended

Nov. 30, 2025

Segment Reporting [Abstract]

Summary of Financial Information by Reportable Segment and Product Line

The following table includes segment sales, significant expense items and segment operating profit as viewed by the

CODM for three months ended November 30, 2025 and 2024 (in thousands):

	Three Months Ended November 30,
	2025		2024
Net Sales by Reportable Segment & Product Line
IT&S Segment
Product	$	112,111	$	106,087
Service & Rental	25,651		34,047
	137,762		140,134
Other Segment	6,446		5,062
Consolidated Total	$	144,208	$	145,196
Cost of Products Sold
IT&S Segment	$	67,951	$	67,668
Other Segment	$	3,025	$	2,290
Corporate	50		586
Consolidated Total	71,026		70,544
Gross Profit
IT&S Segment	$	69,811	$	72,466
Other Segment	$	3,421	$	2,772
Corporate	(50)		(586)
Consolidated Total	73,182		74,652
Selling, General and Administrative Expenses
IT&S Segment	$	32,512	$	33,291
Other Segment	$	1,206	$	1,453
General Corporate	9,377		7,574
Consolidated Total	43,095		42,318
Amortization of Intangible Assets
IT&S Segment	$	1,559	$	1,183
General Corporate	38		19
Consolidated Total	1,597		1,202

	Three Months Ended November 30,
	2025		2024
Operating Profit (Loss)
IT&S Segment	$	35,740	$	37,992
Other Segment	2,214		1,319
Corporate	(9,464)		(8,179)
Consolidated Total	$	28,490	$	31,132
Operating Profit %
IT&S Segment	25.9%		27.1%
Other Segment	34.3%		26.1%
Capital Expenditures:
IT&S Segment	$	2,274	$	1,905
Other Segment	70		122
General Corporate	333		3,830
Consolidated Total	2,677		5,857

	November 30, 2025		August 31, 2025
Assets
IT&S Segment	$	670,562	$	672,123
Other Segment	25,380		25,294
Corporate	122,119		130,450
Consolidated Total	$	818,061	$	827,867

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Basis of Presentation Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Nov. 30, 2025	Aug. 31, 2025
Property, Plant and Equipment [Line Items]
Land, buildings and improvements	$ 27,260	$ 27,272
Machinery and equipment	153,679	152,138
Gross Property, Plant and Equipment	180,939	179,410
Less: Accumulated Depreciation	(128,200)	(126,135)
Property, Plant and Equipment, Net	$ 52,739	$ 53,275

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Basis of Presentation Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024	Aug. 31, 2025	Aug. 31, 2024
Condensed Statement of Income Captions [Line Items]
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax	$ 216		$ (18)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	93,723		89,061
Standard and Extended Product Warranty Accrual	999	$ 493	1,089	$ 534
Standard and Extended Product Warranty Accrual, Increase for Warranties Issued	339	187
Warranty Payments and costs incurred	(421)	(216)
Extended Product Warranty Accrual, Foreign Currency Translation Gain (Loss)	(8)	$ (12)
AOCI - Pension and other postretirement benefit plans, net of tax	14,812		15,091
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ 108,751		$ 104,134

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Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024
Disaggregation of Revenue [Line Items]
Revenues	$ 144,208	$ 145,196
Revenue Recognized at a Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	109,440	109,296
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 34,768	$ 35,900

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Revenue Recognition Contract with Customer, Asset and Liability (Details) - USD ($) $ in Thousands	Nov. 30, 2025	Aug. 31, 2025
Revenue from Contract with Customer [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 3,200	$ 3,800
Accounts receivable, net	98,067	106,085
Contract assets	12,000	11,759
Contract liabilities	6,084	$ 3,422
Revenue, remaining performance obligation, within next twelve months	$ 6,100

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Restructuring Charges (Details) - USD ($)
$ in Thousands

3 Months Ended

Nov. 30, 2025

May 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Note 3. Restructuring Charges

The Company has undertaken or committed to various restructuring initiatives, including workforce reductions, leadership changes, plant consolidations to reduce manufacturing overhead, satellite office closures, the continued movement of production and product sourcing to low-cost alternatives and the centralization and standardization of certain administrative functions. Liabilities for severance are generally to be paid within twelve months, while future lease payments related to facilities vacated as a result of restructuring are to be paid over the underlying remaining lease terms.

During the third quarter of fiscal 2025, in light of soft market conditions and as to further increase efficiency of its selling, general and administrative spend, the Company incurred restructuring costs of $5.9 million, of which approximately three-quarters were related to personnel actions and the remainder were charges associated with the Company's former headquarters location.

The following summarizes restructuring reserve activity for the IT&S segment and Corporate for the three months ended November 30, 2025 (in thousands):

	Three Months Ended November 30, 2025
	IT&S		Corporate
Balance as of August 31, 2025	$	1,706	$	1,379
Cash payments	(195)		(1,054)
Impact of changes in foreign currency rates	(11)		—
Balance as of November 30, 2025	$	1,500	$	325

FY25 Restructuring Plan

Restructuring Cost and Reserve [Line Items]

Restructuring Charges

$ 5,900

FY25 Restructuring Plan | Industrial Tools & Services [Member] [Domain]

Restructuring Cost and Reserve [Line Items]

Impact of changes in foreign currency rates

$ (11)

Cash payments

(195)

FY25 Restructuring Plan | General Corporate

Restructuring Cost and Reserve [Line Items]

Impact of changes in foreign currency rates

$ 0

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Business Combinations, Asset Acquisitions, and Joint Venture Formation (Details) $ in Thousands, € in Millions		3 Months Ended
	Sep. 04, 2024 USD ($)	Nov. 30, 2025 USD ($)	Nov. 30, 2024 USD ($)	Nov. 30, 2025 EUR (€)	Aug. 31, 2025 USD ($)	Sep. 04, 2024 EUR (€)
Business Combination [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 0	$ 27,196
Goodwill		$ 287,988			$ 289,787
Developed Technology
Business Combination [Line Items]
Weighted Average Amortization Period (Years)		7 years		7 years
Customer Relationships
Business Combination [Line Items]
Weighted Average Amortization Period (Years)		14 years		14 years
Technology-Based Intangible Assets
Business Combination [Line Items]
Weighted Average Amortization Period (Years)		7 years		7 years
DTA
Business Combination [Line Items]
Business Combination, Contingent Consideration, Liability | €				€ 2.5		€ 2.3
Payments to Acquire Businesses, Net of Cash Acquired	$ 26,700
Business Combination, Contingent Consideration, Range of Outcomes, Maximum, Amount | €						36.0
Business Combination, Recognized Asset Acquired, Property, Plant, and Equipment		$ 2,841
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Excluding Goodwill		14,977
Business Combination, Recognized Asset Acquired, Asset, Current		6,299
Business Combination, Recognized Asset Acquired, Asset, Noncurrent		400
Business Combination, Recognized Liability Assumed, Liability, Current		(6,977)
Business Combination, Recognized Liability Assumed, Liability, Noncurrent		(5,563)
Business Combination, Recognized Asset Acquired to Liability Assumed, Excess (Less)		26,661
Business Combination, Recognized Asset Acquired, Asset		39,201
Goodwill		$ 14,684
DTA | Maximum
Business Combination [Line Items]
Business Combination, Contingent Consideration, Liability | €						€ 12.0
DTA | Developed Technology
Business Combination [Line Items]
Weighted Average Amortization Period (Years)		3 years		3 years
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived		$ 1,700
DTA | Customer Relationships
Business Combination [Line Items]
Weighted Average Amortization Period (Years)		7 years		7 years
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived		$ 3,600
DTA | Technology-Based Intangible Assets
Business Combination [Line Items]
Weighted Average Amortization Period (Years)		7 years		7 years
Business Combination, Recognized Asset Acquired, Identifiable Intangible Asset, Finite-Lived		$ 9,800

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Changes in Carrying Value of Goodwill (Details) $ in Thousands	3 Months Ended
	Nov. 30, 2025 USD ($)
Goodwill [Roll Forward]
Impact of changes in foreign currency rates	$ (1,799)
Industrial Tools & Services [Member] [Domain]
Goodwill [Roll Forward]
Impact of changes in foreign currency rates	(1,799)
Other Operating Segment [Member]
Goodwill [Roll Forward]
Impact of changes in foreign currency rates	$ 0

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Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets (Details) - USD ($) $ in Thousands	Nov. 30, 2025	Aug. 31, 2025
Indefinite And Finite Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 119,285	$ 118,448
Statement of Financial Position [Abstract]
Gross Carrying Value	164,239	165,390
Net Book Value	44,954	46,942
Goodwill	287,988	289,787
Industrial Tools & Services [Member] [Domain]
Statement of Financial Position [Abstract]
Goodwill	276,779	278,578
Other Operating Segment [Member]
Statement of Financial Position [Abstract]
Goodwill	11,209	11,209
Tradenames
Indefinite And Finite Lived Intangible Assets [Line Items]
Gross Carrying Value	21,358	21,568
Accumulated Amortization	0	0
Net Book Value	$ 21,358	21,568
Customer Relationships
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	14 years
Gross Carrying Value	$ 114,364	115,055
Accumulated Amortization	104,136	104,083
Net Book Value	$ 10,228	10,972
Patents
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	12 years
Gross Carrying Value	$ 11,105	11,193
Accumulated Amortization	9,760	9,796
Net Book Value	$ 1,345	1,397
Developed Technology
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	7 years
Gross Carrying Value	$ 7,207	7,291
Accumulated Amortization	3,567	3,100
Net Book Value	$ 3,640	4,191
Technology-Based Intangible Assets
Indefinite And Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (Years)	7 years
Gross Carrying Value	$ 10,205	10,283
Accumulated Amortization	1,822	1,469
Net Book Value	$ 8,383	$ 8,814

XML

Goodwill and Other Intangible Assets - Additional Information (Details) $ in Millions	Nov. 30, 2025 USD ($)
Impaired Assets [Line Items]
Finite-Lived Intangible Asset, Expected Amortization, Year Two	$ 3.6
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	4.2
Finite-Lived Intangible Asset, Expected Amortization, Year Three	3.4
Finite-Lived Intangible Asset, Expected Amortization, Year Four	2.6
Finite-Lived Intangible Asset, Expected Amortization, after Year Five	2.2
Finite-Lived Intangible Asset, Expected Amortization, Year One	5.6
Finite-Lived Intangible Asset, Expected Amortization, Year Five	$ 2.0

XML

Rollforward of Accrued Product Warranty Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning balance	$ 1,089	$ 534
Provision for warranties	339	187
Warranty Payments and costs incurred	$ (421)	$ (216)

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Long-Term Indebtedness (Details) - USD ($) $ in Thousands	Nov. 30, 2025	Aug. 31, 2025
Debt Instrument [Line Items]
Long-term Debt	$ 188,750	$ 190,000
Long-term debt, net	179,710	182,168
Long-term Debt, Current Maturities	8,750	7,500
Debt Issuance Costs, Net	290	332
Senior Credit Facility - Term Loan | Debt Instrument, Name [Domain]
Debt Instrument [Line Items]
Long-term Debt	188,750	190,000
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt	$ 0	$ 0

XML

Debt - Additional Information (Details) $ in Thousands		3 Months Ended
	Sep. 09, 2022 USD ($)	Nov. 30, 2025 USD ($)	Nov. 30, 2024 USD ($)	Aug. 31, 2025 USD ($)
Debt Instrument [Line Items]
Borrowings on Revolving Credit		$ 0	$ 14,421
Senior Credit Facilty	$ 600,000
Long-term debt, net		179,710		$ 182,168
Long-term Debt		188,750		190,000
Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	200,000	$ 188,800
Senior credit facility expansion option, available	300,000
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]		Secured Overnight Financing Rate (SOFR) [Member]
Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 400,000
Long-term Debt		$ 0		0
Senior Credit Facility - Revolver
Debt Instrument [Line Items]
Outstanding letters of credit		(500)
Debt Instrument, Unused Borrowing Capacity, Amount		399,500
Debt Instrument, Name [Domain] | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Long-term Debt		$ 188,750		$ 190,000
Minimum
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.15%
Adjusted Leverage Ratio	1.00
Minimum | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Leverage ratio	1.00
Interest Coverage Ratio	100.00%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]
Maximum
Debt Instrument [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.30%
Adjusted Leverage Ratio	4.25
Maximum | Senior Credit Facility - Term Loan
Debt Instrument [Line Items]
Leverage ratio	3.75
Interest Coverage Ratio	300.00%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) [Member]

XML

Fair Value Measurement - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024	Aug. 31, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contract, Liability/Asset, Fair Value Disclosure			$ 100
Long-term Debt	$ 188,750		190,000
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net	(300)		100
Derivative Instruments in Hedges, at Fair Value, Net	(4,600)		(4,700)
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge	(200)	$ 100
Foreign Currency Contracts, Liability, Fair Value Disclosure	(100)
Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	$ 0		$ 0

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Derivatives Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		171 Months Ended
	Nov. 30, 2025	Nov. 30, 2024	Nov. 30, 2025	Nov. 17, 2025	Aug. 31, 2025	Oct. 28, 2024	Dec. 08, 2022
Derivative [Line Items]
Foreign Currency Contract, Liability/Asset, Fair Value Disclosure					$ 100
Loss on Foreign Currency Fair Value Hedge Derivatives and Not Designated as Hedging Instruments at Fair Value	$ 80	$ (151)
Long-term Debt	188,750		$ 188,750		190,000
Derivatives used in Net Investment Hedge, Increase (Decrease), Gross of Tax	(600)	1,300
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge	(200)	$ 100
Treasury Stock, Shares, Acquired			32,158,195
Foreign Currency Contracts, Liability, Fair Value Disclosure	(100)		$ (100)
Fair Value Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 9,700		$ 9,700		$ 10,300
Net Investment Hedging [Member]
Derivative [Line Items]
Derivative, Fair Value, Net						$ 14,100	$ 30,500
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Amount of Hedged Item				$ 90,000			$ 60,000
Derivative, Fixed Interest Rate				3.4565%			4.022%

XML

Earnings per Share and Shareholders' Equity Share Repurchase (Details) - USD ($)	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024	Oct. 10, 2025
Net (loss) earnings	$ 19,131,000	$ 21,723,000
Weighted average common shares outstanding - basic	52,980,000	54,242,000
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	368,000	570,000
Weighted Average Common Shares outstanding - diluted	53,348,000	54,812,000
Earnings Per Share, Basic	$ 0.36	$ 0.40
(Loss) Earnings Per Share, Diluted	$ 0.36	$ 0.40
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)	158,000	49,000
Share Repurchase Program, Remaining Authorized, Amount	$ 185,300,000
Stock Repurchased During Period, Shares	376,814	109,860
Stock Repurchased During Period, Value	$ 14,900,000	$ 4,400,000
Share Repurchase Program, Authorized, Amount			$ 200,000,000
Retained Earnings [Member]
Net (loss) earnings	$ 19,131,000	$ 21,723,000

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Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024
Income Tax Disclosure Additional Details [Table] [Line Items]
Income tax (benefit) expense	$ 6,426	$ 6,152
Effective Income Tax Rate Reconciliation, Percent	25.10%	22.10%
Federal Statutory Income Tax Rate, Percent	21.00%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 25,557	$ 27,875

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Summary of Financial Information by Reportable Segment and Product Line (Details) - USD ($) $ in Thousands	3 Months Ended
	Nov. 30, 2025	Nov. 30, 2024	Aug. 31, 2025
Segment Reporting Information [Line Items]
Net Sales	$ 144,208	$ 145,196
Operating Profit (Loss)	28,490	31,132
Assets	818,061		$ 827,867
Capital expenditures	2,677	5,857
Amortization of Intangible Assets	1,597	1,202
Selling, General and Administrative Expense	43,095	42,318
Gross Profit	73,182	74,652
Cost of products sold	71,026	70,544
Industrial Tools & Services [Member] [Domain]
Segment Reporting Information [Line Items]
Net Sales	137,762	140,134
Operating Profit (Loss)	35,740	37,992
Assets	670,562		672,123
Capital expenditures	$ 2,274	$ 1,905
Operating profit (loss) %	25.90%	27.10%
Amortization of Intangible Assets	$ 1,559	$ 1,183
Selling, General and Administrative Expense	32,512	33,291
Gross Profit	69,811	72,466
Cost of products sold	67,951	67,668
Industrial Tools & Services [Member] [Domain] | Products [Member]
Segment Reporting Information [Line Items]
Net Sales	112,111	106,087
Industrial Tools & Services [Member] [Domain] | Service & Rental [Member]
Segment Reporting Information [Line Items]
Net Sales	25,651	34,047
Other Operating Segment [Member]
Segment Reporting Information [Line Items]
Net Sales	6,446	5,062
Operating Profit (Loss)	2,214	1,319
Assets	25,380		25,294
Capital expenditures	$ 70	$ 122
Operating profit (loss) %	34.30%	26.10%
Selling, General and Administrative Expense	$ 1,206	$ 1,453
Gross Profit	3,421	2,772
Cost of products sold	3,025	2,290
General Corporate
Segment Reporting Information [Line Items]
Operating Profit (Loss)	(9,464)	(8,179)
Assets	122,119		$ 130,450
General Coporate
Segment Reporting Information [Line Items]
Capital expenditures	333	3,830
Amortization of Intangible Assets	38	19
Selling, General and Administrative Expense	9,377	7,574
Gross Profit	(50)	(586)
Cost of products sold	$ 50	$ 586

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Contingencies and Litigation - Additional Information (Details) - USD ($) $ in Millions	Nov. 30, 2025	Aug. 31, 2025
Standby Letters of Credit [Member]
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit	$ 6.6	$ 5.9
Loss Contingencies [Line Items]
Outstanding letters of credit	6.6	5.9
Surety Bond
Commitments and Contingencies Disclosure [Abstract]
Outstanding letters of credit	4.7	4.8
Loss Contingencies [Line Items]
Outstanding letters of credit	$ 4.7	$ 4.8