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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, 2025August 31, 2025
Foreign currency translation adjustments$93,723 $89,061 
Pension and other postretirement benefit plans14,812 15,091 
Cash flow hedges216 (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, 2025August 31, 2025
Land, buildings and improvements$27,260 $27,272 
Machinery and equipment153,679 152,138 
Gross property, plant and equipment180,939 179,410 
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,
 20252024
Beginning balance$1,089 $534 
Provision for warranties339 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,
 20252024
Beginning balance$1,089 $534 
Provision for warranties339 187 
Warranty payments and costs incurred(421)(216)
Impact of changes in foreign currency rates(8)(12)
Ending balance$999 $493