EPAC Q3 sales +5.6%, margin +260bp; announces $451M SFE Group acquisition, $225M credit boost

Filed July 9, 2026 · Period ending May 31, 2026 · Compared to 10-Q Jun 27, 2025 · ~2 min read

Key Changes

• high

  Announced $451M acquisition of SFE Group (pipe fabrication, welding, machining tools) to close Q1 FY27, funded by cash and borrowings under expanded credit facility; adds $21M in RSUs for key personnel.

  Notes: SFE Group acquisition view on EDGAR →
• high

  Increased revolving credit facility from $400M to $625M (+$225M) on July 7, 2026, providing liquidity for the SFE acquisition and future growth initiatives.

  Notes: credit facility expansion view on EDGAR →
• high

  Gross margin expanded 260bp to 53.0% from 50.4% prior year, driven by product sales growth and $7.3M tariff refund following U.S. court rulings invalidating IEEPA tariffs.

  MD&A: gross margin expansion; Notes: tariff refunds verify on EDGAR →