Steve Silver's questions to Enerpac Tool Group Corp (EPAC) leadership • Q3 2025
Question
Steve Silver of Argus Research sought details on the new in-house innovation lab's scalability and impact on R&D, and inquired about the progress of new product innovation in Q3, following earlier commentary about a second-half focus.
Answer
CEO Paul Sternlieb explained that the new innovation lab's primary benefit is a dramatic improvement in speed-to-market for new products, reducing prototyping time from weeks to days. He confirmed the company's second-half innovation focus is on track, citing the launch of a new rail industry solution in Q3 alongside continued commercialization of prior-year products.