A power tool is provided with an adjustable handle assembly. The assembly has a housing and a handle connected to the housing. The handle may be movable between a plurality of positions and has a gripping portion. There may be a lock member associated with either of the movable handle or the housing. The other of the handle and the housing would have a mating member that cooperates with the lock member to lock the handle in position. The assembly may be provided with an actuator movable between a lock position to lock the handle and an unlock position to allow the handle to be moved. The handle may extend from a rear portion of the housing.