A power tool includes a housing, a motor supported in the housing, a transmission operably coupled to the motor, an output shaft rotatable about a central axis, a clutch mechanism including a resilient member, and a clutch mechanism adjustment assembly having a first ring rotatable about the central axis. The first ring includes a cam surface spaced from the central axis in a radial direction. The clutch mechanism adjustment assembly also includes a second ring coaxial with the first cam ring and in facing relationship with the cam surface, and a cam member disposed between the cam surface and the second ring. In response to rotation of the first ring relative to the second ring, the cam member engages the cam surface to displace the first ring relative to the second ring and compress the resilient member to increase the amount of torque transferred to the output shaft.