Actuant (ATU) Tops Q3 EPS by 11c; Trims FY15 Outlook; Guides Q4 Below Views
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Actuant Reports Third Quarter Results; Updates Fiscal 2015 Guidance
June 17, 2015 8:01 AM EDTMILWAUKEE--(BUSINESS WIRE)-- Actuant Corporation (NYSE: ATU) today announced results for its third quarter ended May 31, 2015.
Highlights
Total sales declined 15% year-over-year with 7% attributable to the strengthening of the US dollar. Core sales were down 8% (total sales excluding the impact of acquisitions, divestitures and foreign currency rate changes). Diluted earnings per share (EPS) were $0.63, compared to $0.70 in the prior year (see Consolidated Results below and attached reconciliation of earnings). Third quarter EPS in both periods includes the benefit of favorable income tax items.... More