Actuant (ATU) Tops Q1 EPS by 7c; Updates FY16 Outlook
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Actuant Reports First Quarter Results; Updates Fiscal 2016 Guidance
December 17, 2015 8:01 AM ESTMILWAUKEE--(BUSINESS WIRE)-- Actuant Corporation (NYSE: ATU) today announced results for its first quarter ended November 30, 2015.
Highlights
First quarter core sales were flat on a year-over-year basis (total sales excluding the impact of acquisitions, divestitures and foreign currency exchange rates) with strong Energy segment sales offsetting lower volume in the other segments. Consolidated sales were 7% below the comparable prior year quarter with the entire decline due to the stronger US dollar. Diluted earnings per share from continuing operations (EPS) was $0.31 excluding... More