Actuant (ATU) Reports Q4 EPS of $0.29; Offers FY17 Guidance
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Actuant Reports Fourth Quarter and Full Year Fiscal 2016 Results; Provides 2017 Guidance
September 28, 2016 8:01 AM EDTMILWAUKEE--(BUSINESS WIRE)-- Actuant Corporation (NYSE: ATU) today announced results for its fourth quarter and fiscal year ended August 31, 2016.
Fourth Quarter Highlights
Fourth quarter total sales declined 8% year-over-year with unfavorable foreign currency exchange rate changes negatively impacting sales by 1%, and the net benefit of acquisitions and divestitures adding 4%. Core sales were 11% lower year-over-year (total sales excluding the impact of acquisitions, divestitures and foreign currency rate changes). GAAP diluted earnings per share (EPS) were $0.29 in the fourth quarter of fiscal 2016 versus $0.37 in... More