Actuant (ATU) Misses Q3 EPS by 1c, Lowers FY EPS Guidance
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Actuant Reports Third Quarter Results; Revises Fiscal 2017 Guidance
June 21, 2017 8:00 AM EDTMILWAUKEE--(BUSINESS WIRE)-- Actuant Corporation (NYSE: ATU) today announced results for its third quarter ended May 31, 2017.
Highlights
Consolidated sales were 3% below the comparable prior year quarter. Foreign currency rate changes reduced sales 2% and net acquisition & divestitures were a 1% headwind. The flat third quarter core sales rate of change reflected solid core growth in both the Industrial and Engineered Solutions segments, offset by difficult market conditions in the Energy segment. GAAP diluted earnings per share (EPS) were $0.37 in the third quarter of fiscal 2017... More