Actuant (ATU) Misses Q4 EPS by 3c, Offers FY18 Guidance
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Actuant Reports Fourth Quarter and Full Year Fiscal 2017 Results; Provides Fiscal 2018 Guidance
September 27, 2017 8:00 AM EDTMILWAUKEE--(BUSINESS WIRE)-- Actuant Corporation (NYSE: ATU) today announced results for its fourth quarter and fiscal year ended August 31, 2017.
Highlights
Consolidated sales and core sales were flat with the comparable prior year quarter as foreign currency rate changes increased sales 1% and net acquisition & divestitures were a 1% headwind. Solid core sales growth in both the Industrial and Engineered Solutions segments was offset by difficult market conditions in the Energy segment. GAAP diluted earnings (loss) per share (EPS) was $(1.65) in the fourth quarter of fiscal 2017... More