Actuant (ATU) Misses Q2 EPS by 2c, Updates FY Guidance
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Actuant Reports Second Quarter Results; Adjusts Fiscal 2018 Guidance
March 21, 2018 8:30 AM EDTMILWAUKEE--(BUSINESS WIRE)-- Actuant Corporation (NYSE: ATU) today announced results for its second quarter ended February 28, 2018.
Highlights
Consolidated sales increased 6% over the comparable prior year quarter with a 5% benefit from foreign currency rate changes and a 2% reduction associated with net acquisitions and divestitures. Second quarter core sales (total sales excluding the impact of acquisitions, divestitures and foreign currency rate changes) increased 3% on a year-over-year basis with strong volumes in both the Engineered Solutions and Industrial segments. GAAP diluted loss per... More