Actuant (ATU) Tops Q3 EPS by 3c, Beats on Revenues; Updated FY18 EPS/Revenue Guidance Above Consensus, Boosts Sales Guidance

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Go back to Actuant (ATU) Tops Q3 EPS by 3c, Beats on Revenues; Updated FY18 EPS/Revenue Guidance Above Consensus, Boosts Sales Guidance

Actuant Reports Third Quarter Results; Updates Fiscal 2018 Guidance

June 20, 2018 8:30 AM EDT

MILWAUKEE--(BUSINESS WIRE)-- Actuant Corporation (NYSE: ATU) today announced results for its third quarter ended May 31, 2018.

Highlights

Consolidated sales increased 7% over the comparable prior year quarter with a 4% benefit from foreign currency rate changes and a 1% reduction associated with net acquisitions and divestitures. Third quarter core sales (total sales excluding the impact of acquisitions, divestitures and foreign currency rate changes) increased 4% on a year-over-year basis with strong volumes in both the Engineered Solutions and Industrial segments. GAAP diluted earnings per... More