Actuant (ATU) Reports Q1 EPS of $0.27

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Go back to Actuant (ATU) Reports Q1 EPS of $0.27

Actuant Reports First Quarter 2019 Results; Updates Full Year 2019 Outlook

December 20, 2018 8:30 AM EST

First Quarter 2019 Highlights*

Completed sale of Cortland Fibron (upstream oil & gas) on December 19, 2018. Initiated process to divest Cortland US and Precision-Hayes International businesses, which have been moved to Assets and Liabilities Held for Sale. Total net sales were $293 million for the quarter. Core sales increased 3% on a year-over-year basis while foreign currency reduced net sales by 2% and the impact from acquisitions and divestitures was negligible. The Industrial Tools & Services (IT&S) segment achieved revenues of $149 million, with a core sales increase of 4% year-over-year. The Engineered Components & Systems (EC&S)... More