Actuant (ATU) Tops Q2 EPS by 1c, Revenues Miss; Offers Q3 & FY19 EPS/Revenue Guidance
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Actuant Reports Second Quarter 2019 Results
March 21, 2019 8:30 AM EDTSecond Quarter 2019 Highlights*
Completed sale of Precision-Hayes International business on December 31, 2018. Announced intent to divest EC&S segment on January 24, 2019. Total net sales were $272 million for the quarter. Core sales increased 7% on a year-over-year basis net of the impact of foreign currency and divestitures, each of which decreased net sales by 4%. The Industrial Tools & Services (IT&S) segment achieved second quarter revenues of $150 million and delivered a core sales increase of 12% year-over-year. The Engineered Components & Systems (EC&S) segment achieved revenues of... More