Actuant (ATU) Reports Q2 EPS of $0.11
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Actuant Reports Second Quarter Results; Updates Fiscal 2017 Guidance
March 22, 2017 8:00 AM EDTMILWAUKEE--(BUSINESS WIRE)-- Actuant Corporation (NYSE: ATU) today announced results for its second quarter ended February 28, 2017.
Highlights
Consolidated sales were 2% below the comparable prior year quarter with acquisitions net of divestitures a 2% benefit and foreign currency rate changes a 1% headwind. Second quarter core sales were down 3% with a return to core growth in both the Industrial and Engineered Solutions segments, offset by difficult market conditions in the Energy segment. GAAP diluted earnings per share (EPS) were $0.08 in the second quarter of fiscal 2017... More