Posted March 17, 2010
Actuant Corp. reports flat sales
Actuant Corp. reported consolidated sales for the second quarter were $294 million, approximately equal to the comparable prior year quarter.
Earnings and EPS from continuing operations in the fiscal 2010 second quarter were $7.2 million and 10 cents, respectively, compared to $4.2 million and 8 cents in the comparable prior year quarter.
Six-month sales were $599 million, 10% lower than the $665 million in the comparable prior year period.
"Overall, we are optimistic that global industrial activity and the corresponding demand for our products and services will continue to improve through the remainder of the year. This, coupled with improved margins, should drive strong second half year-over-year EPS growth," said Robert C. Arzbaecher, chairman and CEO.
