Posted September 28, 2011
Actuant sales up 30%
Actuant Corporation reported consolidated sales for the fourth quarter of $403 million, 30% higher than the comparable prior year quarter.
Core sales increased 10% with acquisitions contributing an additional 14% and the weaker U.S. dollar adding 6%.
The hydraulic tool maker had earnings of $37.3 million, or 50 cents per share, compared to $20.9 million, or 29 cents per share, in the comparable prior year quarter. For its full fiscal year, sales were $1.44 billion, 25% higher than the $1.16 billion in the prior year.
Fourth quarter fiscal 2011 Industrial segment sales were $109 million, 27% higher than the prior year.
"Fourth quarter core revenue increased 10%, above the high-end of our expectations with strong growth in both Energy and Industrial," said Robert C. Arzbaecher, chairman and CEO.
