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.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GME Supply. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Howard Coleman, as well as interviews with numerous product and distribution industry experts.
