Actuant Corporation 4Q sales up 8%
Actuant Corporation reported sales for the fourth quarter were $354 million, 8% higher than the $327 million in the comparable prior year quarter.
The manufacturer of hydraulic tools and motion control products said core sales declined 1% while acquisitions added 7% and foreign currency translation contributed 2% to total sales growth. Fiscal 2014 fourth quarter net earnings and EPS from continuing operations were $35.6 million, or 51 cents per share, compared to $45.1 million, or 60 cents, in the comparable prior year quarter.
Sales for the full year were $1.4 billion, 9% higher than the prior year. Earnings for the year were $141.5 million, or $1.95 per diluted share, compared to $147.6 million, or $1.98 per diluted share for the comparable prior year period.
“Our performance in fiscal 2014 was impacted by weak global economic conditions, however, we are successfully positioning the company for future scalable and profitable growth,” said chief executive officer Mark E. Goldstein.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
