Actuant Announces Fourth Quarter EPS Above Consensus Estimates, Fiscal Year Debt Reduction of $105 Million.
Business Wire › October 04, 2001
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Actuant Announces Fourth Quarter EPS Above Consensus Estimates, Fiscal Year Debt Reduction of $105 Million.
Business Editors
MILWAUKEE--(BUSINESS WIRE)--Oct. 4, 2001 Actuant Corporation (NYSE:ATU), announced today results for its fourth quarter and fiscal year ended August 31, 2001. Sales for the fourth quarter and fiscal year totaled $120.5 million and $481.9 million, respectively, compared to prior year sales of $138.3 million and $681.4 million, respectively. These sales totals include results from businesses that were either sold or discontinued during the last two years, including Barry Controls, Air Cargo Equipment, Norelem, Mox-Med and Enerpac's Toolholding units (collectively the "non-continuing businesses"). Excluding the non-continuing businesses, fourth quarter sales were $116.3 million, a 1% increase from the prior year, while comparable fiscal year sales were $461.0 million, 8% lower than the prior year. (See the attached supplemental u...See the full content of this document
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