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Actuant Corp (ATU.N)

ATU.N on New York Stock Exchange

21.95USD
21 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Actuant Corp says Sale By Co Of Its Engineered Components & Systems Segment Is Expected To Close In Fourth Calendar Quarter Of 2019
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Actuant Corp ::ACTUANT CORP - SALE BY CO OF ITS ENGINEERED COMPONENTS & SYSTEMS SEGMENT IS EXPECTED TO CLOSE IN FOURTH CALENDAR QUARTER OF 2019.ACTUANT CORP - CO AND BUYER WERE GRANTED CLEARANCE UNDER ACT AGAINST RESTRAINTS OF COMPETITION OF FEDERAL REPUBLIC OF GERMANY ON JULY 30, 2019.ACTUANT CORP - EARLY TERMINATION OF WAITING PERIOD UNDER HART-SCOTT-RODINO ANTITRUST IMPROVEMENTS ACT OF 1976, AS AMENDED, ON AUG 2, 2019.  Full Article

Actuant To Sell EC&S To One Rock Capital Partners For $214.5 Million
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Actuant Corp ::ACTUANT TAKES NEXT STEPS IN TRANSFORMATION INTO A LEADING GLOBAL INDUSTRIAL TOOLS AND SERVICES COMPANY.ACTUANT CORP - CONTINUES TO EXECUTE STRATEGIC PLAN TO BECOME PREMIER PURE PLAY INDUSTRIAL TOOLS & SERVICES COMPANY.ACTUANT CORP - CONTINUES TO EXECUTE STRATEGIC PLAN TO BECOME PREMIER PURE PLAY INDUSTRIAL TOOLS & SERVICES COMPANY.ACTUANT CORP - ENTERS INTO AGREEMENT TO SELL EC&S TO ONE ROCK CAPITAL PARTNERS.ACTUANT CORP - ENTERS INTO AGREEMENT TO SELL EC&S TO ONE ROCK CAPITAL PARTNERS.ACTUANT CORP - PROPOSED DEAL FOR $214.5 MILLION.ACTUANT CORP - DISCONTINUED OPERATIONS AND UPDATED Q4 2019 OUTLOOK FOR CONTINUING OPERATIONS.ACTUANT CORP - COMPANY IS MAINTAINING ITS OUTLOOK PROVIDED ON JUNE 26, 2019.ACTUANT - WILL BEGIN REPORTING RESULTS OF EC&S SEGMENT (OTHER THAN CORTLAND U.S. BUSINESS) AS DISCONTINUED OPERATIONS BEGINNING WITH FISCAL Q4 2019.ACTUANT CORP SEES FY SALES: $664 TO $669 MILLION, WITH ANNUAL CORE SALES GROWTH BETWEEN 4% AND 8%.ACTUANT CORP SEES Q4 SALES $167 MILLION TO $173 MILLION.ACTUANT CORP - SEES FY ADJUSTED EPS OF BETWEEN $0.71 AND $0.75.ACTUANT CORP - SEES FY ADJUSTED EBITDA OF $99 TO $102 MILLION.ACTUANT CORP - COMPANY ENTERED INTO A SECURITIES PURCHASE AGREEMENT WITH AN AFFILIATE OF ONE ROCK CAPITAL PARTNERS, LLC.ACTUANT CORP - AFFILIATE OF ONE ROCK WILL ACQUIRE ENGINEERED COMPONENTS & SYSTEMS SEGMENT.ACTUANT CORP - ANTICIPATES RECORDING A NON-CASH IMPAIRMENT & DIVESTITURE CHARGE OF APPROXIMATELY $300 MILLION IN Q4 OF FISCAL 2019.  Full Article

Actuant Q2 Adjusted Earnings Per Share $0.19
Thursday, 21 Mar 2019 

March 21 (Reuters) - Actuant Corp ::ACTUANT REPORTS SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.19.Q2 GAAP EARNINGS PER SHARE $0.04.Q2 SALES $272 MILLION VERSUS REFINITIV IBES ESTIMATE OF $273.8 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.18 -- REFINITIV IBES DATA.SEES Q3 SALES $295 MILLION TO $305 MILLION.INITIATING A RESTRUCTURING PROGRAM.EXPECT TO ACHIEVE $12-$15 MILLION OF ANNUAL SAVINGS.ANTICIPATE COMPLETING RESTRUCTURING PROGRAM ACTIONS WITHIN 18-24 MONTHS.ONE-TIME TOTAL COST OF THESE ACTIONS IS PROJECTED TO BE $15-$20 MILLION.REAFFIRMS OUTLOOK FOR FISCAL YEAR 2019.SEES Q3 ADJUSTED EPS $0.40 TO $0.45.  Full Article

Actuant Reports Q1 Adj Earnings Per Share Of $0.27
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Actuant Corp ::ACTUANT REPORTS FIRST QUARTER 2019 RESULTS; UPDATES FULL YEAR 2019 OUTLOOK.Q1 ADJUSTED EARNINGS PER SHARE $0.27.Q1 SALES $293 MILLION VERSUS REFINITIV IBES ESTIMATE OF $299.7 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.24 -- REFINITIV IBES DATA.Q1 LOSS PER SHARE $0.29.SEES Q2 SALES $268 MILLION TO $278 MILLION.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $1.09 TO $1.20.SEES Q2 ADJUSTED EARNINGS PER SHARE $0.15 TO $0.20.FISCAL 2019 Q1 EARNINGS INCLUDED IMPAIRMENT & DIVESTITURE AND OTHER CHARGES OF $36.5 MILLION.SEES FY 2019 SALES $1.15 BILLION TO $1.19 BILLION.  Full Article

Actuant Q2 Shr Loss $0.30
Wednesday, 21 Mar 2018 

March 21 (Reuters) - Actuant Corp ::ACTUANT REPORTS SECOND QUARTER RESULTS; ADJUSTS FISCAL 2018 GUIDANCE.SEES Q3 ADJUSTED EARNINGS PER SHARE $0.33 TO $0.38.Q2 ADJUSTED EARNINGS PER SHARE $0.13 EXCLUDING ITEMS.Q2 GAAP LOSS PER SHARE $0.30.SEES Q3 SALES $300 MILLION TO $310 MILLION.Q2 SALES $275 MILLION VERSUS I/B/E/S VIEW $267.5 MILLION.Q2 EARNINGS PER SHARE VIEW $0.15 -- THOMSON REUTERS I/B/E/S.SEES FY ADJUSTED EARNINGS PER SHARE $1.00 TO $1.10.SEES FY SALES $1.14 BILLION TO $1.16 BILLION.FREE CASH FLOW IS NOW EXPECTED TO BE IN $70-$75 MILLION RANGE FOR FY.Q3 EARNINGS PER SHARE VIEW $0.39, REVENUE VIEW $301.0 MILLION -- THOMSON REUTERS I/B/E/S.FY EARNINGS PER SHARE VIEW $1.05, REVENUE VIEW $1.13 BILLION -- THOMSON REUTERS I/B/E/S.RECOGNIZED NET PROVISIONAL ONE-TIME ADJUSTMENT TO INCOME TAX EXPENSE OF $0.14PER SHARE RELATED TO U.S. TAX REFORM DURING QUARTER.  Full Article

Southeastern Asset Management Reports A 9.8 Pct Stake In Actuant Corp
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Actuant Corp ::SOUTHEASTERN ASSET MANAGEMENT INC REPORTS A 9.8 PERCENT STAKE IN ACTUANT CORP AS OF FEB 15 - SEC FILING.  Full Article

Actuant Reports Q1 GAAP Earnings Per Share $0.09
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Actuant Corp ::ACTUANT REPORTS FIRST QUARTER RESULTS; REAFFIRMS FISCAL 2018 GUIDANCE.SEES Q2 ADJUSTED EARNINGS PER SHARE $0.10 TO $0.15.Q1 ADJUSTED EARNINGS PER SHARE $0.19 EXCLUDING ITEMS.Q1 GAAP EARNINGS PER SHARE $0.09.SEES Q2 SALES $265 MILLION TO $275 MILLION.Q1 SALES $289 MILLION VERSUS I/B/E/S VIEW $268.3 MILLION.Q1 EARNINGS PER SHARE VIEW $0.17 -- THOMSON REUTERS I/B/E/S.REAFFIRMS FY 2018 ADJUSTED EARNINGS PER SHARE VIEW $1.05 TO $1.15 EXCLUDING ITEMS.SEES FY 2018 SALES $1.1 BILLION TO $1.13 BILLION."Q2 OUTLOOK INCORPORATES NORMAL SEASONAL SLOWDOWN EXPERIENCED ACROSS NEARLY ALL OF OUR BUSINESSES".  Full Article

Actuant Q4 sales $276 million versus I/B/E/S view $265.3 million
Wednesday, 27 Sep 2017 

Sept 27 (Reuters) - Actuant Corp :Actuant reports fourth quarter and full year fiscal 2017 results; provides fiscal 2018 guidance.Q4 adjusted earnings per share $0.19 excluding items.Q4 GAAP loss per share $1.65.Sees FY 2018 sales $1.1 billion to $1.13 billion.Q4 sales $276 million versus I/B/E/S view $265.3 million.Sees FY 2018 adjusted earnings per share $1.05 to $1.15.Q4 earnings per share view $0.22 -- Thomson Reuters I/B/E/S.Actuant corp - Full year free cash flow is expected to be in range of $85-95 million.FY2018 earnings per share view $1.07, revenue view $1.11 billion -- Thomson Reuters I/B/E/S.Actuant corp - Q1 guidance, which includes Viking sales and operating losses for entire fiscal quarter, incorporates sales in $260-270 million range.Sees Q1 earnings per share $0.14 to $0.19 excluding items.Q1 earnings per share view $0.21, revenue view $268.0 million -- Thomson Reuters I/B/E/S.  Full Article

CORRECTED-(OFFICIAL)-BRIEF-Actuant To Sell EC&S To One Rock Capital Partners For $214.5 Million (July 9)

* ACTUANT TAKES NEXT STEPS IN TRANSFORMATION INTO A LEADING GLOBAL INDUSTRIAL TOOLS AND SERVICES COMPANY