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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. 

Company Quote

24.6
-0.82 -3.23%
18 Sep 2019