MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Actuant Sales Up 6% in Second Quarter

Actuant Corp. (NYSE: ATU), Milwaukee, WI, reported sales for the fiscal second quarter ended February 28 of $275 billion, a 6 percent increase over the same period a year ago. Core sales increased 3 percent year-over-year.

The company reported a loss of $18.2 million during the quarter, compared to a profit of $5.1 million in the same period a year ago. Fiscal second-quarter earnings included restructuring charges of $4.3 million, impairment and divestiture charges of $3 million, $8.4 million related to U.S. tax reform, and $1.4 million for equity compensation deferred tax adjustments, the company said.

Second-quarter industrial segment sales were $99.1 million, an 8 percent increase over the prior-year period. Energy segment sales declined 9 percent year-over-year to $66 million, and engineered solutions segment sales rose 17 percent to $110 million above the prior year.

 

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center