The 2020 Mid-Year Economic Update_long

Actuant’s Sales Up 9%

Fourth-quarter sales of $301 million reflect strength in companys industrial and energy segments.

Actuant Corp. (NYSE: ATU), Milwaukee, WI, reported fiscal fourth-quarter sales of $301 million, a 9 percent increase compared with the year-ago period. The company reported a net loss of $37.8 million, compared with a net loss of $98.8 million a year ago.

Actuant executives pointed to strong double-digit growth in its Industrial and Energy segments and solid growth in its Engineered Solutions segment in the fourth quarter.

Sales for the full year ended August 31, 2018, were $1.2 billion, compared with $1.1 billion a year ago. The company reported a net loss of  $21.6 million for the year, compared with a loss of $66.2 million a year ago.

 

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