The 2020 Mid-Year Economic Update_long

Actuant Sales Down 4.7% in Fiscal 2017

Fourth quarter sales down slightly year-over-year.

Actuant Corp. (NYSE: ATU), Milwaukee, WI, reported sales for the fiscal year ended August 31 of $1.1 billion, a 4.7 percent decrease over the same period a year ago. Core sales decreased 4 percent for the year.

The company reported a loss for the year of $66.2 million, compared to a loss of $105.2 million a year ago.

Fourth quarter sales were $275.7 million, down 0.03 percent over the same period a year ago. The company reported a loss for the quarter of $98.8 million, compared to a profit of $17.4 million the previous year. Core sales were flat for the quarter.

Fourth quarter industrial segment sales were $100.3 million, up 6.7 percent from the previous year. The weaker US dollar created a 2 percent currency benefit, resulting in core sales growth of 5 percent.

Energy segment sales decreased 24.9 percent year-over-year to $68.6 million, with core sales down 25 percent. Engineered solutions segment sales increased 18.3 percent from the prior year to $106.8 million, with core sales up 20 percent.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.