Actuant Corp. (NYSE: ATU), Milwaukee, WI, reported sales for the year ended August 31 of $1.3 billion, essentially flat to the prior year. Core sales declined 3 percent. Profit decreased 65.6 percent to $30 million.
Fourth-quarter sales were $327.3 million, an increase of 1.5 percent compared to the same period a year ago. Profit was $58.3 million, compared to a year-ago loss of $16.5 million.
Actuant completed the acquisition of Viking SeaTech in August, adding capabilities serving the deep water oil & gas market.