$ATU (Actuant Corporation)

$ATU {{ '2016-09-28T12:58:05+0000' | timeago}} • Announcement

$ATU now expects FY17 sales of $1.075-1.125Bil, reflecting core sales decline of 2-6%. $ATU sees EPS excluding restructuring charges of $1.00-1.20, reflecting lower sales and higher effective tax rate, offset by benefit of cost reduction actions. $ATU sees 1Q17 sales of $260-270MM on a 14-16% core sales decline and EPS of $0.14-0.19.

$ATU {{ '2017-07-14T21:19:08+0000' | timeago}} • Announcement

$ATU has approved a cash dividend on its common stock. The Board declared an annual dividend of $0.04 per common share payable on October 16, 2017 to shareholders of record on September 29, 2017.

$ATU {{ '2017-06-21T15:44:19+0000' | timeago}} • Webcast

Regarding capital deployment in the near term, $ATU stated that its top priority is to have its focus on strategic acquisitions. Additionally, the company will be looking at share buybacks and would deploy capital to improve businesses.

$ATU {{ '2017-06-21T15:39:25+0000' | timeago}} • Webcast

$ATU said that in the Industrial segment, it believes its growth of 5-7% will continue into 4Q17. In the Engineered Solutions business, the company is continuing to see good growth in order demand and expects a 10-12% increase in growth. However in Energy segment, $ATU is expecting to see 21-23% reduction in demand, down from the original guidance.

$ATU {{ '2017-06-21T15:34:14+0000' | timeago}} • Webcast

$ATU generated $30MM in free cash flow in 3Q17 on strong working capital management and used the cash to reduce debt. Additionally, the corresponding net-debt-to-EBITDA ratio declined from 2.9 to 2.8. In the general industrial and on-highway market, $ATU is seeing indication of retail demand pulling through products and strong China truck market.

$ATU {{ '2017-06-21T12:40:43+0000' | timeago}} • Announcement

$ATU expects FY17 sales within the range of $1.08-1.09Bil. Adjusted EPS is anticipated to be $0.82-0.87, down from $1.10-1.20, as lower energy maintenance volumes and unfavorable segment sales mix weigh on margins. Free cash flow is projected to be in the $65-70MM range, down from the previous range of $85-95MM.

$ATU {{ '2017-06-21T12:37:42+0000' | timeago}} • Announcement

In 3Q17, $ATU's Industrial segment sales grew 5% to $101MM, and Engineered Solutions segment sales increased 3% to $111MM. However, this was offset by an 18% decline in Energy segment sales to $83MM.

$ATU {{ '2017-06-21T12:33:48+0000' | timeago}} • Announcement

Diversified industrial company $ATU posted slightly higher net earnings in 3Q17, despite a 3% dip in YoY sales to $295.4MM. Net earnings edged up to $22.5MM, or $0.37 per share, from $21.1MM, or $0.36 per share a year ago. Adjusted for special items, EPS was $0.32 during this period.

$ATU {{ '2017-03-22T16:42:57+0000' | timeago}} • Webcast

$ATU's Industrials margins remained flat YoY in 2Q17, mainly due to strong heavy lifting and concrete tensioning product sales and new investments in growth. In Engineered Solutions, the company saw its first YoY core sales growth in nine quarters.

$ATU {{ '2017-03-22T12:35:13+0000' | timeago}} • Announcement

$ATU maintains its FY17 sales guidance in the range of $1.07-1.12Bil. The company has narrowed its adjusted EPS guidance to $1.10-1.20, from $1.10-1.30. The company anticipates its 3Q17 sales to be about $290-300MM with adjusted EPS to be about $0.38-0.43.

$ATU {{ '2017-03-22T12:32:40+0000' | timeago}} • Announcement

During 2Q17, $ATU's Industrial segment sales rose 13% to $92MM. Sales of Energy segment fell 15% YoY to $73MM. $ATU's sales in Engineered solutions segment during the quarter fell 2% YoY to $94MM.

$ATU {{ '2017-03-22T12:25:50+0000' | timeago}} • Announcement

Industrial products company $ATU reported 2Q17 net earnings of $5.1MM, or $0.08 per share, compared to net loss of $159.2MM, or $2.70 per share during 2Q16. This quarter earnings included restructuring charges of $2.1MM. Sales during the quarter fell 2% YoY to $259MM. Excluding items, $ATU earned $0.11 per share compared to $0.21 in 2Q16.

$ATU {{ '2017-02-28T19:50:54+0000' | timeago}} • Announcement

$ATU announced that the BoD has elected Richard Holder to its Board, effective immediately. Mr. Holder is President and CEO of NN, Inc.

$ATU {{ '2016-12-21T17:49:52+0000' | timeago}} • Webcast

Regarding the incremental growth for FY17, $ATU said a lot of projects are designed to drive growth and its objective is always to have enough of them that offset any market conditions. The company sees some improvement in its second tier brand and driving some things in Asia-Pacific market.

$ATU {{ '2016-12-21T17:39:37+0000' | timeago}} • Webcast

$ATU said it generated $8MM of free cash flow in 1Q17 and the net debt leverage was about 2.7 times, both of which were within the guidelines and expectations. The company expects free cash flow to be in the range of $85-95MM, combined with $175MM of cash and untapped $600MM revolver.

$ATU {{ '2016-12-21T17:32:57+0000' | timeago}} • Webcast

$ATU's sales declined 14% on a core basis and reflect lower year-over-year sales in all 3 segments, in line with the 14-16% forecasted core sales decline. On a core basis, Industrial segment was down 4%, Energy was down 31% and Engineered Solutions was down 5%.

$ATU {{ '2016-12-21T17:29:51+0000' | timeago}} • Webcast

$ATU achieved its commitments in sales and earnings, excluding restructuring and transition charges impact. The company saw the expected stabilization in easier comparisons in its Industrial and Engineered Solutions segment. The Energy segment had difficult year-over-year top line performance, given non-recurring hydro type projects in FY16.

$ATU {{ '2016-12-21T14:01:36+0000' | timeago}} • Announcement

$ATU reaffirmed its FY17 sales outlook of $1.075-1.125Bil, with core sales down 2-6%, and free cash flow estimate of $85-95MM. $ATU lifted FY17 adjusted EPS guidance to $1.10-1.30 from $1.00-1.20. For 2Q17, $ATU sees sales of $250-260MM and EPS of $0.08-0.13. The 2Q forecast incorporates normal seasonal slowdown across nearly all of its businesses.

$ATU {{ '2016-12-21T13:54:27+0000' | timeago}} • Announcement

Industrial products company $ATU reported a drop in 1Q17 earnings due to restructuring charges as well as director and officer transition charges. Net income fell to $4.97MM or $0.08 per share from $15.45MM or $0.26 per share last year. Net sales dropped to $265.79MM from $305.01MM. Adjusted EPS tumbled to $0.20 from $0.31.

$ATU {{ '2016-11-18T13:58:02+0000' | timeago}} • Announcement

$ATU appointed Rick Dillon as its CFO. He will join the company effective December 5, 2016 and will become CFO effective December 22, 2016. Mr. Dillon is currently serving as CFO of $CENX.

$ATU {{ '2016-09-28T16:04:09+0000' | timeago}} • Webcast

James Picariello of KeyBanc Capital Markets asks for an update on margins. CFO Andy Lampereur said $ATU expects margins to be up roughly in the 25-50 BPs next year and it will be back-end loaded. He added that the absorption will be low in 1H17. The company is going to see restructuring savings kicking in, in 2H17 midway through 3Q17.

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