Actuant Corp. Announces 97% Decline In Q4 Earnings

(RTTNews) - Actuant Corp. (ATU) revealed a profit for fourth quarter that fell from last year.

The company said its bottom line declined to $0.60 million, or $0.30 per share. This was lower than $22.08 million, or $0.37 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 8.2% to $275.77 million. This was down from $300.38 million last year.

Actuant Corp. earnings at a glance:

-Earnings (Q4): $0.60 Mln. vs. $22.08 Mln. last year. -Earnings Decline (Y-o-Y): -97.3% -EPS (Q4): $0.30 vs. $0.37 last year. -EPS Decline (Y-o-Y): -18.9% -Revenue (Q4): $275.77 Mln vs. $300.38 Mln last year. -Revenue Change (Y-o-Y): -8.2%

-Guidance: Full year EPS guidance: $1.00 - $1.20 Full year revenue guidance: $1.075 - $1.125 Bln