Actuant Corp. Q1 Income Falls 35%

(RTTNews) - Actuant Corp. (ATU) released a profit for first quarter that lost ground from last year.

The company said its earnings came in at $12.04 million, or $0.20 per share. This was lower than $18.65 million, or $0.31 per share, in last year's first quarter.

The company said revenue for the quarter fell 12.9% to $265.79 million. This was down from $305.01 million last year.

Actuant Corp. earnings at a glance:

-Earnings (Q1): $12.04 Mln. vs. $18.65 Mln. last year. -Earnings Decline (Y-o-Y): -35.4% -EPS (Q1): $0.20 vs. $0.31 last year. -EPS Decline (Y-o-Y): -35.5% -Revenue (Q1): $265.79 Mln vs. $305.01 Mln last year. -Revenue Change (Y-o-Y): -12.9%

-Guidance: Full year EPS guidance: $1.10 - $1.30 Full year revenue guidance: $1.075 - $1.125 Bln