Actuant Reports First Quarter EPS of $.36

Actuant Corporation ATU today announced results for its first quarter ended November 30, 2010.

Highlights

• 71% year-over-year increase in diluted earnings per share from continuing operations (“EPS”) to $0.36 
• Core revenue growth of 14%. All four segments reported core sales growth, including the Energy segment at 4%.
• Year-over-year operating profit margin expansion of 230 basis points, excluding prior year restructuring costs.
• Completed the previously announced Mastervolt acquisition after quarter-end, repositioning the Electrical segment to higher growth and product technology.
• Increased full year guidance to reflect strong Q1 results, favorable trends, a lower effective tax rate and the Mastervolt acquisition.