Actuant Reports Q2 EPS of $0.30 vs. $0.30

Actuant Corporation ATU today announced results for its second quarter ended February 28, 2011.

Consolidated sales for the second quarter were $331 million, 24% higher than the comparable prior year quarter. Core sales increased 13% with acquisitions contributing an additional 11% growth. Earnings and EPS from continuing operations in the fiscal 2011 second quarter were $22.1 million and $0.30, respectively, compared to $7.9 million and $0.11 in the comparable prior year quarter.

Results for the second quarter of fiscal 2010 included pre-tax restructuring costs of $10.0 million, or $0.10 per diluted share. Excluding this item, fiscal 2011 second quarter EPS from continuing operations of $0.30 was 43% higher than the $0.21 in the prior year.