ACTUANT CORPORATION (NYSE:ATU) Files An 8-K Results of Operations and Financial Condition

ACTUANT CORPORATION (NYSE:ATU) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.

The information set forth in this Item 2.02 of this Current Report on Form 8-K and in Exhibit 99.1 is intended to be “furnished” under Item 2.02 of Form 8-K. Such information shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
On September 26, 2019, Actuant Corporation, which has adopted the business name “Enerpac Tool Group” pending approval of a change in its legal corporate name (the “Company”), announced its results of operations for the fourth quarter ended August 31, 2019. A copy of the press release announcing the Company\’s results for the fourth quarter ended August 31, 2019 is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release of the Company dated September 26, 2019.

ACTUANT CORP Exhibit
EX-99.1 2 a52101117ex99_1.htm EXHIBIT 99.1    Exhibit 99.1 Enerpac Tool Group Reports Fourth Quarter 2019 Results Fourth Quarter 2019 Highlights* Net sales from continuing operations were $158 million for the quarter.  Core sales decreased 3% on a year-over-year basis resulting from planned strategic exits as well as softening in certain markets and geographies.  Foreign currency decreased net sales an additional 2%. GAAP operating margin from continuing operations was 5.1% for the quarter versus 11.7% in the fourth quarter 2018.  Adjusted operating margin from continuing operations was flat year-over-year at 12.1%. Adjusted EBITDA margin from continuing operations was 14.8% in the fourth quarter of 2019 compared to 15.3% in the comparable prior year period. GAAP diluted earnings (loss) per share (“EPS”) from continuing operations was ($0.01) in the fourth quarter of fiscal 2019,…
To view the full exhibit click here

Story continues below

About ACTUANT CORPORATION (NYSE:ATU)

Actuant Corporation designs, manufactures and distributes a range of industrial products and systems to various end markets. The Company operates through three segments: Industrial, Energy and Engineered Solutions. The Company’s Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets. The Company’s Energy segment provides joint integrity products and services, customized offshore vessel mooring solutions, as well as rope and cable solutions to the global oil and gas, power generation and other energy markets. The Company’s Engineered Solutions segment provides engineered position and motion control systems to original equipment manufacturers (OEM) in various on and off-highway vehicle markets, as well as various other products to the industrial and agricultural markets.

An ad to help with our costs