Free Research Report as Actuant’s Diluted EPS Grew 12.5%; Revenues Advanced 8.71%

LONDON, UK / ACCESSWIRE / January 12, 2018 / Active-Investors.com has just released a free earnings report on Actuant Corp. (NYSE: ATU). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ATU. Actuant posted its first quarter fiscal 2018 (Q1 FY18) financial results on December 20, 2017. The leading industrial products manufacturers saw revenue and earnings surpassed market expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Actuant most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ATU

Earnings Highlights and Summary

During the first quarter of the fiscal year 2018, Actuant posted net sales of $288.96 million compared to $265.79 million in Q1 FY17, reflecting an increase of 8.71%. The Company's core sales (total sales excluding the impact of acquisitions, divestitures and foreign currency rate changes) increased 6.00% on a y-o-y basis. Actuant's sales growth was primarily backed by the robust on and off highway equipment demand and strong industrial volumes. The Company's revenue numbers beat analysts' estimates of $269.00 million.

Actuant's gross profit was $100.91 million in Q1 FY18 compared to $93.07 million in Q1 FY17, increasing 8.43% on a y-o-y basis. The Company's selling, general, and administrative expenses (SG&A) amounted to $74.48 million in the reported quarter compared to $68.60 million in the year ago same period, increasing 8.57% on a y-o-y basis. The Company's operating profit was $14.67 million in Q1 FY18 compared to $8.47 million in Q1 FY17, advancing 73.21% on a y-o-y basis..

Actuant's net income was $5.23 million in the reported quarter compared to $4.97 million in Q1 FY17, increasing 6.29% on a y-o-y basis. The Company's earnings per share (EPS) were $0.09 in Q1 FY18 compared to $0.08 in the first quarter of the previous fiscal year, increasing 12.5% on a y-o-y basis. Adjusted earnings of the Company were $0.19 in the reported quarter compared to $0.20 in Q1 FY17, reflecting a decrease of 5.00% on a y-o-y basis. Unfavorable mix and higher warranty and other one-time costs contributed to the lower than expected margin flow. Despite these items, and a modestly higher quarterly effective income tax rate, the adjusted earnings still beat analysts' estimates of $0.18.

Segment Details

Actuant has three business segments, namely: (i) Industrial, (ii) Energy, and (iii) Engineered Solutions.

The Industrial segment reported net sales of $96.92 million in Q1 FY18 compared to $87.29 million in Q1 FY17, reflecting growth of 11.03% compared to the year ago same period. Growth was attributed to overall demand for standard industrial tools. The segment's operating income was $19.48 million in Q1 FY18, compared to $19.49 million in Q1 FY17, decreasing 0.05% on a y-o-y basis.

The Energy segment posted net sales of $75.84 million in Q1 FY18 compared to $84.65 million in Q1 FY17, decreasing 10.40 % on a y-o-y basis. The decrease was in-line with expectations due to the continuation of maintenance deferrals and scope reductions, mostly in the Asia/Pacific region. The segment's operating income was $1.22 million in Q1 FY18 compared to $3.33 million in Q1 FY17, declining 63.22% on a y-o-y basis.

The Engineered Solutions segment's net sales advanced 23.80% to $116.20 million on a y-o-y basis in the reported quarter compared to $93.86 million in Q1 FY17. The robust sales growth was seen across virtually every end-market including heavy-duty truck, and various other off-highway categories. The segment's operating income was $6.62 million in Q1 FY18 compared to $2.83 million in Q1 FY17, surging 133.52% on a y-o-y basis. Growth came in on the back of higher volumes and cost reduction efforts.

Cash Matters

As on November 30, 2017, Actuant had cash and cash equivalents of $165.05 million compared to $176.87 million as on November 30, 2016. The Company's cash outflow from operating activities was $20.46 million in the reported quarter compared to a cash inflow of $1.46 million in Q1 FY17. On December 01, 2017, the Company completed the previously announced divesture of the Viking Seatech, an offshore mooring business to Acteon Group, and simultaneously acquired Mirage Machines from Acteon on the same day.

Outlook

For the second quarter of the fiscal year 2018, the Company is expecting sales to be in the range of $265.00 million to $275.00 million, and adjusted EPS to be in the band of $0.10 to $0.15. For the fiscal year 2018, Actuant is anticipating sales to be in the range of $1.10 billion to $1.13 billion, with core sales to grow by 1.00% to 3.00%. Adjusted EPS is expected to be in the band of $1.05 to $1.15. The Company's free cash flow is projected to be in the range of $85.00 million to $95.00 million.

Stock Performance Snapshot

January 11, 2018 - At Thursday's closing bell, Actuant's stock rose 2.61%, ending the trading session at $25.60.

Volume traded for the day: 296.53 thousand shares.

Stock performance in the last six-month period– up 4.92%; and year-to-date – up 1.19%

After yesterday's close, Actuant's market cap was at $1.53 billion.

The stock has a dividend yield of 0.16%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry. This sector was up 1.2% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors