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Actuant Corp Raises FY 2014 Guidance; Issues Q1 2014 Guidance; Revenue Guidance Above Analysts' Estimates


Tuesday, 1 Oct 2013 08:00am EDT 

Actuant Corp announced that for fiscal 2014, it expects total sales of $1.41-1.45 billion, including approximately $100 million of Viking fiscal 2014 revenue. On a year-over-year basis, the higher sales coupled with operational initiatives and completed share repurchases should result in fiscal 2014 EPS of $2.00-2.10, an increase of 9-14% compared to fiscal 2013, excluding special items. For first quarter of 2014, it expects sales in the range of $325-335 million and EPS in the range of $0.43-0.46. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $1.36 billion and EPS of $2.04 for fiscal 2014; revenue of $321 million and EPS of $0.43 for first quarter of 2014 

Company Quote

30.31
0.56 +1.88%
4:01pm EDT