Key Developments: Actuant Corp (ATU)

ATU on New York Consolidated

34.29USD
22 Aug 2014
Price Change (% chg)

$0.18 (+0.53%)
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Latest Key Developments (Source: Significant Developments)

Actuant Corp declares annual dividend
Wednesday, 13 Aug 2014 05:00pm EDT 

Actuant Corp:Declared an annual dividend of $0.04 per common share payable on Oct. 15 to shareholders of record at close of business on Sept. 30.  Full Article

Actuant Corp broadens FY 2014 sales outlook, lowers EPS outlook
Wednesday, 18 Jun 2014 08:00am EDT 

Actuant Corp:Expect to deliver FY 2014 sales of about $1.4 billion.FY 2014 EPS of $1.92-1.97.This revised guidance also takes into account continued unfavorable segment sales mix, accelerated cost reduction and restructuring activities, and a $0.07 per share benefit from the third quarter tax planning.FY 2014 revenue of $1.4 bln, EPS of $1.99 - Thomson Reuters I/B/E/S.  Full Article

Actuant Corp divests recreational vehicle business
Monday, 16 Jun 2014 08:45am EDT 

Actuant Corp:Says it has completed the sale of its Recreational Vehicle (RV) business to Drew Industries.Total cash proceeds about $35 mln and the Company expects to record an aggregate net gain on the divestiture.Additional details will be provided on the Company's third quarter earnings call scheduled for June 18.  Full Article

Actuant Corp reaffirms FY 2014 revenue outlook; Sees FY 2014 EPS at lower end of prior range; gives Q3 2014 outlook below analysts' estimates
Wednesday, 19 Mar 2014 08:00am EDT 

Actuant Corp:Maintains FY 2014 core sales growth of 3-5 pct and revenue of $1.410-$1.450 bln.Expects FY 2014 EPS to be at the lower end of $2.00-2.10 forecast based on current visibility.Expects Q3 2014 sales to be in the $370-380 mln range.Expects Q3 2014 EPS of $0.60-0.65.FY 2014 revenue of $1.423 bln, EPS of $2.02 - Thomson Reuters I/B/E/S.Q3 2014 revenue of $386 mln, EPS of $0.69 - Thomson Reuters I/B/E/S.  Full Article

Actuant Corp reaffirms FY 2014 guidance
Thursday, 19 Dec 2013 08:00am EST 

Actuant Corp:Reaffirms FY 2014 sales and EPS guidance.Sees FY 2014 sales to be about $1.41-1.45 billion, with core sales growth of 3-5 pct for the year.EPS is expected to be in the range of $2.00-2.10.FY 2014 net income of $1.42 billion, EPS of $2.17 - Thomson Reuters I/B/E/S Estimates.  Full Article

Actuant Corp completes sale of electrical segment
Friday, 13 Dec 2013 04:00pm EST 

Actuant Corp:Completes of its Electrical Segment to Sentinel Capital Partners for $258 million in cash, subject to working capital and other post-closing adjustments.  Full Article

Actuant Corp Reaches Definitive Agreement to Sell Electrical
Thursday, 31 Oct 2013 09:00am EDT 

Actuant Corporation announced that it has reached a definitive agreement to sell its Electrical Segment to Sentinel Capital Partners for $258 million in cash, subject to working capital and other closing adjustments. The transaction is expected to be completed within 45 days, subject to customary closing conditions.  Full Article

Actuant Corp, Columbus McKinnon Corp, KKR & Co LP, Warburg Pincus LLC And Others Are Among The Bidders For Melrose Industries Plc's Crosby Group LLC-Reuters
Wednesday, 2 Oct 2013 06:52pm EDT 

Reuters reported that Actuant Corp and Columbus McKinnon Corp are among the bidders for Crosby Group LLC, a lifting equipment company that is valued at around $1 billion. Crosby, a unit of British engineering firm Melrose Industries Plc, has also attracted private equity offers, including from KKR & Co LP, Warburg Pincus LLC, TPG Capital LP and CCMP Capital LP. The management of Tulsa, Oklahoma-based Crosby has already met with potential buyers and the company will soon seek final bids, details of the sale process are confidential.  Full Article

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  Full Article

Actuant Corp Completes Acquisition of Viking SeaTech
Tuesday, 27 Aug 2013 04:30pm EDT 

Actuant Corp announced the completion of its acquisition of Viking SeaTech (Viking). Total consideration for the previously announced transaction was GBP150 million (approximately $225 million) which was funded from the Company`s cash and revolving credit facility.  Full Article

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