Actuant Corporation Earnings Cheat Sheet: Swing to a Profit, Beating Estimates

Actuant Corporation (NYSE:ATU) reported its results for the fourth quarter. Actuant is a global manufacturer and marketer of a range of industrial products and systems. The company is organized into four operating and reportable segments as follows: Industrial, Energy, Electrical, and Engineered Solutions.

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Actuant Earnings Cheat Sheet for the Fourth Quarter

Results: Reported a profit of $41.4 million (55 cents per diluted share) in the quarter. Actuant Corporation had a net loss of $16.8 million or a loss 22 cents per share in the year earlier quarter.

Revenue: Rose 78.1% to $403.4 million from the year earlier quarter.

Actual vs. Wall St. Expectations: ATU beat the mean analyst estimate of 46 cents per share. It beat the average revenue estimate of $394.9 million.

Quoting Management: Robert C. Arzbaecher, Chairman and CEO of Actuant commented, “Actuant’s strong fourth quarter performance reflects terrific execution and continued momentum in our key end markets. In particular, we were pleased to see consolidated double-digit core sales growth for the sixth straight quarter despite tougher comparables. Fourth quarter core revenue increased 10%, above the high-end of our expectations with strong growth in both Energy and Industrial. The higher volumes, along with continued margin improvement, drove the robust 61% EPS growth. Free cash flow also exceeded our forecast due to higher earnings and effective working capital management.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 17.4% to $392.8 million in the third quarter. The figure rose 12.4% in the second quarter from the year earlier and climbed 4.3% in the first quarter from the year-ago quarter.

The company has now beaten estimates the last two quarters. In the third quarter, it topped expectations with net income of 51 cents versus a mean estimate of net income of 46 cents per share.

Competitors to Watch: Parker-Hannifin Corp. (NYSE:PH), Crane Co. (NYSE:CR), Omega Flex, Inc. (NASDAQ:OFLX), Sun Hydraulics Corporation (NASDAQ:SNHY), Danaher Corporation (NYSE:DHR), Caterpillar (NYSE:CAT), and General Electric (NYSE:GE).

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(Source: Xignite Financials)