Actuant sales up 8%
Actuant Corporation said sales for the second quarter were $378 million, 14% higher than the comparable prior year quarter.
Core sales increased 8% with acquisitions contributing 7% partially offset by a negative 1% impact of the stronger U.S. dollar. Fiscal 2012 second quarter net earnings from continuing operations were $32.2 million, or 43 cents per share, compared to $22.1 million, or 30 cents per share, in the comparable prior year quarter.
Second quarter fiscal 2012 Industrial segment sales were $98 million, 11% higher than the prior year. The increase was driven by continued strong industrial demand across served end markets and geographies.
Electrical segment sales were $77 million, 10% higher than the comparable prior year quarter. The growth was broad based and reflected higher volumes in the industrial, utility, retail and marine aftermarket channels.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
