Actuant Reports Decline In 4q, Annual Sales, Profits

Actuant Corp. reported lower sales and profits for the fiscal fourth quarter and for the year on continued weak global demand. Actuant (NYSE: ATU), a Menomonee Falls-based manufacturer of branded hydraulic tools and motion control equipment, reported net income for the fiscal fourth quarter of $17.4 million, or 29 cents per share, down from $22.1 million, or 37 cents per share, for the comparable period the year before.

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