Actuant Corp., Milwaukee, WI, reported sales for its second quarter ended Feb. 29, 2008, were up 17% to $400 million, with 4% core sales growth.
Sales for the first half were $815 million, up 19%. Core sales increased 4%. Net earnings for the six months rose 13% to $49.7 million.
Second quarter fiscal 2008 Industrial segment sales increased 36% to $131 million. Industrial segment core sales grew 16% driven by continued strong global demand for joint integrity products and services for the oil &gas and power generation markets, as well as high-force hydraulic tools.
Electrical segment sales increased 6% to $131 million in the quarter. Core sales declined 6% reflecting weaker demand from DIY, marine and transformer customers.
Actuation …
