Actuant Corporation, Milwaukee, WI, reported fiscal 2007 sales increased 21% from the prior year to $1.46 billion, with net earnings at $105 million. Fourth-quarter sales were up 20% to $390 million.
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Organic growth was 6% for both the fourth quarter and the full year. Actuant acquired five businesses during the fiscal year and completed a sixth in September.
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Fourth quarter net earnings were $31.4 million, compared to prior year net earnings of $25.2 million.
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Fourth quarter Industrial segment sales increased 23% to $120 million. Excluding currency translation and acquisitions, Industrial segment sales grew 13% driven by continued strong global demand in both the joint integrity and high-force hydraulic tool product lines.
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Fourth …
Actuant Sales Up 21% in 2007
Actuant Corporation, Milwaukee, WI, reported fiscal 2007 sales increased 21% from the prior year to $1.46 billion, with net earnings at $105 million. Fourth-quarter sales were up 20% to $390 million.
  ;
Organic growth was 6% for both the fourth quarter and the full year. Actuant acquired five businesses during the fiscal year and completed a sixth in September.
  ;
Fourth quarter net earnings were $31.4 million, compared to prior year net earnings of $25.2 million.
  ;
Fourth quarter Industrial segment sales increased 23% to $120 million. Excluding currency translation and acquisitions, Industrial segment sales grew 13% driven by continued strong global demand in both the joint integrity and high-force hydraulic tool product lines.
  ;
Fourth …
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