MILWAUKEE--(BUSINESS WIRE)--
As previously announced, Actuant Corporation (the “Company”) has
realigned its financial reporting segments. The change is effective for
the Company’s fourth quarter of 2018. The realignment reflects changes
in the operating structure of the Company with the combination of the
Company’s tools and services business and all OEM-related businesses
into two operating segments: Industrial Tools & Services (“IT&S”) and
Engineered Components & Systems (“EC&S”), respectively.
The IT&S segment results from the consolidation of the former Industrial
segment, excluding the Precision-Hayes business, with the Hydratight and
Mirage businesses from the former Energy segment. The new segment
concentrates on product sales and service as well as rental
capabilities. Executive Vice President Jeff Schmaling will lead the
segment.
The EC&S segment is comprised of the former Engineered Solutions segment
and now includes the Precision-Hayes business and the former Energy
segment businesses, Cortland and Viking (which was divested in the
second quarter of Fiscal 2018). The segment is focused on highly
engineered components for transportation, agricultural, construction and
other vertical markets and will be led by Executive Vice President,
Roger Roundhouse.
In addition, the Company’s reportable product lines are being
reorganized into the following structure: IT&S product lines - Product
and Service & Rental; and EC&S product lines - On-Highway; Agriculture,
Off-Highway and Other; Rope & Cable Solutions; Concrete Tensioning; and
Off-Shore Mooring (divested in connection with the sale of the Viking
business). The product line reporting change is also effective for the
Company’s fourth quarter of 2018.
For comparative purposes, the Company has included as an attachment to
this release certain unaudited historical financial results for both the
new and prior segment and product line reporting. The updated segment
presentation will be reflected in the Company’s forthcoming Annual
Report on Form 10-K. The segment and product line reorganizations do not
impact the Company’s audited consolidated financial statements.
About Actuant Corporation
Actuant Corporation is a diversified industrial company serving
customers from operations in more than 30 countries. The Actuant
businesses are leaders in a broad array of niche markets including
branded hydraulic tools and solutions; specialized products and services
for energy markets and highly engineered position and motion control
systems. The Company was founded in 1910 and is headquartered in
Menomonee Falls, Wisconsin. Actuant trades on the NYSE under the symbol
ATU. For further information on Actuant and its businesses, visit the
Company's website at www.actuant.com.
(tables follow)
|
ACTUANT CORPORATION
|
|
SUPPLEMENTAL UNAUDITED DATA
|
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RESULTS BY REPORTING SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW REPORTING STRUCTURE
|
|
FORMER REPORTING STRUCTURE
|
|
|
|
|
|
FISCAL
|
|
FISCAL
|
|
FISCAL
|
|
|
|
|
|
FISCAL
|
|
FISCAL
|
|
FISCAL
|
|
|
|
|
|
2016
|
|
2017
|
|
2018
|
|
|
|
|
|
2016
|
|
2017
|
|
2018
|
|
SALES
|
|
|
|
|
|
|
|
SALES
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
588,207
|
|
|
$
|
552,582
|
|
|
$
|
591,085
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
359,817
|
|
|
$
|
379,755
|
|
|
$
|
415,897
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
561,203
|
|
|
|
543,202
|
|
|
|
591,526
|
|
|
|
ENERGY SEGMENT
|
|
|
392,731
|
|
|
|
309,594
|
|
|
|
303,144
|
|
|
|
|
TOTAL
|
|
$
|
1,149,410
|
|
|
$
|
1,095,784
|
|
|
$
|
1,182,611
|
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
396,862
|
|
|
|
406,435
|
|
|
|
463,570
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
$
|
1,149,410
|
|
|
$
|
1,095,784
|
|
|
$
|
1,182,611
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
123,809
|
|
|
$
|
98,377
|
|
|
$
|
103,718
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
82,929
|
|
|
$
|
86,623
|
|
|
$
|
90,396
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
11,173
|
|
|
|
8,501
|
|
|
|
24,787
|
|
|
|
ENERGY SEGMENT
|
|
|
38,851
|
|
|
|
(99
|
)
|
|
|
12,340
|
|
|
|
CORPORATE / GENERAL
|
|
|
(29,025
|
)
|
|
|
(25,123
|
)
|
|
|
(24,404
|
)
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
13,187
|
|
|
|
20,359
|
|
|
|
25,698
|
|
|
|
|
ADJUSTED OPERATING PROFIT
|
|
$
|
105,957
|
|
|
$
|
81,755
|
|
|
$
|
104,101
|
|
|
|
CORPORATE / GENERAL
|
|
|
(29,010
|
)
|
|
|
(25,128
|
)
|
|
|
(24,333
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
(186,511
|
)
|
|
|
(116,979
|
)
|
|
|
(73,058
|
)
|
|
|
|
ADJUSTED OPERATING PROFIT
|
|
$
|
105,957
|
|
|
$
|
81,755
|
|
|
$
|
104,101
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(14,571
|
)
|
|
|
(7,228
|
)
|
|
|
(12,845
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
(186,511
|
)
|
|
|
(116,979
|
)
|
|
|
(73,058
|
)
|
|
|
LOSS ON SALE OF PRODUCT LINE DIVESTITURE
|
|
|
(5,092
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(14,571
|
)
|
|
|
(7,228
|
)
|
|
|
(12,845
|
)
|
|
|
DIRECTOR & OFFICER TRANSITION CHARGES
|
|
|
-
|
|
|
|
(7,784
|
)
|
|
|
-
|
|
|
|
LOSS ON SALE OF PRODUCT LINE DIVESTITURE
|
|
|
(5,092
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
$
|
(100,217
|
)
|
|
$
|
(50,236
|
)
|
|
$
|
18,198
|
|
|
|
DIRECTOR & OFFICER TRANSITION CHARGES
|
|
|
-
|
|
|
|
(7,784
|
)
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
$
|
(100,217
|
)
|
|
$
|
(50,236
|
)
|
|
$
|
18,198
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
21.0
|
%
|
|
|
17.8
|
%
|
|
|
17.5
|
%
|
|
|
INDUSTRIAL SEGMENT
|
|
|
23.0
|
%
|
|
|
22.8
|
%
|
|
|
21.7
|
%
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
2.0
|
%
|
|
|
1.6
|
%
|
|
|
4.2
|
%
|
|
|
ENERGY SEGMENT
|
|
|
9.9
|
%
|
|
|
0.0
|
%
|
|
|
4.1
|
%
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
9.2
|
%
|
|
|
7.5
|
%
|
|
|
8.8
|
%
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
3.3
|
%
|
|
|
5.0
|
%
|
|
|
5.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
9.2
|
%
|
|
|
7.5
|
%
|
|
|
8.8
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
|
|
|
|
|
EBITDA
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
137,923
|
|
|
$
|
111,097
|
|
|
$
|
119,318
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
90,858
|
|
|
$
|
93,707
|
|
|
$
|
98,371
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
42,092
|
|
|
|
34,911
|
|
|
|
48,478
|
|
|
|
ENERGY SEGMENT
|
|
|
59,852
|
|
|
|
16,826
|
|
|
|
28,938
|
|
|
|
CORPORATE / GENERAL
|
|
|
(27,640
|
)
|
|
|
(23,896
|
)
|
|
|
(22,366
|
)
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
29,154
|
|
|
|
34,807
|
|
|
|
40,619
|
|
|
|
|
ADJUSTED EBITDA
|
|
$
|
152,375
|
|
|
$
|
122,112
|
|
|
$
|
145,430
|
|
|
|
CORPORATE / GENERAL
|
|
|
(27,489
|
)
|
|
|
(23,228
|
)
|
|
|
(22,498
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
(186,511
|
)
|
|
|
(116,979
|
)
|
|
|
(73,058
|
)
|
|
|
|
ADJUSTED EBITDA
|
|
$
|
152,375
|
|
|
$
|
122,112
|
|
|
$
|
145,430
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(14,571
|
)
|
|
|
(7,228
|
)
|
|
|
(12,845
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
(186,511
|
)
|
|
|
(116,979
|
)
|
|
|
(73,058
|
)
|
|
|
LOSS ON SALE OF PRODUCT LINE DIVESTITURE
|
|
|
(5,092
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(14,571
|
)
|
|
|
(7,228
|
)
|
|
|
(12,845
|
)
|
|
|
DIRECTOR & OFFICER TRANSITION CHARGES
|
|
|
-
|
|
|
|
(7,784
|
)
|
|
|
-
|
|
|
|
LOSS ON SALE OF PRODUCT LINE DIVESTITURE
|
|
|
(5,092
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
|
EBITDA
|
|
$
|
(53,799
|
)
|
|
$
|
(9,879
|
)
|
|
$
|
59,527
|
|
|
|
DIRECTOR & OFFICER TRANSITION CHARGES
|
|
|
-
|
|
|
|
(7,784
|
)
|
|
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
$
|
(53,799
|
)
|
|
$
|
(9,879
|
)
|
|
$
|
59,527
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
23.4
|
%
|
|
|
20.1
|
%
|
|
|
20.2
|
%
|
|
|
INDUSTRIAL SEGMENT
|
|
|
25.3
|
%
|
|
|
24.7
|
%
|
|
|
23.7
|
%
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
7.5
|
%
|
|
|
6.4
|
%
|
|
|
8.2
|
%
|
|
|
ENERGY SEGMENT
|
|
|
15.2
|
%
|
|
|
5.4
|
%
|
|
|
9.5
|
%
|
|
|
|
ADJUSTED EBITDA %
|
|
|
13.3
|
%
|
|
|
11.1
|
%
|
|
|
12.3
|
%
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
7.3
|
%
|
|
|
8.6
|
%
|
|
|
8.8
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
13.3
|
%
|
|
|
11.1
|
%
|
|
|
12.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEPRECIATION & AMORTIZATION
|
|
|
|
|
|
|
|
DEPRECIATION & AMORTIZATION
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
14,999
|
|
|
$
|
15,026
|
|
|
$
|
15,301
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
8,175
|
|
|
$
|
7,583
|
|
|
$
|
7,710
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
31,030
|
|
|
|
26,072
|
|
|
|
23,423
|
|
|
|
ENERGY SEGMENT
|
|
|
21,944
|
|
|
|
18,943
|
|
|
|
16,652
|
|
|
|
CORPORATE / GENERAL
|
|
|
1,748
|
|
|
|
2,012
|
|
|
|
1,984
|
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
15,910
|
|
|
|
14,572
|
|
|
|
14,362
|
|
|
|
|
TOTAL DEPRECIATION & AMORTIZATION
|
|
$
|
47,777
|
|
|
$
|
43,110
|
|
|
$
|
40,708
|
|
|
|
CORPORATE / GENERAL
|
|
|
1,748
|
|
|
|
2,012
|
|
|
|
1,984
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL DEPRECIATION & AMORTIZATION
|
|
$
|
47,777
|
|
|
$
|
43,110
|
|
|
$
|
40,708
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTUANT CORPORATION
|
|
SUPPLEMENTAL UNAUDITED DATA
|
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET SALES BY PRODUCT LINE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW REPORTING STRUCTURE
|
|
FORMER REPORTING STRUCTURE
|
|
|
|
|
|
FISCAL
|
|
FISCAL
|
|
FISCAL
|
|
|
|
|
|
FISCAL
|
|
FISCAL
|
|
FISCAL
|
|
|
|
|
|
2016
|
|
2017
|
|
2018
|
|
|
|
|
|
2016
|
|
2017
|
|
2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
|
|
|
INDUSTRIAL SEGMENT
|
|
|
|
|
|
|
|
|
PRODUCT
|
|
$
|
400,780
|
|
$
|
396,381
|
|
$
|
439,405
|
|
|
INDUSTRIAL TOOLS
|
|
$
|
314,832
|
|
$
|
335,569
|
|
$
|
369,546
|
|
|
SERVICE & RENTAL
|
|
|
187,427
|
|
|
156,201
|
|
|
151,680
|
|
|
HEAVY LIFTING TECHNOLOGY
|
|
|
44,985
|
|
|
44,186
|
|
|
46,351
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
|
|
ENERGY SEGMENT
|
|
|
|
|
|
|
|
|
ON-HIGHWAY
|
|
|
209,575
|
|
|
215,831
|
|
|
248,083
|
|
|
ENERGY MAINTENANCE & INTEGRITY
|
|
|
278,881
|
|
|
225,716
|
|
|
224,386
|
|
|
AGRICULTURE, OFF-HIGHWAY AND OTHER
|
|
|
187,287
|
|
|
190,604
|
|
|
215,487
|
|
|
OTHER ENERGY SOLUTIONS
|
|
|
113,850
|
|
|
83,878
|
|
|
78,758
|
|
|
ROPE & CABLE SOLUTIONS
|
|
|
73,813
|
|
|
65,169
|
|
|
76,011
|
|
|
|
|
|
|
|
|
|
|
|
|
CONCRETE TENSIONING
|
|
|
50,491
|
|
|
52,889
|
|
|
49,198
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
|
|
|
|
OFF-SHORE MOORING
|
|
|
40,037
|
|
|
18,709
|
|
|
2,747
|
|
|
ON-HIGHWAY
|
|
|
209,575
|
|
|
215,831
|
|
|
248,083
|
|
|
|
|
|
|
|
|
|
|
|
|
AGRICULTURE, OFF-HIGHWAY AND OTHER
|
|
|
187,287
|
|
|
190,604
|
|
|
215,487
|
|
TOTAL
|
|
$
|
1,149,410
|
|
$
|
1,095,784
|
|
$
|
1,182,611
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
$
|
1,149,410
|
|
$
|
1,095,784
|
|
$
|
1,182,611
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTUANT CORPORATION
|
|
SUPPLEMENTAL UNAUDITED DATA
|
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RESULTS BY REPORTING SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW REPORTING STRUCTURE
|
|
FORMER REPORTING STRUCTURE
|
|
|
|
|
|
FISCAL 2016
|
|
|
|
|
|
FISCAL 2016
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
SALES
|
|
|
|
|
|
|
|
|
|
|
|
SALES
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
154,500
|
|
|
$
|
128,811
|
|
|
$
|
156,210
|
|
|
$
|
148,686
|
|
|
$
|
588,207
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
88,870
|
|
|
$
|
81,188
|
|
|
$
|
95,750
|
|
|
$
|
94,009
|
|
|
$
|
359,817
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
150,511
|
|
|
|
134,478
|
|
|
|
149,131
|
|
|
|
127,083
|
|
|
|
561,203
|
|
|
|
ENERGY SEGMENT
|
|
|
113,764
|
|
|
|
86,225
|
|
|
|
101,300
|
|
|
|
91,442
|
|
|
|
392,731
|
|
|
|
|
TOTAL
|
|
$
|
305,011
|
|
|
$
|
263,289
|
|
|
$
|
305,341
|
|
|
$
|
275,769
|
|
|
$
|
1,149,410
|
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
102,377
|
|
|
|
95,876
|
|
|
|
108,291
|
|
|
|
90,318
|
|
|
|
396,862
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
$
|
305,011
|
|
|
$
|
263,289
|
|
|
$
|
305,341
|
|
|
$
|
275,769
|
|
|
$
|
1,149,410
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
32,390
|
|
|
$
|
23,938
|
|
|
$
|
35,420
|
|
|
$
|
32,061
|
|
|
$
|
123,809
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
21,263
|
|
|
$
|
17,003
|
|
|
$
|
22,519
|
|
|
$
|
22,144
|
|
|
$
|
82,929
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
5,934
|
|
|
|
968
|
|
|
|
4,320
|
|
|
|
(49
|
)
|
|
|
11,173
|
|
|
|
ENERGY SEGMENT
|
|
|
12,124
|
|
|
|
5,348
|
|
|
|
12,438
|
|
|
|
8,941
|
|
|
|
38,851
|
|
|
|
CORPORATE / GENERAL
|
|
|
(8,573
|
)
|
|
|
(6,928
|
)
|
|
|
(7,901
|
)
|
|
|
(5,623
|
)
|
|
|
(29,025
|
)
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
4,937
|
|
|
|
2,555
|
|
|
|
4,768
|
|
|
|
927
|
|
|
|
13,187
|
|
|
|
|
ADJUSTED OPERATING PROFIT
|
|
$
|
29,751
|
|
|
$
|
17,978
|
|
|
$
|
31,839
|
|
|
$
|
26,389
|
|
|
$
|
105,957
|
|
|
|
CORPORATE / GENERAL
|
|
|
(8,573
|
)
|
|
|
(6,928
|
)
|
|
|
(7,886
|
)
|
|
|
(5,623
|
)
|
|
|
(29,010
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
(186,511
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(186,511
|
)
|
|
|
|
ADJUSTED OPERATING PROFIT
|
|
$
|
29,751
|
|
|
$
|
17,978
|
|
|
$
|
31,839
|
|
|
$
|
26,389
|
|
|
$
|
105,957
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(4,380
|
)
|
|
|
(3,582
|
)
|
|
|
(3,496
|
)
|
|
|
(3,113
|
)
|
|
|
(14,571
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
(186,511
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(186,511
|
)
|
|
|
LOSS ON SALE OF PRODUCT LINE DIVESTITURE
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(5,092
|
)
|
|
|
(5,092
|
)
|
|
|
RESTRUCTURING CHARGES
|
|
|
(4,380
|
)
|
|
|
(3,582
|
)
|
|
|
(3,496
|
)
|
|
|
(3,113
|
)
|
|
|
(14,571
|
)
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
$
|
25,371
|
|
|
$
|
(172,115
|
)
|
|
$
|
28,343
|
|
|
$
|
18,184
|
|
|
$
|
(100,217
|
)
|
|
|
LOSS ON SALE OF PRODUCT LINE DIVESTITURE
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(5,092
|
)
|
|
|
(5,092
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
$
|
25,371
|
|
|
$
|
(172,115
|
)
|
|
$
|
28,343
|
|
|
$
|
18,184
|
|
|
$
|
(100,217
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
21.0
|
%
|
|
|
18.6
|
%
|
|
|
22.7
|
%
|
|
|
21.6
|
%
|
|
|
21.0
|
%
|
|
|
INDUSTRIAL SEGMENT
|
|
|
23.9
|
%
|
|
|
20.9
|
%
|
|
|
23.5
|
%
|
|
|
23.6
|
%
|
|
|
23.0
|
%
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
3.9
|
%
|
|
|
0.7
|
%
|
|
|
2.9
|
%
|
|
|
0.0
|
%
|
|
|
2.0
|
%
|
|
|
ENERGY SEGMENT
|
|
|
10.7
|
%
|
|
|
6.2
|
%
|
|
|
12.3
|
%
|
|
|
9.8
|
%
|
|
|
9.9
|
%
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
9.8
|
%
|
|
|
6.8
|
%
|
|
|
10.4
|
%
|
|
|
9.6
|
%
|
|
|
9.2
|
%
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
4.8
|
%
|
|
|
2.7
|
%
|
|
|
4.4
|
%
|
|
|
1.0
|
%
|
|
|
3.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
9.8
|
%
|
|
|
6.8
|
%
|
|
|
10.4
|
%
|
|
|
9.6
|
%
|
|
|
9.2
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
35,766
|
|
|
$
|
27,131
|
|
|
$
|
39,101
|
|
|
$
|
35,925
|
|
|
$
|
137,923
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
22,959
|
|
|
$
|
18,829
|
|
|
$
|
24,686
|
|
|
$
|
24,384
|
|
|
$
|
90,858
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
13,482
|
|
|
|
9,863
|
|
|
|
11,210
|
|
|
|
7,537
|
|
|
|
42,092
|
|
|
|
ENERGY SEGMENT
|
|
|
18,348
|
|
|
|
10,968
|
|
|
|
16,819
|
|
|
|
13,717
|
|
|
|
59,852
|
|
|
|
CORPORATE / GENERAL
|
|
|
(7,644
|
)
|
|
|
(6,867
|
)
|
|
|
(7,862
|
)
|
|
|
(5,267
|
)
|
|
|
(27,640
|
)
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
8,498
|
|
|
|
6,882
|
|
|
|
8,504
|
|
|
|
5,270
|
|
|
|
29,154
|
|
|
|
|
ADJUSTED EBITDA
|
|
$
|
41,604
|
|
|
$
|
30,127
|
|
|
$
|
42,449
|
|
|
$
|
38,195
|
|
|
$
|
152,375
|
|
|
|
CORPORATE / GENERAL
|
|
|
(8,201
|
)
|
|
|
(6,552
|
)
|
|
|
(7,560
|
)
|
|
|
(5,176
|
)
|
|
|
(27,489
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
(186,511
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(186,511
|
)
|
|
|
|
ADJUSTED EBITDA
|
|
$
|
41,604
|
|
|
$
|
30,127
|
|
|
$
|
42,449
|
|
|
$
|
38,195
|
|
|
$
|
152,375
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(4,380
|
)
|
|
|
(3,582
|
)
|
|
|
(3,496
|
)
|
|
|
(3,113
|
)
|
|
|
(14,571
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
(186,511
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
(186,511
|
)
|
|
|
LOSS ON SALE OF PRODUCT LINE DIVESTITURE
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(5,092
|
)
|
|
|
(5,092
|
)
|
|
|
RESTRUCTURING CHARGES
|
|
|
(4,380
|
)
|
|
|
(3,582
|
)
|
|
|
(3,496
|
)
|
|
|
(3,113
|
)
|
|
|
(14,571
|
)
|
|
|
|
EBITDA
|
|
$
|
37,224
|
|
|
$
|
(159,966
|
)
|
|
$
|
38,953
|
|
|
$
|
29,990
|
|
|
$
|
(53,799
|
)
|
|
|
LOSS ON SALE OF PRODUCT LINE DIVESTITURE
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(5,092
|
)
|
|
|
(5,092
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
$
|
37,224
|
|
|
$
|
(159,966
|
)
|
|
$
|
38,953
|
|
|
$
|
29,990
|
|
|
$
|
(53,799
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
23.1
|
%
|
|
|
21.1
|
%
|
|
|
25.0
|
%
|
|
|
24.2
|
%
|
|
|
23.4
|
%
|
|
|
INDUSTRIAL SEGMENT
|
|
|
25.8
|
%
|
|
|
23.2
|
%
|
|
|
25.8
|
%
|
|
|
25.9
|
%
|
|
|
25.3
|
%
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
9.0
|
%
|
|
|
7.3
|
%
|
|
|
7.5
|
%
|
|
|
5.9
|
%
|
|
|
7.5
|
%
|
|
|
ENERGY SEGMENT
|
|
|
16.1
|
%
|
|
|
12.7
|
%
|
|
|
16.6
|
%
|
|
|
15.0
|
%
|
|
|
15.2
|
%
|
|
|
|
ADJUSTED EBITDA %
|
|
|
13.6
|
%
|
|
|
11.4
|
%
|
|
|
13.9
|
%
|
|
|
13.9
|
%
|
|
|
13.3
|
%
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
8.3
|
%
|
|
|
7.2
|
%
|
|
|
7.9
|
%
|
|
|
5.8
|
%
|
|
|
7.3
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
13.6
|
%
|
|
|
11.4
|
%
|
|
|
13.9
|
%
|
|
|
13.9
|
%
|
|
|
13.3
|
%
|
|
NOTE: The total of the individual quarters may not equal the annual
total due to rounding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTUANT CORPORATION
|
|
SUPPLEMENTAL UNAUDITED DATA
|
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RESULTS BY REPORTING SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW REPORTING STRUCTURE
|
|
FORMER REPORTING STRUCTURE
|
|
|
|
|
|
FISCAL 2017
|
|
|
|
|
|
FISCAL 2017
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
SALES
|
|
|
|
|
|
|
|
|
|
|
|
SALES
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
138,628
|
|
|
$
|
130,166
|
|
|
$
|
147,224
|
|
|
$
|
136,564
|
|
|
$
|
552,582
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
87,290
|
|
|
$
|
91,648
|
|
|
$
|
100,503
|
|
|
$
|
100,314
|
|
|
$
|
379,755
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
127,165
|
|
|
|
128,703
|
|
|
|
148,203
|
|
|
|
139,131
|
|
|
|
543,202
|
|
|
|
ENERGY SEGMENT
|
|
|
84,646
|
|
|
|
72,884
|
|
|
|
83,480
|
|
|
|
68,584
|
|
|
|
309,594
|
|
|
|
|
TOTAL
|
|
$
|
265,793
|
|
|
$
|
258,869
|
|
|
$
|
295,427
|
|
|
$
|
275,695
|
|
|
$
|
1,095,784
|
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
93,857
|
|
|
|
94,337
|
|
|
|
111,444
|
|
|
|
106,797
|
|
|
|
406,435
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
$
|
265,793
|
|
|
$
|
258,869
|
|
|
$
|
295,427
|
|
|
$
|
275,695
|
|
|
$
|
1,095,784
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
27,090
|
|
|
$
|
21,583
|
|
|
$
|
27,550
|
|
|
$
|
22,154
|
|
|
$
|
98,377
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
19,491
|
|
|
$
|
19,037
|
|
|
$
|
24,019
|
|
|
$
|
24,076
|
|
|
$
|
86,623
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
(1,436
|
)
|
|
|
89
|
|
|
|
5,539
|
|
|
|
4,309
|
|
|
|
8,501
|
|
|
|
ENERGY SEGMENT
|
|
|
3,328
|
|
|
|
(647
|
)
|
|
|
895
|
|
|
|
(3,675
|
)
|
|
|
(99
|
)
|
|
|
CORPORATE / GENERAL
|
|
|
(6,451
|
)
|
|
|
(6,372
|
)
|
|
|
(5,373
|
)
|
|
|
(6,928
|
)
|
|
|
(25,123
|
)
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
2,834
|
|
|
|
3,282
|
|
|
|
8,174
|
|
|
|
6,069
|
|
|
|
20,359
|
|
|
|
|
ADJUSTED OPERATING PROFIT
|
|
$
|
19,203
|
|
|
$
|
15,300
|
|
|
$
|
27,716
|
|
|
$
|
19,535
|
|
|
$
|
81,755
|
|
|
|
CORPORATE / GENERAL
|
|
|
(6,450
|
)
|
|
|
(6,372
|
)
|
|
|
(5,372
|
)
|
|
|
(6,935
|
)
|
|
|
(25,128
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(116,979
|
)
|
|
|
(116,979
|
)
|
|
|
|
ADJUSTED OPERATING PROFIT
|
|
$
|
19,203
|
|
|
$
|
15,300
|
|
|
$
|
27,716
|
|
|
$
|
19,535
|
|
|
$
|
81,755
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(2,948
|
)
|
|
|
(2,101
|
)
|
|
|
(384
|
)
|
|
|
(1,795
|
)
|
|
|
(7,228
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(116,979
|
)
|
|
|
(116,979
|
)
|
|
|
DIRECTOR & OFFICER TRANSITION CHARGES
|
|
|
(7,784
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(7,784
|
)
|
|
|
RESTRUCTURING CHARGES
|
|
|
(2,948
|
)
|
|
|
(2,101
|
)
|
|
|
(384
|
)
|
|
|
(1,795
|
)
|
|
|
(7,228
|
)
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
$
|
8,471
|
|
|
$
|
13,199
|
|
|
$
|
27,332
|
|
|
$
|
(99,239
|
)
|
|
$
|
(50,236
|
)
|
|
|
DIRECTOR & OFFICER TRANSITION CHARGES
|
|
|
(7,784
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(7,784
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
$
|
8,471
|
|
|
$
|
13,199
|
|
|
$
|
27,332
|
|
|
$
|
(99,239
|
)
|
|
$
|
(50,236
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
19.5
|
%
|
|
|
16.6
|
%
|
|
|
18.7
|
%
|
|
|
16.2
|
%
|
|
|
17.8
|
%
|
|
|
INDUSTRIAL SEGMENT
|
|
|
22.3
|
%
|
|
|
20.8
|
%
|
|
|
23.9
|
%
|
|
|
24.0
|
%
|
|
|
22.8
|
%
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
-1.1
|
%
|
|
|
0.1
|
%
|
|
|
3.7
|
%
|
|
|
3.1
|
%
|
|
|
1.6
|
%
|
|
|
ENERGY SEGMENT
|
|
|
3.9
|
%
|
|
|
-0.9
|
%
|
|
|
1.1
|
%
|
|
|
-5.4
|
%
|
|
|
0.0
|
%
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
7.2
|
%
|
|
|
5.9
|
%
|
|
|
9.4
|
%
|
|
|
7.1
|
%
|
|
|
7.5
|
%
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
3.0
|
%
|
|
|
3.5
|
%
|
|
|
7.3
|
%
|
|
|
5.7
|
%
|
|
|
5.0
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
7.2
|
%
|
|
|
5.9
|
%
|
|
|
9.4
|
%
|
|
|
7.1
|
%
|
|
|
7.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
31,571
|
|
|
$
|
24,439
|
|
|
$
|
30,103
|
|
|
$
|
24,984
|
|
|
$
|
111,097
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
21,217
|
|
|
$
|
21,064
|
|
|
$
|
25,575
|
|
|
$
|
25,851
|
|
|
$
|
93,707
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
4,608
|
|
|
|
6,832
|
|
|
|
12,402
|
|
|
|
11,069
|
|
|
|
34,911
|
|
|
|
ENERGY SEGMENT
|
|
|
9,108
|
|
|
|
2,943
|
|
|
|
4,633
|
|
|
|
142
|
|
|
|
16,826
|
|
|
|
CORPORATE / GENERAL
|
|
|
(5,452
|
)
|
|
|
(5,833
|
)
|
|
|
(5,449
|
)
|
|
|
(7,163
|
)
|
|
|
(23,896
|
)
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
6,281
|
|
|
|
7,277
|
|
|
|
11,716
|
|
|
|
9,533
|
|
|
|
34,807
|
|
|
|
|
ADJUSTED EBITDA
|
|
$
|
30,727
|
|
|
$
|
25,438
|
|
|
$
|
37,056
|
|
|
$
|
28,890
|
|
|
$
|
122,112
|
|
|
|
CORPORATE / GENERAL
|
|
|
(5,879
|
)
|
|
|
(5,846
|
)
|
|
|
(4,868
|
)
|
|
|
(6,636
|
)
|
|
|
(23,228
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(116,979
|
)
|
|
|
(116,979
|
)
|
|
|
|
ADJUSTED EBITDA
|
|
$
|
30,727
|
|
|
$
|
25,438
|
|
|
$
|
37,056
|
|
|
$
|
28,890
|
|
|
$
|
122,112
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(2,948
|
)
|
|
|
(2,101
|
)
|
|
|
(384
|
)
|
|
|
(1,795
|
)
|
|
|
(7,228
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(116,979
|
)
|
|
|
(116,979
|
)
|
|
|
DIRECTOR & OFFICER TRANSITION CHARGES
|
|
|
(7,784
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(7,784
|
)
|
|
|
RESTRUCTURING CHARGES
|
|
|
(2,948
|
)
|
|
|
(2,101
|
)
|
|
|
(384
|
)
|
|
|
(1,795
|
)
|
|
|
(7,228
|
)
|
|
|
|
EBITDA
|
|
$
|
19,995
|
|
|
$
|
23,337
|
|
|
$
|
36,672
|
|
|
$
|
(89,884
|
)
|
|
$
|
(9,879
|
)
|
|
|
DIRECTOR & OFFICER TRANSITION CHARGES
|
|
|
(7,784
|
)
|
|
|
-
|
|
|
|
-
|
|
|
|
-
|
|
|
|
(7,784
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
$
|
19,995
|
|
|
$
|
23,337
|
|
|
$
|
36,672
|
|
|
$
|
(89,884
|
)
|
|
$
|
(9,879
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
22.8
|
%
|
|
|
18.8
|
%
|
|
|
20.4
|
%
|
|
|
18.3
|
%
|
|
|
20.1
|
%
|
|
|
INDUSTRIAL SEGMENT
|
|
|
24.3
|
%
|
|
|
23.0
|
%
|
|
|
25.4
|
%
|
|
|
25.8
|
%
|
|
|
24.7
|
%
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
3.6
|
%
|
|
|
5.3
|
%
|
|
|
8.4
|
%
|
|
|
8.0
|
%
|
|
|
6.4
|
%
|
|
|
ENERGY SEGMENT
|
|
|
10.8
|
%
|
|
|
4.0
|
%
|
|
|
5.5
|
%
|
|
|
0.2
|
%
|
|
|
5.4
|
%
|
|
|
|
ADJUSTED EBITDA %
|
|
|
11.6
|
%
|
|
|
9.8
|
%
|
|
|
12.5
|
%
|
|
|
10.5
|
%
|
|
|
11.1
|
%
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
6.7
|
%
|
|
|
7.7
|
%
|
|
|
10.5
|
%
|
|
|
8.9
|
%
|
|
|
8.6
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
11.6
|
%
|
|
|
9.8
|
%
|
|
|
12.5
|
%
|
|
|
10.5
|
%
|
|
|
11.1
|
%
|
|
NOTE: The total of the individual quarters may not equal the annual
total due to rounding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTUANT CORPORATION
|
|
SUPPLEMENTAL UNAUDITED DATA
|
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RESULTS BY REPORTING SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW REPORTING STRUCTURE
|
|
FORMER REPORTING STRUCTURE
|
|
|
|
|
|
FISCAL 2018
|
|
|
|
|
|
FISCAL 2018
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
SALES
|
|
|
|
|
|
|
|
|
|
|
|
SALES
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
141,991
|
|
|
$
|
136,986
|
|
|
$
|
158,735
|
|
|
$
|
153,373
|
|
|
$
|
591,085
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
96,916
|
|
|
$
|
99,081
|
|
|
$
|
108,297
|
|
|
$
|
111,603
|
|
|
$
|
415,897
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
146,964
|
|
|
|
138,179
|
|
|
|
158,361
|
|
|
|
148,022
|
|
|
|
591,526
|
|
|
|
ENERGY SEGMENT
|
|
|
75,841
|
|
|
|
65,992
|
|
|
|
83,857
|
|
|
|
77,454
|
|
|
|
303,144
|
|
|
|
|
TOTAL
|
|
$
|
288,955
|
|
|
$
|
275,165
|
|
|
$
|
317,096
|
|
|
$
|
301,395
|
|
|
$
|
1,182,611
|
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
116,198
|
|
|
|
110,092
|
|
|
|
124,942
|
|
|
|
112,338
|
|
|
|
463,570
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
$
|
288,955
|
|
|
$
|
275,165
|
|
|
$
|
317,096
|
|
|
$
|
301,395
|
|
|
$
|
1,182,611
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
22,218
|
|
|
$
|
20,510
|
|
|
$
|
32,206
|
|
|
$
|
28,783
|
|
|
$
|
103,718
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
19,482
|
|
|
$
|
18,493
|
|
|
$
|
25,845
|
|
|
$
|
26,576
|
|
|
$
|
90,396
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
5,107
|
|
|
|
1,177
|
|
|
|
9,714
|
|
|
|
8,789
|
|
|
|
24,787
|
|
|
|
ENERGY SEGMENT
|
|
|
1,224
|
|
|
|
747
|
|
|
|
7,033
|
|
|
|
3,336
|
|
|
|
12,340
|
|
|
|
CORPORATE / GENERAL
|
|
|
(6,023
|
)
|
|
|
(4,827
|
)
|
|
|
(8,149
|
)
|
|
|
(5,404
|
)
|
|
|
(24,404
|
)
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
6,618
|
|
|
|
2,409
|
|
|
|
9,039
|
|
|
|
7,633
|
|
|
|
25,698
|
|
|
|
|
ADJUSTED OPERATING PROFIT
|
|
$
|
21,302
|
|
|
$
|
16,860
|
|
|
$
|
33,771
|
|
|
$
|
32,168
|
|
|
$
|
104,101
|
|
|
|
CORPORATE / GENERAL
|
|
|
(6,022
|
)
|
|
|
(4,789
|
)
|
|
|
(8,146
|
)
|
|
|
(5,377
|
)
|
|
|
(24,333
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
(2,987
|
)
|
|
|
-
|
|
|
|
(70,071
|
)
|
|
|
(73,058
|
)
|
|
|
|
ADJUSTED OPERATING PROFIT
|
|
$
|
21,302
|
|
|
$
|
16,860
|
|
|
$
|
33,771
|
|
|
$
|
32,168
|
|
|
$
|
104,101
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(6,629
|
)
|
|
|
(4,284
|
)
|
|
|
(1,186
|
)
|
|
|
(746
|
)
|
|
|
(12,845
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
(2,987
|
)
|
|
|
-
|
|
|
|
(70,071
|
)
|
|
|
(73,058
|
)
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
$
|
14,673
|
|
|
$
|
9,589
|
|
|
$
|
32,585
|
|
|
$
|
(38,649
|
)
|
|
$
|
18,198
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(6,629
|
)
|
|
|
(4,284
|
)
|
|
|
(1,186
|
)
|
|
|
(746
|
)
|
|
|
(12,845
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING PROFIT (LOSS)
|
|
$
|
14,673
|
|
|
$
|
9,589
|
|
|
$
|
32,585
|
|
|
$
|
(38,649
|
)
|
|
$
|
18,198
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
15.6
|
%
|
|
|
15.0
|
%
|
|
|
20.3
|
%
|
|
|
18.8
|
%
|
|
|
17.5
|
%
|
|
|
INDUSTRIAL SEGMENT
|
|
|
20.1
|
%
|
|
|
18.7
|
%
|
|
|
23.9
|
%
|
|
|
23.8
|
%
|
|
|
21.7
|
%
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
3.5
|
%
|
|
|
0.9
|
%
|
|
|
6.1
|
%
|
|
|
5.9
|
%
|
|
|
4.2
|
%
|
|
|
ENERGY SEGMENT
|
|
|
1.6
|
%
|
|
|
1.1
|
%
|
|
|
8.4
|
%
|
|
|
4.3
|
%
|
|
|
4.1
|
%
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
7.4
|
%
|
|
|
6.1
|
%
|
|
|
10.7
|
%
|
|
|
10.7
|
%
|
|
|
8.8
|
%
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
5.7
|
%
|
|
|
2.2
|
%
|
|
|
7.2
|
%
|
|
|
6.8
|
%
|
|
|
5.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED OPERATING PROFIT %
|
|
|
7.4
|
%
|
|
|
6.1
|
%
|
|
|
10.7
|
%
|
|
|
10.7
|
%
|
|
|
8.8
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
$
|
25,567
|
|
|
$
|
24,594
|
|
|
$
|
36,394
|
|
|
$
|
32,763
|
|
|
$
|
119,318
|
|
|
|
INDUSTRIAL SEGMENT
|
|
$
|
21,202
|
|
|
$
|
21,034
|
|
|
$
|
27,823
|
|
|
$
|
28,312
|
|
|
$
|
98,371
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
11,004
|
|
|
|
7,267
|
|
|
|
15,093
|
|
|
|
15,114
|
|
|
|
48,478
|
|
|
|
ENERGY SEGMENT
|
|
|
5,125
|
|
|
|
4,533
|
|
|
|
11,554
|
|
|
|
7,726
|
|
|
|
28,938
|
|
|
|
CORPORATE / GENERAL
|
|
|
(5,508
|
)
|
|
|
(5,073
|
)
|
|
|
(7,113
|
)
|
|
|
(4,672
|
)
|
|
|
(22,366
|
)
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
10,254
|
|
|
|
6,020
|
|
|
|
12,566
|
|
|
|
11,779
|
|
|
|
40,619
|
|
|
|
|
ADJUSTED EBITDA
|
|
$
|
31,063
|
|
|
$
|
26,788
|
|
|
$
|
44,374
|
|
|
$
|
43,205
|
|
|
$
|
145,430
|
|
|
|
CORPORATE / GENERAL
|
|
|
(5,518
|
)
|
|
|
(4,799
|
)
|
|
|
(7,569
|
)
|
|
|
(4,612
|
)
|
|
|
(22,498
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
(2,987
|
)
|
|
|
-
|
|
|
|
(70,071
|
)
|
|
|
(73,058
|
)
|
|
|
|
ADJUSTED EBITDA
|
|
$
|
31,063
|
|
|
$
|
26,788
|
|
|
$
|
44,374
|
|
|
$
|
43,205
|
|
|
$
|
145,430
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(6,629
|
)
|
|
|
(4,284
|
)
|
|
|
(1,186
|
)
|
|
|
(746
|
)
|
|
|
(12,845
|
)
|
|
|
IMPAIRMENT & DIVESTITURE CHARGES
|
|
|
-
|
|
|
|
(2,987
|
)
|
|
|
-
|
|
|
|
(70,071
|
)
|
|
|
(73,058
|
)
|
|
|
|
EBITDA
|
|
$
|
24,434
|
|
|
$
|
19,517
|
|
|
$
|
43,188
|
|
|
$
|
(27,612
|
)
|
|
$
|
59,527
|
|
|
|
RESTRUCTURING CHARGES
|
|
|
(6,629
|
)
|
|
|
(4,284
|
)
|
|
|
(1,186
|
)
|
|
|
(746
|
)
|
|
|
(12,845
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
|
$
|
24,434
|
|
|
$
|
19,517
|
|
|
$
|
43,188
|
|
|
$
|
(27,612
|
)
|
|
$
|
59,527
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
18.0
|
%
|
|
|
18.0
|
%
|
|
|
22.9
|
%
|
|
|
21.4
|
%
|
|
|
20.2
|
%
|
|
|
INDUSTRIAL SEGMENT
|
|
|
21.9
|
%
|
|
|
21.2
|
%
|
|
|
25.7
|
%
|
|
|
25.4
|
%
|
|
|
23.7
|
%
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
7.5
|
%
|
|
|
5.3
|
%
|
|
|
9.5
|
%
|
|
|
10.2
|
%
|
|
|
8.2
|
%
|
|
|
ENERGY SEGMENT
|
|
|
6.8
|
%
|
|
|
6.9
|
%
|
|
|
13.8
|
%
|
|
|
10.0
|
%
|
|
|
9.5
|
%
|
|
|
|
ADJUSTED EBITDA %
|
|
|
10.8
|
%
|
|
|
9.7
|
%
|
|
|
14.0
|
%
|
|
|
14.3
|
%
|
|
|
12.3
|
%
|
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
8.8
|
%
|
|
|
5.5
|
%
|
|
|
10.1
|
%
|
|
|
10.5
|
%
|
|
|
8.8
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ADJUSTED EBITDA %
|
|
|
10.8
|
%
|
|
|
9.7
|
%
|
|
|
14.0
|
%
|
|
|
14.3
|
%
|
|
|
12.3
|
%
|
|
NOTE: The total of the individual quarters may not equal the annual
total due to rounding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTUANT CORPORATION
|
|
SUPPLEMENTAL UNAUDITED DATA
|
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET SALES BY PRODUCT LINE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW REPORTING STRUCTURE
|
|
FORMER REPORTING STRUCTURE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FISCAL 2016
|
|
|
|
|
|
FISCAL 2016
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
|
|
|
|
|
INDUSTRIAL SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
PRODUCT
|
|
$
|
92,975
|
|
$
|
90,362
|
|
$
|
109,490
|
|
$
|
107,953
|
|
$
|
400,780
|
|
|
INDUSTRIAL TOOLS
|
|
$
|
79,733
|
|
$
|
72,095
|
|
$
|
81,770
|
|
$
|
81,234
|
|
$
|
314,832
|
|
|
SERVICE & RENTAL
|
|
|
61,525
|
|
|
38,449
|
|
|
46,720
|
|
|
40,733
|
|
|
187,427
|
|
|
HEAVY LIFTING TECHNOLOGY
|
|
|
9,137
|
|
|
9,093
|
|
|
13,980
|
|
|
12,775
|
|
|
44,985
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
|
|
|
ENERGY SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
ON-HIGHWAY
|
|
|
54,075
|
|
|
49,434
|
|
|
58,440
|
|
|
47,626
|
|
|
209,575
|
|
|
ENERGY MAINTENANCE & INTEGRITY
|
|
|
78,835
|
|
|
58,551
|
|
|
73,377
|
|
|
68,118
|
|
|
278,881
|
|
|
AGRICULTURE, OFF-HIGHWAY AND OTHER
|
|
|
48,302
|
|
|
46,442
|
|
|
49,851
|
|
|
42,692
|
|
|
187,287
|
|
|
OTHER ENERGY SOLUTIONS
|
|
|
34,929
|
|
|
27,674
|
|
|
27,923
|
|
|
23,324
|
|
|
113,850
|
|
|
ROPE & CABLE SOLUTIONS
|
|
|
22,391
|
|
|
15,938
|
|
|
18,231
|
|
|
17,253
|
|
|
73,813
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONCRETE TENSIONING
|
|
|
13,205
|
|
|
10,928
|
|
|
12,917
|
|
|
13,441
|
|
|
50,491
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
|
|
|
|
|
|
|
|
OFF-SHORE MOORING
|
|
|
12,538
|
|
|
11,736
|
|
|
9,692
|
|
|
6,071
|
|
|
40,037
|
|
|
ON-HIGHWAY
|
|
|
54,075
|
|
|
49,434
|
|
|
58,440
|
|
|
47,626
|
|
|
209,575
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AGRICULTURE, OFF-HIGHWAY AND OTHER
|
|
|
48,302
|
|
|
46,442
|
|
|
49,851
|
|
|
42,692
|
|
|
187,287
|
|
TOTAL
|
|
$
|
305,011
|
|
$
|
263,289
|
|
$
|
305,341
|
|
$
|
275,769
|
|
$
|
1,149,410
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
$
|
305,011
|
|
$
|
263,289
|
|
$
|
305,341
|
|
$
|
275,769
|
|
$
|
1,149,410
|
|
NOTE: The total of the individual quarters may not equal the annual
total due to rounding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTUANT CORPORATION
|
|
SUPPLEMENTAL UNAUDITED DATA
|
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET SALES BY PRODUCT LINE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW REPORTING STRUCTURE
|
|
FORMER REPORTING STRUCTURE
|
|
|
|
|
|
FISCAL 2017
|
|
|
|
|
|
FISCAL 2017
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
|
|
|
|
|
INDUSTRIAL SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
PRODUCT
|
|
$
|
93,415
|
|
$
|
94,406
|
|
$
|
105,615
|
|
$
|
102,945
|
|
$
|
396,381
|
|
|
INDUSTRIAL TOOLS
|
|
$
|
79,039
|
|
$
|
78,679
|
|
$
|
87,404
|
|
$
|
90,447
|
|
$
|
335,569
|
|
|
SERVICE & RENTAL
|
|
|
45,213
|
|
|
35,760
|
|
|
41,609
|
|
|
33,619
|
|
|
156,201
|
|
|
HEAVY LIFTING TECHNOLOGY
|
|
|
8,251
|
|
|
12,969
|
|
|
13,099
|
|
|
9,867
|
|
|
44,186
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
|
|
|
ENERGY SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
ON-HIGHWAY
|
|
|
51,630
|
|
|
50,611
|
|
|
57,710
|
|
|
55,880
|
|
|
215,831
|
|
|
ENERGY MAINTENANCE & INTEGRITY
|
|
|
64,821
|
|
|
51,590
|
|
|
59,905
|
|
|
49,400
|
|
|
225,716
|
|
|
AGRICULTURE, OFF-HIGHWAY AND OTHER
|
|
|
42,227
|
|
|
43,726
|
|
|
53,734
|
|
|
50,917
|
|
|
190,604
|
|
|
OTHER ENERGY SOLUTIONS
|
|
|
19,825
|
|
|
21,294
|
|
|
23,575
|
|
|
19,184
|
|
|
83,878
|
|
|
ROPE & CABLE SOLUTIONS
|
|
|
14,293
|
|
|
15,342
|
|
|
19,439
|
|
|
16,095
|
|
|
65,169
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONCRETE TENSIONING
|
|
|
13,483
|
|
|
13,072
|
|
|
13,184
|
|
|
13,150
|
|
|
52,889
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
|
|
|
|
|
|
|
|
OFF-SHORE MOORING
|
|
|
5,532
|
|
|
5,952
|
|
|
4,136
|
|
|
3,089
|
|
|
18,709
|
|
|
ON-HIGHWAY
|
|
|
51,630
|
|
|
50,611
|
|
|
57,710
|
|
|
55,880
|
|
|
215,831
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AGRICULTURE, OFF-HIGHWAY AND OTHER
|
|
|
42,227
|
|
|
43,726
|
|
|
53,734
|
|
|
50,917
|
|
|
190,604
|
|
TOTAL
|
|
$
|
265,793
|
|
$
|
258,869
|
|
$
|
295,427
|
|
$
|
275,695
|
|
$
|
1,095,784
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
$
|
265,793
|
|
$
|
258,869
|
|
$
|
295,427
|
|
$
|
275,695
|
|
$
|
1,095,784
|
|
NOTE: The total of the individual quarters may not equal the annual
total due to rounding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTUANT CORPORATION
|
|
SUPPLEMENTAL UNAUDITED DATA
|
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET SALES BY PRODUCT LINE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NEW REPORTING STRUCTURE
|
|
FORMER REPORTING STRUCTURE
|
|
|
|
|
|
FISCAL 2018
|
|
|
|
|
|
FISCAL 2018
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INDUSTRIAL TOOLS & SERVICES SEGMENT
|
|
|
|
|
|
|
|
INDUSTRIAL SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
PRODUCT
|
|
$ 101,120
|
|
$ 105,301
|
|
$ 115,722
|
|
$ 117,262
|
|
$ 439,405
|
|
|
INDUSTRIAL TOOLS
|
|
$ 84,510
|
|
$ 87,438
|
|
$ 98,970
|
|
$ 98,628
|
|
$ 369,546
|
|
|
SERVICE & RENTAL
|
|
40,871
|
|
31,685
|
|
43,013
|
|
36,111
|
|
151,680
|
|
|
HEAVY LIFTING TECHNOLOGY
|
|
12,406
|
|
11,643
|
|
9,327
|
|
12,975
|
|
46,351
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ENGINEERED COMPONENTS & SYSTEMS SEGMENT
|
|
|
|
|
|
ENERGY SEGMENT
|
|
|
|
|
|
|
|
|
|
|
|
|
ON-HIGHWAY
|
|
64,882
|
|
59,297
|
|
66,556
|
|
57,348
|
|
248,083
|
|
|
ENERGY MAINTENANCE & INTEGRITY
|
|
56,710
|
|
48,889
|
|
63,421
|
|
55,366
|
|
224,386
|
|
|
AGRICULTURE, OFF-HIGHWAY AND OTHER
|
|
51,316
|
|
50,795
|
|
58,386
|
|
54,990
|
|
215,487
|
|
|
OTHER ENERGY SOLUTIONS
|
|
19,131
|
|
17,103
|
|
20,436
|
|
22,088
|
|
78,758
|
|
|
ROPE & CABLE SOLUTIONS
|
|
16,386
|
|
17,101
|
|
20,436
|
|
22,088
|
|
76,011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONCRETE TENSIONING
|
|
11,635
|
|
10,984
|
|
12,983
|
|
13,596
|
|
49,198
|
|
ENGINEERED SOLUTIONS SEGMENT
|
|
|
|
|
|
|
|
|
|
|
OFF-SHORE MOORING
|
|
2,745
|
|
2
|
|
-
|
|
-
|
|
2,747
|
|
|
ON-HIGHWAY
|
|
64,882
|
|
59,297
|
|
66,556
|
|
57,348
|
|
248,083
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AGRICULTURE, OFF-HIGHWAY AND OTHER
|
|
51,316
|
|
50,795
|
|
58,386
|
|
54,990
|
|
215,487
|
|
TOTAL
|
|
$ 288,955
|
|
$ 275,165
|
|
$ 317,096
|
|
$ 301,395
|
|
$ 1,182,611
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
|
|
$ 288,955
|
|
$ 275,165
|
|
$ 317,096
|
|
$ 301,395
|
|
$ 1,182,611
|
|
NOTE: The total of the individual quarters may not equal the annual
total due to rounding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ACTUANT CORPORATION
|
|
SUPPLEMENTAL UNAUDITED DATA
|
|
|
(Dollars in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FISCAL 2016
|
|
|
|
FISCAL 2017
|
|
|
|
FISCAL 2018
|
|
|
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
|
|
Q1
|
|
Q2
|
|
Q3
|
|
Q4
|
|
TOTAL
|
|
ADJUSTED EBITDA
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET EARNINGS (LOSS) (GAAP MEASURE)
|
|
$ 15,448
|
|
$ (159,190)
|
|
$ 21,166
|
|
$ 17,402
|
|
$ (105,174)
|
|
|
|
$ 4,965
|
|
$ 5,074
|
|
$ 22,511
|
|
$ (98,764)
|
|
$ (66,213)
|
|
|
|
$ 5,226
|
|
$ (18,221)
|
|
$ 29,012
|
|
$ (37,664)
|
|
$ (21,648)
|
|
|
FINANCING COSTS, NET
|
|
7,117
|
|
6,866
|
|
7,253
|
|
7,532
|
|
28,768
|
|
|
|
7,132
|
|
7,334
|
|
7,553
|
|
7,683
|
|
29,703
|
|
|
|
7,514
|
|
7,604
|
|
7,756
|
|
8,617
|
|
31,491
|
|
|
INCOME TAX (BENEFIT) EXPENSE
|
|
2,187
|
|
(20,026)
|
|
(827)
|
|
(6,504)
|
|
(25,170)
|
|
|
|
(2,998)
|
|
200
|
|
(4,029)
|
|
(9,651)
|
|
(16,478)
|
|
|
|
1,604
|
|
19,839
|
|
(3,995)
|
|
(8,472)
|
|
8,976
|
|
|
DEPRECIATION & AMORTIZATION
|
|
12,472
|
|
12,384
|
|
11,361
|
|
11,560
|
|
47,777
|
|
|
|
10,896
|
|
10,729
|
|
10,637
|
|
10,848
|
|
43,110
|
|
|
|
10,090
|
|
10,295
|
|
10,415
|
|
9,907
|
|
40,708
|
|
|
|
EBITDA
|
|
$ 37,224
|
|
$ (159,966)
|
|
$ 38,953
|
|
$ 29,990
|
|
$ (53,799)
|
|
|
|
$ 19,995
|
|
$ 23,337
|
|
$ 36,672
|
|
$ (89,884)
|
|
$ (9,879)
|
|
|
|
$ 24,434
|
|
$ 19,517
|
|
$ 43,188
|
|
$ (27,612)
|
|
$ 59,527
|
|
|
IMPAIRMENT & OTHER DIVESTITURE CHARGES
|
|
-
|
|
186,511
|
|
-
|
|
|
|
186,511
|
|
|
|
-
|
|
-
|
|
-
|
|
116,979
|
|
116,979
|
|
|
|
-
|
|
2,987
|
|
-
|
|
70,071
|
|
73,058
|
|
|
DIRECTOR & OFFICER TRANSITION CHARGES
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
|
7,784
|
|
-
|
|
-
|
|
-
|
|
7,784
|
|
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
LOSS ON SANLO PRODUCT LINE DIVESTITURE
|
|
-
|
|
-
|
|
-
|
|
5,092
|
|
5,092
|
|
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|
RESTRUCTURING CHARGES
|
|
4,380
|
|
3,582
|
|
3,496
|
|
3,113
|
|
14,571
|
|
|
|
2,948
|
|
2,101
|
|
384
|
|
1,795
|
|
7,228
|
|
|
|
6,629
|
|
4,284
|
|
1,186
|
|
746
|
|
12,845
|
|
|
|
ADJUSTED EBITDA
|
|
$ 41,604
|
|
$ 30,127
|
|
$ 42,449
|
|
$ 38,195
|
|
$ 152,375
|
|
|
|
$ 30,727
|
|
$ 25,438
|
|
$ 37,056
|
|
$ 28,890
|
|
$ 122,112
|
|
|
|
$ 31,063
|
|
$ 26,788
|
|
$ 44,374
|
|
$ 43,205
|
|
$ 145,430
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTES:
|
The total of the individual quarters may not equal the annual total
due to rounding.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA represents net earnings (loss) before financing costs, net,
income tax (benefit) expense, and depreciation & amortization.
EBITDA is not a calculation based upon generally accepted accounting
principles (GAAP). The amounts included in the EBITDA and Adjusted
EBITDA calculation, however, are derived from amounts included in
the Condensed Consolidated Statements of Operations. EBITDA should
not be considered as an alternative to net earnings (loss),
operating profit (loss) or operating cash flows. Actuant has
presented EBITDA because it regularly reviews this performance
measure. In addition, EBITDA is used by many of our investors and
lenders, and is presented as a convenience to them. The EBITDA
measure presented may not always be comparable to similarly titled
measures reported by other companies due to differences in the
components of the calculation.
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20181004005889/en/
Actuant Corporation
Barb Bolens
VP Corporate Strategy &
Investor Relations
262-293-1562
Source: Actuant Corporation
Released October 4, 2018