Exhibit 99.1 Actuant Reports Record First Quarter Results, Raises Full Year Guidance MILWAUKEE--(BUSINESS WIRE)--Dec. 19, 2007--Actuant Corporation (NYSE: ATU) today announced record sales and earnings for its first quarter ended November 30, 2007. Highlights -- Record sales of $415 million, a 21% increase over the prior year, with 3% core sales growth (total sales less the impact of foreign currency rate changes and business acquisitions). -- 27% year-over-year improvement in diluted earnings per share ("EPS"), excluding restructuring charges, to $0.52 for the quarter. -- EBITDA margin expansion of 130 basis points, excluding restructuring charges. -- Seasonally strong cash generated from operations of approximately $27 million. -- Completed the acquisition of Templeton, Kenly & Co. (TK Simplex), broadening the Industrial segment product offering. -- Completed two-for-one split of the Company's common stock effective November 8, 2007. Robert Arzbaecher, President and CEO of Actuant commented, "Actuant is off to a solid start in fiscal 2008 with core sales growth slightly ahead of expectations and excellent conversion to earnings. Robust Industrial segment sales as well as continued strength in the European truck market had a favorable impact on our core sales growth in the quarter. These results reinforce the benefits of Actuant's end market, geographic and customer diversification. Excluding restructuring charges, first quarter EPS increased 27% from last year, driven by higher sales, the benefit of acquisitions and margin expansion. We were especially pleased with the breadth of the year-over-year EBITDA margin increase as all of our business segments contributed to the improvement." Consolidated Results First quarter sales increased 21% to $415 million from $343 million in the prior year, reflecting the combination of core growth, business acquisitions and the weaker US dollar. Excluding the impact of foreign currency rate changes (5%) and acquisitions (13%), core sales growth was 3%. Both the Industrial and Engineered Products segments generated double digit core sales growth. Excluding European Electrical restructuring charges, operating margins in the first quarter improved 90 basis points, to 13.6% from 12.7% in the prior year. Higher gross profit margins as well as controlled selling, administrative and engineering spending were the primary drivers. The gross profit margin expansion reflects higher volume, favorable sales mix and the Company's continuous improvement initiatives including Lean Enterprise Across Discipline (LEAD). First quarter fiscal 2008 net earnings and EPS were $27.4 million and $0.43, respectively, compared to prior year net earnings and EPS of $25.1 million and $0.41, respectively. Fiscal 2008 first quarter results include a $5.5 million ($0.09 per diluted share) charge covering a portion of the Company's previously announced European Electrical restructuring, versus $0.1 million in the first quarter of fiscal 2007. Excluding these restructuring charges, first quarter EPS increased 27% year-over-year from $0.41 to $0.52. (See attached reconciliation of GAAP to non-GAAP measures for earnings, EPS and EBITDA). Segment Results Industrial Segment (US $ in millions) Three Months Ended November 30, ------------------- 2007 2006 --------- --------- Sales $137.1 $103.9 Operating Profit $38.0 $29.0 Operating Profit % 27.7% 27.9% First quarter fiscal 2008 Industrial segment sales increased 32% to $137 million. Excluding currency translation and acquisitions, Industrial segment core sales grew 11% driven by continued strong global demand in both the joint integrity and high-force hydraulic tool product lines. First quarter operating profit margins benefited from the higher volumes, price increases and operating efficiencies. However, they declined 20 basis points from the prior year due to acquisition mix and higher intangible asset amortization. Electrical Segment (US $ in millions) Three Months Ended November 30, ------------------- 2007 2006 --------- --------- Sales $134.0 $122.0 Operating Profit (1) $10.4 $9.4 Operating Profit % 7.8% 7.7% (1) Excludes European Electrical restructuring charges of $5.5 million and $0.1 million for the three months ended November 30, 2007 and 2006, respectively. Fiscal 2008 first quarter Electrical segment sales increased 10% to $134 million due to favorable foreign currency exchange rate changes and the acquisition of BH Electronics (July 2007). Core sales declined 3% due primarily to the impact of weaker European demand and lower OEM transformer sales. Excluding restructuring charges, electrical segment operating profit margin improved to 7.8% in the quarter from 7.7% in the prior year. The Company is on track to complete the previously announced European Electrical restructuring by the end of the second quarter of fiscal 2008. Actuation Systems Segment (US $ in millions) Three Months Ended November 30, ------------------- 2007 2006 --------- --------- Sales $112.9 $105.7 Operating Profit $10.1 $8.6 Operating Profit % 8.9% 8.2% Actuation Systems segment first quarter fiscal 2008 sales increased 7% to $113 million. Core sales grew 1% in the quarter as increased demand from the Company's recreational vehicle ("RV") and European and Asian truck customers was partially offset by declines in both the automotive and North American truck markets. The decline in North American truck was the result of the prior year emissions related pre-buy, while automotive sales declined due to new platform launches in the prior year. Operating profit margins improved 70 basis points compared to last year due primarily to the benefit of profit improvement actions and product line mix. Engineered Products Segment (US $ in millions) Three Months Ended November 30, ------------------- 2007 2006 --------- --------- Sales $31.2 $11.4 Operating Profit $4.2 $1.7 Operating Profit % 13.6% 14.5% Fiscal 2008 first quarter Engineered Products segment sales increased to $31 million from $11 million in the prior year reflecting both 19% core sales growth and the acquisition of Maxima in December 2006. The operating profit margin of 13.6% in the first quarter includes base business margin expansion, which was more than offset by unfavorable acquisition mix. Financial Position Net debt at November 30, 2007 was $505 million (total debt of $574 million less $69 million of cash), an increase of $30 million from the beginning of the quarter. Strong cash flow in the quarter was used to fund the $47 million investment in TK Simplex as well as $9 million of capital expenditures. Actuant's first quarter cash flow was impacted by seasonal trends including working capital growth and the payment of prior year employee incentive compensation. Outlook The Company also announced that it has increased its full year sales and earnings guidance and provided guidance for the second quarter of fiscal 2008. Arzbaecher stated, "We expect second quarter sales and EPS to be lower than the first quarter due to normal seasonality, but do anticipate year-over-year growth. Excluding future acquisition activity and European Electrical restructuring charges, we are projecting second quarter sales and EPS to be in the range of $385 - - 395 million, and $0.39-0.42 per share, respectively." Arzbaecher continued "Our full year fiscal 2008 sales and earnings outlook, excluding future acquisitions and European Electrical restructuring charges, is being increased to reflect actual first quarter results, the weaker US dollar and current business conditions. Our increased guidance is for sales and EPS in the range of $1.625-1.660 billion and $1.95-2.05 per share, respectively. This translates to 13-18% EPS growth over the $1.73 fiscal 2007 EPS, excluding 2007 tax gains and European Electrical restructuring charges. We are pleased with our first quarter performance and remain committed to delivering outstanding customer and shareholder value." Conference Call Information An investor conference call is scheduled for 10am CST today, December 19, 2007. Webcast information and conference call materials will be made available on the Actuant company website (www.actuant.com) prior to the start of the call. Safe Harbor Statement Certain of the above comments represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. Management cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Actuant's results are also subject to general economic conditions, variation in demand from customers, the impact of geopolitical activity on the economy, continued market acceptance of the Company's new product introductions, the successful integration of acquisitions, restructuring, operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, material and labor cost increases, foreign currency fluctuations and interest rate risk. See the Company's Form 10-K filed with the Securities and Exchange Commission for further information regarding risk factors. About Actuant Actuant, headquartered in Butler, Wisconsin, is a diversified industrial company with operations in more than 30 countries. The Actuant businesses are market leaders in highly engineered position and motion control systems and branded hydraulic and electrical tools and supplies. Since its creation through a spin-off in 2000, Actuant has grown its sales from $482 million to $1.5 billion and its market capitalization from $113 million to over $1.8 billion. The Company employs a workforce of more than 7,500 worldwide. Actuant Corporation trades on the NYSE under the symbol ATU. For further information on Actuant and its business units, visit the Company's website at www.actuant.com. (tables follow) Actuant Corporation Condensed Consolidated Balance Sheets (Dollars in thousands) (Unaudited) November 30, August 31, 2007 2007 ------------ ----------- ASSETS Current assets Cash and cash equivalents $68,741 $86,680 Accounts receivable, net 224,419 194,775 Inventories, net 218,412 197,539 Deferred income taxes 14,516 14,827 Other current assets 12,498 11,459 ------------ ----------- Total current assets 538,586 505,280 Property, plant and equipment, net 125,005 122,817 Goodwill 624,252 599,841 Other intangible assets, net 280,778 260,418 Other long-term assets 10,052 12,420 ------------ ----------- Total assets $1,578,673 $1,500,776 ============ =========== LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Short-term borrowings $134 $- Trade accounts payable 159,464 153,205 Accrued compensation and benefits 40,863 52,345 Income taxes payable 32,357 20,309 Current maturities of long-term debt 33 519 Other current liabilities 77,198 64,449 ------------ ----------- Total current liabilities 310,049 290,827 Long-term debt, less current maturities 573,267 561,138 Deferred income taxes 110,412 103,589 Pension and postretirement benefit accruals 23,222 27,437 Other long-term liabilities 24,235 17,864 Shareholders' equity Capital stock 11,152 5,535 Additional paid-in capital (336,610) (343,655) Accumulated other comprehensive income (loss) 19,768 12,876 Stock held in trust (1,939) (1,744) Deferred compensation liability 1,939 1,744 Retained earnings 843,178 825,165 ------------ ----------- Total shareholders' equity 537,488 499,921 ------------ ----------- Total liabilities and shareholders' equity $1,578,673 $1,500,776 ============ =========== Actuant Corporation Condensed Consolidated Statements of Earnings (Dollars in thousands except per share amounts) (Unaudited) Three Months Ended November 30, ------------------- 2007 2006 ------------------- Net sales $415,143 $342,983 Cost of products sold 274,309 229,938 ------------------- Gross profit 140,834 113,045 Selling, administrative and engineering expenses 81,296 67,154 Restructuring charge 5,521 109 Amortization of intangible assets 3,257 2,253 ------------------- Operating profit 50,760 43,529 Financing costs, net 9,300 6,841 Other (income) expense, net (1,110) 217 ------------------- Earnings from operations before income tax expense and minority interest 42,570 36,471 Income tax expense 15,149 11,379 Minority interest, net of income taxes (6) (10) ------------------- Net earnings $27,427 $25,102 =================== Earnings per share Basic $0.49 $0.46 Diluted 0.43 0.41 Weighted average common shares outstanding Basic 55,609 54,600 Diluted 64,654 63,434 Actuant Corporation Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) Three Months Ended November 30, ------------------------------- 2007 2006 --------------- --------------- Operating Activities Net earnings $27,427 $25,102 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 10,464 7,877 Amortization of debt discount and debt issuance costs 453 382 Stock-based compensation expense 1,603 1,417 Provision for deferred income taxes 6,386 (2,917) Loss/(gain) on disposal of assets (261) 122 Other (166) - Changes in operating assets and liabilities, excluding the effects of the business acquisitions Accounts receivable (22,767) (14,210) Increase in AR securitization program 4,924 3,152 Inventories (7,024) (6,357) Prepaid expenses and other assets (459) (1,372) Trade accounts payable 238 (5,755) Income taxes payable 2,452 5,377 Other accrued liabilities 4,047 (5,075) --------------- --------------- Net cash provided by operating activities 27,317 7,743 Investing Activities Proceeds from sale of property, plant and equipment 8,321 2,789 Capital expenditures (9,036) (6,516) Business acquisition, net of cash acquired (47,437) 273 --------------- --------------- Net cash used in investing activities (48,152) (3,454) Financing Activities Net borrowings (repayments) on revolving credit facilities and short-term borrowings 134 (1,860) Principal repayments on term loans (994) - Cash dividend (2,221) (2,187) Proceeds from early termination of interest rate swap 1,407 - Tax benefit from stock-based compensation 1,087 - Other 926 114 --------------- --------------- Net cash provided by (used in) financing activities 339 (3,933) Effect of exchange rate changes on cash 2,557 571 --------------- --------------- Net increase (decrease) in cash and cash equivalents (17,939) 927 Cash and cash equivalents - beginning of period 86,680 25,659 --------------- --------------- Cash and cash equivalents - end of period $68,741 $26,586 =============== =============== ACTUANT CORPORATION SUPPLEMENTAL UNAUDITED DATA (Dollars in thousands) FISCAL 2007 --------------------------------------------------- Q1 Q2 Q3 Q4 TOTAL --------------------------------------------------- SALES INDUSTRIAL SEGMENT $103,935 $96,501 $115,852 $122,855 $439,143 ELECTRICAL SEGMENT 122,017 123,599 127,653 132,439 505,708 ACTUATION SYSTEMS SEGMENT 105,654 97,656 111,768 104,367 419,445 ENGINEERED PRODUCTS SEGMENT 11,377 23,264 29,817 29,994 94,452 --------------------------------------------------- TOTAL $342,983 $341,020 $385,090 $389,655 $1,458,748 =================================================== % SALES GROWTH INDUSTRIAL SEGMENT 31% 34% 34% 22% 30% ELECTRICAL SEGMENT 16% 17% 17% 18% 17% ACTUATION SYSTEMS SEGMENT 19% 11% 2% 4% 9% ENGINEERED PRODUCTS SEGMENT 7% 120% 157% 159% 112% TOTAL 21% 24% 22% 20% 21% OPERATING PROFIT INDUSTRIAL SEGMENT $28,958 $24,203 $33,259 $34,865 $121,285 ELECTRICAL SEGMENT 9,357 9,535 10,341 10,851 40,084 ACTUATION SYSTEMS SEGMENT 8,614 7,954 10,994 9,562 37,124 ENGINEERED PRODUCTS SEGMENT 1,653 3,088 4,069 4,644 13,454 CORPORATE / GENERAL (4,944) (4,105) (5,756) (6,274) (21,079) --------------------------------------------------- TOTAL - EXCLUDING RESTRUCTURING CHARGE $43,638 $40,675 $52,907 $53,648 $190,868 EUROPEAN ELECTRICAL RESTRUCTURING CHARGE (109) (3,776) (434) (1,076) (5,395) --------------------------------------------------- TOTAL $43,529 $36,899 $52,473 $52,572 $185,473 =================================================== OPERATING PROFIT % INDUSTRIAL SEGMENT 27.9% 25.1% 28.7% 28.4% 27.6% ELECTRICAL SEGMENT 7.7% 7.7% 8.1% 8.2% 7.9% ACTUATION SYSTEMS SEGMENT 8.2% 8.1% 9.8% 9.2% 8.9% ENGINEERED PRODUCTS SEGMENT 14.5% 13.3% 13.6% 15.5% 14.2% TOTAL (INCLUDING CORPORATE) - EXCLUDING RESTRUCTURING CHARGE 12.7% 11.9% 13.7% 13.8% 13.1% EBITDA INDUSTRIAL SEGMENT $31,356 $26,475 $35,738 $39,156 $132,725 ELECTRICAL SEGMENT 11,543 11,404 12,355 13,501 48,803 ACTUATION SYSTEMS SEGMENT 11,339 10,928 14,179 12,547 48,993 ENGINEERED PRODUCTS SEGMENT 1,904 3,986 4,962 5,780 16,632 CORPORATE / GENERAL (4,844) (4,028) (5,822) (6,350) (21,044) --------------------------------------------------- TOTAL - EXCLUDING RESTRUCTURING CHARGE $51,298 $48,765 $61,412 $64,634 $226,109 EUROPEAN ELECTRICAL RESTRUCTURING CHARGE (109) (3,776) (434) (1,076) (5,395) --------------------------------------------------- TOTAL $51,189 $44,989 $60,978 $63,558 $220,714 =================================================== EBITDA % INDUSTRIAL SEGMENT 30.2% 27.4% 30.8% 31.9% 30.2% ELECTRICAL SEGMENT 9.5% 9.2% 9.7% 10.2% 9.7% ACTUATION SYSTEMS SEGMENT 10.7% 11.2% 12.7% 12.0% 11.7% ENGINEERED PRODUCTS SEGMENT 16.7% 17.1% 16.6% 19.3% 17.6% TOTAL (INCLUDING CORPORATE) - EXCLUDING RESTRUCTURING CHARGE 15.0% 14.3% 15.9% 16.6% 15.5% FISCAL 2008 --------------------------------------------------- Q1 Q2 Q3 Q4 TOTAL --------------------------------------------------- SALES INDUSTRIAL SEGMENT $137,089 $137,089 ELECTRICAL SEGMENT 133,962 133,962 ACTUATION SYSTEMS SEGMENT 112,899 112,899 ENGINEERED PRODUCTS SEGMENT 31,193 31,193 --------------------------------------------------- TOTAL $415,143 $415,143 =================================================== % SALES GROWTH INDUSTRIAL SEGMENT 32% 32% ELECTRICAL SEGMENT 10% 10% ACTUATION SYSTEMS SEGMENT 7% 7% ENGINEERED PRODUCTS SEGMENT 174% 174% TOTAL 21% 21% OPERATING PROFIT INDUSTRIAL SEGMENT $37,976 $37,976 ELECTRICAL SEGMENT 10,426 10,426 ACTUATION SYSTEMS SEGMENT 10,059 10,059 ENGINEERED PRODUCTS SEGMENT 4,235 4,235 CORPORATE / GENERAL (6,415) (6,415) --------------------------------------------------- TOTAL - EXCLUDING RESTRUCTURING CHARGE $56,281 $56,281 EUROPEAN ELECTRICAL RESTRUCTURING CHARGE (5,521) (5,521) --------------------------------------------------- TOTAL $50,760 $50,760 =================================================== OPERATING PROFIT % INDUSTRIAL SEGMENT 27.7% 27.7% ELECTRICAL SEGMENT 7.8% 7.8% ACTUATION SYSTEMS SEGMENT 8.9% 8.9% ENGINEERED PRODUCTS SEGMENT 13.6% 13.6% TOTAL (INCLUDING CORPORATE) - EXCLUDING RESTRUCTURING CHARGE 13.6% 13.6% EBITDA INDUSTRIAL SEGMENT $42,570 $42,570 ELECTRICAL SEGMENT 13,226 13,226 ACTUATION SYSTEMS SEGMENT 13,292 13,292 ENGINEERED PRODUCTS SEGMENT 5,399 5,399 CORPORATE / GENERAL (6,632) (6,632) --------------------------------------------------- TOTAL - EXCLUDING RESTRUCTURING CHARGE $67,855 $67,855 EUROPEAN ELECTRICAL RESTRUCTURING CHARGE (5,521) (5,521) --------------------------------------------------- TOTAL $62,334 $62,334 =================================================== EBITDA % INDUSTRIAL SEGMENT 31.1% 31.1% ELECTRICAL SEGMENT 9.9% 9.9% ACTUATION SYSTEMS SEGMENT 11.8% 11.8% ENGINEERED PRODUCTS SEGMENT 17.3% 17.3% TOTAL (INCLUDING CORPORATE) - EXCLUDING RESTRUCTURING CHARGE 16.3% 16.3% Note: All prior periods have been restated to include Milwaukee Cylinder as part of the Industrial Segment. Previously this business was part of the Engineered Products Segment. ACTUANT CORPORATION Reconciliation of GAAP measures to non-GAAP measures (Dollars in thousands, except for per share amounts) FISCAL 2007 --------------------------------------------------- Q1 Q2 Q3 Q4 TOTAL --------------------------------------------------- NET EARNINGS EXCLUDING RESTRUCTURING CHARGE AND TAX ADJUSTMENTS / CREDITS (1) NET EARNINGS (GAAP MEASURE) $25,102 $18,919 $29,580 $31,351 $104,952 RESTRUCTURING CHARGES, NET OF TAX BENEFIT 109 2,926 434 1,076 4,545 TAX ADJUSTMENTS / CREDITS - - - (1,580) (1,580) --------------------------------------------------- TOTAL (NON-GAAP MEASURE) $25,211 $21,845 $30,014 $30,847 $107,917 =================================================== DILUTED EARNINGS PER SHARE EXCLUDING RESTRUCTURING CHARGE AND TAX ADJUSTMENTS / CREDITS (1) NET EARNINGS (GAAP MEASURE) $0.41 $0.31 $0.47 $0.50 $1.69 RESTRUCTURING CHARGES, NET OF TAX BENEFIT - 0.05 0.01 0.02 0.07 TAX ADJUSTMENTS / CREDITS - - - (0.02) (0.02) --------------------------------------------------- TOTAL (NON-GAAP MEASURE) $0.41 $0.35 $0.48 $0.49 $1.73 =================================================== EBITDA (2) NET EARNINGS (GAAP MEASURE) $25,102 $18,919 $29,580 $31,351 $104,952 FINANCING COSTS, NET 6,841 8,268 9,076 8,816 33,001 INCOME TAX EXPENSE 11,379 8,956 13,146 13,300 46,781 DEPRECIATION & AMORTIZATION 7,877 8,844 9,165 10,137 36,023 MINORITY INTEREST, NET OF INCOME TAX (10) 2 11 (46) (43) --------------------------------------------------- EBITDA (NON- GAAP MEASURE) $51,189 $44,989 $60,978 $63,558 $220,714 EUROPEAN ELECTRICAL RESTRUCTURING CHARGE 109 3,776 434 1,076 5,395 --------------------------------------------------- EBITDA (NON- GAAP MEASURE) - EXCLUDING RESTRUCTURING CHARGE $51,298 $48,765 $61,412 $64,634 $226,109 =================================================== FISCAL 2008 --------------------------------------------------- Q1 Q2 Q3 Q4 TOTAL --------------------------------------------------- NET EARNINGS EXCLUDING RESTRUCTURING CHARGE AND TAX ADJUSTMENTS / CREDITS (1) NET EARNINGS (GAAP MEASURE) $27,427 $27,427 RESTRUCTURING CHARGES, NET OF TAX BENEFIT 5,521 5,521 TAX ADJUSTMENTS / CREDITS - - --------------------------------------------------- TOTAL (NON-GAAP MEASURE) $32,948 $32,948 =================================================== DILUTED EARNINGS PER SHARE EXCLUDING RESTRUCTURING CHARGE AND TAX ADJUSTMENTS / CREDITS (1) NET EARNINGS (GAAP MEASURE) $0.43 $0.43 RESTRUCTURING CHARGES, NET OF TAX BENEFIT 0.09 0.09 TAX ADJUSTMENTS / CREDITS - - --------------------------------------------------- TOTAL (NON-GAAP MEASURE) $0.52 $0.52 =================================================== EBITDA (2) NET EARNINGS (GAAP MEASURE) $27,427 $27,427 FINANCING COSTS, NET 9,300 9,300 INCOME TAX EXPENSE 15,149 15,149 DEPRECIATION & AMORTIZATION 10,464 10,464 MINORITY INTEREST, NET OF INCOME TAX (6) (6) --------------------------------------------------- EBITDA (NON- GAAP MEASURE) $62,334 $62,334 EUROPEAN ELECTRICAL RESTRUCTURING CHARGE 5,521 5,521 --------------------------------------------------- EBITDA (NON- GAAP MEASURE) - EXCLUDING RESTRUCTURING CHARGE $67,855 $67,855 =================================================== (1)Net earnings and diluted earnings per share excluding restructuring charges and income tax adjustments / credits represent net earnings and diluted earnings per share per the Consolidated Statement of Earnings net of charges or credits for items to be highlighted for comparability purposes. These measures should not be considered as an alternative to net earnings or diluted earnings per share as an indicator of the company's operating performance. However, this presentation is important to investors for understanding the operating results of the current portfolio of Actuant companies. The total of the individual components do not equal diluted earnings per share excluding restructuring charges and income tax adjustments / credits due to rounding. (2)EBITDA represents net earnings before financing costs,net, income tax expense, depreciation & amortization and minority interest. EBITDA is not a calculation based upon generally accepted accounting principles (GAAP). The amounts included in the EBITDA calculation, however, are derived from amounts included in the Consolidated Statements of Earnings data. EBITDA should not be considered as an alternative to net earnings or operating profit as an indicator of the company's operating performance, or as an alternative to operating cash flows as a measure of liquidity. Actuant has presented EBITDA because it regularly reviews this as a measure of the company's ability to incur and service debt. In addition, EBITDA is used by many of our investors and lenders, and is presented as a convenience to them. However, 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. CONTACT: Actuant Corporation Karen Bauer Director, Investor Relations 262-373-7462