MILWAUKEE--(BUSINESS WIRE)--September 28, 2009--Actuant Corporation (NYSE:ATU) completed the sale of its Acme Aerospace and BH Electronics businesses during the fiscal quarter ended August 31, 2009. As a result of these divestitures, the Company has reclassified the historical operating results of these businesses to discontinued operations (see attachment).

On Wednesday September 30, 2009 the Company will be announcing financial results for its fourth quarter and fiscal year ended August 31, 2009. Results will include approximately $13 million of earnings from discontinued operations, net of income taxes, primarily reflecting the net gain on the divestitures noted above. During the quarter, the Company recognized an approximately $2 million pre-tax debt extinguishment charge upon the retirement of its bank term loan with the proceeds from its June equity offering. Excluding discontinued operations, restructuring costs and the debt extinguishment charge, the Company’s fourth quarter results from continuing operations will be within the $275-$295 million sales and $0.12-$0.20 diluted earnings per share guidance ranges it provided in its June 17, 2009 press release.

Actuant, headquartered in Butler, Wisconsin, is a diversified industrial company with operations in more than 30 countries. The Actuant businesses are market leaders in branded hydraulic and electrical tools and supplies, umbilical, rope and cable solutions as well as highly engineered position and motion control systems. The Company employs a workforce of approximately 6,000 worldwide. Actuant trades on the NYSE under the symbol ATU.

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. Actuant disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.

Actuant Corporation
Condensed Consolidated Statements of Operations - REVISED FOR DISCONTINUED OPERATIONS PRESENTATION
(Dollars in thousands except per share amounts)
(Unaudited)


		Three Months Ended							Twelve		Three Months Ended						Nine
		November 30,		February 29,		May 31,	August 31,		Months Ended		November 30,		February 28,		May 31,		Months Ended
		2007		2008		2008	2008		August 31, 2008		2008		2009		2009		May 31, 2009

Net sales		$ 400,999		$ 386,910		$ 431,811	$ 393,470		$ 1,613,190		$ 370,789		$ 293,799		$ 285,154		$ 949,742
Cost of products sold		263,827		256,003		281,092	251,219		1,052,141		240,564		199,291		189,793		629,648
	Gross profit	137,172		130,907		150,719	142,251		561,049		130,225		94,508		95,361		320,094

Selling, administrative and engineering expenses		79,574		81,129		86,762	83,144		330,609		73,676		73,002		63,841		210,518
Restructuring charges		5,521		4,952		-	-		10,473		674		3,039		10,473		14,186
Impairment charges		-		-		-	-		-		26,553		-		4,768		31,321
Amortization of intangible assets		3,031		3,235		3,797	3,870		13,933		4,231		4,983		5,132		14,346
	Operating profit	49,046		41,591		60,160	55,237		206,034		25,091		13,484		11,147		49,723

Financing costs, net		9,300		9,032		9,190	8,887		36,409		12,235		9,904		9,025		31,164
Other (income) expense, net		(1,110	)	(670	)	201	(1,412	)	(2,991	)	(534	)	(35	)	782		213
	Earnings from continuing operations before
	income tax expense and minority interest	40,856		33,229		50,769	47,762		172,616		13,390		3,615		1,340		18,346

Income tax expense (benefit)		14,537		11,738		12,959	14,182		53,416		1,497		(604	)	(1,907	)	(1,014	)
Minority interest, net of income taxes		(6	)	(7	)	37	(2	)	22		(5	)	(10	)	36		21

Earnings from continuing operations		26,325		21,498		37,773	33,582		119,178		11,898		4,229		3,211		19,339

Earnings (loss) from discontinued operations,
net of income taxes		1,102		741		862	661		3,366		(300	)	(985	)	(20,846	)	(22,131	)

Net earnings (loss)		$ 27,427		$ 22,239		$ 38,635	$ 34,243		$ 122,544		$ 11,598		$ 3,244		$ (17,635	)	$ (2,792	)

Earnings from continuing operations per share
	Basic	$ 0.47		$ 0.39		$ 0.68	$ 0.60		$ 2.14		$ 0.21		$ 0.08		$ 0.06		$ 0.34
	Diluted	0.42		0.34		0.59	0.53		1.88		0.19		0.08		0.06		0.33

Earnings (loss) per share
	Basic	$ 0.49		$ 0.40		$ 0.69	$ 0.61		$ 2.20		$ 0.21		$ 0.06		$ (0.31	)	$ (0.05	)
	Diluted	0.43		0.35		0.60	0.54		1.93		0.19		0.06		(0.27	)	(0.01	)

Weighted average common shares outstanding
	Basic	55,609		55,815		55,874	55,953		55,813		56,022		56,170		56,252		56,148
	Diluted	64,654		64,716		64,945	65,011		64,833		64,395		64,256		64,051		64,234

ACTUANT CORPORATION
SUPPLEMENTAL UNAUDITED DATA
(Dollars in thousands)

			FISCAL 2008										FISCAL 2009
			Q1		Q2		Q3		Q4		TOTAL		Q1		Q2		Q3		TOTAL
SALES
	INDUSTRIAL SEGMENT		$ 87,412		$ 87,344		$ 101,593		$ 98,149		$ 374,498		$ 90,524		$ 71,682		$ 62,843		$ 225,049
	ENERGY SEGMENT		49,677		43,458		58,442		60,823		212,400		73,982		59,526		62,251		195,759
	ELECTRICAL SEGMENT		130,130		126,705		126,865		112,745		496,445		102,898		89,719		83,752		276,369
	ENGINEERED SOLUTIONS SEGMENT		133,780		129,403		144,911		121,753		529,847		103,385		72,872		76,308		252,565
		TOTAL	$ 400,999		$ 386,910		$ 431,811		$ 393,470		$ 1,613,190		$ 370,789		$ 293,799		$ 285,154		$ 949,742

% SALES GROWTH
	INDUSTRIAL SEGMENT		37	%	33	%	38	%	30	%	34	%	4	%	-18	%	-38	%	-19	%
	ENERGY SEGMENT		24	%	41	%	38	%	29	%	32	%	49	%	37	%	7	%	29	%
	ELECTRICAL SEGMENT		2	%	-1	%	-5	%	-15	%	-5	%	-21	%	-29	%	-34	%	-28	%
	ENGINEERED SOLUTIONS SEGMENT		23	%	16	%	10	%	-1	%	11	%	-23	%	-44	%	-47	%	-38	%
		TOTAL	18	%	15	%	13	%	4	%	12	%	-8	%	-24	%	-34	%	-22	%

OPERATING PROFIT (LOSS)
	INDUSTRIAL SEGMENT		$ 25,662		$ 25,990		$ 31,054		$ 31,103		$ 113,809		$ 26,107		$ 15,972		$ 15,597		$ 57,676
	ENERGY SEGMENT		12,314		6,767		12,638		16,266		47,985		15,647		5,895		11,772		33,314
	ELECTRICAL SEGMENT		10,299		11,044		8,546		5,121		35,010		5,896		2,404		3,119		11,419
	ENGINEERED SOLUTIONS SEGMENT		12,707		10,485		16,125		11,296		50,613		7,865		(2,735	)	991		6,121
	CORPORATE / GENERAL		(6,415	)	(7,743	)	(8,203	)	(8,549	)	(30,910	)	(3,197	)	(5,013	)	(4,815	)	(13,025	)
		TOTAL - EXCLUDING IMPAIRMENT / RESTRUCTURING CHARGES	$ 54,567		$ 46,543		$ 60,160		$ 55,237		$ 216,507		$ 52,318		$ 16,523		$ 26,664		$ 95,505
	IMPAIRMENT CHARGES		-		-		-		-		-		(26,553	)	-		(4,768	)	(31,321	)
	RESTRUCTURING CHARGES (1)		(5,521	)	(4,952	)	-		-		(10,473	)	(674	)	(3,039	)	(10,749	)	(14,462	)
		TOTAL	$ 49,046		$ 41,591		$ 60,160		$ 55,237		$ 206,034		$ 25,091		$ 13,484		$ 11,147		$ 49,723

OPERATING PROFIT %
	INDUSTRIAL SEGMENT		29.4	%	29.8	%	30.6	%	31.7	%	30.4	%	28.8	%	22.3	%	24.8	%	25.6	%
	ENERGY SEGMENT		24.8	%	15.6	%	21.6	%	26.7	%	22.6	%	21.1	%	9.9	%	18.9	%	17.0	%
	ELECTRICAL SEGMENT		7.9	%	8.7	%	6.7	%	4.5	%	7.1	%	5.7	%	2.7	%	3.7	%	4.1	%
	ENGINEERED SOLUTIONS SEGMENT		9.5	%	8.1	%	11.1	%	9.3	%	9.6	%	7.6	%	-3.8	%	1.3	%	2.4	%
		TOTAL (INCLUDING CORPORATE) - EXCLUDING IMPAIRMENT / RESTRUCTURING CHARGES	13.6	%	12.0	%	13.9	%	14.0	%	13.4	%	14.1	%	5.6	%	9.4	%	10.1	%

EBITDA
	INDUSTRIAL SEGMENT		$ 28,017		$ 27,840		$ 32,617		$ 32,599		$ 121,073		$ 27,139		$ 17,058		$ 18,208		$ 62,405
	ENERGY SEGMENT		14,553		9,546		15,771		20,399		60,269		21,671		11,492		15,080		48,243
	ELECTRICAL SEGMENT		12,929		13,293		10,863		7,163		44,248		7,103		3,440		5,307		15,850
	ENGINEERED SOLUTIONS SEGMENT		16,894		14,707		19,756		16,051		67,408		12,412		1,264		3,915		17,591
	CORPORATE / GENERAL		(6,632	)	(7,522	)	(7,991	)	(8,163	)	(30,308	)	(3,110	)	(4,058	)	(4,237	)	(11,405	)
		TOTAL - EXCLUDING IMPAIRMENT / RESTRUCTURING CHARGES	$ 65,761		$ 57,864		$ 71,016		$ 68,049		$ 262,690		$ 65,215		$ 29,196		$ 38,273		$ 132,684
	IMPAIRMENT CHARGES		-		-		-		-		-		(26,553	)	-		(4,768	)	(31,321	)
	RESTRUCTURING CHARGES (1)		(5,521	)	(4,952	)	-		-		(10,473	)	(674	)	(3,039	)	(10,749	)	(14,462	)
		TOTAL	$ 60,240		$ 52,912		$ 71,016		$ 68,049		$ 252,217		$ 37,988		$ 26,157		$ 22,756		$ 86,901

EBITDA %
	INDUSTRIAL SEGMENT		32.1	%	31.9	%	32.1	%	33.2	%	32.3	%	30.0	%	23.8	%	29.0	%	27.7	%
	ENERGY SEGMENT		29.3	%	22.0	%	27.0	%	33.5	%	28.4	%	29.3	%	19.3	%	24.2	%	24.6	%
	ELECTRICAL SEGMENT		9.9	%	10.5	%	8.6	%	6.4	%	8.9	%	6.9	%	3.8	%	6.3	%	5.7	%
	ENGINEERED SOLUTIONS SEGMENT		12.6	%	11.4	%	13.6	%	13.2	%	12.7	%	12.0	%	1.7	%	5.1	%	7.0	%
		TOTAL (INCLUDING CORPORATE) - EXCLUDING IMPAIRMENT / RESTRUCTURING CHARGES	16.4	%	15.0	%	16.4	%	17.3	%	16.3	%	17.6	%	9.9	%	13.4	%	14.0	%

Note: The total of the individual quarters may not equal the annual total due to rounding.

(1) The restructuring charge for the third quarter of fiscal 2009 and year-to-date fiscal 2009 includes $276 of charges included in cost of products sold on the Condensed Consolidated Statements of Operations.

ACTUANT CORPORATION
Reconciliation of GAAP measures to non-GAAP measures
(Dollars in thousands, except for per share amounts)

			FISCAL 2008										FISCAL 2009
			Q1		Q2		Q3		Q4		TOTAL		Q1		Q2		Q3		TOTAL
NET EARNINGS (LOSS), EXCLUDING RESTRUCTURING CHARGES,
IMPAIRMENT CHARGES, INCOME TAX ADJUSTMENTS / CREDITS,
DEBT EXTINGUISHMENT CHARGES, AND DISCONTINUED OPERATIONS (1)
	NET EARNINGS (LOSS) (GAAP MEASURE)		$ 27,427		$ 22,239		$ 38,635		$ 34,243		$ 122,544		$ 11,598		$ 3,244		$ (17,635	)	$ (2,792	)
		RESTRUCTURING CHARGES, NET OF TAX BENEFIT	5,521		4,729		-		-		10,250		481		2,028		7,173		9,682
		IMPAIRMENT CHARGES, NET OF TAX BENEFIT	-		-		-		-		-		16,463		-		2,981		19,444
		TAX ADJUSTMENTS / CREDITS	-		-		(2,625	)	-		(2,625	)	-		-		-		-
		DEBT EXTINGUISHMENT CHARGES, NET OF TAX BENEFIT	-		-		-		-		-		(236	)	-		-		(236	)
		DISCONTINUED OPERATIONS, NET OF TAX BENEFIT	(1,102	)	(741	)	(862	)	(661	)	(3,366	)	300		985		20,846		22,131
	TOTAL (NON-GAAP MEASURE)		$ 31,846		$ 26,227		$ 35,148		$ 33,582		$ 126,803		$ 28,606		$ 6,257		$ 13,365		$ 48,228

DILUTED EARNINGS (LOSS) PER SHARE, EXCLUDING RESTRUCTURING CHARGES,
IMPAIRMENT CHARGES, INCOME TAX ADJUSTMENTS / CREDITS,
DEBT EXTINGUISHMENT CHARGES, AND DISCONTINUED OPERATIONS (1)
	NET EARNINGS (LOSS) (GAAP MEASURE)		$ 0.43		$ 0.35		$ 0.60		$ 0.54		$ 1.93		$ 0.19		$ 0.06		$ (0.27	)	$ (0.01	)
		RESTRUCTURING CHARGES, NET OF TAX BENEFIT	0.09		0.07		-		-		0.16		0.01		0.03		0.11		0.15
		IMPAIRMENT CHARGES, NET OF TAX BENEFIT	-		-		-		-		-		0.26		-		0.05		0.30
		TAX ADJUSTMENTS / CREDITS	-		-		(0.04	)	-		(0.04	)	-		-		-		-
		DEBT EXTINGUISHMENT CHARGES, NET OF TAX BENEFIT	-		-		-		-		-		(0.00	)	-		-		(0.00	)
		DISCONTINUED OPERATIONS, NET OF TAX BENEFIT	(0.01	)	(0.01	)	(0.01	)	(0.01	)	(0.04	)	0.00		0.02		0.33		0.34
	TOTAL (NON-GAAP MEASURE)		$ 0.51		$ 0.41		$ 0.55		$ 0.53		$ 2.00		$ 0.45		$ 0.11		$ 0.22		$ 0.78

EBITDA (2)
	NET EARNINGS (LOSS) (GAAP MEASURE)		$ 27,427		$ 22,239		$ 38,635		$ 34,243		$ 122,544		$ 11,598		$ 3,244		$ (17,635	)	$ (2,792	)
		FINANCING COSTS, NET	9,300		9,032		9,190		8,887		36,409		12,235		9,904		9,025		31,164
		INCOME TAX EXPENSE	14,537		11,738		12,959		14,182		53,416		1,497		(604	)	(1,907	)	(1,014	)
		DEPRECIATION & AMORTIZATION	10,084		10,651		11,057		11,400		43,192		12,363		12,638		12,391		37,391
		MINORITY INTEREST, NET OF INCOME TAX	(6	)	(7	)	37		(2	)	22		(5	)	(10	)	36		21
		DISCONTINUED OPERATIONS, NET OF TAX BENEFIT	(1,102	)	(741	)	(862	)	(661	)	(3,366	)	300		985		20,846		22,131
		EBITDA (NON-GAAP MEASURE)	$ 60,240		$ 52,912		$ 71,016		$ 68,049		$ 252,217		$ 37,988		$ 26,157		$ 22,756		$ 86,901
		IMPAIRMENT CHARGES	-		-		-		-		-		26,553		-		4,768		31,321
		RESTRUCTURING CHARGES	5,521		4,952		-		-		10,473		674		3,039		10,749		14,462
		EBITDA (NON-GAAP MEASURE) - EXCLUDING DISCONTINUED OPERATIONS,
		IMPAIRMENT, AND RESTRUCTURING CHARGES	$ 65,761		$ 57,864		$ 71,016		$ 68,049		$ 262,690		$ 65,215		$ 29,196		$ 38,273		$ 132,684

(1)		Net earnings and diluted earnings per share excluding restructuring charges, impairment charges, income tax adjustments / credits, debt extinguishment charges and discontinued operations represent net earnings and diluted earnings per share per the Condensed Consolidated Statements of Operations 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 may not equal due to rounding.

(2)		EBITDA represents net earnings before financing costs, net, income tax expense, depreciation & amortization, minority interest and discontinued operations. 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 Condensed Consolidated Statements of Operations 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. The total of the individual quarters may not equal the annual total due to rounding.

CONTACT:
Actuant Corporation
Karen Bauer
Director, Investor Relations
262-373-7462