The Butler-based maker of industrial tools, electrical supplies, and motion-control systems signaled last week it would report lower- than-forecast sales and earnings for the quarter. It also took restructuring charges of $12 million. The company estimates fiscal fourth-quarter earnings per share of 12 to 20 cents on sales of $275 million to $295 million. Full-year sales and earnings are expected to be 87 to 95 cents a share on sales of $1.245 billion to $1.265 billion, excluding restructuring charges. After earnings were released Wednesday, Actuant shares rose $1.51, or 11.4%, to close at $14.71.

3rd quarter %

5/31 2009 2008 change

Sales $290.4 $444.7 -34.7

Net income -17.6 38.6 n.a.

EPS (diluted) 0.31 0.60 n.a.

9 months

Sales $970.1 $1,259.4 -23.0

Net income -2.79 88.3 n.a.

EPS (diluted) 0.05 1.39 n.a.

Figures in millions except for earnings per share. Percentages are based on unrounded sales and income figures.

Copyright 2009, Journal Sentinel Inc. All rights reserved. (Note: This notice does not apply to those news items already copyrighted and received through wire services or other media.)

(c) 2009 Milwaukee Journal Sentinel. Provided by ProQuest LLC. All rights Reserved.

A service of YellowBrix, Inc.