Diversified manufacturer Actuant Corp. today (Sept. 26) announced record sales and earnings for its fiscal fourth quarter and year-end, driven by “strong base business growth and sales from acquired businesses.”
For the quarter, ended Aug. 31, Actuant had net income of $25.2 million compared to $19.1 million a year ago while sales increased approximately 21% to $324.6 million from $269.4 million.
Net income for fiscal 2006 was $92.6 million compared to $71.3 million the prior year as sales increased 23% to $1.2 billion from $976 million.
Included in the earnings report, the Butler, Wis.-based company noted that its RV interests incurred “below average margins” in the fourth quarter. Actuant is parent to slideout- and leveling-system-maker Power Gear, and component and step supplier Kwikee Products Inc., Cottage Grove, Ore.
The core market for the global company, which employs more than 6,300 workers, is position and motion control systems and branded hydraulic and electrical tools and supplies.