Actuant Corp., supplier of Power Gear brand leveling and slideout systems, warned Wall Street today (Feb. 23) that its second fiscal quarter revenue will be lower due to slow RV industry sales.

“The majority of the shortfall is taking place in the RV market, where our sales are running 50% below last year’s record pace,” said Robert Arzbaecher, president and CEO of the Milwaukee-based company, formerly know as Applied Power Inc. “We had expected the year-to-year RV comparison to be negative for the quarter (ending Feb. 28), but the dramatic slowdown in the new recreational vehicle build schedules at our customers is more severe than we had anticipated.”

Actuant expects its RV industry sales revenue for the December-through-February period to be around $8.5 million. Its RV-related sales during the same period a year earlier was a record $17.3 million.