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Actuant Corp (ATU) SEC Filing 10-K Annual report for the fiscal year ending Friday, August 31, 2018

Actuant Corp

CIK: 6955 Ticker: ATU

Exhibit 99.1

Actuant Provides Details of Business Segment Realignment

MILWAUKEE--(BUSINESS WIRE)--October 4, 2018--As previously announced, Actuant Corporation (the “Company”) has realigned its financial reporting segments. The change is effective for the Company’s fourth quarter of 2018. The realignment reflects changes in the operating structure of the Company with the combination of the Company’s tools and services business and all OEM-related businesses into two operating segments: Industrial Tools & Services (“IT&S”) and Engineered Components & Systems (“EC&S”), respectively.

The IT&S segment results from the consolidation of the former Industrial segment, excluding the Precision-Hayes business, with the Hydratight and Mirage businesses from the former Energy segment. The new segment concentrates on product sales and service as well as rental capabilities. Executive Vice President Jeff Schmaling will lead the segment.

The EC&S segment is comprised of the former Engineered Solutions segment and now includes the Precision-Hayes business and the former Energy segment businesses, Cortland and Viking (which was divested in the second quarter of Fiscal 2018). The segment is focused on highly engineered components for transportation, agricultural, construction and other vertical markets and will be led by Executive Vice President, Roger Roundhouse.

In addition, the Company’s reportable product lines are being reorganized into the following structure: IT&S product lines - Product and Service & Rental; and EC&S product lines - On-Highway; Agriculture, Off-Highway and Other; Rope & Cable Solutions; Concrete Tensioning; and Off-Shore Mooring (divested in connection with the sale of the Viking business). The product line reporting change is also effective for the Company’s fourth quarter of 2018.

For comparative purposes, the Company has included as an attachment to this release certain unaudited historical financial results for both the new and prior segment and product line reporting. The updated segment presentation will be reflected in the Company’s forthcoming Annual Report on Form 10-K. The segment and product line reorganizations do not impact the Company’s audited consolidated financial statements.


The following information was filed by Actuant Corp (ATU) on Friday, October 5, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Actuant Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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Inside Actuant Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (Parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (Parenthetical)
Acquisitions
Acquisitions (Tables)
Acquisitions - Additional Information (Detail)
Acquisitions Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed (Details)
Acquisitions Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed (Tables)
Basis Of Presentation
Business Segment, Geographic And Customer Information
Business Segment, Geographic And Customer Information (Tables)
Business Segment, Geographic And Customer Information - Additional Information (Detail)
Capital Stock (Details)
Capital Stock (Tables)
Capital Stock And Share Repurchases
Capital Stock Share Repurchases - Additional Information (Details)
Changes In Carrying Value Of Goodwill (Details)
Changes In Gross Liability For Unrecognized Tax Benefits, Excluding Interest And Penalties (Detail)
Changes In Projected Benefit Obligations, Fair Value Of Plan Assets And Funded Status Of Defined Benefit Pension Plans (Detail)
Comitments And Contingencies
Commitments And Contingencies - Additional Information (Detail)
Condensed Consolidating Balance Sheets (Detail)
Condensed Consolidating Statements Of Cash Flows (Detail)
Condensed Consolidating Statements Of Earnings (Detail)
Debt
Debt (Tables)
Debt - Additional Information (Detail)
Derivatives
Derivatives - Additional Information (Details)
Derivatives Gain (Loss) (Tables)
Director &Amp; Officer Transition Charges (Details)
Director &Amp; Officer Transition Charges (Notes)
Divestiture Activities
Divestiture Activities- Additional Information (Detail)
Divestitures Activities Schedule Of Assets And Liabilities Held For Sale (Details)
Divestitures Activities Schedule Of Assets And Liabilities Held For Sale (Tables)
Earnings Before Income Taxes, Including Both Continuing And Discontinued Operations (Detail)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans Employee Benefit Plans - Additional Information (Details)
Fair Value Measurements
Fair Value Measurements - Additional Information (Detail)
Financial Information From Continuing Operations By Geographic Region (Detail)
Funded Status Of Defined Benefit Pension Plans (Detail)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Additional Information (Details)
Gross Carrying Value And Accumulated Amortization Of Intangible Assets (Details)
Guarantor Subsidiaries
Guarantor Subsidiaries (Tables)
Guarantor Subsidiaries - Additional Information (Detail)
Income Tax Expense From Continuing Operations (Detail)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Leases
Leases - Additional Information (Details)
Long-Term Indebtedness (Detail)
Net Periodic Benefit Costs (Detail)
Proforma Results Of Operations (Detail)
Quarterly Financial Data (Detail)
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited) (Tables)
Quarterly Financial Data - Additional Information (Detail)
Reconciliation Of Changes In Accrued Product Warranty (Detail)
Reconciliation Of Income Taxes At Federal Statutory Rate To Effective Tax Rate (Detail)
Restructuring Charges (Details)
Restructuring Charges (Notes)
Restructuring Charges (Tables)
Stock Plans
Stock Plans (Tables)
Stocks Plans - Additional Information (Detail)
Summary Of Financial Information By Reportable Segment And Product Line (Detail)
Summary Of Restricted Stock Activity (Detail)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Summary Of Stock Option Activity (Detail)
Summary Of Weighted-Average Grant-Date Fair Value Of Options, Total Intrinsic Value Of Options Exercised, And Cash Receipts From Options Exercised (Detail)
Temporary Differences And Carryforwards Of Deferred Tax Assets And Liabilities (Detail)
U.S. Pension Plan Investment Allocations By Asset Category (Detail)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (Detail)
Weighted Average Assumptions Used To Determine Benefit Obligations And Net Periodic Benefit Cost (Detail)
Weighted-Average Assumptions (Detail)
Ticker: ATU
CIK: 6955
Form Type: 10-K Annual Report
Accession Number: 0000006955-18-000038
Submitted to the SEC: Mon Oct 29 2018 12:25:15 PM EST
Accepted by the SEC: Mon Oct 29 2018
Period: Friday, August 31, 2018
Industry: Misc Industrial And Commercial Machinery And Equipment

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