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Actuant Corp (ATU) SEC Filing 10-K Annual report for the fiscal year ending Friday, August 31, 2012

Actuant Corp

CIK: 6955 Ticker: ATU

Exhibit 99.1

Actuant Reports Fourth Quarter and Full Year Fiscal 2012 Results

MILWAUKEE--(BUSINESS WIRE)--September 27, 2012--Actuant Corporation (NYSE: ATU) today announced results for its fourth quarter and fiscal year ended August 31, 2012.

Highlights

  • Fourth quarter diluted earnings per share (“EPS”) of $0.55, an increase of 10% year-over-year. For the full year, EPS increased 24% to $2.08 from $1.68 in the prior year (all periods represent results from continuing operations, excluding special items - see attached reconciliation of earnings.)
  • Core sales growth of 3% and 5% for the fourth quarter and full year, respectively (total sales less the impact of acquisitions, divestitures and foreign currency rate changes) with solid growth in three of the four segments.
  • Year-over-year operating profit margin expansion (excluding the previously announced impairment charge) of 20 basis points for the fourth quarter and 110 basis points for the full year.
  • Cash flow from operations of $53 million for the fourth quarter and a record $182 million for fiscal 2012.
  • Completed the acquisition of CrossControl in the fourth quarter, improving the technology positioning of Maxima. Deployed a total of $70 million on three tuck-in acquisitions during fiscal 2012.
  • Repurchased 2.7 million common shares in fiscal 2012 for $63 million including 0.9 million shares for $24 million in the fourth quarter.
  • Updated full year fiscal 2013 guidance with revised sales and EPS ranges of $1.68-1.72 billion and $2.20-2.30, respectively, excluding the impact of future acquisitions and potential share repurchases.

Robert C. Arzbaecher, Chairman and CEO of Actuant commented, “We closed out fiscal 2012 with fourth quarter results at the high end of our expectations, excluding the impairment charge. As anticipated, core sales growth moderated but was positive in the majority of the portfolio. We successfully converted on this sales growth and achieved a 10% increase in EPS despite the toughest comparables of the year from a foreign currency perspective. Our cash flow was outstanding and helped drive free cash flow to net income conversion in excess of 100% for the 12th consecutive year.”


The following information was filed by Actuant Corp (ATU) on Thursday, September 27, 2012 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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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 Earnings
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Accounts Receivable Securitization
Accounts Receivable Securitization - Additional Information (detail)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (detail)
Accumulated Other Comprehensive Loss (tables)
Acquisitions
Acquisitions (tables)
Acquisitions - Additional Information (detail)
Basic And Diluted Earnings Per Share (detail)
Basic And Diluted Earnings Per Share (parenthetical) (detail)
Business Segment, Geographic And Customer Information
Business Segment, Geographic And Customer Information (tables)
Business Segment, Geographic And Customer Information - Additional Information (detail)
Capital Stock
Capital Stock (tables)
Capital Stock - Additional Information (detail)
Changes In Carrying Value Of Goodwill (detail)
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)
Condensed Consolidating Balance Sheets (detail)
Condensed Consolidating Statements Of Cash Flows (detail)
Condensed Consolidating Statements Of Cash Flows (parenthetical) (detail)
Condensed Consolidating Statements Of Earnings (detail)
Contingencies And Litigation
Contingencies And Litigation - Additional Information (detail)
Debt
Debt (tables)
Debt - Additional Information (detail)
Discontinued Operations
Discontinued Operations (tables)
Discontinued Operations - Additional Information (detail)
Earnings Before Income Taxes, Including Both Continuing And Discontinued Operations (detail)
Employee Benefit Plans
Employee Benefit Plans (tables)
Employee Benefit Plans - Additional Information (detail)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (detail)
Fair Value Of Financial Assets And Liabilities Included In Condensed Consolidated Balance Sheet (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 (detail)
Gross Carrying Value And Accumulated Amortization Of Intangible Assets (detail)
Guarantor Subsidiaries
Guarantor Subsidiaries (tables)
Guarantor Subsidiaries - Additional Information (detail)
Impairment Charges
Impairment Charges - Additional Information (detail)
Income Tax Expense From Continuing Operations (detail)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Leases
Leases - Additional Information (detail)
Long-term Indebtedness (detail)
Long-term Indebtedness (parenthetical) (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)
Reconciliation Of Income Taxes At Federal Statutory Rate To Effective Tax Rate (parenthetical) (detail)
Restructuring
Restructuring - Additional Information (detail)
Results Of Discontinued Operations (detail)
Results Of Discontinued Operations (parenthetical) (detail)
Stock Plans
Stock Plans (tables)
Stocks Plans - Additional Information (detail)
Summary Of Estimated Fair Values Of Assets Acquired And Liabilities Assumed (detail)
Summary Of Financial Information By Reportable Segment And Product Line (detail)
Summary Of Restricted Stock Activity (detail)
Summary Of Significant Accounting Policies
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: 0001193125-12-437816
Submitted to the SEC: Fri Oct 26 2012 5:01:33 PM EST
Accepted by the SEC: Fri Oct 26 2012
Period: Friday, August 31, 2012
Industry: Misc Industrial And Commercial Machinery And Equipment

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