Actuant Announces Third Quarter Earnings Release; Revises Outlook

MILWAUKEE–(BUSINESS WIRE)–Actuant Corporation (NYSE:ATU) will release third quarter 2017 earnings
at 7:00 am CT (8:00 am ET) on Wednesday, June 21, 2017. Later that day,
Actuant will host a conference call and webcast at 10:00 am CT (11:00 am
ET) to discuss these results.

The Company stated that total revenue and the core sales rate of change
for the third fiscal quarter are anticipated to be in line with its
previously provided guidance of $290-300 million and -2 to +1%,
respectively. The Company experienced continued favorable market demand
in the Industrial and Engineered Solutions segments with sales and
margins at or above expectations. However, the Energy segment’s customer
maintenance activity and spending levels, as well as upstream offshore
demand weakened significantly, resulting in operating margins well below
expectations. The Company now expects third quarter adjusted EPS to be
in the range of $0.30-0.33, down from the previously provided adjusted
EPS guidance range of $0.38-0.43. The Company is currently evaluating
its fourth quarter and full year guidance in light of this, and updated
expectations and commentary will be provided it its third quarter
earnings release and call.

Randy Baker, President and CEO stated, “While there is no doubt that
delivering results below our earnings guidance is a setback in our
timetable for establishing renewed credibility at Actuant, there is
equally no doubt that we must focus on investing in the business from
both a commercial and operational standpoint. These actions, combined
with active portfolio management, will position the Company for
long-term success regardless of market conditions.”

About Actuant

Actuant Corporation is a diversified industrial company serving
customers from operations in more than 30 countries. The Actuant
businesses are leaders in a broad array of niche markets including
branded hydraulic tools and solutions, specialized products and services
for energy markets and highly engineered position and motion control
systems. The Company was founded in 1910 and is headquartered in
Menomonee Falls, Wisconsin. Actuant trades on the NYSE under the symbol
ATU. For further information on Actuant and its businesses, visit actuant.com.

Safe Harbor

Certain of the above comments represent forward-looking statements made
pursuant to the provisions of the Private Securities Litigation Reform
Act. Management cautions that these statements are based on current
estimates of future performance and are highly dependent upon a variety
of factors, which could cause actual results to differ from these
estimates. Actuant’s results are also subject to general economic
conditions, variation in demand from customers, the impact of
geopolitical activity on the economy, continued market acceptance of the
Company’s new product introductions, the successful integration of
acquisitions, restructuring activities, operating margin risk due to
competitive pricing and operating efficiencies, supply chain risk,
material and labor cost increases, foreign currency fluctuations and
interest rate risk. See the Company’s Form 10-K filed with the SEC for
further information regarding risk factors. Actuant disclaims any
obligation to publicly update or revise any forward-looking statements
as a result of new information, future events or any other reason.

Non-GAAP Measure

“Adjusted EPS” in this release refers to GAAP diluted earnings per share
excluding one-time items such as restructuring and transition charges,
impairment costs, unusual tax gains & losses, etc. These items, if
applicable, will be quantified in the third quarter earnings press
release and in the Form 10-Q for the 2017 third fiscal quarter.

Contacts

Actuant Corporation
Karen Bauer
Communications & Investor
Relations Leader
262-293-1562