Fourth quarter fiscal 2012 Engineered Solutions segment sales decreased 10% from the prior year to $118 million. Excluding the 5% impact from acquisitions and negative 5% impact from foreign currency rate changes, core sales declined 14%. Fourth quarter sales reflected lower OEM production levels for heavy-duty trucks in China and Europe as well as a significant decline in automotive sales. Demand in the global agriculture and other off-highway equipment markets, as well as the North American heavy-duty truck market, moderated from recent quarters. Fourth quarter operating profit margin declined 400 basis points from the prior year due to the lower volumes.Corporate
Actuant Reports Fourth Quarter And Full Year Fiscal 2012 Results
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