Milwaukee-based Actuant Corporation reported it's fiscal 2014 year-end sales numbers on Wednesday, showing a 9.4 percent increase to $1.4 billion. That number was $1.28 billion a year ago.
Net profit jumped from $30 million in 2013 to $163 million this year. Fourth quarter sales were up 8 percent from last year to $354 million. Net profit for the fourth quarter decreased 39 percent to $35.6 million.
Core sales declines 1 percent, with acquisitions, net of divestitures, adding 7 percent, and foreign currency translation of 2 percent.
Actuant is a $1.3B 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.