Applied Power presents to the New York Society of Security Analysts.NEW YORK--(BUSINESS WIRE)--October 19, 1995--The following is a summary of a presentation Thursday at the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Society of Security Analysts by Richard G. Sim, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Applied Power. Applied Power Inc. (APW APW All Pro Wrestling APW Altmar Parish Williamstown (School District; Parish, New York) APW Add-Printer Wizard (Microsoft Windows) APW Augmented Plane Wave APW Apparent Polar Wander - NYSE NYSE See: New York Stock Exchange ) presented its financial results for 1995 and an outlook for 1996 at a meeting of The New York Society of Security Analysts today. The presentation was made by Richard G. Sim, Chairman and CEO. Key highlights were as follows: Applied Power's recently released results for the fiscal year ended August 31, 1995 showed earnings per share from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $1.82, a 43 percent improvement over fiscal 1994. This represents Applied Power's second straight year of approximately 40 percent EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. growth. Sales for the year were a record $527.1 million, up 22 percent from fiscal 1994. Outstanding debt at August 31, 1995 totaled $87.0 million, down significantly from the $103.5 million outstanding at the beginning of the year. Debt to total capital declined from 45 percent to 37 percent during the year. Applied Power endorsed analyst's estimates for fiscal 1996 which target earnings improvement of approximately 40 percent on revenue growth of at least 10 percent. This outlook is driven by four principal factors. First, the Company is entering fiscal 1996 with fourth quarter revenue growth of 18 percent, which is occurring in all three business segments and in all geographic regions except Mexico. Second, it has many new product opportunities, principally in the Engineered Solutions and Wright Line businesses. Third, the recently completed Vision Plastics and NECON NECON National Electoral Commission of Nigeria acquisitions should add approximately $15.0 million to 1996 revenue. Fourth, cost reduction programs implemented in 1995 are expected to generate improved operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: in 1996. Applied Power is a world leader in industrial motion and position control applications and a pioneer in the marriage of hydraulic and vibration technologies with electronics. The Company is comprised of three business segments. Engineered Solutions, which includes the Power-Packer, APITECH and Barry Controls businesses, serves the automotive, truck, mobile equipment, marine, medical equipment, defense and aerospace markets. Distributed Products, consisting of Enerpac and GB Electrical, distributes a wide variety of high pressure hydraulic products and electrical tools and consumables worldwide. Wright Line provides technical furniture solutions for offices and laboratories. CONTACT: Applied Power Inc., Milwaukee Robert C. Arzbaecher, 414/781-6600 |
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