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May 30, 2014
16:02 EDTATUActuant will not provide guidance with Q3 earnings report
The company announced that it will be changing its timing for providing earnings guidance. While it will continue to provide annual and quarterly sales and earnings guidance, it will first provide initial annual guidance with its fiscal year-end earnings release, as is common practice in the industry, and not with its Q3 earnings, which has been its historical practice. This decision was made to eliminate duplicate forecasting processes and to more closely align the timing with the annual planning process. As such, the company plans to provide its FY15 guidance on its year-end earnings release which is scheduled for October 2.
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