Business & Tech
Falls Based Actuant Corp. Takes Dip in Net Income
The company took a 12 percent dip in the second quarter.
Actuant Corporation, a Menomonee Falls based industrial products company, had a second-quarter net income dip of 12 percent, reported the Associated Press.
The company still did better than expected by Wall Street, however, the company did cut its full-year earnings and revenue forecasts.
The first three months this year Actuant earned $28.4 million. Last year at the same time the company earned $32.2 million.
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In 2010, the village attracted large-scale developments that included Actuant, as well as, Radisson Hotel & RBG Restaurant, WE Energies service center, Grace Evangelical Lutheran Church and Breezy Hill Nursery.
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