Earnings - 17th June 2009

7:35AM Actuant beats by $0.10, reports revs in-line; guides Q4 EPS in-line, revs in-line; guides FY09 EPS above consensus, revs in-line (ATU) 13.20 : Reports Q3 (May) earnings of $0.20 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $0.10; revenues fell 34.8% year/year to $290 mln vs the $291.3 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.12-0.20 vs. $0.16 consensus; sees Q4 revs of $275-295 mln vs. $290.74 mln consensus. Co issues guidance for FY09, sees EPS of $0.87-0.95 vs. $0.84 consensus; sees FY09 revs of $1.245-1.265 bln vs. $1.26 bln consensus.

6:53AM Scotts Miracle-Gro increases FY09 EPS guidance; expects sales to increase 7-8% (SMG) 35.02 : Co issues upside guidance for Q3 (Jun), sees EPS of $2.35-2.45 (previous range $2.10-2.30), excluding non-recurring items, vs. $2.15 First Call consensus. 2009 free cash flow outlook improves to a minimum of $180.0 mln. Consumer purchases of the co's products in the U.S., as measured by point-of-sale data from its largest retail partners, were up 17% on a fiscal year-to-date basis through the end of May, with particular strength in gardening-related categories. Consumer purchases of media products improved 23% through May compared with the same period last year. Consumer purchases of lawn fertilizer increased 19%. Similar trends remained in place through the first half of June. Scotts LawnService is now expected to report strong earnings improvement despite lower year/year revenue and customer count. Co-wide sales are expected to increase 7-8%, excluding impact of recall and registration matters and F/X.