<ARTICLE> 5
<LEGEND> This schedule contains restated summary financial information extracted
from the audited financial statements of Applied Power Inc. for the year ended
August 31, 1997 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<RESTATED>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                         AUG-31-1997
<PERIOD-END>                              AUG-31-1997
<CASH>                                          5,846
<SECURITIES>                                        0
<RECEIVABLES>                                  89,026
<ALLOWANCES>                                    4,329
<INVENTORY>                                   115,761
<CURRENT-ASSETS>                              225,906
<PP&E>                                        191,336
<DEPRECIATION>                                100,756
<TOTAL-ASSETS>                                463,592
<CURRENT-LIABILITIES>                         128,274
<BONDS>                                       101,663
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                        2,763
<OTHER-SE>                                    201,346
<TOTAL-LIABILITY-AND-EQUITY>                  463,592
<SALES>                                       672,316
<TOTAL-REVENUES>                              672,316
<CGS>                                         419,420
<TOTAL-COSTS>                                 419,420
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                             12,003
<INCOME-PRETAX>                                62,743
<INCOME-TAX>                                   20,705
<INCOME-CONTINUING>                            42,038
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                   42,038
<EPS-PRIMARY>                                    1.53
<EPS-DILUTED>                                    1.46