Edited Transcript of AIMC earnings conference call or presentation 24-Oct-19 2:00pm GMT [Yahoo! Finance News]
Altra Industrial Motion Corp. (AIMC)
Last altra industrial motion corp. earnings: 4/30 07:00 am
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US:NASDAQ Investor Relations:
ir.altramotion.com/investor-relations
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Source: Yahoo! Finance News
Edited Transcript of AIMC earnings conference call or presentation 24-Oct-19 2:00pm GMT Q3 sales grew 94% year-over-year to $442.9 million, reflecting the addition of the A&S segment. On a pro forma basis, organic sales declined 3.6% due to softer-than-expected demand from some end markets, most notably the heavy-duty truck market in North America as well as reduced demand in key geographies such as Germany and China as a result of the trade dispute with China. At the same time, we are encouraged by our operating margin performance. Despite a sequential revenue decline of 500 basis points, Q3 operating margin was only down 40 basis points as the benefits of our cost actions and synergies helped mitigate the impact of the top line decline. As we navigate through the current macro headwinds, we're focused on cost containment while working to ensure that we protect the long-term growth opportunities for our business. Excluding the effects of foreign exchange, net sales for the PTT segmen
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