Altra Reports Second Quarter 2021 Results
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: GlobeNewswire
Broad-Based Demand Strength Drives Record Quarterly Sales Raises 2021 Guidance BRAINTREE, Mass., July 23, 2021 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results for the second quarter ended June 30, 2021. Q2 2021 Financial Highlights Q2 2021Q2 2020YOY Change Net sales $488.6M$400.8M21.9% Q2 2021 Organic Sales growth* was 17.2% for the combined business compared with the second quarter of 2020.Q2 2021 Power Transmission Technologies (PTT) segment Organic Sales were up 16.1%; Automation & Specialty (A&S) segment Organic Sales were up 18.0% compared with the prior year.*Q2 2021 North America Organic Sales up 27.3%, Europe up 17.4% and Asia-Pacific/Rest of World down 2.9% compared with the prior year.* GAAP Net Income $40.8M$21.7M88.0%Non-GAAP Net Income*
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