Altra Reports Second-Quarter 2019 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
Company Research
Source: GlobeNewswire
Q2 Sales of $466.5M up 97% Year-over-Year Reflecting Addition of Automation & Specialty (“A&S”) Business On Track to Exceed 2019 Synergy Targets and achieve debt reduction target Resetting 2019 Guidance to Align with Market Conditions BRAINTREE, Mass., July 25, 2019 (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, 2019. Except where otherwise noted, financial results for the second quarter of 2019 include the A&S business whereas results for the prior year period do not include financial results of the A&S business on a proforma basis. Second Quarter Financial Highlights Second-quarter 2019 net sales were $466.5 million, up 97% from $237.3 million in the second quarter of 2018. Organic sales were down 2.7% for the comb
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