Altra Reports Third-Quarter 2018 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
Delivers GAAP EPS of $0.42; Non-GAAP EPS was a Record Third Quarter of $0.64 Completes Transformative Combination with Four Businesses from Fortive’s Automation & Specialty Platform (“A&S”) Ahead of Plan; Concludes Favorable Round of Financing Updates Guidance to Reflect the Addition of A&S and the Transition to Adjusted EPS that Excludes Acquisition Related Amortization and Step-Up Depreciation Going Forward BRAINTREE, Mass., Oct. 25, 2018 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of electromechanical power transmission and motion control products, today announced unaudited financial results for the third quarter ended September 30, 2018. Financial Highlights Third-quarter 2018 net sales were $228.5 million, up 6.5% from $214.6 million in the third quarter of 2017. Excluding the negative impact of foreign currency translation, net sales were up 3.9% in Europe, down 4.1% in Asia and
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