Altra Industrial Motion (AIMC) Tops Q4 EPS by 2c, Offers FY Guidance

Altra Industrial Motion (NASDAQ: AIMC) reported Q4 EPS of $0.66, $0.02 better than the analyst estimate of $0.64. Revenue for the quarter came in at $441.9 million versus the consensus estimate of $440.8 million.

GUIDANCE:

Altra Industrial Motion sees FY2020 EPS of $2.40-$2.60, versus the consensus of $2.72. Altra Industrial Motion sees FY2020 revenue of $1.72-1.77 billion, versus the consensus of $1.77 billion.

• Full-year 2020 sales in the range of $1,720 - $1,770 million.
• GAAP diluted EPS in the range of $1.53 to $1.67.
• Non-GAAP diluted EPS in the range of $2.40 to $2.60.*
• Non-GAAP adjusted EBITDA in the range of $340 to $360 million.*
• Tax rate for the full year is expected to be approximately 22% to 24% before discrete items, capital expenditures in the range of $45 to $50 million, and depreciation and amortization in the range of $125 to $132 million.
• Expect to exit 2020 with leverage of 3.5x to 3.7x and pay down up to $150 million of debt.

For earnings history and earnings-related data on Altra Industrial Motion (AIMC) click here.

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