Altra Industrial Motion (AIMC) Reports Inline Q3 EPS; Narrows FY16 Outlook; Approves $30M Stock Buyback Plan
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Altra Reports Third-Quarter 2016 Results
October 21, 2016 8:32 AM EDTImproved gross profit margin 80 bps
Narrows Full-Year 2016 Revenue and EPS Guidance
BRAINTREE, Mass., Oct. 21, 2016 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC), a global manufacturer and marketer of electromechanical power transmission and motion control products, today announced unaudited financial results for the third quarter ended September 30, 2016
Financial Highlights
Third-quarter 2016 net sales were $173.1 million, compared with $183.1 million in the third quarter of 2015, a decrease of 5.4%. The reduction in net sales was driven by an unfavorable impact from foreign exchange of 1.5% and an... More