Altra Industrial Motion (AIMC) Reports In-Line Q4 EPS
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Altra Reports Fourth-Quarter 2017 Results
February 21, 2018 7:00 AM ESTBRAINTREE, Mass., Feb. 21, 2018 (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 fourth quarter ended December 31, 2017.
Financial Highlights
Fourth-quarter 2017 net sales were $223.3 million, up 29.4% from $172.6 million in the fourth quarter of 2016. Excluding the impact of the Stromag acquisition, fourth-quarter net sales were up 9.1% from the same quarter of 2016.Fourth-quarter net income was $12.4 million, or $0.43 per diluted share, compared with $1.7 million, or $0.06 per diluted share, in the... More