Altra Industrial Motion (AIMC) Tops Q2 EPS by 4c, Sales Miss
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Altra Reports Second-Quarter 2018 Results
July 26, 2018 7:00 AM EDTBRAINTREE, Mass., July 26, 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 second quarter ended June 30, 2018.
Second-Quarter Financial Highlights
Net sales were $237.3 million, up 6.2% from $223.4 million in the second quarter of 2017. Excluding the positive impact of foreign currency translation, net sales were up 2.9% from the same quarter of 2017.Net income increased 23.4% to $19.0 million, or $0.65 per diluted share, from $15.4 million, or $0.53 per diluted share, in the second quarter of... More