Altra Industrial Motion (AIMC) Declares $0.17 Quarterly Dividend; 1.9% Yield

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Go back to Altra Industrial Motion (AIMC) Declares $0.17 Quarterly Dividend; 1.9% Yield

Altra Industrial Motion (AIMC) Tops Q1 EPS by 8c, Revenues Beat; Reiterates FY19 EPS/Revenue Outlook

April 26, 2019 7:10 AM EDT

Altra Industrial Motion (NASDAQ: AIMC) reported Q1 EPS of $0.80, $0.08 better than the analyst estimate of $0.72. Revenue for the quarter came in at $482.8 million versus the consensus estimate of $478.53 million.

Financial Highlights

First-quarter 2019 net sales were $482.8 million, up 101% from $240.4 million in the first quarter of 2018. Organic sales growth was 1.6% for the combined business on an unaudited pro forma basis, compared to the first quarter of 2018.*First-quarter net income was $35.2 million, or $0.55 per diluted share, compared with $9.0 million, or $0.31 per diluted share, in the first quarter of 2018. Non-GAAP net income in the first... More