Altra Reports Second-Quarter 2020 Results
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Altra Industrial Motion (AIMC) Tops Q2 EPS by 29c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
July 24, 2020 7:04 AM EDTAltra Industrial Motion (NASDAQ: AIMC) reported Q2 EPS of $0.60, $0.29 better than the analyst estimate of $0.31. Revenue for the quarter came in at $400.8 million versus the consensus estimate of $368.01 million.
Q2 Financial Highlights
Second-quarter 2020 net sales were $400.8 million compared with $466.5 million in the second-quarter of 2019. Second-quarter 2020 organic sales were down 12.5% compared with the second-quarter of 2019. Excluding the impact of foreign currency translation, Power Transmission Technologies (PTT) segment sales were down 14.9% and Automation & Specialty (A&S) segment sales were down 10.3% compared with the prior year.*For the second-quarter of 2020, the Company reported net... More