Altra Industrial Motion (AIMC) Tops Q2 EPS by 29c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
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Altra Reports Second-Quarter 2020 Results
July 24, 2020 7:00 AM EDTQ2 Financial Performance Exceeds Sales and Profitability Expectations
Proactive Cost Management Supports Strong Operating Cash Flow
Reduced Debt by $24 Million; Repaid 100% of Revolving Credit Line
Raises 2020 Guidance
BRAINTREE, Mass., July 24, 2020 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (Altra or the Company), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results for the second-quarter ended June 30, 2020.
Q2 Financial Highlights
... More