Altra Reports Fourth-Quarter 2020 Results
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Altra Industrial Motion (AIMC) Tops Q4 EPS by 7c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus, FY21 Revenue Mid-Point Below Consensus
February 12, 2021 7:06 AM ESTAltra Industrial Motion (NASDAQ: AIMC) reported Q4 EPS of $0.76, $0.07 better than the analyst estimate of $0.69. Revenue for the quarter came in at $453.2 million versus the consensus estimate of $431.76 million.
Financial Highlights
Fourth-quarter 2020 net sales were $453.2 million, up 2.6% from the $441.9 million in the fourth quarter of 2019. Fiscal year 2020 net sales were $1.726 billion, slightly above the high end of the Companys previously provided guidance range. Fourth-quarter 2020 organic sales were up 30 basis points for the combined business compared with the fourth quarter of 2019.Fourth-quarter 2020 Power Transmission Technologies (PTT) segment sales were down 5.1% and Automation &... More