Altra Industrial Motion (AIMC) Tops Q4 EPS by 7c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus, FY21 Revenue Mid-Point Below Consensus

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Go back to Altra Industrial Motion (AIMC) Tops Q4 EPS by 7c, Revenues Beat; Offers FY21 EPS Guidance Below Consensus, FY21 Revenue Mid-Point Below Consensus

Altra Reports Fourth-Quarter 2020 Results

February 12, 2021 7:00 AM EST

Delivers 2.6% Revenue Growth, Strong Cash Generation and Working Capital Improvements in Q4

Prudent Cost Management Resulted in Record Operating Cash Flows

Paid Down $160 million of Debt, Exceeding our Payment Goals and Leverage Targets

Provides 2021 Guidance

BRAINTREE, Mass., Feb. 12, 2021 (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 fourth quarter ended December 31, 2020.

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