Altra Industrial Motion: Q1 Earnings Insights
Shares of Altra Industrial Motion (NASDAQ:AIMC) were unchanged at $26.86 after the company reported Q1 results.
Quarterly Results
Earnings per share fell 18.75% over the past year to $0.65, which beat the estimate of $0.47.
Revenue of $434,200,000 lower by 10.07% from the same period last year, which beat the estimate of $406,190,000.
Looking Ahead
Altra Industrial Motion hasn't issued any earnings guidance for the time being.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Apr 30, 2020
Time: 09:03 AM ET
Technicals
Company's 52-week high was at $38.43
52-week low: $12.00
Price action over last quarter: down 26.23%
Company Description
Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and markets mechanical power transmission components. The company's reportable segments are Power Transmission Technologies which includes Couplings, Clutches and Brakes, Electromagnetic Clutches and Brakes, and Gearings; and Automation and Specialty segment consist of Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems. It generates a majority of its revenue from the Power Transmission Technologies segment.
See more from Benzinga
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
