Altra: 2Q Earnings Snapshot
BRAINTREE, Mass. (AP) _ Altra Industrial Motion Corp. (AIMC) on Thursday reported second-quarter earnings of $29 million.
The Braintree, Massachusetts-based company said it had profit of 45 cents per share. Earnings, adjusted for one-time gains and costs, were 71 cents per share.
The industrial products company posted revenue of $466.5 million in the period.
Altra expects full-year earnings in the range of $2.81 to $2.97 per share, with revenue in the range of $1.85 billion to $1.88 billion.
Altra shares have climbed 43% since the beginning of the year. The stock has dropped 19% in the last 12 months.