Recap: Altra Industrial Motion Q1 Earnings

Shares of Altra Industrial Motion AIMC remained unaffected after the company reported Q1 results.

Quarterly Results

Earnings per share were up 32.31% over the past year to $0.86, which beat the estimate of $0.76.

Revenue of $472,100,000 up by 8.73% year over year, which beat the estimate of $462,490,000.

Outlook

The upcoming fiscal year's EPS expected to be between $3.09 and $3.24.

The upcoming fiscal year's revenue expected to be between $1,820,000,000 and $1,850,000,000.

How To Listen To The Conference Call

Date: Apr 29, 2021

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.altramotion.com%2F&eventid=3082468&sessionid=1&key=AAD7B04CB1FB4A15D2F738A152F877D4&regTag=&V2=false&sourcepage=register

Technicals

Company's 52-week high was at $66.38

52-week low: $22.02

Price action over last quarter: Up 20.22%

Company Profile

Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and sells a wide range of mechanical power transmission and motion control products. The company operates through two business segments based on product types and end markets served: the power transmission technologies segment and the automation and specialty segment. The company's product portfolio consists of products such as clutches, brakes, gears, and motion controllers and braking systems, which are used in heavy industrial applications, energy markets, medical, packaging, automation, robotic, and other industries. The company earns most of its revenue in North America ( primarily the United States).