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Altra Industrial Motion Corp. (AIMC) reported a strong financial performance for Q1 2021, with net sales of $472.1 million, reflecting an 8.7% increase year-over-year. The company achieved organic sales growth of 5.4% and a significant turnaround in net income to $39.2 million, compared to a loss of $116.6 million in Q1 2020. Cash flow from operations rose to $36.2 million, with non-GAAP earnings per diluted share up 32.3% to $0.86. Altra also raised its 2021 guidance, anticipating revenue between $1.82 billion and $1.85 billion and non-GAAP EPS of $3.09 to $3.24.
Altra Industrial Motion Corp. (AIMC) announced a quarterly cash dividend of $0.08 per share for Q2 2021, marking the 37th consecutive dividend in its history. The dividend will be paid on July 2, 2021 to shareholders of record as of June 18, 2021. Future dividends are contingent on Board approval and market conditions. Altra is a global leader in motion control and power transmission, operating over 48 production facilities across 16 countries, with a workforce of more than 9,000 employees.
Altra Industrial Motion Corp. (Nasdaq: AIMC) has announced its participation in The Oppenheimer 16th Annual Industrial Growth Virtual Conference on May 4th at 3:00 p.m. ET. The management will present insights on the company's performance and future strategies. A live audio webcast will be available on Altra's investor relations website, and a replay will be accessible afterward. Altra, based in Braintree, Massachusetts, specializes in motion control and power transmission products, boasting over 9,000 employees and 48 production facilities globally.
Altra Industrial Motion Corp. (Nasdaq:AIMC) will announce its unaudited financial results for Q1 2021 on April 29, 2021, before market open. An investor conference call is scheduled for the same day at 10:00 a.m. ET, allowing public participation via phone or through a live webcast on their website. Altra is a global manufacturer specializing in motion control and power transmission products, with a portfolio of 27 brands and over 9,000 employees across 48 facilities worldwide.
Altra Industrial Motion Corp. (AIMC), a global leader in motion control and automation products, announced its participation in the Sidoti Spring 2021 Virtual Conference on March 24 at 10:45 a.m. ET. The presentation will be accessible via a live audio webcast on Altra's investor relations website, with a replay available afterward. Altra's extensive portfolio features 27 brands, including Bauer Gear Motor and Boston Gear. The company operates globally with over 9,000 employees across 48 production facilities in 16 countries.
Altra Industrial Motion Corp. (AIMC) reported Q4 2020 net sales of $453.2 million, a 2.6% increase from Q4 2019. The fiscal year net sales reached $1.726 billion. Fourth-quarter net income was $31.2 million, down from $37.3 million in Q4 2019. The company achieved record operating cash flows, generating $262.5 million in operating cash flow for the year, and paid down $160 million in debt. For 2021, Altra projects sales between $1.790 billion and $1.830 billion and expects a cautious economic recovery. Non-GAAP diluted EPS guidance for 2021 ranges from $2.95 to $3.15.
Altra Industrial Motion Corp. (AIMC) announced a quarterly cash dividend of $0.06 per share for Q1 2021, marking the 36th consecutive dividend in company history. The dividend will be paid on April 2, 2021 to shareholders of record as of March 18, 2021. The Board of Directors retains authority over future dividend declarations, which may be adjusted based on market conditions and capital availability. Altra, a leading manufacturer of motion control and automation products, operates with approximately 9,400 employees and has 48 production facilities worldwide.
Altra Industrial Motion Corp. (Nasdaq:AIMC) will release its unaudited financial results for Q4 2020 on February 12, 2021, before market opening. An investor conference call will follow at 10:00 a.m. ET, where details will be discussed. The public can join by phone or via a live webcast on Altra's Investor Relations page. A replay of the call will be available until February 26, 2021. Altra specializes in engineered motion control, automation, and power transmission systems, with a workforce of approximately 9,400 and 48 facilities globally.
Altra Industrial Motion Corp (Nasdaq: AIMC), a global leader in motion control and power transmission solutions, will present at the Baird Global Industrials Conference on November 12, 2020, at 11:25 a.m. EDT. A live audio webcast of the presentation will be accessible on Altra's investor relations website, with a replay available afterward. Altra boasts a portfolio of 27 brands and operates 50 production facilities across 16 countries, employing roughly 9,500 personnel.
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