An Eye on Financial Results: Altra Industrial Motion Corp. (NASDAQ: AIMC)

On Wednesday, Altra Industrial Motion Corp. stock identified change of 31.55% away from 52-week low rate and recently situated move of -18.90% off 52-week high cost. It has market worth of $1995.94 M and dividend yield of 2.20%. AIMC stock has been recorded 14.08% away from 50 day moving average and 0.04% far from 200 day moving average. Moving better, we can see that shares have actually been trading 11.98% off 20-day moving average.

Altra Industrial Motion Corp. (AIMC) just recently reported unaudited monetary outcomes for the 3rd quarter ended September 30, 2019. Other than where otherwise kept in mind, monetary results for the third quarter of 2019 include the A&S business whereas outcomes for the previous year duration do not consist of financial outcomes of the A&S organisation on a proforma basis.

Third Quarter Financial Highlights

Third-quarter 2019 net sales were $442.9 M, up 94% from $228.5 M in the 3rd quarter of 2018. Organic sales were down 3.6% for the combined organisation on an unaudited pro forma basis, contrast to the 3rd quarter of 2018. Not Including the impact of foreign currency translation, Power Transmission Technologies (PTT) section sales were down 2.3% and Automation & & Specialty (A&S) section sales were down 5.9% contrast to the previous year. *
Third-quarter earnings was $25.7 M, or $0.40 per diluted share, contrast with $12.3 M, or $0.42 per diluted share, in the 3rd quarter of 2018. Non-GAAP net income in the 3rd quarter of 2019 was $44.3 M, or $0.69 per diluted share. This is contrast with non-GAAP earnings of $20.6 M, or $0.71 per diluted share, in the 3rd quarter of 2018. *
Non-GAAP adjusted EBITDA in the 3rd quarter of 2019 was $89.0 M, or 20.1% of net sales, contrast with $35.9 M, or 15.7% of net sales, in the third quarter of 2018. *
Operating earnings margin in the third quarter of 2019 was 11.0% contrast with 9.1% in the 3rd quarter of 2018. Non-GAAP operating earnings margin in the 3rd quarter of 2019 was 16.5%, a 410-basis point increase from 12.4% in the 3rd quarter of 2018.
Cash circulation from operations for the 3rd quarter of 2019 of $84.3 M resulted in free capital of $71.5 M, contrast to totally free capital of $23.7 M in the 3rd quarter of 2018. On a year-to-date basis the Company has actually created $143.5 M of totally free money flow. *
$ 40.0 M of debt was paid for in the 3rd quarter of 2019, bringing overall debt pay down to $110.0 M because the closing of the A&S merger on October 1, 2018.

Planned Highlights

Strong pricing power and supply chain management continued to offset the effects from tariffs and greater input costs
On track to provide $15.0 M of synergies in 2019, above the initial target of $10.0 to $12.0 M, and provide a total of $52.0 M of synergies by year 4, with prepared supply chain initiatives substantially ahead of 2019 targets.

The Industrial Goods sector business, Altra Industrial Motion Corp. noticed modification of -0.87% to $30.94 along volume of 824051 shares in current session compared to a typical volume of 420.65 K. The stock observed return of 5.31% in 5 days trading activity. The average volatility for the week at 3.47% and for month was at 3.20%.

On Wednesday, Altra Industrial Motion Corp. stock determined modification of 31.55% away from 52-week low rate and just recently situated move of -18.90% off 52-week high rate. AIMC stock has been taped 14.08% away from 50 day moving average and 0.04% away from 200 day moving average. Operating earnings margin in the third quarter of 2019 was 11.0% contrast with 9.1% in the 3rd quarter of 2018. Gross profit margin in the 3rd quarter of 2019 was 35.4%, a 390-basis point boost over 31.5% in the third quarter of 2018. Non-GAAP operating income margin in the third quarter of 2019 was 16.5%, a 410-basis point increase from 12.4% in the 3rd quarter of 2018.

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Eunice Durand– Technology and Energy My name is Eunice Durand, I have worked for the stock market industry for 4 years. Technology news grasp my attention the most. In early days, I started my journey with an ordinary author. Moving forward with great hard work and passion I achieve a higher position. As I believe in working hard and putting the soul in my work, I have accomplished so much success and place in Dailynewssheet.com, and now I have confidence in this, that I am the spin of this network. I have a vision of touching the sky. I wish to see this industry on a global scale one day. My other duties are that I am a contributor and an editor of the technology segment. My work is to do a critical analysis of companies and pick out the most significant information for investor network.

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