Altra: Q4 Earnings Snapshot
By AP News
Published - Mar 01, 2023, 05:33 PM ET
Last Updated - Jun 22, 2023, 06:32 PM EDT
BRAINTREE, Mass. (AP) — BRAINTREE, Mass. (AP) — Altra Industrial Motion Corp. (AIMC) on Wednesday reported fourth-quarter net income of $22.3 million, after reporting a loss in the same period a year earlier.
The Braintree, Massachusetts-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring costs, were 73 cents per share.
The industrial products company posted revenue of $469.4 million in the period.
For the year, the company reported profit of $127 million, or $1.94 per share. Revenue was reported as $1.95 billion.
