Altra Holdings Inc. (AIMC) reported that its first-quarter net income decreased to $10.5 million, or $0.39 per share, from $10.7 million, or $0.40 per share, in the first quarter of 2011.
First-quarter 2012 net income includes $0.2 million in acquisition-related costs. Excluding these costs, non-GAAP adjusted earnings per share was $0.40 per share.
First-quarter net sales increased 20% to $192.4 million compared with $159.8 million in the prior-year quarter. This represents 4% growth, excluding acquisitions.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share on revenues of $189.13 million for the quarter. Analysts' estimates typically exclude special items.
Altra maintained its guidance for full year 2012. The Company is forecasting sales in the range of $740 million to $760 million and non-GAAP adjusted earnings per share of $1.50 to $1.60. Analysts expect the company to report earnings of $1.56 per share on revenues of $749.23 million for fiscal 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.