{"id":435378,"date":"2021-02-12T20:39:14","date_gmt":"2021-02-13T01:39:14","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=435378"},"modified":"2021-02-12T20:39:14","modified_gmt":"2021-02-13T01:39:14","slug":"correcting-and-replacing-altra-reports-fourth-quarter-2020-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/correcting-and-replacing-altra-reports-fourth-quarter-2020-results\/","title":{"rendered":"CORRECTING and REPLACING – Altra Reports Fourth-Quarter 2020 Results"},"content":{"rendered":"
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\n Delivers 2.6% Revenue Growth, Strong Cash Generation and Working Capital Improvements in Q4<\/em>
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\n Prudent Cost Management Resulted in Record Operating Cash Flows<\/em>
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\n Paid Down $160 million of Debt, Exceeding our Payment Goals and Leverage Targets<\/em>
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\n Provides 2021 Guidance<\/em>
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BRAINTREE, Mass., Feb. 12, 2021 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today, please note that a typographical error was contained in the *Reconciliation of Non-GAAP Income from Operations by Segment table. The corrected version of the *Reconciliation of Non-GAAP Income from Operations by Segment table is included in the corrected release, which follows.<\/p>\n

Altra Industrial Motion Corp. (Nasdaq: AIMC) (\u201cAltra\u201d or the \u201cCompany\u201d), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results for the fourth quarter ended December 31, 2020.<\/p>\n

\n Financial Highlights<\/strong>\n <\/p>\n