{"id":516987,"date":"2021-07-23T07:08:11","date_gmt":"2021-07-23T11:08:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/"},"modified":"2021-07-23T07:08:11","modified_gmt":"2021-07-23T11:08:11","slug":"altra-reports-second-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/","title":{"rendered":"Altra Reports Second Quarter 2021 Results"},"content":{"rendered":"
\n

\n
\n Broad-Based Demand Strength Drives Record Quarterly Sales<\/em>
\n <\/strong>
\n \n <\/p>\n

\n
\n Raises 2021 Guidance <\/em>
\n <\/strong>\n <\/p>\n

BRAINTREE, Mass., July 23, 2021 (GLOBE NEWSWIRE) — 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 second quarter ended June 30, 2021.<\/p>\n

\n Q2 2021 Financial Highlights<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Q2 2021<\/strong>\n <\/td>\n\n Q2 2020<\/strong>\n <\/td>\n\n YOY Change <\/strong>\n <\/td>\n<\/tr>\n
\n Net sales <\/strong>\n <\/td>\n\n $488.6M<\/strong>\n <\/td>\n\n $400.8M<\/strong>\n <\/td>\n\n 21.9<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n
    \n
  • Q2 2021 Organic Sales growth* was 17.2% for the combined business compared with the second quarter of 2020.<\/li>\n
  • Q2 2021 Power Transmission Technologies (PTT) segment Organic Sales were up 16.1%; Automation & Specialty (A&S) segment Organic Sales were up 18.0% compared with the prior year.*<\/li>\n
  • Q2 2021 North America Organic Sales up 27.3%, Europe up 17.4% and Asia-Pacific\/Rest of World down 2.9% compared with the prior year.*<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n GAAP Net Income <\/strong>\n <\/td>\n\n $40.8M<\/strong>\n <\/td>\n\n $21.7M<\/strong>\n <\/td>\n\n 88.0<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Non-GAAP Net Income*<\/strong>\n <\/td>\n\n $58.5M<\/strong>\n <\/td>\n\n $38.6M<\/strong>\n <\/td>\n\n 51.6<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Earnings per diluted share<\/strong>\n <\/td>\n\n $<\/strong>
\n 0.62<\/strong>\u00a0<\/td>\n		\n $<\/strong>
\n 0.34<\/strong>\u00a0<\/td>\n		\n 82.4<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Non-GAAP Earnings per diluted share*<\/strong>\n <\/td>\n\n $<\/strong>
\n 0.89<\/strong>\u00a0<\/td>\n		\n $<\/strong>
\n 0.60<\/strong>\u00a0<\/td>\n		\n 48.3<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Non-GAAP Adjusted EBITDA*<\/strong>\n <\/td>\n\n $102.6M<\/strong>\n <\/td>\n\n $88.9M<\/strong>\n <\/td>\n\n 15.4<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Non-GAAP Adjusted EBITDA Margin* <\/strong>\n <\/td>\n\u00a021.0<\/strong>%<\/strong><\/td>\n\u00a022.2<\/strong>%<\/strong><\/td>\n\n (120 bps)<\/strong>\n <\/td>\n<\/tr>\n
\n Operating Income Margin<\/strong>\n <\/td>\n\u00a013.4<\/strong>%<\/strong><\/td>\n\u00a013.0<\/strong>%<\/strong><\/td>\n\n 40 bps<\/strong>\n <\/td>\n<\/tr>\n
\n Non-GAAP Operating Income Margin*<\/strong>\n <\/td>\n\u00a017.3<\/strong>%<\/strong><\/td>\n\u00a017.8<\/strong>%<\/strong><\/td>\n\n (50 bps)<\/strong>\n <\/td>\n<\/tr>\n
\n Cash Flow from Operations<\/strong>\n <\/td>\n\n $63.9M<\/strong>\n <\/td>\n\n $38.8M<\/strong>\n <\/td>\n\n 64.7<\/strong>
\n %<\/strong>\n <\/td>\n<\/tr>\n
\n Non-GAAP Adjusted Free Cash Flow*<\/strong>\n <\/td>\n\n $56.0M<\/strong>\n <\/td>\n\n $64.4M<\/strong>\n <\/td>\n\n (13.0<\/strong>
\n %)<\/strong>\n <\/td>\n<\/tr>\n
\n Quarter-End Leverage<\/strong> (Net Debt to Non-GAAP Adjusted EBITDA on unaudited proforma basis*)<\/td>\n\n 2.8X<\/strong>\n <\/td>\n\n 3.8X<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Management Comments<\/strong>\n <\/p>\n

\u201cOur business is firing on nearly all cylinders as we capitalized on broad-based demand strength across the vast majority of our end markets and delivered revenue and earnings results that exceeded pre-COVID Q2 2019 levels,\u201d said Carl Christenson, Altra\u2019s Chairman and Chief Executive Officer. \u201cWe grew second quarter Organic Sales* by 17.2%, as our team remained nimble and did an outstanding job managing the supply chain challenges to deliver products to our customers. The incoming order rate remains extremely strong, and our backlog is up significantly to an all-time high, positioning Altra well for the coming quarters. We\u2019re also excited by the level of business development happening across our businesses as we work with customers to develop innovative solutions that are expected to drive future growth in attractive verticals such as medical, factory automation and robotics.<\/p>\n

\u201cAs a result of our excellent top-line performance and focus on managing costs as they returned, we generated strong operating cash flow which allowed us to further reduce our Net Debt to Non-GAAP Adjusted EBITDA* leverage ratio to 2.8x. We expect to continue to reduce leverage in the second half of the year.\u201d<\/p>\n

\n Business Outlook <\/strong>\n <\/p>\n

\u201cWhile we continue to work relentlessly to overcome supply chain and logistics challenges, we are updating our outlook for 2021 to reflect our confidence in a robust demand environment across our businesses in the second half of the year. At the same time, we expect to continue facing inflationary pressure on raw materials, labor and logistics. Looking further ahead, we believe our strong position in growth markets, our talented team and our business system provide us with the ability to maintain a growth trajectory through 2022 and beyond,\u201d concluded Christenson.<\/p>\n

The following guidance reflects management\u2019s best estimate and practical assessment of the continuing impact of COVID-19 to the Company\u2019s business, at this time.<\/p>\n

Altra is updating guidance for full year 2021 as follows:<\/p>\n

    \n
  • Full-year 2021 sales in the range of $1,890 million to $1,920 million, up from $1,820 million to $1,850 million<\/li>\n
  • GAAP diluted EPS in the range of $2.28 to $2.41, up from $2.08 to $2.21<\/li>\n
  • Non-GAAP diluted EPS in the range of $3.30 to $3.46*, up from $3.09 to $3.24*<\/li>\n
  • Non-GAAP adjusted EBITDA in the range of $395.0 million to $405.0 million*, up from $380.0 million to $390.0 million*<\/li>\n
  • Tax rate for the full year of approximately 20.0% to 22.0% before discrete items<\/li>\n
  • Capital expenditures in the range of $50 million to $55 million<\/li>\n
  • Depreciation and amortization in the range of $122.0 million to $124.0 million<\/li>\n
  • Non-GAAP free cash flow in the range of $210 million to $235 million*, up from $200.0 to $225.0 million*<\/li>\n<\/ul>\n

    \n *Reconciliations of Non-GAAP Disclosures <\/strong>\n <\/p>\n

    \n (Amounts in Millions of Dollars, except per share information)<\/strong>\n <\/p>\n

    \n *Reconciliation of Non-GAAP Net Income:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Quarter Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net income\/(loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n40.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n80.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(95.0<\/td>\n)<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n$<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related stock compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related amortization expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-cash amortization of interest rate swap expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Impairment of intangible assets – trademarks<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cross currency interest rate swap settlement fee<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Tax impact of above adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4.4<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4.6<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9.0<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10.9<\/td>\n)<\/td>\n<\/tr>\n
    2019 tax benefit due to income tax rate change<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.8<\/td>\n)<\/td>\n<\/tr>\n
    Impairment of intangible assets – goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP net income *<\/td>\n\u00a0<\/td>\n$<\/td>\n58.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n38.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n115.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n80.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP diluted earnings per share *<\/td>\n\u00a0<\/td>\n$<\/td>\n0.89<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.60<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.25<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of Non-GAAP Free Cash Flow and Non-GAAP Adjusted Free Cash Flow<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Quarter Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited) <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited) <\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net cash flows from operating activities<\/td>\n\u00a0<\/td>\n$<\/td>\n63.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n38.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n100.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n73.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Purchase of property, plant and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7.9<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9.1<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17.5<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17.3<\/td>\n)<\/td>\n<\/tr>\n
    Non-GAAP Free Cash Flow *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Payment for interest rate swap settlement<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP Adjusted Free Cash Flow *<\/td>\n\u00a0<\/td>\n$<\/td>\n56.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n64.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n82.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n91.1<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of Net Debt<\/em>\n <\/p>\n\n\n\n\n\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n June\u00a030, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n December\u00a031, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,393.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,443.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(277.8<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(254.4<\/td>\n)<\/td>\n<\/tr>\n
    Net debt*<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,116.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,188.8<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of Organic Sales and Organic Sales Growth<\/em>\n <\/p>\n\n\n\n\n\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Quarter Ended June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter Ended June 30, 2021<\/strong>\n <\/td>\n<\/tr>\n
    Net sales<\/td>\n\u00a0<\/td>\n$<\/td>\n488.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nNet sales growth<\/td>\n\u00a0<\/td>\n21.9<\/td>\n%<\/td>\n<\/tr>\n
    Foreign currency translation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nForeign currency translation<\/td>\n\u00a0<\/td>\n4.7<\/td>\n%<\/td>\n<\/tr>\n
    Organic sales<\/td>\n\u00a0<\/td>\n$<\/td>\n469.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nOrganic sales growth<\/td>\n\u00a0<\/td>\n17.2<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of Non-GAAP Income from Operations:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\n\n Quarter Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income\/(loss) from operations<\/td>\n$<\/td>\n65.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n130.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(45.9<\/td>\n)<\/td>\n<\/tr>\n
    Income from operations as a percent of net sales<\/td>\n\u00a0<\/td>\n13.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-5.5<\/td>\n%<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n$<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related stock compensation expense<\/td>\n\u00a0<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related amortization expense<\/td>\n\u00a0<\/td>\n17.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related expenses<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Impairment of goodwill and intangible asset<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP income from operations*<\/td>\n$<\/td>\n84.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n71.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n168.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n140.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP Income from operations as a percent of net sales<\/td>\n\u00a0<\/td>\n17.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.8<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of Non-GAAP Operating Income and Non-GAAP Operating Income Margin<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n Selected Statement of Income Data<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Quarter Ended June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Quarter Ended June 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n GAAP
    Operating
    Income<\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\n Adjustments<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Non-GAAP
    Operating
    Income*<\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\n GAAP
    Operating
    Income<\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\n Adjustments<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Non-GAAP
    Operating
    Income*<\/strong>\n <\/td>\n    		\u00a0<\/td>\n<\/tr>\n
    Net sales<\/td>\n\u00a0<\/td>\n$<\/td>\n488.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n488.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n400.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n400.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cost of sales<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n312.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n312.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n257.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n257.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Gross profit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n175.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n175.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n143.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n143.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Operating Expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Selling, general & administrative expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Research and development expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income from Operations<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 65.5<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 19.1<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 84.6<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 52.1<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 19.3<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 71.4<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    GAAP and Non-GAAP Income from operations as a percent of net sales<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.8<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n GAAP
    Operating
    Income<\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\n Adjustments<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Non-GAAP
    Operating
    Income*<\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\n GAAP
    Operating
    Income<\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\n Adjustments<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Non-GAAP
    Operating
    Income*<\/strong>\n <\/td>\n    		\u00a0<\/td>\n<\/tr>\n
    Net sales<\/td>\n\u00a0<\/td>\n$<\/td>\n960.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n960.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n835.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n835.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cost of sales<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n613.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n613.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n538.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n538.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Gross profit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n347.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n347.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n296.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n296.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Operating Expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Selling, general & administrative expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n183.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n127.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Impairment of goodwill and intangible asset<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Research and development expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Income\/(loss) from Operations<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 130.6<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 37.9<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 168.5<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n (45.9<\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 186.4<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 140.5<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n GAAP and Non-GAAP Income from operations as a percent of net sales<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-5.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.8<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of Non-GAAP Adjusted EBITDA and Non-GAAP Adjusted EBITDA Margin:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\n\n Quarter Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net Income<\/td>\n$<\/td>\n40.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Asset impairment and other, net<\/td>\n\u00a0<\/td>\n(0.8<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Tax expense<\/td>\n\u00a0<\/td>\n9.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Interest expense<\/td>\n\u00a0<\/td>\n16.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Depreciation expense<\/td>\n\u00a0<\/td>\n13.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related expenses<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related amortization expense<\/td>\n\u00a0<\/td>\n17.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Stock compensation expense<\/td>\n\u00a0<\/td>\n4.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP adjusted EBITDA<\/td>\n$<\/td>\n102.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n88.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP adjusted EBITDA as a percent of net sales<\/td>\n\u00a0<\/td>\n21.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22.2<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of 2021 Non-GAAP Net Income Guidance and Non-GAAP Diluted EPS Guidance:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Projected Fiscal Year 2021
    Net Income<\/strong>\n <\/td>\n    		\u00a0<\/td>\n\n Projected Fiscal Year 2021
    Diluted EPS<\/strong>\n <\/td>\n<\/tr>\n
    Net income and diluted earnings per share<\/td>\n\u00a0<\/td>\n\n $149.0 – $157.3<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $2.28 – $2.41<\/strong>\n <\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n2.3 – 3.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related expenses<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related stock compensation expense<\/td>\n\u00a0<\/td>\n0.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related amortization expense<\/td>\n\u00a0<\/td>\n70.0 – 71.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-cash amortization of interest rate swap expense<\/td>\n\u00a0<\/td>\n11.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Tax impact of above adjustments (1) (2)<\/td>\n\u00a0<\/td>\n(18.8) – (18.3)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP Net Income and Non-GAAP Diluted EPS Guidance*<\/td>\n\u00a0<\/td>\n$215.6 – $226.4<\/td>\n\u00a0<\/td>\n$3.30 – $3.46<\/td>\n<\/tr>\n
    \n (1) Adjustments are pre-tax, with net tax impact listed separately<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n (2) Tax impact is calculated by multiplying the estimated effective tax rate for the period of 21.0% – 22.0% by the above items<\/em>\n <\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of 2021 Non-GAAP Adjusted EBITDA Guidance:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Fiscal Year 2021<\/strong>\n <\/td>\n<\/tr>\n
    Net income<\/td>\n\u00a0<\/td>\n\n $149.0 – $157.3<\/strong>\n <\/td>\n<\/tr>\n
    Acquisition related expenses<\/td>\n\u00a0<\/td>\n0.4\u00a0<\/td>\n<\/tr>\n
    Asset impairment and other<\/td>\n\u00a0<\/td>\n(0.8)<\/td>\n<\/tr>\n
    Interest expense<\/td>\n\u00a0<\/td>\n66.0 – 67.0<\/td>\n<\/tr>\n
    Tax expense<\/td>\n\u00a0<\/td>\n42.1 – 39.2<\/td>\n<\/tr>\n
    Depreciation expense<\/td>\n\u00a0<\/td>\n52.0 – 53.0<\/td>\n<\/tr>\n
    Acquisition related amortization expense<\/td>\n\u00a0<\/td>\n70.0 – 71.0<\/td>\n<\/tr>\n
    Stock based compensation<\/td>\n\u00a0<\/td>\n14.0 – 14.6<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n2.3 – 3.3<\/td>\n<\/tr>\n
    Non-GAAP adjusted EBITDA*<\/td>\n\u00a0<\/td>\n$395.0 – $405.0<\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of 2021 Non-GAAP Free Cash Flow Guidance:<\/em>\n <\/p>\n\n\n\n\n\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Fiscal Year 2021<\/strong>\n <\/td>\n<\/tr>\n
    Net cash flows from operating activities<\/td>\n\u00a0<\/td>\n$260.0 – $290.0<\/td>\n<\/tr>\n
    Purchase of property, plant and equipment<\/td>\n\u00a0<\/td>\n(50.0) – (55.0)<\/td>\n<\/tr>\n
    Non-GAAP Free Cash Flow *<\/td>\n\u00a0<\/td>\n$210.0 – $235.0<\/td>\n<\/tr>\n<\/table>\n

    \n Conference Call <\/strong>\n <\/p>\n

    The Company will conduct an investor conference call to discuss its unaudited second quarter 2021 financial results on Friday, July 23, 2021 at 10:00 a.m. ET. The public is invited to listen to the conference call by dialing (866) 209-9085 domestically or (647) 689-5687 for international access and asking to participate in the ALTRA conference call. A live webcast of the call will be available in the “Investor Relations” section of www.altramotion.com. Individuals may download charts that will be used during the call at www.altramotion.com under Events and Presentations in the Investor Relations section. The charts will be available after earnings are released. A replay of the recorded conference call will be available at the conclusion of the call on July 23rd through midnight on August 6, 2021. To listen to the replay, dial (800) 585-8367 domestically or (416) 621-4642 for international access (Conference ID: 6198664). A webcast replay also will be available.<\/p>\n

    \n About Altra Industrial Motion Corp.<\/strong>\n <\/p>\n

    Altra Industrial Motion Corp. is a premier industrial global manufacturer and supplier of highly engineered motion control, automation, power transmission, and engine braking systems and components. Altra’s portfolio consists of 27 well-respected brands including Bauer Gear Motor, Boston Gear, Jacobs Vehicle Systems, Kollmorgen, Portescap, Stromag, Svendborg Brakes, TB Wood’s, Thomson and Warner Electric. Headquartered in Braintree, Massachusetts, Altra has over 9,000 employees and 48 production facilities in 16 countries around the world.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n Altra Industrial Motion Corp.<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Consolidated Balance Sheets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n In millions of dollars<\/em>\n <\/td>\n\n June\u00a030, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n December\u00a031, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Assets:<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Current Assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cash and cash equivalents<\/td>\n$<\/td>\n277.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n254.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Trade receivables, net<\/td>\n\u00a0<\/td>\n258.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n240.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Inventories<\/td>\n\u00a0<\/td>\n238.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n210.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income tax receivable<\/td>\n\u00a0<\/td>\n15.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n40.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total current assets<\/td>\n\u00a0<\/td>\n830.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n748.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Property, plant and equipment, net<\/td>\n\u00a0<\/td>\n329.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n344.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Goodwill, net<\/td>\n\u00a0<\/td>\n1,585.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,596.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Intangible assets, net<\/td>\n\u00a0<\/td>\n1,414.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,459.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Deferred income taxes<\/td>\n\u00a0<\/td>\n2.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Other non-current assets<\/td>\n\u00a0<\/td>\n12.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Operating lease right of use asset<\/td>\n\u00a0<\/td>\n37.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total assets<\/td>\n$<\/td>\n4,211.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,208.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Liabilities and stockholders’ equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Accounts payable<\/td>\n$<\/td>\n178.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n163.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Accrued payroll<\/td>\n\u00a0<\/td>\n68.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n76.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Accruals and other current liabilities<\/td>\n\u00a0<\/td>\n79.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income tax payable<\/td>\n\u00a0<\/td>\n5.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Current portion of long-term debt<\/td>\n\u00a0<\/td>\n18.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Operating lease liabilities<\/td>\n\u00a0<\/td>\n12.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total current liabilities<\/td>\n\u00a0<\/td>\n362.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n360.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Long-term debt, net of current portion<\/td>\n\u00a0<\/td>\n1,359.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,408.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Deferred income taxes<\/td>\n\u00a0<\/td>\n355.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n359.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Pension liabilities<\/td>\n\u00a0<\/td>\n34.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Long-term taxes payable<\/td>\n\u00a0<\/td>\n2.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Other long-term liabilities<\/td>\n\u00a0<\/td>\n14.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Operating lease liabilities, net of current portion<\/td>\n\u00a0<\/td>\n26.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total stockholders’ equity<\/td>\n\u00a0<\/td>\n2,056.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,996.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total liabilities, and stockholders’ equity<\/td>\n$<\/td>\n4,211.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,208.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Reconciliation to operating working capital:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Trade receivables, net<\/td>\n$<\/td>\n258.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n240.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Inventories<\/td>\n\u00a0<\/td>\n238.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n210.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Accounts payable<\/td>\n\u00a0<\/td>\n(178.2<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(163.6<\/td>\n)<\/td>\n<\/tr>\n
    Non-GAAP operating working capital*<\/td>\n$<\/td>\n318.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n287.6<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n Consolidated Statements of Income Data:<\/strong>\n <\/td>\n\n Quarter Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n In millions of dollars<\/em>\n <\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(Unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net sales<\/td>\n$<\/td>\n488.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n400.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n960.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n835.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cost of sales<\/td>\n\u00a0<\/td>\n312.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n257.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n613.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n538.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Gross profit<\/td>\n$<\/td>\n175.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n143.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n347.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n296.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Gross profit as a percent of net sales<\/em>\n <\/td>\n\u00a0<\/td>\n\n 36.0<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 35.8<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 36.2<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 35.5<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Selling, general & administrative expenses<\/td>\n\u00a0<\/td>\n93.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n183.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Impairment of goodwill and intangible asset<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Research and development expenses<\/td>\n\u00a0<\/td>\n16.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income\/(Loss) from operations<\/td>\n$<\/td>\n65.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n130.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(45.9<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Income from operations as a percent of net sales<\/em>\n <\/td>\n\u00a0<\/td>\n\n 13.4<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 13.0<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 13.6<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n -5.5<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Interest expense, net<\/td>\n\u00a0<\/td>\n16.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Other non-operating income, net<\/td>\n\u00a0<\/td>\n(1.7<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.2<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income\/(Loss) before income taxes<\/td>\n$<\/td>\n50.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n30.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n100.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(83.2<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Provision for income taxes<\/td>\n\u00a0<\/td>\n9.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Income tax rate<\/em>\n <\/td>\n\u00a0<\/td>\n\n 19.5<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 29.5<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 20.3<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n -14.2<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net income\/(loss)<\/td>\n$<\/td>\n40.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n80.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(95.0<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Weighted Average common shares outstanding:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Basic<\/td>\n\u00a0<\/td>\n64.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Diluted<\/td>\n\u00a0<\/td>\n65.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net income\/(loss) per share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Basic<\/td>\n$<\/td>\n0.63<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.34<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.23<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.47<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Diluted<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.34<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.22<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.47<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Reconciliation of Non-GAAP Income from Operations:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income\/(Loss) from operations<\/td>\n$<\/td>\n65.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n130.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(45.9<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related stock compensation expense<\/td>\n\u00a0<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related amortization expense<\/td>\n\u00a0<\/td>\n17.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related expenses<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Impairment of goodwill and intangible asset<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP income from operations *<\/td>\n$<\/td>\n84.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n71.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n168.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n140.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Non-GAAP income from operations as a percent of net sales*<\/em>\n <\/td>\n\u00a0<\/td>\n\n 17.3<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 17.8<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 17.5<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 16.8<\/em>\n <\/td>\n\n %<\/em>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Reconciliation of Non-GAAP Net Income:<\/strong>\n <\/td>\n`<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net income\/(loss)<\/td>\n$<\/td>\n40.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n80.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(95.0<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related stock compensation expense<\/td>\n\u00a0<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related amortization expense<\/td>\n\u00a0<\/td>\n17.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-cash amortization of interest rate swap expense<\/td>\n\u00a0<\/td>\n3.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Impairment of intangible assets – trademarks<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cross currency interest rate swap settlement fee<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related expenses<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Tax impact of above adjustments<\/td>\n\u00a0<\/td>\n(4.4<\/td>\n)<\/td>\n\n (1 <\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n(4.6<\/td>\n)<\/td>\n\n (2 <\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n(9.0<\/td>\n)<\/td>\n\n (3 <\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n\u00a0<\/td>\n(10.9<\/td>\n)<\/td>\n\n (4 <\/strong>\n <\/td>\n\n )<\/strong>\n <\/td>\n<\/tr>\n
    2019 tax benefit due to income tax rate change<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.8<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Impairment of intangible assets – goodwill<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP net income *<\/td>\n$<\/td>\n58.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n38.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n115.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n80.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP diluted earnings per share *<\/td>\n$<\/td>\n0.89<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.60<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    (1) Tax impact is calculated by multiplying the estimated effective tax rate for the period of 20.0% by the above items.<\/td>\n<\/tr>\n
    (2) Tax impact is calculated by multiplying the estimated effective tax rate for the period of 21.5% by the above items.<\/td>\n<\/tr>\n
    (3) Tax impact is calculated by multiplying the estimated effective tax rate for the period of 20.5% by the above items.<\/td>\n<\/tr>\n
    (4) Tax impact is calculated by multiplying the estimated effective tax rate for the period of 21.8% by the above items.<\/td>\n<\/tr>\n<\/table>\n

    \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n Cash flows from operating activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n In millions of dollars<\/em>\n <\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net income\/(loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n80.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(95.0<\/td>\n)<\/td>\n<\/tr>\n
    Adjustments to reconcile net income\/(loss) to net operating cash flows:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Depreciation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Amortization of intangible assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Amortization of deferred financing costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Gain on foreign currency, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.1<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.1<\/td>\n)<\/td>\n<\/tr>\n
    Accretion of debt discount<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-cash amortization of interest rate swap expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Impairment of goodwill and intangible asset<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Payment for interest rate swap settlement<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(34.7<\/td>\n)<\/td>\n<\/tr>\n
    Gain on disposal and other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.8<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Stock-based compensation<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Changes in assets and liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Trade receivables<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(19.6<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Inventories<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(29.3<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.6<\/td>\n)<\/td>\n<\/tr>\n
    Accounts payable and accrued liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10.8<\/td>\n)<\/td>\n<\/tr>\n
    Other current assets and liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(25.6<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(14.6<\/td>\n)<\/td>\n<\/tr>\n
    Other operating assets and liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.8<\/td>\n)<\/td>\n<\/tr>\n
    Net cash provided by operating activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Cash flows from investing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Purchase of property, plant and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17.5<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17.3<\/td>\n)<\/td>\n<\/tr>\n
    Proceeds from sale of building<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Proceeds from cross-currency interest rate swap settlement<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net cash (used in) provided by investing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15.3<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Cash flows from financing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Borrowing under Revolving Credit Facility<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Payments on Revolving Credit Facility<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(100.0<\/td>\n)<\/td>\n<\/tr>\n
    Payments on Term Loan Facility<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(50.0<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(30.0<\/td>\n)<\/td>\n<\/tr>\n
    Dividend payments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7.8<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22.3<\/td>\n)<\/td>\n<\/tr>\n
    Net payments on financing leases, mortgages, and other obligations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.5<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.2<\/td>\n)<\/td>\n<\/tr>\n
    Net proceeds\/(payments) from China debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.6<\/td>\n)<\/td>\n<\/tr>\n
    Proceeds from issuance of common stock upon exercise of options<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Shares surrendered for tax withholding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.1<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.0<\/td>\n)<\/td>\n<\/tr>\n
    Net cash used in financing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(57.4<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(55.1<\/td>\n)<\/td>\n<\/tr>\n
    Effect of exchange rate changes on cash and cash equivalents<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4.0<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4.7<\/td>\n)<\/td>\n<\/tr>\n
    Net change in cash and cash equivalents<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cash and cash equivalents at beginning of period<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n254.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n167.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cash and cash equivalents at end of period<\/td>\n\u00a0<\/td>\n$<\/td>\n277.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n220.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Reconciliation to Non-GAAP Free Cash Flow:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Net cash flows from operating activities<\/td>\n\u00a0<\/td>\n$<\/td>\n100.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n73.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Purchase of property, plant and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17.5<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17.3<\/td>\n)<\/td>\n<\/tr>\n
    Non-GAAP Free Cash Flow *<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Payment for interest rate swap settlement<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP Adjusted Free Cash Flow *<\/td>\n\u00a0<\/td>\n$<\/td>\n82.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n91.1<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

    \n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n Selected Segment Data<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Quarter Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n In millions of dollars<\/em>\n <\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n
    \n Net sales:<\/u>
    \n <\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Power Transmission Technologies<\/td>\n\u00a0<\/td>\n$<\/td>\n237.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n196.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n458.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n413.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Automation & Specialty<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n252.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n205.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n504.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n424.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Inter-segment eliminations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.0<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.3<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.0<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.4<\/td>\n)<\/td>\n<\/tr>\n
    Total<\/td>\n\u00a0<\/td>\n$<\/td>\n488.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n400.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n960.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n835.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n
    \n Income\/(Loss) from operations:<\/u>
    \n <\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Power Transmission Technologies<\/td>\n\u00a0<\/td>\n$<\/td>\n33.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n23.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n61.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n49.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Automation & Specialty<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(92.6<\/td>\n)<\/td>\n<\/tr>\n
    Corporate<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4.7<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7.9<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(0.8<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.5<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.7<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.1<\/td>\n)<\/td>\n<\/tr>\n
    Total<\/td>\n\u00a0<\/td>\n$<\/td>\n65.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n130.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(45.9<\/td>\n)<\/td>\n<\/tr>\n<\/table>\n

    \n *Reconciliation of Non-GAAP Income from Operations by Segment:<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n Selected Segment Data<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n In millions of dollars<\/em>\n <\/td>\n\u00a0<\/td>\n\n Quarter Ended June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Power Transmission Technologies<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Automation and Specialty<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Corporate<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Total<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Power Transmission Technologies<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Automation and Specialty<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Corporate<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Total<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n
    \n Income\/(loss) from operations:<\/u>
    \n <\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income\/(loss) from operations<\/td>\n\u00a0<\/td>\n$<\/td>\n33.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n37.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(4.7<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n65.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n60.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n78.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(7.9<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n130.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related stock compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related amortization expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35.3<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total Non-GAAP Income\/(loss) from operations<\/td>\n\u00a0<\/td>\n$<\/td>\n35.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(4.1<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n84.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n65.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n109.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(7.0<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n168.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP Income from operations as a percentage of Segment net sales*<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.5<\/td>\n%<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n Selected Segment Data<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n In millions of dollars<\/em>\n <\/td>\n\u00a0<\/td>\n\n Quarter Ended June 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Year to Date Ended June 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n Power Transmission Technologies<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Automation and Specialty<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Corporate<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Total<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Power Transmission Technologies<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Automation and Specialty<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Corporate<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Total<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
    \n
    \n Income\/(loss) from operations:<\/u>
    \n <\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Income\/(loss) from operations<\/td>\n\u00a0<\/td>\n$<\/td>\n23.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n48.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(94.8<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(45.9<\/td>\n)<\/td>\n<\/tr>\n
    Restructuring costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related stock compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Impairment of goodwill and intangible asset<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Acquisition related amortization expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.8<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Total Non-GAAP Income\/(loss) from operations<\/td>\n\u00a0<\/td>\n$<\/td>\n26.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n41.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n71.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n54.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n85.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n140.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Non-GAAP Income from operations as a percentage of Segment net sales*<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16.8<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

    \n * Discussion of Non-GAAP Financial Measures<\/strong>\n <\/p>\n

    The non-GAAP financial measures used in this release are utilized by management in comparing our operating performance on a consistent basis. We believe that these financial measures are appropriate to enhance the overall understanding of our underlying operating performance trends compared to historical and prospective periods and our peers. We believe that these measures provide important supplemental information to management and investors regarding financial and business trends relating to the Company’s financial condition and results of operations as well as insight into the compliance with our debt covenants. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information calculated in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures. Our industry peers may provide similar supplemental non-GAAP information with respect to one or more of these measures, although they may not use the same or comparable terminology and may not make identical adjustments. A reconciliation of non-GAAP financial measures presented above to our GAAP results has been provided in the financial tables included in this press release.<\/p>\n

    \n Organic Sales<\/em>\n <\/p>\n

    Organic Sales in this release are net sales excluding the impact of foreign currency translation. Organic Sales can be expressed as a dollar amount or a percentage rate when describing Organic Sales growth.<\/p>\n

    \n Non-GAAP Net Income, Non-GAAP Income From Operations, Non-GAAP Diluted Earnings Per Share, Non-GAAP Operating Income Margin, and Non-GAAP Diluted EPS Guidance <\/em>\n <\/p>\n

    Non-GAAP Net Income, Non-GAAP Income From Operations, Non-GAAP Diluted Earnings Per Share, and Non-GAAP Diluted Earnings Per Share Guidance exclude acquisition related amortization expense, acquisition related expense, acquisition related stock compensation expense, restructuring and consolidation costs, non-cash amortization of interest rate swap expense and other income or charges that management does not consider to be directly related to the Company\u2019s core operating performance. Non-GAAP Diluted Earnings Per Share is calculated by dividing Non-GAAP Net Income by GAAP weighted average shares outstanding (diluted). Non-GAAP Operating Income Margin is calculated by dividing Non-GAAP Income From Operations by GAAP Net Sales.<\/p>\n

    \n Non-GAAP Adjusted EBITDA<\/em>\n <\/p>\n

    Non-GAAP Adjusted EBITDA represents earnings before interest, taxes, depreciation, acquisition related amortization, acquisition related costs, restructuring costs, stock-based compensation, asset impairment and other income or charges that management does not consider to be directly related to the Company\u2019s core operating performance.<\/p>\n

    \n Non-GAAP Adjusted EBITDA Margin<\/em>\n <\/p>\n

    Non-GAAP Adjusted EBITDA margin is calculated by dividing Non-GAAP Adjusted EBITDA by GAAP Net Sales.<\/p>\n

    \n Non-GAAP Free Cash Flow<\/em>\n <\/p>\n

    Non-GAAP Free Cash Flow is calculated by deducting purchases of property, plant and equipment.<\/p>\n

    \n Non-GAAP Adjusted Free Cash Flow <\/em>\n <\/p>\n

    Non-GAAP Adjusted Free Cash Flow is calculated by adding back the payment for the interest rate swap settlement to Non-GAAP Free Cash Flow.<\/p>\n

    \n Non-GAAP Operating Working Capital<\/em>\n <\/p>\n

    Non-GAAP Operating Working Capital is calculated by deducting accounts payable from net trade receivables plus inventories.<\/p>\n

    \n Net Debt<\/em>\n <\/p>\n

    Net Debt is calculated by subtracting cash from total debt.<\/p>\n

    \n Forward-Looking Statements<\/strong>\n <\/p>\n

    All statements, other than statements of historical fact included in this release are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, any statement that may predict, forecast, indicate or imply future results, performance, achievements or events. Forward-looking statements can generally be identified by phrases such as \u201cbelieves,\u201d \u201cexpects,\u201d \u201cpotential,\u201d \u201ccontinues,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cseeks,\u201d \u201cpredicts,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cprojects,\u201d \u201cestimates,\u201d \u201cplans,\u201d \u201ccould,\u201d \u201cdesigned\u201d, \u201cshould be,\u201d and other similar expressions that denote expectations of future or conditional events rather than statements of fact. Forward-looking statements also may relate to strategies, plans and objectives for, and potential results of, future operations, financial results, financial condition, business prospects, growth strategy and liquidity, and are based upon financial data, market assumptions and management’s current business plans and beliefs or current estimates of future results or trends available only as of the time the statements are made, which may become out of date or incomplete. Forward looking statements are inherently uncertain, and investors must recognize that events could differ significantly from our expectations. These statements include, but may not be limited to, the statements under \u201cBusiness Outlook,\u201d statements regarding the COVID-19 pandemic and statements regarding management’s expectations (a) for the upcoming quarters, (b) regarding the Company’s ability to continue to reduce leverage, (c) for continued similar levels of business development, order rates and backlog, (d) the Company’s ability to overcome supply chain and logistics challenges, (e) expected inflationary pressure on raw materials, labor and logistics, (f) the Company’s position in growth markets, (g) the Company’s talented team and business systems, and (h) the Company’s ability to maintain its growth trajectory through 2022 and beyond.<\/p>\n

    In addition to the risks and uncertainties noted in this release, there are certain factors that could cause actual results to differ materially from those anticipated by some of the statements made. These include: (1) competitive pressures, (2) changes in political and economic conditions in the United States and abroad and the cyclical nature of our markets, (3) loss of distributors, (4) the ability to develop new products and respond to customer needs, (5) risks associated with international operations, including currency risks, and the effects of tariffs and other trade actions taken by the United States and other countries, (6) accuracy of estimated forecasts of OEM customers and the impact of the current global economic environment on our customers, (7) risks associated with a disruption to our supply chain, (8) fluctuations in the costs of raw materials used in our products, (9) product liability claims, (10) work stoppages and other labor issues involving the Company\u2019s facilities or the Company\u2019s customers, (11) changes in employment, environmental, tax and other laws and changes in the enforcement of laws, (12) loss of key management and other personnel, (13) risks associated with compliance with environmental laws, (14) the ability to successfully execute, manage and integrate key acquisitions and mergers, (15) failure to obtain or protect intellectual property rights, (16) impairment or reduction of goodwill or intangible assets, (17) failure of operating equipment or information technology infrastructure, including cyber-attacks or other security breaches, and failure to comply with data privacy laws or regulations, (18) risks associated with our debt leverage, (19) risks associated with restrictions contained in the agreements governing Altra\u2019s $400 million aggregate principal amount of 6.125% senior notes due 2026 and Altra\u2019s revolving credit facility and term loan facility, (20) risks associated with compliance with tax laws, (21) risks associated with the global recession and volatility and disruption in the global financial markets, (22) risks associated with implementation of our enterprise resource planning system, (23) risks associated with the Svendborg, Stromag, and A&S acquisitions and integration and other acquisitions, (24) risks associated with certain minimum purchase agreements we have with suppliers, (25) risks related to our relationships with strategic partners, (26) our ability to offset increased commodity and labor costs with increased prices, (27) risks associated with our exposure to variable interest rates and foreign currency exchange rates, (28)\u00a0 swap counterparty credit risk, including interest rate swap contracts, cross-currency swap contracts and hedging arrangements, (29) risks associated with our exposure to renewable energy markets, (30) risks related to regulations regarding conflict minerals, (31) risks related to restructuring and plant consolidations, (32) risks related to our acquisition of A&S, including (a) the possibility that we may be unable to achieve expected synergies and operating efficiencies in connection with the transaction within the expected time-frames or at all and to successfully integrate A&S, (b) expected or targeted future financial and operating performance and results, (c) operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers, clients or suppliers) being greater than expected following the transaction, (d) our ability to retain key executives and employees, (e) slowdowns or downturns in economic conditions generally and in the markets in which the A&S businesses participate specifically, (f) lower than expected investments and capital expenditures in equipment that utilizes components produced by us or A&S, (g) lower than expected demand for our or A&S\u2019s repair and replacement businesses, (h) our ability to successfully integrate the merged assets and the associated technology and achieve operational efficiencies, (i) the integration of A&S being more difficult, time-consuming or costly than expected, (j) the inability to undertake certain corporate actions that otherwise could be advantageous to comply with certain tax covenants, (k) potential unknown liabilities and unforeseen expenses related to the acquisition and (l) the impact on our internal controls and compliance with the regulatory requirements under the Sarbanes-Oxley Act of 2002, (33) exposure to United Kingdom political developments, including the effect of its withdrawal from the European Union, and the uncertainty surrounding the implementation and effect of Brexit and related negative developments in the European Union and elsewhere, (34) Altra\u2019s ability to achieve the efficiencies, savings and other benefits anticipated from its cost reduction, margin improvement, restructuring, plant consolidation and other business optimization initiatives, (35) the risks associated with transitioning from LIBOR to a replacement alternative reference rate, (36) the scope and duration of the COVID-19 global pandemic and its impact on global economic systems and our employees, sites, operations, customers and supply chain, including the impact of the pandemic on manufacturing and supply capabilities throughout the world, (37) adverse conditions in the credit and capital markets limiting or preventing the Company\u2019s and its customers\u2019 and suppliers\u2019 ability to borrow or raise capital, (38) the Company\u2019s ability to invest in new technologies and manufacturing techniques and to develop or adapt to changing technology and manufacturing techniques, (39) defects, quality issues, inadequate disclosure or misuse with respect to our products and capabilities, (40) changes in labor or employment laws, (41) the Company\u2019s ability to recruit, retain and motivate key sales, marketing or engineering personnel, (42) unplanned repairs or equipment outages, (43) changes in the Company\u2019s tax rates, including enactment of the Tax Cuts and Jobs Act of 2017, or exposure to additional income tax liabilities or assessments, as well as audits by tax authorities, (44) the risks associated with the Company\u2019s ability to successfully divest or otherwise dispose of businesses that are deemed not to fit with our strategic plan or are not achieving the desired return on investment and (45) other risks, uncertainties and other factors described in the Company’s quarterly reports on Form 10-Q and annual reports on Form 10-K and in the Company’s other filings with the U.S. Securities and Exchange Commission (SEC) or in materials incorporated therein by reference. Except as required by applicable law, Altra does not intend to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

    AIMC-E<\/p>\n

    CONTACT:<\/p>\n

    Altra Investor Relations<\/p>\n

    781-917-0600<\/p>\n

    Email: ir@altramotion.com<\/p>\n

    \u00a0<\/p>\n


    \n
    \n \n <\/div>\n

    <\/div>\n","protected":false},"excerpt":{"rendered":"

    Broad-Based Demand Strength Drives Record Quarterly Sales Raises 2021 Guidance BRAINTREE, Mass., July 23, 2021 (GLOBE NEWSWIRE) — 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 second quarter ended June 30, 2021. Q2 2021 Financial Highlights \u00a0 Q2 2021 Q2 2020 YOY Change Net sales $488.6M $400.8M 21.9 % \u00a0 Q2 2021 Organic Sales growth* was 17.2% for the combined business compared with the second quarter of 2020. Q2 2021 Power Transmission Technologies (PTT) segment Organic Sales were up 16.1%; Automation & Specialty (A&S) segment Organic Sales were up 18.0% compared with the prior year.* Q2 2021 … <\/p>\n

    Continue reading “Altra Reports Second Quarter 2021 Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-516987","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAltra Reports Second Quarter 2021 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altra Reports Second Quarter 2021 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Broad-Based Demand Strength Drives Record Quarterly Sales Raises 2021 Guidance BRAINTREE, Mass., July 23, 2021 (GLOBE NEWSWIRE) — 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 second quarter ended June 30, 2021. Q2 2021 Financial Highlights \u00a0 Q2 2021 Q2 2020 YOY Change Net sales $488.6M $400.8M 21.9 % \u00a0 Q2 2021 Organic Sales growth* was 17.2% for the combined business compared with the second quarter of 2020. Q2 2021 Power Transmission Technologies (PTT) segment Organic Sales were up 16.1%; Automation & Specialty (A&S) segment Organic Sales were up 18.0% compared with the prior year.* Q2 2021 … Continue reading "Altra Reports Second Quarter 2021 Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-23T11:08:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4NTUxOCM0MzExMjQzIzIwMTY1MjI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"20 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altra-reports-second-quarter-2021-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altra-reports-second-quarter-2021-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Altra Reports Second Quarter 2021 Results\",\"datePublished\":\"2021-07-23T11:08:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altra-reports-second-quarter-2021-results\\\/\"},\"wordCount\":4057,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altra-reports-second-quarter-2021-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI4NTUxOCM0MzExMjQzIzIwMTY1MjI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altra-reports-second-quarter-2021-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/altra-reports-second-quarter-2021-results\\\/\",\"name\":\"Altra Reports Second Quarter 2021 Results - 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(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 second quarter ended June 30, 2021. Q2 2021 Financial Highlights \u00a0 Q2 2021 Q2 2020 YOY Change Net sales $488.6M $400.8M 21.9 % \u00a0 Q2 2021 Organic Sales growth* was 17.2% for the combined business compared with the second quarter of 2020. Q2 2021 Power Transmission Technologies (PTT) segment Organic Sales were up 16.1%; Automation & Specialty (A&S) segment Organic Sales were up 18.0% compared with the prior year.* Q2 2021 … Continue reading \"Altra Reports Second Quarter 2021 Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-23T11:08:11+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4NTUxOCM0MzExMjQzIzIwMTY1MjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"20 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Altra Reports Second Quarter 2021 Results","datePublished":"2021-07-23T11:08:11+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/"},"wordCount":4057,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4NTUxOCM0MzExMjQzIzIwMTY1MjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/altra-reports-second-quarter-2021-results\/","name":"Altra Reports Second Quarter 2021 Results - 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