Altra Industrial Motion Q2 2016 Earnings Results

Altra Industrial Motion Corp. reported second quarter 2016 results with gross profit margins increasing 140 basis points to 31.9%, offset by a 7.1% decline in net sales year-over-year. The company achieved 8.9% operating income margin on a GAAP basis and 10% on a Non-GAAP basis, while repaying $23 million in debt.