Altra Industrial Motion Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 466.3 million compared to USD 469.3 million a year ago. Net income was USD 33.6 million compared to USD 35.4 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.54 a year ago.
For the nine months, sales was USD 1,476.1 million compared to USD 1,430 million a year ago. Net income was USD 104.7 million compared to USD 115.4 million a year ago. Basic earnings per share from continuing operations was USD 1.61 compared to USD 1.78 a year ago. Diluted earnings per share from continuing operations was USD 1.6 compared to USD 1.76 a year ago.