Altra reports first-quarter 2020 results

Altra reports first-quarter 2020 results and provides business update.q1 non-gaap earnings per share $0.65.q1 loss per share $1.81 including items.q1 sales $434.2 million versus refinitiv ibes estimate of $416.1 million.sees fy 2020 non-gaap earnings per share $1.67 to $2.03.sees fy 2020 sales $1.54 billion to $1.62 billion.q1 earnings per share estimate $0.53 -- refinitiv ibes data.accelerating cost reductions through corporate furloughs.terminating altra's cross-currency interest rate swaps.reducing q2 2020 dividend to $0.04 per share.recorded a non-cash impairment charge of $147.5 million in quarter.guidance assumes that business conditions will start to normalize over next 6 months.sees full-year 2020 sales in range of $1,540 million to $1,620 million.
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