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NEW YORK, May 4, 2021 /PRNewswire/
The flexible shaft couplings market is poised to grow by USD 198.09 million and accelerate at a CAGR of over 3% during 2021-2025. The market records incremental growth due to the ease and flexibility in operations during the forecast period.
Technavio has announced its latest market research report titled Flexible Shaft Couplings Market by End-user and Geography - Forecast and Analysis 2021-2025
Technavio s latest market report estimates include the pre-and post-COVID-19 impact on the flexible shaft couplings market. Download a FREE Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The increased demand from high speed and high torque applications is one of the major factors propelling the market growth. However, the improper selection of couplings for specific applications may impede market growth.
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Operator
Good day, and thank you for standing by. Welcome to the Altra Industrial Motion Q1 2021 Earnings Call. [Operator Instructions] I would now like to hand the conference over to your speaker for today. David Calusdian. Please go ahead.
David Calusdian
President
Thank you. Good morning, everyone, and welcome to the call. To help you follow management s discussion on this call, we ll be referencing slides that are posted to the altramotion.com website under events and presentations in the Investor Relations section. Please turn to Slide three. During the call, management will be making forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are highly and currently uncertain and investors must recognize that events could differ significantly from management s expectations. Please refer to the risks, uncertainties and other factors described in the company s quarterly reports on Form 10-Q and annual rep
52-week low: $22.02
Company Profile
Altra Industrial Motion Corp is a United States-based company that designs, manufactures, and sells a wide range of mechanical power transmission and motion control products. The company operates through two business segments based on product types and end markets served: the power transmission technologies segment and the automation and specialty segment. The company s product portfolio consists of products such as clutches, brakes, gears, and motion controllers and braking systems, which are used in heavy industrial applications, energy markets, medical, packaging, automation, robotic, and other industries. The company earns most of its revenue in North America ( primarily the United States).
BRAINTREE, Mass. (AP) Altra Industrial Motion Corp. (AIMC) on Thursday reported first-quarter net income of $39.2 million, after reporting a loss in the same period a year earlier. The Braintree, Massachusetts-based company said it had net income of 60 cents per share. Earnings, adjusted for one-time gains and costs, came to 86 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.