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Altra Industrial Motion Corp. Announces Acquisition By Regal Rexnord Corporation

Benzinga

Net Income for the third quarter of 2022 was $33.6 The Company ended the quarter with total gross debt of $1.06 billion and net debt* of approximately $860 million. million, or 7.2% of revenues. Non-GAAP adjusted EBITDA* was $92.1 million, or 19.8% of revenues.

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Data Update 6 for 2023: A Wake up call for the Indebted?

Musings on Markets

While there is nothing inherently that makes one measure superior to the other, it is important to remember that gross debt can never be less than zero, but net debt can, for firms that have cash balances that exceed their debt.

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