Benzinga | Jul 23, 2021 07:15AM EDT

Altra Raises FY21 Adj. EPS Guidance From $3.09-$3.24 To 3.30-$3.46 vs $3.24 Est., Raises Sales Guidance From $1.82B-$1.85B To $1.89B-$1.92B vs $1.86B Est.

Altra is updating guidance for full year 2021 as follows:

* Full-year 2021 sales in the range of $1,890 million to $1,920 million, up from $1,820 million to $1,850 million

* GAAP diluted EPS in the range of $2.28 to $2.41, up from $2.08 to $2.21

* Non-GAAP diluted EPS in the range of $3.30 to $3.46*, up from $3.09 to $3.24*

* Non-GAAP adjusted EBITDA in the range of $395.0 million to $405.0 million*, up from $380.0 million to $390.0 million*

* Tax rate for the full year of approximately 20.0% to 22.0% before discrete items

* Capital expenditures in the range of $50 million to $55 million

* Depreciation and amortization in the range of $122.0 million to $124.0 million

* Non-GAAP free cash flow in the range of $210 million to $235 million*, up from $200.0 to $225.0 million*