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Altra Industrial Motion Corp. (AIMC) Create: Alert

All | News | Filings
Date FiledTypeDescription
03/27/2023 8-K Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Completion of Acquisition or Disp...
03/23/2023 8-K Other Events, Financial Statements and Exhibits  Interactive Data
Docs: "REGAL REXNORD AND ALTRA ANNOUNCE RECEIPT OF ALL REQUIRED REGULATORY APPROVALS FOR"
03/01/2023 8-K Quarterly results
Docs: "Altra Reports Fourth Quarter 2022 Results BRAINTREE, Mass., March 1, 2023 -- Altra Industrial Motion Corp. , a premier global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results as of and for the fourth quarter and year ended December 31, 2022. Q4 2022 Financial Highlights YOY Change Net sales $469.4M $469.8M  Q4 2022 Organic Sales Growth was 2.3% for the consolidated business compared with the fourth quarter of 2021.* GAAP Net Income $22.3M 125.4% GAAP Net Income Margin 4.8% 2,350 bps Non-GAAP Net Income* $47.9M $43.4M 10.4% Earnings per diluted share $0.34 125.2% Non-GAAP Earnings per diluted share* $0.73 $0.67 9.0% Non-GAAP Adjusted EBITDA* $96.2M $87.2M 10.3% Non-GAAP Adjusted EBITDA Margin* 20.5% ..."
01/10/2023 8-K Other Events  Interactive Data
10/31/2022 8-K Quarterly results
10/27/2022 8-K Quarterly results
07/28/2022 8-K Quarterly results
05/02/2022 8-K Quarterly results
04/28/2022 8-K Quarterly results
Docs: "Altra Reports First Quarter 2022 Results Achieves Record Quarterly Sales of $512M Supported by Broad-Based Market Demand Delivers Sequential Margin Expansion Reflecting Benefits From Pricing Initiatives Updates 2022 Guidance Following Completion of Jacobs Vehicle Systems Divestiture; Raises Guidance for Ongoing Businesses BRAINTREE, Mass., April 28, 2022 -- Altra Industrial Motion Corp. , a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results for the first quarter ended March 31, 2022. Q1 2022 Financial Highlights YOY Change Net sales $511.7M $472.1M 8.4%  Q1 2022 Organic Sales Growth was 7.9% for the combined business compared with the first quarter of 2021. Q1 2022 Pro Forma Organic Sal...",
"STRONG DEMAND ACROSS END MARKETS SUPPORTED BY SECULAR GROWTH TRENDS"
04/26/2022 8-K Other Events, Financial Statements and Exhibits  Interactive Data
Docs: "Altra Announces New $300 Million Share Repurchase Program BRAINTREE, Mass., April 26, 2022 – Altra Industrial Motion Corp."
04/14/2022 8-K Completion of Acquisition or Disposition of Assets, Other Events, Financial Statements and Exhibits  Interact...
Docs: "Altra Completes Divestiture of Jacobs Vehicle Systems Business"
03/08/2022 8-K Quarterly results
02/16/2022 8-K Quarterly results
Docs: "Altra Reports Fourth Quarter 2021 Results Announced Acquisition of Nook Industries and Agreement to Divest JVS Strong Demand Continues Across Nearly All End Markets Resulting in Record Sales for the Year November 2021 $1.4 Billion Refinancing Supports Further Inorganic Growth Provides 2022 Guidance BRAINTREE, Mass., February 16, 2022 -- Altra Industrial Motion Corp. , a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results for the fourth quarter ended December 31, 2021. Q4 2021 Financial Highlights YOY Change Net sales $469.8M $453.2M 3.7%  Q4 2021 Organic Sales Growth was 4.1% for the combined business compared with the fourth quarter of 2020.*  Q4 2021 Power Transmission Technolo...",
"16, 2022 10:00 AM ET"
02/10/2022 8-K Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits  Interactive Data
Docs: "Altra Enters Agreement to Divest Jacobs Vehicle Systems Business February 9, 2022 -- BRAINTREE, Mass., -- Altra Industrial Motion Corp. , a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that it has entered into an agreement to sell its Jacobs Vehicle Systems business to Cummins Inc. for $325 million. The business generated approximately $193 million in revenue in 2021. “Today’s announcement is fully aligned with our strategy to focus Altra’s portfolio on highly engineered products in the motion control and power transmission markets,” said Carl Christenson, Altra’s Chairman and Chief Executive Officer. “We believe that the sale of Jacobs Vehicle Systems to Cummins, a well-established leader in th..."
01/03/2022 8-K Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits  Inte...
Docs: "Altra Completes Acquisition of Nook Industries, a Leader in the US Engineered Linear Motion Industry Deal Advances Strategy to Focus on Highly Engineered Products in the Motion Control and Power Transmission Markets and Expands Presence in Attractive Medical, Factory Automation and Defense Markets Expects Acquisition to be Cash Accretive in 2022, Excluding Transaction Costs"
11/19/2021 8-K Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Creation of a Direct Financial Ob...
Docs: "Altra Industrial Motion Corp. Announces $1.4 Billion Refinancing BRAINTREE, Mass., November 17, 2021– Altra Industrial Motion Corp. , a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that the Company has entered into a new five-year credit agreement among the Company and the lenders party to the credit agreement from time to time, which consists of a new $400 million term loan and a new $1 billion revolving credit facility. The Company will use the proceeds to repay in full all amounts outstanding on its existing term loan and revolving credit facilities, which have been terminated, and for general corporate purposes, including acquisitions. “We are very pleased with the results of this refinancing,” sai..."
10/22/2021 8-K Quarterly results
Docs: "Altra Reports Third Quarter 2021 Results Demand and Fundamentals Remain Strong as Company Navigates Current Macro-Environment Reduces Debt by $70 Million on Strong Operating Cash Flow Revises 2021 Guidance BRAINTREE, Mass., October 22, 2021 -- Altra Industrial Motion Corp. , a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results for the third quarter ended September 30, 2021. Q3 2021 Financial Highlights YOY Change Net sales $469.3M $437.8M 7.2%  Q3 2021 Organic Sales Growth was 5.8% for the combined business compared with the third quarter of 2020.*  Q3 2021 Power Transmission Technologies segment Organic Sales were up 16.0%; Automation & Specialty segment Organic Sales were down...",
"22, 2021 10:00 AM ET"
10/22/2021 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
Docs: "Altra Announces Retirement of CFO Christian Storch and Appoints Altra Veteran Todd B. Patriacca as Chief Financial Officer BRAINTREE, MA, October 22, 2021 – Altra Industrial Motion Corp. , a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that Christian Storch, Executive Vice President and Chief Financial Officer, will be retiring on January 31, 2022 following a 14-year career at Altra. Todd B. Patriacca, who has served as Altra’s Vice President of Finance, Corporate Controller and Treasurer since February 2010, will become Executive Vice President, Chief Financial Officer and Treasurer effective February 1, 2022. In this new role, Mr. Patriacca will report to Carl Christenson, Altra’s Chairman and Chief Executive Offi..."
10/19/2021 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
Docs: "Altra Appoints Financial Executive La Vonda Williams to its Board of Directors Appointment Enhances Board’s Financial, Operational, and Equity Markets Expertise and Health End-Market Experience BRAINTREE, MA, October 19, 2021 – Altra Industrial Motion Corp. , a leading global manufacturer and supplier of motion control, power transmission, and automation products, today announced that the Company’s Board of Directors has appointed La Vonda Williams, Chief Financial Officer of Onegevity Health, as a new director, effective October 19, 2021. Ms. Williams’ appointment follows the appointments of Nicole Parent Haughey and Scott Hall in 2020, marking a significant refreshment of the composition of Altra’s Board. “We are thrilled to welcome La Vonda, an innovative, influential and proven ..."
07/23/2021 8-K Quarterly results
Docs: "Altra Reports Second Quarter 2021 Results Broad-Based Demand Strength Drives Record Quarterly Sales Raises 2021 Guidance BRAINTREE, Mass., July 23, 2021 -- Altra Industrial Motion Corp. , a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results for the second quarter ended June 30, 2021. Q2 2021 Financial Highlights YOY Change Net sales $488.6M $400.8M 21.9%  Q2 2021 Organic Sales growth* was 17.2% for the combined business compared with the second quarter of 2020.  Q2 2021 Power Transmission Technologies segment Organic Sales were up 16.1%; Automation & Specialty segment Organic Sales were up 18.0% compared with the prior year.*  Q2 2021 North America Organic Sales up 27.3%...",
"23, 2021 10:00 AM ET"
05/03/2021 8-K Quarterly results
04/29/2021 8-K Quarterly results
02/16/2021 8-K Quarterly results
02/12/2021 8-K Quarterly results
10/23/2020 8-K Results of Operations and Financial Condition, Financial Statements and Exhibits  Interactive Data
Docs: "Altra Reports Third-Quarter 2020 Results Q3 Financial Performance Exceeds Sales and Profitability Expectations Reduces Debt by $60 Million on Strong Operating Cash Flow Increases Quarterly Dividend by 50% Raises 2020 Guidance",
"Charts to be used during the investor conference call"
10/20/2020 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements...
Docs: "Altra Appoints Veteran Industrials Executive J. Scott Hall to its Board of Directors Continues Board Refreshment Following the Appointment of Nicole Parent Haughey in April 2020"
07/24/2020 8-K Quarterly results
05/29/2020 8-K Other Events  Interactive Data
05/01/2020 8-K Submission of Matters to a Vote of Security Holders  Interactive Data
04/30/2020 8-K Results of Operations and Financial Condition, Financial Statements and Exhibits  Interactive Data
Docs: "Altra Reports First-Quarter 2020 Results and Provides Business Update Q1 Financial Performance Reflects Moderate COVID-19 Impact Swift Actions Taken on Employee Safety, Supply Chain Security and Business Continuity",
"Charts to be used during the investor conference call"
04/16/2020 8-K Other Events  Interactive Data
03/19/2020 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ...
02/14/2020 8-K Quarterly results
02/13/2020 8-K Quarterly results
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