Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in various motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies (PTT) and Automation & Specialty (A&S). The PTT segment offers couplings, such as gear couplings, diaphragm and disc couplings, elastomeric couplings, miniature and precision couplings, universal joints, mill spindles, and shaft locking devices under the Ameridrives, Bibby, Guardian, Huco, Lamiflex, Stromag, and TB Wood's brands; clutches and brakes under the Industrial Clutch, Formsprag, Stieber, Stromag, Svendborg, Twiflex, and Wichita brands; electromagnetic clutches and brakes under the Inertia Dynamics, Matrix, Stromag, and Warner Electric brands; and gears under the Bauer Gear Motor, Boston Gear, Delroyd, and Nuttall brands. The A&S segment provides rotary precision motion solutions, including servo and stepper motors, precision linear actuators, and electronic drives and motion controllers, as well as related software under the Kollmorgen brand; and miniature motors, as well as motion control products, such as brush and brushless DC, can stack, and disc magnet motors under the Portescap brand. This segment also offers linear bearings, guides, glides, lead and ball screws, industrial linear actuators, resolvers, and inductors for the transition of rotary motion to linear motion under the Thomson brand; and heavy-duty diesel engine brake systems and valve actuation mechanisms, including compression release, and bleeder and exhaust brakes under the Jacobs Vehicle Systems brand. The company was formerly known as Altra Holdings, Inc. and changed its name to Altra Industrial Motion Corp. in November 2013. Altra Industrial Motion Corp. was incorporated in 2004 and is headquartered in Braintree, Massachusetts.
IPO Year: 2006
Exchange: NASDAQ
Website: altramotion.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/3/2023 | $62.00 | Buy → Hold | Loop Capital |
| 12/21/2022 | $50.00 → $62.00 | Outperform → Market Perform | BMO Capital Markets |
| 11/1/2022 | $62.00 | Outperform → Neutral | Robert W. Baird |
| 8/26/2022 | $58.00 | Buy | Loop Capital |
| 7/27/2021 | $70.00 → $73.00 | Outperform | BMO Capital |
| 7/26/2021 | $64.00 → $65.00 | Neutral | Rosenblatt |
Positions Regal Rexnord For Accelerated Growth, Higher Margins, Stronger Free Cash Flow And Higher ROIC By Enhancing Its Value Proposition With Key Stakeholders Transforms Regal Rexnord's Automation Portfolio Into A Meaningful, Global Automation Solutions Provider, With Over 70% Of Its Sales Into Markets With Secular Growth TailwindsCombines Complementary Power Transmission Portfolios To Deliver Enhanced Industrial Powertrain Solutions For CustomersPortfolio To Be Comprised Of Four Segments: Industrial Powertrain Solutions ("IPS", ~37% Of Pro Forma 2022 Sales), Power Efficiency Solutions ("PES", ~31%), Automation & Motion Control ("AMC", ~24%) And Industrial Systems ("IS", ~8%)Unites Aligned
BELOIT, Wis. and BRAINTREE, Mass., March 22, 2023 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) ("Regal Rexnord") and Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra") jointly announced today that they have received all required regulatory approvals to complete the previously announced acquisition of all of the issued and outstanding shares of common stock of Altra, whereby a wholly owned subsidiary of Regal Rexnord will be merged with and into Altra, with Altra surviving the merger as a wholly owned subsidiary of Regal Rexnord (the "Transaction"). The closing of the Transaction is expected to occur on or around March 27, 2023, subject to the satisfaction or waiver of the remainin
BELOIT, Wis. and BRAINTREE, Mass., March 22, 2023 (GLOBE NEWSWIRE) -- Regal Rexnord Corporation (NYSE:RRX) ("Regal Rexnord") and Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra") jointly announced today that they have received all required regulatory approvals to complete the previously announced acquisition of all of the issued and outstanding shares of common stock of Altra, whereby a wholly owned subsidiary of Regal Rexnord will be merged with and into Altra, with Altra surviving the merger as a wholly owned subsidiary of Regal Rexnord (the "Transaction"). The closing of the Transaction is expected to occur on or around March 27, 2023, subject to the satisfaction or waiver of the r
BRAINTREE, Mass., March 01, 2023 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra" or the "Company"), 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 Q4 2022Q4 2021YOY Change Net sales $469.4M$469.8M(0.1%) Q4 2022 Organic Sales Growth was 2.3% for the consolidated business compared with the fourth quarter of 2021.* GAAP Net Income $22.3M($87.7M)125.4%GAAP Net Income Margin4.8%(18.7%)2,350 bpsNon-GAAP Net Income*$47.9M$43.4M10.4%Earnings per di
BRAINTREE, Mass., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.09 per share for the first quarter of 2023. The first quarter 2023 dividend is the forty-fourth consecutive dividend in the Company's history. The dividend will be paid on April 4, 2023 to shareholders of record as of the close of business on March 16, 2023. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuing dete
BRAINTREE, Mass., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.09 per share for the fourth quarter of 2022. The fourth quarter 2022 dividend is the forty-third consecutive dividend in the Company's history. The dividend will be paid on January 3, 2023 to shareholders of record as of the close of business on December 16, 2022. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuin
BELOIT, Wis., Oct. 31, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE:RRX) Third Quarter Highlights Sales Up 48% Versus PY And Up 8% On An Organic Basis*Daily Orders Down 3.6% In 3Q Versus PY On A Pro Forma, Constant Currency BasisBacklog Up Nearly 70% Versus Beginning of 2021; Book-To-Bill Ratio Above 1.00 For Prior 7 Quarters, Averaging 1.10 In 2021 and 1.01 YTD In 2022Adjusted EBITDA Margin* Up 120 Basis Points Versus PY To 20.9%; Price/Cost Remained PositiveAdjusted Diluted EPS* Of $2.66 Versus $2.88 In PY; GAAP Diluted EPS Of $1.80 Versus $1.95 In PYFree Cash Flow Conversion* Of 93%Net Debt To Adjusted EBITDA Of 1.4xRaising Guidance Mid-Point By Revising 2022 Annual Guidance For A
BRAINTREE, Mass., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra" or the "Company"), a premier global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results as of and for the third quarter ended September 30, 2022. Q3 2022 Financial Highlights Q3 2022Q3 2021YOY ChangeNet sales$466.3M$469.3M(0.6%) Q3 2022 Organic Sales Growth was 1.9% for the consolidated business compared with the third quarter of 2021.*GAAP Net Income$33.6M$35.4M(5.1%)GAAP Net Income Margin7.2%7.5%(30 bps)Non-GAAP Net Income*$52.3M$52.3M0.0%Non-GAAP Net Income Margin*11.2%11.1%10 bpsEarnings per dil
Transforms Regal Rexnord's automation portfolio into a meaningful, global automation solutions provider, with over 70% of its sales into markets with secular growth tailwindsCombines complementary power transmission portfolios to deliver enhanced industrial powertrain solutions for customersRe-balances Regal Rexnord's portfolio between Motion Control (48% of pro forma sales), Climate Solutions (15%), Commercial Systems (15%), Automation & Specialty (13%), and Industrial Systems (9%)Anticipated annualized cost synergies of $160 million by year four, plus significant revenue cross-marketing opportunitiesCreates compelling value for Regal Rexnord shareholders, with new growth opportunities and
BRAINTREE, Mass., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (NASDAQ:AIMC) ("Altra" or the "Company"), a premier global manufacturer and supplier of motion control, power transmission and automation products, announced today that it has entered into a definitive agreement to be acquired by Regal Rexnord Corporation ("Regal Rexnord") for approximately $5.0 billion on an enterprise value basis. Under the terms of the agreement, Altra shareholders will receive $62.00 in cash for each share of Altra common stock, representing a 54% premium to the closing price of the Company's common stock on October 26, 2022. Regal Rexnord has fully committed debt financing and there are