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Last $24.94 USD
Change Today +0.28 / 1.14%
Volume 99.1K
AIMC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

altra industrial motion corp (AIMC) Key Developments

Altra Industrial Motion Corp. Enters into First Amendment to its Existing Credit Agreement, Dated as of December 6, 2013

On August 13, 2015, Altra Industrial Motion Corp. entered into a first amendment to its existing credit agreement, dated as of December 6, 2013, among Altra, certain of its subsidiaries, JPMorgan Chase Bank, N.A., and the lenders listed therein. The amendment revised the definition of a change in control set fourth in Section 1.01 of the Credit Agreement. The description of the amendment is qualified in its entirety by reference to the full text of the amendment.

Altra Industrial Motion Corp. Presents at Jefferies 11th Annual Industrials Conference, Aug-12-2015 02:40 PM

Altra Industrial Motion Corp. Presents at Jefferies 11th Annual Industrials Conference, Aug-12-2015 02:40 PM. Venue: Grand Hyatt, 109 E. 42nd Street, New York, New York, United States.

Altra Industrial Motion Corp. Reports Unaudited Consolidated Financial Results for the Second Quarter and Year to Date Ended June 30, 2015; Maintains Earnings Guidance for the Full Year of 2015

Altra Industrial Motion Corp. reported unaudited consolidated financial results for the second quarter and year to date ended June 30, 2015. For the quarter, the company reported net income of $9,625,000, net income attributable to the company was $9,679,000 or $0.37 per diluted share on net sales of $196,610,000 against net income of $12,818,000, net income attributable to the company was $12,818,000 or $0.46 per diluted share on net sales of $215,198,000 a year ago. Income from operations was $17,713,000 and income before income taxes was $13,985,000 against income from operations was $21,959,000 and income before income taxes was $18,762,000 a year ago. Non-GAAP income from operations was $20,300,000 against $22,414,000 a year ago. Non-GAAP net income was $11,487,000 or $0.43 per diluted share against net income of $13,110,000 or $0.48 per diluted share a year ago. For the year to date, the company reported net income of $19,015,000, net income attributable to the company was $19,078,000 or $0.73 per diluted share on net sales of $389,971,000 against net income of $24,181,000, net income attributable to the company was $24,162,000 or $0.87 per diluted share on net sales of $425,336,000 a year ago. Income from operations was $33,366,000 and income before income taxes was $27,511,000 against income from operations was $41,604,000 and income before income taxes was $34,854,000 a year ago. Non-GAAP income from operations was $38,447,000 against $44,636,000 a year ago. Non-GAAP net income was $22,619,000 or $0.85 per diluted share against net income of $26,238,000 or $0.96 per diluted share a year ago. Net cash flows from operating activities were $30,114,000 compared to $37,731,000 a year ago. Purchase of property, plant and equipment were $13,482,000 compared to $10,923,000 a year ago. The company is maintaining its previous guidance and expects sales in the range of $760 to $780 million and non-GAAP diluted EPS guidance in the range of $1.60 to $1.75 for 2015. This guidance includes savings from the restructuring actions taken to date. The company expects its tax rate for the full year to be approximately 30% to 32% before discrete items. The company continues to expect capital expenditures in the range of $24 to $26 million and depreciation and amortization in the range of $30 to $32 million.

Altra Industrial Motion Corp. Approves Third Quarter 2015 Cash Dividend, Payable on October 2, 2015

Altra Industrial Motion Corp. announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.15 per share for the third quarter of 2015. The dividend will be paid on October 2, 2015 to shareholders of record as of the close of business on September 18, 2015.

Altra Industrial Motion Corp. to Report Q2, 2015 Results on Jul 23, 2015

Altra Industrial Motion Corp. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 23, 2015

 

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