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Last $26.35 USD
Change Today +0.07 / 0.27%
Volume 166.5K
AIMC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 5:20 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

altra industrial motion corp (AIMC) Snapshot

Open
$26.24
Previous Close
$26.28
Day High
$26.56
Day Low
$26.06
52 Week High
07/7/14 - $38.08
52 Week Low
01/27/15 - $22.73
Market Cap
695.4M
Average Volume 10 Days
219.2K
EPS TTM
$1.64
Shares Outstanding
26.4M
EX-Date
03/16/15
P/E TM
16.1x
Dividend
$0.48
Dividend Yield
1.82%
Current Stock Chart for ALTRA INDUSTRIAL MOTION CORP (AIMC)

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altra industrial motion corp (AIMC) Details

Altra Industrial Motion Corp. designs, produces, and markets electromechanical power transmission products worldwide. It operates through three segments: Clutches and Brakes, Couplings, and Gearing and Power Transmission Components. The company offers clutches and brakes for material handling, forklift, elevator, medical mobility, mobile off-highway, baggage handling, and plant productivity applications, as well as for walk-behind and commercial mowers, and residential lawn tractors. It also offers indexing and backstopping clutches for industrial applications; heavy duty clutches and brakes for metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications, as well as off-highway and construction equipment segments; and gear drives, speed reducers and increasers, high-speed compressor drives, enclosed custom gear drives, enclosed gear drive and gear motor configurations, and open gearing products for industrial, material handling, mixing, transportation, and food processing applications. In addition, the company provides engineered bearing assemblies that support, guide, and reduce friction of motion between fixed and moving machine parts; and engineered belted drives, which change the speed of an electric motor or engine to the required level. Further, it offers couplings, such as gear, diaphragm and disc, elastomeric, miniature, and precision couplings, as well as universal joints, mill spindles, and shaft locking devices for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway industries. Altra Industrial Motion Corp. sells its products through original equipment manufacturers and industrial distributors, as well as directly to end users. 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. is headquartered in Braintree, Massachusetts.

3,957 Employees
Last Reported Date: 02/26/15

altra industrial motion corp (AIMC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $600.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $382.5K
Vice President of Legal & Human Resources, Ge...
Total Annual Compensation: $265.0K
Vice President of Marketing and Business Deve...
Total Annual Compensation: $218.0K
Vice President of Global Sales
Total Annual Compensation: $231.9K
Compensation as of Fiscal Year 2013.

altra industrial motion corp (AIMC) Key Developments

Altra Industrial Motion Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

Altra Industrial Motion Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company realized net income of $9.1 million, or $0.34 per basic and diluted share, compared with $7.2 million, or $0.27 per basic and diluted share a year ago. Non-GAAP net income increased to $11.2 million, or $0.42 per diluted share, from $10.1 million, or $0.38 per share a year ago. Net sales were $192 million, compared with $180.5 million in the comparable quarter. Income from operations was $15.700 million against $14.550 million a year ago. Income before income taxes was $13.146 million against $10.920 million a year ago. For the year, the company reported net sales of $819.817 million against $722.218 million a year ago. Income before income taxes was $63.118 million against $59.336 million a year ago. Income from operations was $75.109 million against $71.579 million a year ago. Net income attributable to the company was $40.167 million or $1.47 per basic share against $40.275 million or $1.50 per basic share a year ago. Non-GAAP net income was $49.652 million or $0.38 per share against $43.893 million or $1.64 per share a year ago. Net cash flows from operating activities were $84.499 million against $89.625 million a year ago. Purchase of property, plant and equipment was $28.050 million against $27.823 million a year ago. For 2015, the company is currently forecasting sales in the range of $765 million to $800 million and non-GAAP diluted EPS in the range of $1.65 to $1.85. The company expects its tax rate for the full year to be approximately 30% to 32% before discrete items. The company also expects capital expenditures in the range of $24 million to $26 million and depreciation and amortization in the range of $30 million to $32 million.

Altra Industrial Mulls Acquisitions

Altra Industrial Motion Corp. (NasdaqGS:AIMC) intends to pursue acquisitions. "In terms of M&A, our balance sheet is solid, and we continue to pursue strategic acquisitions, with the emphasis on strategic in this market," Carl Christenson, Chief Executive Officer, said.

Altra Industrial Motion Corp. Declares Dividend for First Quarter of 2015, Payable on April 2, 2015

Altra Industrial Motion Corp. announced that its Board of Directors has approved the payment of a quarterly cash dividend of $0.12 per share for the first quarter of 2015. This is the twelfth consecutive dividend in the company's history.

 

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Industry Analysis

AIMC

Industry Average

Valuation AIMC Industry Range
Price/Earnings 17.9x
Price/Sales 0.8x
Price/Book 2.7x
Price/Cash Flow 17.3x
TEV/Sales 0.5x
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