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Last $25.01 USD
Change Today +0.07 / 0.28%
Volume 111.8K
AIMC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

altra industrial motion corp (AIMC) Snapshot

Open
$24.69
Previous Close
$24.94
Day High
$25.25
Day Low
$24.56
52 Week High
09/2/14 - $33.56
52 Week Low
01/27/15 - $22.73
Market Cap
658.0M
Average Volume 10 Days
105.3K
EPS TTM
$1.60
Shares Outstanding
26.3M
EX-Date
09/16/15
P/E TM
15.6x
Dividend
$0.60
Dividend Yield
2.04%
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: $612.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $390.2K
Vice President of Legal & Human Resources, Ge...
Total Annual Compensation: $270.3K
Vice President of Marketing and Business Deve...
Total Annual Compensation: $222.4K
Vice President of Global Sales
Total Annual Compensation: $236.5K
Compensation as of Fiscal Year 2014.

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.

 

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AIMC

Industry Average

Valuation AIMC Industry Range
Price/Earnings 19.0x
Price/Sales 0.8x
Price/Book 2.6x
Price/Cash Flow 18.7x
TEV/Sales 0.5x
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