reports
Regal Rexnord and Altra Announce Receipt of All Required Regulatory Ap...
Regal Rexnord and Altra Announce Receipt of All Required Regulatory Approvals for Merger 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 a...
Altra Reports Fourth Quarter 2022 Results
Altra Reports Fourth Quarter 2022 Results 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...
Altra Industrial Motion Corp. Announces First Quarter 2023 Dividend
Altra Industrial Motion Corp. Announces First Quarter 2023 Dividend BRAINTREE, Mass., Feb. 01, 2023 (GLOBE NEWSWIRE) -- (Nasdaq: ), 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,...
Altra Industrial Motion Corp. Announces Fourth Quarter 2022 Dividend
Altra Industrial Motion Corp. Announces Fourth Quarter 2022 Dividend BRAINTREE, Mass., Nov. 02, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: ), 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 Decem...
Altra Reports Third Quarter 2022 Results
Altra Reports Third Quarter 2022 Results 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...
Altra Industrial Motion Corp. Announces Acquisition By Regal Rexnord C...
Altra Industrial Motion Corp. Announces Acquisition By Regal Rexnord Corporation 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 ...
Altra Industrial Motion Corp. to Host Conference Call on Third Quarter...
Altra Industrial Motion Corp. to Host Conference Call on Third Quarter 2022 Financial Results BRAINTREE, Mass., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, intends to release unaudited financial results for the third quarter of 2022 before the market opens on Thursday, November 3, 2022. The company will conduct an investor conference call to discuss its unaudited third quarter financial results on Thursday, November 3, 2022 at 11:00 a.m. ET. The pu...
CORRECTING and REPLACING: Altra Reports Second Quarter 2022 Results
CORRECTING and REPLACING: Altra Reports Second Quarter 2022 Results Broad-Based Demand & Strong Execution Support Sales of $498.1MPricing Initiatives Offset Inflationary Pressures Balance Sheet Strength Highlighted by Leverage Ratio Returning to Low End of Target RangeUpdates 2022 Guidance BRAINTREE, Mass., July 28, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results for the second quarter ended...
Altra Reports Second Quarter 2022 Results
Altra Reports Second Quarter 2022 Results Broad-Based Demand & Strong Execution Support Sales of $498.1MPricing Initiatives Offset Inflationary Pressures Balance Sheet Strength Highlighted by Leverage Ratio Returning to Low End of Target RangeUpdates 2022 Guidance BRAINTREE, Mass., July 28, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), 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, 2022. ...
Altra Industrial Motion Corp. Announces Third Quarter 2022 Dividend
Altra Industrial Motion Corp. Announces Third Quarter 2022 Dividend BRAINTREE, Mass., July 25, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: ), 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 third quarter of 2022. The third quarter 2022 dividend is the forty-second consecutive dividend in the Company’s history. The dividend will be paid on October 4, 2022 to shareholders of record as of the close of business on Septemb...
Altra Industrial Motion Corp. to Host Conference Call on Second Quarte...
Altra Industrial Motion Corp. to Host Conference Call on Second Quarter 2022 Financial Results BRAINTREE, Mass., July 14, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, intends to release unaudited financial results for the second quarter of 2022 before the market opens on Thursday, July 28, 2022. The company will conduct an investor conference call to discuss its unaudited second quarter financial results on Thursday, July 28, 2022 at 11:00 a.m. ET. The public...
Altra Reports First Quarter 2022 Results
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 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation prod...
Altra Announces New $300 Million Share Repurchase Program
Altra Announces New $300 Million Share Repurchase Program BRAINTREE, Mass., April 26, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that its board of directors approved a new share repurchase program authorizing the buyback of up to $300 million of the Company's common stock through December 31, 2024. The Company expects to purchase shares on the open market, through block trades, in privately negotiated transactions, in compliance with SEC Rule 10b-18 (including through ...
Altra Industrial Motion Corp. Announces Second Quarter 2022 Dividend
Altra Industrial Motion Corp. Announces Second Quarter 2022 Dividend BRAINTREE, Mass., April 26, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: ), 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 second quarter of 2022. The second quarter 2022 dividend is the forty-first consecutive dividend in the Company’s history. The dividend will be paid on July 6, 2022 to shareholders of record as of the close of business on June 17...
Altra Industrial Motion Corp. to Present at Oppenheimer 17th Annual In...
Altra Industrial Motion Corp. to Present at Oppenheimer 17th Annual Industrial Growth Conference BRAINTREE, Mass., April 21, 2022 (GLOBE NEWSWIRE) -- (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that management will be presenting at the Oppenheimer 17th Annual Industrial Growth Conference on Tuesday, May 3rd at 11:15 a.m. ET. A live audio webcast of the presentation will be available in the section of Altra's investor relations website at . A webcast replay will be available on the website follo...
Altra Completes Divestiture of Jacobs Vehicle Systems Business
Altra Completes Divestiture of Jacobs Vehicle Systems Business BRAINTREE, Mass., April 14, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that it has completed the previously announced divestiture of its Jacobs Vehicle Systems (JVS) business to Cummins Inc. for $325 million in cash. “We are pleased to announce the completion of this important transaction which will strengthen our balance sheet and capital allocation o...
Altra Releases Inaugural Sustainability Report
Altra Releases Inaugural Sustainability Report BRAINTREE, Mass., March 28, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced the publication of ‘Sustainability in Motion,’ its inaugural Sustainability Report covering the Company’s progress on environmental, social, and governance (ESG) topics. The report illustrates how Altra is leveraging its core values and the Altra Business System (ABS) to drive the Company’s susta...
Altra Industrial Motion Corp. to Host Investor Day Providing New Long-...
Altra Industrial Motion Corp. to Host Investor Day Providing New Long-Term Strategy for Delivering Profitable Growth Introduces 3-Year Financial Targets and Presents Path to $3B by 2027 Webcast to Begin Today at 10:00 a.m. ET BRAINTREE, Mass., March 08, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, will host and webcast its 2022 Investor Day beginning at 10:00 a.m. ET today. During the event, presentations by Chief Executive Offi...
Altra Industrial Motion Corp. to Host and Webcast 2022 Investor Day Li...
Altra Industrial Motion Corp. to Host and Webcast 2022 Investor Day Live on March 8, 2022 BRAINTREE, Mass., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced it will host and webcast its 2022 Investor Day beginning at 10:00 a.m. ET on Tuesday, March 8, 2022. The event should conclude at approximately 12:30 p.m. ET. Presentations by Chief Executive Officer Carl Christenson, Chief Financial Officer Todd Patriacca,...
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