Last $34.10 USD
Change Today -2.05 / -5.67%
Volume 750.0K
AIMC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 5:20 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

altra industrial motion corp (AIMC) Snapshot

Open
$34.00
Previous Close
$36.15
Day High
$34.63
Day Low
$32.98
52 Week High
03/11/14 - $39.60
52 Week Low
07/26/13 - $24.31
Market Cap
923.0M
Average Volume 10 Days
155.6K
EPS TTM
$1.62
Shares Outstanding
27.1M
EX-Date
09/16/14
P/E TM
21.0x
Dividend
$0.48
Dividend Yield
1.23%
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 provides 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; and on-road refrigeration compressor and agricultural equipment clutches. The company also offers indexing and backstopping clutches for industrial applications; and heavy duty clutches and brakes for metal forming, oil and gas drilling platforms, mining, material handling, marine applications, and off-highway and construction equipment. In addition, it provides vertical and horizontal 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. Further, the company offers gear and jaw couplings, high-speed disc and diaphragm couplings, elastomeric and grid couplings, universal joints, and spindles for power generation, steel, and custom machinery industries; and ball and roller bearings, track rollers, thrust and stainless steel bearings, polymer assemblies, housed units, and custom assemblies for the general industrial and automotive markets. Additionally, it provides power transmission components to generate, transfer, or control motion from a power source to an application requiring rotary or linear motion; and engineered belted drives. The company sells its products to original equipment manufacturers and distributor outlets through its direct sales force and independent sales representatives. 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.

3,810 Employees
Last Reported Date: 02/26/14

altra industrial motion corp (AIMC) Top Compensated Officers

Chief Executive Officer, President and Direct...
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 Financial Results for the Second Quarter and Year to Date Ended June 30, 2014; Maintains Earnings Guidance for the Full Year of 2014

Altra Industrial Motion Corp. reported unaudited consolidated financial results for the second quarter and year to date ended June 30, 2014. For the quarter, the company reported 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 against net income of $10,676,000, net income attributable to the company was $10,689,000 or $0.40 per diluted share on net sales of $181,095,000 a year ago. Income from operations was $21,959,000 and income before income taxes was $18,762,000 against income from operations was $18,339,000 and income before income taxes was $15,537,000 a year ago. Non-GAAP net income of $13,110,000 or $0.48 per diluted share against net income of $10,885,000 or $0.41 per diluted share a year ago. For the year to date, the company reported 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 against net income of $22,535,000, net income attributable to the company was $22,569,000 or $0.84 per diluted share on net sales of $366,245,000 a year ago. Income from operations was $41,604,000 and income before income taxes was $34,854,000 against income from operations was $38,142,000 and income before income taxes was $32,782,000 a year ago. Non-GAAP net income of $26,238,000 or $0.96 per diluted share against net income of $23,016,000 or $0.86 per diluted share a year ago. Net cash flows from operating activities were $37,731,000 compared to $32,981,000 a year ago. Purchase of property, plant and equipment were $10,923,000 compared to $9,975,000 a year ago. The company is maintaining its previous revenue guidance for 2014 in the range of $800 to $825 million. The company is reducing its non-GAAP diluted EPS guidance for 2014 to $1.75 to $1.85. The company is maintaining its expectation that its tax rate for the full year will be approximately 31% to 33% before discrete items and that capital expenditures will be in the range of $28 to $30 million. The company is revising its expectation with respect to depreciation and amortization and now expects that it will be in the range of $32 to $34 million.

Altra Industrial Motion Corp. Approves Third Quarter 2014 Cash Dividend, Payable on October 2, 2014

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 third quarter of 2014. This is the tenth consecutive dividend in the Company's history. The dividend will be paid on October 2, 2014 to shareholders of record as of the close of business on September 18, 2014.

Altra Industrial Motion Corp. to Report Q2, 2014 Results on Jul 24, 2014

Altra Industrial Motion Corp. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 24, 2014

 

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AIMC

Industry Average

Valuation AIMC Industry Range
Price/Earnings 23.5x
Price/Sales 1.2x
Price/Book 3.4x
Price/Cash Flow 23.4x
TEV/Sales 0.8x
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