Last $36.20 USD
Change Today -0.16 / -0.44%
Volume 202.0K
AIMC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 5:20 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

altra industrial motion corp (AIMC) Snapshot

Open
$36.38
Previous Close
$36.36
Day High
$36.46
Day Low
$35.83
52 Week High
03/11/14 - $39.60
52 Week Low
07/26/13 - $24.31
Market Cap
979.8M
Average Volume 10 Days
130.4K
EPS TTM
$1.56
Shares Outstanding
27.1M
EX-Date
09/16/14
P/E TM
23.2x
Dividend
$0.48
Dividend Yield
1.16%
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. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 02:00 PM

Altra Industrial Motion Corp. Presents at KeyBanc Capital Markets Industrial, Automotive & Transportation Conference, May-28-2014 02:00 PM. Venue: InterContinental Hotel, Boston, Massachusetts, United States.

Altra Industrial Motion Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Maintains Earnings Guidance for the Full Year of 2014

Altra Industrial Motion Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. First-quarter 2014 net sales were $210.1 million, compared with $185.2 million in the first quarter of 2013, an increase of 13.5%. First-quarter net income attributable to the company was $11.4 million, or $0.41 per diluted share, compared with $11.9 million, or $0.44 per diluted share, in the first quarter of 2013. Non-GAAP net income in first quarter 2014 increased to $13.1 million, or $0.48 per diluted share, from $12.1 million, or $0.45 per diluted share, a year ago. First quarter 2014 cash flows from operations were strong at $19.1 million, allowing the pay-down of $12.4 million of debt. Income from operations was $19.645 million against $19.803 million a year ago. Income before income taxes was $16.092 million against $17.245 million a year ago. Non-GAAP income from operations was $22.222 million against $20.123 million a year ago. Net cash flows from operating activities were $19.073 million against $9.295 million a year ago. Purchase of property, plant and equipment was $5.617 million against $4.499 million a year ago. The company announced that its free cash flows more than doubling when compared to last year's comparable period. The company is maintaining its previous guidance for 2014. The company is forecasting sales in the range of $800 to $825 million and non-GAAP diluted EPS of $1.85 to $2.00 for 2014. The company expects its tax rate for the full year to be approximately 31% to 33% before discrete items. The company also expects capital expenditures in the range of $28 to $30 million and depreciation and amortization in the range of $34 to $36 million.

Altra Industrial Motion Corp. Approves Dividend for the Second Quarter of 2014, Payable on July 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 second quarter of 2014. The dividend will be paid on July 2, 2014 to shareholders of record as of the close of business on June 18, 2014.

 

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Industry Analysis

AIMC

Industry Average

Valuation AIMC Industry Range
Price/Earnings 24.7x
Price/Sales 1.3x
Price/Book 3.5x
Price/Cash Flow 24.8x
TEV/Sales 0.9x
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