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Altra Industrial Motion Corp (AIMC.OQ)

AIMC.OQ on NASDAQ Stock Exchange Global Select Market

39.40USD
16 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Altra Industrial Motion Says Co's Management To Lead Combined Co Following Closing Of Deal With Fortive
Wednesday, 7 Mar 2018 08:21am EST 

March 7 (Reuters) - Altra Industrial Motion Corp ::ALTRA INDUSTRIAL MOTION SAYS CO'S MANAGEMENT TO LEAD COMBINED CO FOLLOWING CLOSING OF DEAL WITH FORTIVE - SEC FILING.ALTRA INDUSTRIAL MOTION SAYS CARL CHRISTENSEN WILL BE CHAIRMAN OF BOARD OF COMBINED CO FOLLOWING CLOSING OF DEAL WITH FORTIVE.  Full Article

Fortive Agrees To Combine Automation And Specialty Businesses With Altra Industrial Motion Corp
Wednesday, 7 Mar 2018 07:02am EST 

March 7 (Reuters) - Fortive Corp ::FORTIVE ANNOUNCES AGREEMENT TO COMBINE AUTOMATION AND SPECIALTY BUSINESSES WITH ALTRA INDUSTRIAL MOTION CORP..FORTIVE - ‍IN SPLIT-OFF, CO EXPECTS DILUTION IMPACT TO NET EPS WOULD BE ABOUT 8-9% ON ANNUAL BASIS AS RESULT OF DISTRIBUTION​.FORTIVE CORP - ‍UNDER TERMS OF DEFINITIVE TRANSACTION AGREEMENTS, CO WILL CREATE UNIT TO HOLD A&S PLATFORM​.FORTIVE CORP - ‍WILL DISTRIBUTE OWNERSHIP OF A&S UNIT TO FORTIVE SHAREHOLDERS IN EITHER A SPLIT-OFF OR SPIN-OFF TRANSACTION​.FORTIVE CORP - ‍DISTRIBUTION OF OWNERSHIP OF A&S UNIT WILL BE FOLLOWED BY MERGER OF A&S UNIT WITH UNIT OF ALTRA​.FORTIVE CORP - ‍IF CO ELECTS SPIN-OFF, SHARES OF A&S UNIT TO BE DISTRIBUTED TO ALL OF ITS SHAREHOLDERS ON PRO RATA BASIS​.FORTIVE CORP - ‍IF CO ELECTS SPLIT-OFF, ITS SHAREHOLDERS WOULD HAVE OPPORTUNITY TO EXCHANGE THEIR SHARES FOR SHARES OF A&S UNIT.FORTIVE CORP - ‍COMBINATION WILL BE EFFECTED AS A REVERSE MORRIS TRUST, WHICH IS EXPECTED TO BE TAX-EFFICIENT TO CO.  Full Article

Press Release - Altra Industrial Motion Corp. To Combine With Fortive’s Automation & Specialty Platform
Wednesday, 7 Mar 2018 07:00am EST 

March 7 (Reuters) - Altra Industrial Motion Corp ::PRESS RELEASE - ALTRA INDUSTRIAL MOTION CORP. TO COMBINE WITH FORTIVE’S AUTOMATION & SPECIALTY PLATFORM TO CREATE A GLOBAL LEADER IN THE POWER TRANSMISSION AND MOTION CONTROL INDUSTRY.ALTRA INDUSTRIAL MOTION CORP - DEAL FOR APPROXIMATELY $3.0 BILLION.ALTRA INDUSTRIAL MOTION CORP - TRANSACTION EXPECTED TO BE IMMEDIATELY ACCRETIVE TO NON-GAAP ADJUSTED DILUTED EARNINGS PER SHARE.ALTRA INDUSTRIAL MOTION CORP - EXPECTED TO GENERATE ANNUAL SYNERGIES, VAST MAJORITY OF WHICH ARE COST, OF MORE THAN $50 MILLION FROM DEAL.ALTRA INDUSTRIAL MOTION - BOARD UNANIMOUSLY APPROVED AGREEMENT TO COMBINE CO WITH 4 OPERATING COS FROM FORTIVE'S AUTOMATION AND SPECIALTY PLATFORM.ALTRA INDUSTRIAL MOTION CORP - TRANSACTION IS EXPECTED TO BE TAX FREE TO COMPANIES' RESPECTIVE SHAREHOLDERS.ALTRA INDUSTRIAL MOTION CORP - COMBINED COMPANY IS EXPECTED TO GENERATE CUMULATIVE FIVE-YEAR FREE CASH FLOWS IN EXCESS OF $1 BILLION.ALTRA INDUSTRIAL MOTION CORP - DEAL TO DOUBLE ALTRA'S RE TO ABOUT $1.8 BILLION FOR TWELVE MONTHS ENDED DECEMBER 31, 2017.ALTRA INDUSTRIAL MOTION CORP - WILL INCREASE SIZE OF ITS BOARD WITH ADDITION OF ONE BOARD MEMBER DESIGNATED BY FORTIVE.ALTRA INDUSTRIAL MOTION - TOTAL CONSIDERATION TO FORTIVE INCLUDES $1.4 BILLION OF CASH PROCEEDS AND DEBT REDUCTION FOR FORTIVE.ALTRA INDUSTRIAL MOTION - COMBINED CO WILL CONTINUE TO BE LED BY ALTRA'S CURRENT CHAIRMAN AND CEO CARL CHRISTENSON, CHRISTIAN STORCH TO REMAIN CFO.  Full Article

Altra Industrial Motion Reports Q4 EPS Of $0.43
Wednesday, 21 Feb 2018 07:00am EST 

Feb 21 (Reuters) - Altra Industrial Motion Corp ::ALTRA REPORTS FOURTH-QUARTER 2017 RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $0.47.Q4 EARNINGS PER SHARE $0.43.Q4 SALES ROSE 29.4 PERCENT TO $223.3 MILLION.SEES FY 2018 NON-GAAP EARNINGS PER SHARE $2.30 TO $2.43.SEES FY 2018 GAAP EARNINGS PER SHARE $2.12 TO $2.20.SEES FY 2018 SALES $895 MILLION TO $915 MILLION.Q4 EARNINGS PER SHARE VIEW $0.47, REVENUE VIEW $215.4 MILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.42, REVENUE VIEW $906.3 MILLION -- THOMSON REUTERS I/B/E/S.ALTRA INDUSTRIAL MOTION- ‍FOR Q4, REPORTING A PROVISIONAL $0.02 PER SHARE BENEFIT DUE TO NEW TAX LEGISLATION; EXCLUDED THIS AMOUNT FROM NON-GAAP EPS.ALTRA INDUSTRIAL MOTION - ‍GOING FORWARD, DUE TO LOWERING OF U.S. CORPORATE INCOME TAX RATE, EXPECTS ITS CONSOLIDATED TAX RATE TO BE ABOUT 25% TO 27%​.  Full Article

ALTRA INDUSTRIAL MOTION CORP Q3 NON-GAAP EARNINGS PER SHARE $0.48
Friday, 20 Oct 2017 07:00am EDT 

Oct 20 (Reuters) - Altra Industrial Motion Corp ::ALTRA REPORTS THIRD-QUARTER 2017 RESULTS.Q3 NON-GAAP EARNINGS PER SHARE $0.48.Q3 EARNINGS PER SHARE $0.46.Q3 SALES $214.6 MILLION VERSUS I/B/E/S VIEW $210.9 MILLION.Q3 EARNINGS PER SHARE VIEW $0.46 -- THOMSON REUTERS I/B/E/S.SEES FY 2017 NON-GAAP EARNINGS PER SHARE $2.00 TO $2.06.SEES FY 2017 GAAP EARNINGS PER SHARE $1.76 TO $1.82.SEES FY 2017 SALES $860 MILLION TO $870 MILLION.FY2017 EARNINGS PER SHARE VIEW $2.04, REVENUE VIEW $861.2 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Altra Q2 non-GAAP earnings per share $0.57
Tuesday, 25 Jul 2017 07:00am EDT 

July 25 (Reuters) - Altra Industrial Motion Corp :Altra reports second-quarter 2017 results.Q2 non-GAAP earnings per share $0.57.Q2 earnings per share $0.53.Q2 sales $223.4 million versus I/B/E/S view $219.4 million.Q2 earnings per share view $0.50 -- Thomson Reuters I/B/E/S.Altra Industrial Motion Corp - ‍raises full-year guidance​.Sees FY 2017 sales $850 million to $865 million.Altra Industrial Motion Corp - expects full-year 2017 net income in range of $50.5 to $53.5 million.Sees FY 2017 GAAP earnings per share $1.74 to $1.84.Altra Industrial Motion Corp - expects full-year 2017 non-GAAP net income in range of $56.7 to $59.7 million.Sees FY 2017 non-GAAP earnings per share $1.95 to $2.05.FY2017 earnings per share view $1.93, revenue view $853.9 million -- Thomson Reuters I/B/E/S.Altra Industrial Motion Corp - expects full year capital expenditures in range of $25 to $30 million.Altra Industrial Motion Corp qtrly operating margin increased 150 basis points year over year to 10.4%.  Full Article

Altra posts Q4 earnings per share of $0.06
Monday, 27 Feb 2017 07:00am EST 

Altra Industrial Motion Corp : Altra reports fourth-quarter and full-year 2016 results, provides 2017 outlook . Q4 non-gaap earnings per share $0.41 . Q4 earnings per share $0.06 . Q4 sales $172.6 million versus I/B/E/S view $170.3 million . Q4 earnings per share view $0.34 -- Thomson Reuters I/B/E/S . Sees fy 2017 non-gaap earnings per share $1.75 to $1.85 . Sees fy 2017 gaap earnings per share $1.64 to $1.74 . Sees fy 2017 sales $835 million to $855 million . Altra industrial motion corp sees fy 2017 capital expenditures in range of $25 to $30 million .Fy2017 earnings per share view $1.75, revenue view $776.0 million -- Thomson Reuters I/B/E/S.  Full Article