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Altra Industrial Motion Corp (AIMC.OQ)

AIMC.OQ on NASDAQ Stock Exchange Global Select Market

29.86USD
13 Sep 2019
Change (% chg)

$0.17 (+0.57%)
Prev Close
$29.69
Open
$30.00
Day's High
$30.31
Day's Low
$29.50
Volume
97,921
Avg. Vol
158,968
52-wk High
$44.05
52-wk Low
$23.52

Latest Key Developments (Source: Significant Developments)

Altra Reports Second Quarter Earnings Per Share Of $0.45
Thursday, 25 Jul 2019 

July 25 (Reuters) - Altra Industrial Motion Corp ::ALTRA REPORTS SECOND-QUARTER 2019 RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.71.Q2 EARNINGS PER SHARE $0.45.Q2 SALES $466.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF $488.9 MILLION.SEES FY 2019 NON-GAAP EARNINGS PER SHARE $2.81 TO $2.97.SEES FY 2019 GAAP EARNINGS PER SHARE $1.81 TO $1.95.SEES FY 2019 SALES $1.85 BILLION TO $1.88 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.79 -- REFINITIV IBES DATA.ON TRACK TO EXCEED 2019 SYNERGY TARGETS AND ACHIEVE DEBT REDUCTION TARGET.RESETTING 2019 GUIDANCE TO ALIGN WITH MARKET CONDITIONS.  Full Article

Altra Industrial Motion Reports Q1 Earnings Per Share Of $0.55
Friday, 26 Apr 2019 

April 26 (Reuters) - Altra Industrial Motion Corp ::ALTRA REPORTS FIRST-QUARTER 2019 RESULTS.Q1 NON-GAAP EARNINGS PER SHARE $0.80.Q1 EARNINGS PER SHARE $0.55.Q1 EARNINGS PER SHARE ESTIMATE $0.72 -- REFINITIV IBES DATA.SEES FY 2019 NON-GAAP EARNINGS PER SHARE $3.02 TO $3.18.SEES FY 2019 GAAP EARNINGS PER SHARE $2.10 TO $2.18.SEES FY 2019 SALES $1.92 BILLION TO $1.95 BILLION.Q1 SALES $482.8 MILLION VERSUS REFINITIV IBES ESTIMATE OF $478.5 MILLION.REITERATES 2019 TOP-LINE AND PROFITABILITY GUIDANCE REFLECTING CONTINUED SALES AND EARNINGS GROWTH.  Full Article

Altra Reports Q4 Loss Per Share $0.08
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Altra Industrial Motion Corp ::ALTRA REPORTS FOURTH-QUARTER 2018 RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $0.65.Q4 EARNINGS PER SHARE ESTIMATE $0.71 -- REFINITIV IBES DATA.Q4 LOSS PER SHARE $0.08.SEES FY 2019 SALES $1.92 BILLION TO $1.95 BILLION.Q4 SALES $469.2 MILLION VERSUS REFINITIV IBES ESTIMATE OF $457.4 MILLION.SEES 2019 GAAP DILUTED EPS IN RANGE OF $2.10 TO $2.18.SEES 2019 NON-GAAP DILUTED EPS IN RANGE OF $3.02 TO $3.18.SEES 2019 NON-GAAP ADJUSTED EBITDA IN RANGE OF $415 TO $430 MILLION.SEES 2019 CAPITAL EXPENDITURES IN RANGE OF $60 TO $65 MILLION.SEES 2019 DEPRECIATION AND AMORTIZATION IN RANGE OF $130 TO $140 MILLION.  Full Article

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

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 

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 

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 

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 

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