Altra Industrial Motion Corp. (AIMC)
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Altra Industrial (AIMC) Q3 earnings reflect the impacts of end-market strength, supply-chain issues, logistics and labor problems, and inflation. It lowers earnings and revenue projections for 2021.
Altra Industrial Motion Corp. (AIMC) CEO Carl Christenson on Q3 2021 Results - Earnings Call Transcript2021-10-22 16:28
Altra Industrial Motion Corp. (AIMC) CEO Carl Christenson on Q3 2021 Results - Earnings Call Transcript
Altra (AIMC) delivered earnings and revenue surprises of -2.44% and -0.31%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
Altra Industrial Motion (NASDAQ:AIMC) reported its Q3 earnings results on Friday, October 22, 2021 at 08:00 AM. Here's what investors need to know about the announcement.
Altra Industrial Motion Corp (NASDAQ: AIMC) reported third-quarter FY21 sales growth of 7.2% year-over-year to $469.3 million, +5.8% on an organic basis, missing the consensus of $470.98 million. Adjusted EPS decreased to $0.80 from $0.87 in 3Q20, missing the consensus of $0.81.
Demand and Fundamentals Remain Strong as Company Navigates Current Macro-Environment
Altra Announces Retirement of CFO Christian Storch and Appoints Altra Veteran Todd B. Patriacca as Chief Financial Officer2021-10-22 07:00
BRAINTREE, Mass., Oct. 22, 2021 (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 Christian Storch, Executive Vice President and Chief Financial Officer, will be retiring on January 31, 2022 following a 14-year career at Altra. Todd B. Patriacca, who has served as Altra's Vice President of Finance, Corporate Controller and Treasurer since February 2010, will become Executive Vice President, Chief Financial Officer and Treasurer effective February 1, 2022. In this new role, Mr. Patriacca will report to Carl Christenson, Altra's Chairman and Chief Executive Officer.
BRAINTREE, Mass., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC), 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 $0.08 per share for the fourth quarter of 2021. The fourth quarter 2021 dividend is the thirty-ninth consecutive dividend in the Company's history. The dividend will be paid on January 4, 2022 to shareholders of record as of the close of business on December 17, 2021. Future declarations of quarterly cash dividends are subject to approval by the Board of Directors and to the Board's continuing determination that the declaration of dividends is in the best interests of Altra's shareholders and is in compliance with all laws and agreements of Altra applicable to the declaration and payment of cash dividends. Future dividends may be further adjusted at the Board's discretion based on market conditions and capital
Appointment Enhances Board's Financial, Operational, and Equity Markets Expertise and Health End-Market Experience Appointment Enhances Board's Financial, Operational, and Equity Markets Expertise and Health End-Market Experience
Analysts Estimate Altra Industrial Motion (AIMC) to Report a Decline in Earnings: What to Look Out for2021-10-15 16:28
Altra (AIMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.