Altra Industrial Motion

Altra Industrial Motion Corp. engages in the design, production, and marketing of electromechanical power transmission motion controls. It operates through the Power Transmission Technologies, and Automation and Specialty segments. The Power Transmission Technologies segment focuses on the production of couplings, clutches, and brakes, electromagnetic clutches and brakes, and gears. The Automation and Specialty segment consists of brands such as Kollmorgen, Portescap, Thomson, and Jacobs Vehicle Systems (JVS). The company was founded in 2004 and is headquartered in Braintree, MA.

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Altra Industrial Motion is a designer and manufacturer of a wide range of motion control and power transmission products. With engineered components and systems that provide the essential control of equipment speed, torque, positioning, and other functions, Altra products can be used in any machine, process, or application involving motion. The company brings together strong brands covering over 40 product lines with production facilities in nine countries and sales coverage in over 70 countries. The brands include Boston Gear, Warner Electric, TB Wood's, Bauer Gear Motor, Formsprag Clutch, Ameridrives Couplings, Industrial Clutch, Kilian Manufacturing, Marland Clutch, Nuttall Gear, Stieber Clutch, Wichita Clutch, Twiflex Limited, Bibby Transmissions, Matrix International, Inertia Dynamics, Huco Dynatork and Warner Linear.

Regal Rexnord Corp

Positions Regal Rexnord For Accelerated Growth, Higher Margins, Stronger Free Cash Flow And Higher ROIC By Enhancing Its Value Proposition With Key Stakeholders Transforms Regal Rexnord's Automation Portfolio Into A Meaningful, Global Automation Solutions Provider, With Over 70% Of Its Sales Into Markets With Secular Growth Tailwinds Combines Complementary Power Transmission Portfolios To Deliver Enhanced Industrial Powertrain Solutions For Customers Portfolio To Be Comprised Of Four Segments: Industrial Powertrain Solutions ("IPS", ~37% Of Pro Forma 2022 Sales), Power Efficiency Solutions ("PES", ~31%), Automation & Motion Control ("AMC", ~24%) And Industrial Systems ("IS", ~8%) Unites Aligned Cultures With Deep Commitments To Serving Customers And Infuses Significant New Talent Into The Organization To Support Growth And Margin Enhancement Initiatives Affirm Anticipated Annualized Cost Synergies Of $160 million By Year Four, Plus Significant Cross-Marketing Revenue Opportunities Expect Net Debt/Adjusted EBITDA At Or Below Previously Communicated Target Of 3.9X By The End Of 2Q 2023, In A Range Of 2.5-3.0x In 2024, And Below 2.5x In 2025 Affirm 2023 Guidance For Legacy Regal Rexnord, Including GAAP Diluted EPS In A Range Of $5.64 To $6.44 And Adjusted Diluted EPS In A Range Of $10.05 To $10.85 Reiterate Pro Forma Targets For 2025 Revenue Of ~$8.3 Billion, Adjusted Gross Margin Of ~40%, Adjusted EBITDA Margins >25%, Adjusted EPS Of ~$18, And Annual Free Cash Flow ~$1.1 Billion And $1.4 Billion In 2026 BELOIT, Wis. , March 27, 2023 /PRNewswire/ -- Today, Regal Rexnord Corporation (NYSE: RRX) announced it has completed the acquisition of Altra Industrial Motion Corp. (Nasdaq: AIMC), closing the deal that was signed on October 26, 2022.

REGAL REXNORD CORPORATION COMPLETES ACQUISITION OF ALTRA INDUSTRIAL MOTION CORP.

BELOIT, Wis. and BRAINTREE, Mass., March 22, 2023 (GLOBE NEWSWIRE) -- Regal Rexnord Corporation (NYSE: RRX) (“Regal Rexnord”) and Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra”) jointly announced today that they have received all required regulatory approvals to complete the previously announced acquisition of all of the issued and outstanding shares of common stock of Altra, whereby a wholly owned subsidiary of Regal Rexnord will be merged with and into Altra, with Altra surviving the merger as a wholly owned subsidiary of Regal Rexnord (the “Transaction”).

Regal Rexnord and Altra Announce Receipt of All Required Regulatory Approvals for Merger

REGAL REXNORD AND ALTRA ANNOUNCE RECEIPT OF ALL REQUIRED REGULATORY APPROVALS FOR MERGER

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Altra Industrial's (AIMC) Q4 results reflect lower revenues due to the divestiture of the JVS business and unfavorable movements in foreign currencies.

Altra Industrial's (AIMC) Q4 Earnings Miss, Revenues Dip Y/Y

BRAINTREE, Mass., March 01, 2023 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a premier global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results as of and for the fourth quarter and year ended December 31, 2022.

Altra Reports Fourth Quarter 2022 Results

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BRAINTREE, Mass., Feb. 01, 2023 (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 $0.09 per share for the first quarter of 2023. The first quarter 2023 dividend is the forty-fourth consecutive dividend in the Company's history. The dividend will be paid on April 4, 2023 to shareholders of record as of the close of business on March 16, 2023. 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 availability.

Altra Industrial Motion Corp. Announces First Quarter 2023 Dividend

NEW ORLEANS--( BUSINESS WIRE )--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Altra Industrial Motion Corp. (NasdaqGS: AIMC) to Regal Rexnord Corporation. Under the terms of the proposed transaction, shareholders of Altra will receive only $62.00 in cash for each share of Altra that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

ALTRA INDUSTRIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Altra Industrial Motion Corp. - AIMC

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Altra Industrial's (AIMC) Q3 revenues declined 0.6% year over year due to the divestiture of the JVS business and changes in foreign exchange rates.

Altra Industrial (AIMC) Down 4.5% Since Q3 Earnings Release

BRAINTREE, Mass., Nov. 02, 2022 (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 $0.09 per share for the fourth quarter of 2022. The fourth quarter 2022 dividend is the forty-third consecutive dividend in the Company's history. The dividend will be paid on January 3, 2023 to shareholders of record as of the close of business on December 16, 2022. 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 availability.

Altra Industrial Motion Corp. Announces Fourth Quarter 2022 Dividend

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SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates KNBE, AIMC, SBCF, PFHD

BELOIT, Wis. , Oct. 31, 2022 /PRNewswire/ -- Regal Rexnord Corporation (NYSE: RRX) Third Quarter Highlights Sales Up 48% Versus PY And Up 8% On An Organic Basis* Daily Orders Down 3.6% In 3Q Versus PY On A Pro Forma, Constant Currency Basis Backlog Up Nearly 70% Versus Beginning of 2021; Book-To-Bill Ratio Above 1.00 For Prior 7 Quarters, Averaging 1.10 In 2021 and 1.01 YTD In 2022 Adjusted EBITDA Margin* Up 120 Basis Points Versus PY To 20.9%; Price/Cost Remained Positive Adjusted Diluted EPS* Of $2.66 Versus $2.88 In PY; GAAP Diluted EPS Of $1.80 Versus $1.95 In PY Free Cash Flow Conversion* Of 93% Net Debt To Adjusted EBITDA Of 1.4x Raising Guidance Mid-Point By Revising 2022 Annual Guidance For Adjusted EPS To A Range Of $10.35 To $10.75 From $10.20 To $10.80 And Revising GAAP EPS Guidance To A Range Of $7.15 To $7.55 From $7.01 To $7.61 M&A Synergies Remain Ahead Of Plan CEO Louis Pinkham commented, "I am extremely pleased with our 3Q performance.

REGAL REXNORD CORPORATION REPORTS STRONG THIRD QUARTER 2022 FINANCIAL RESULTS

Altra (AIMC) delivered earnings and revenue surprises of -3.61% and 0.36%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Altra Industrial Motion (AIMC) Lags Q3 Earnings and Revenue Estimates

BRAINTREE, Mass., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a premier global manufacturer and supplier of motion control, power transmission and automation products, today announced unaudited financial results as of and for the third quarter ended September 30, 2022.

Altra Reports Third Quarter 2022 Results

NEW YORK , Oct. 27, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Altra Industrial Motion Corp. ("Altra" or the "Company") (NASDAQ: AIMC) in connection with the proposed acquisition of the Company by Regal Rexnord Corporation (NYSE: RRX). Under the merger agreement, the Company's shareholders will receive $62.00 in cash for each share of Altra common stock owned.

SHAREHOLDER ALERT: Weiss Law Investigates Altra Industrial Motion Corp.

Wilmington, Delaware--(Newsfile Corp. - October 27, 2022) - Rigrodsky Law, P.A. is investigating Altra Industrial Motion Corp. ("Altra") (NASDAQ GS: AIMC) regarding possible breaches of fiduciary duties and other violations of law related to Altra's agreement to be acquired by Regal Rexnord Corporation. Under the terms of the agreement, Altra's shareholders will receive $62.00 per share.To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-altra-industrial-motion-corp. To contact Seth D.

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Altra Industrial Motion Corp. Buyout

Altra Industrial Motion's shareholders liked today's announcement more than Regal Rexnord's.

Acquisition Announcement Sends Altra Industrial Motion Higher and Regal Rexnord Into Tailspin

Regal Rexnord Corporation (NYSE: RRX) announced it is buying Altra Industrial Motion Corp. (AIMC) for $4.95 billion. These are the details.

Why Regal Rexnord (RRX) Is Buying Altra Industrial Motion (AIMC) For $4.95 Billion

Altra Industrial Motion (NASDAQ: AIMC ) stock is taking off on Thursday after announcing an acquisition deal with Regal Rexnord. That deal will see Regal Rexnord acquiring all outstanding shares of AIMC stock.

Why Is Altra Industrial (AIMC) Stock Up 48% Today?

MILWAUKEE , Oct. 27, 2022 /PRNewswire/ -- Ademi LLP is investigating Altra (NASDAQ: AIMC) for possible breaches of fiduciary duty and other violations of law in its transaction with Regal Rexnord.  Click here to learn how to join the action https://www.ademilaw.com/case/altra-industrial-motion-corp or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Altra Industrial Motion Corp. has obtained a Fair Price in its transaction with Regal Rexnord

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Altra Industrial Motion Corp. (NASDAQ: AIMC) to Regal Rexnord Corporation for $62.00 per share is fair to Altra shareholders.

AIMC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Altra Industrial Motion Corp. Is Fair to Shareholders

Shares of Altra Industrial Motion Corp. AIMC, +1.95% rocketed 48.1% toward an 11-month high in premarket trading Thursday, after the electromechanical power transmission motion controls company announced an agreement to be acquired by Regal Rexnord Corp. RRX, +0.84% in a cash deal with an enterprise value of $4.95 billion. Regal's stock was still untraded in the premarket.

Altra Industrial Motion stock rockets after buyout deal with Regal Rexnord at a 54% premium

BRAINTREE, Mass., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a premier global manufacturer and supplier of motion control, power transmission and automation products, announced today that it has entered into a definitive agreement to be acquired by Regal Rexnord Corporation (“Regal Rexnord”) for approximately $5.0 billion on an enterprise value basis. Under the terms of the agreement, Altra shareholders will receive $62.00 in cash for each share of Altra common stock, representing a 54% premium to the closing price of the Company's common stock on October 26, 2022. Regal Rexnord has fully committed debt financing and there are no financing conditions associated with the transaction.

Altra Industrial Motion Corp. Announces Acquisition By Regal Rexnord Corporation

News for Altra Industrial Motion Stock (AIMC)