Altra Industrial Motion

OverviewSuggest Edit

Altra Industrial Motion is a designer, producer, and marketer of motion control and power transmission solutions. It offers clutches and brakes, precision motors, automation solutions, linear systems, engineered gear drives, and various mechanical and electrical components. The company caters to the aerospace, defence, energy, medical, metals and mining, transportation, and other markets.
TypePublic
Founded2004
HQBraintree, MA, US
Websitealtramotion.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2021)9,600(+6%)
Job Openings205
Revenue (FY, 2021)$1.9 B(+11%)
Share Price (Aug 2022)$41.1(+2%)
Cybersecurity ratingBMore
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Key People/Management at Altra Industrial Motion

Carl R. Christenson

Carl R. Christenson

Chairman and Chief Executive Officer
Glenn E. Deegan

Glenn E. Deegan

Chief Legal and Human Resources Officer
Todd B. Patriacca

Todd B. Patriacca

Executive Vice President, Chief Financial Officer and Treasurer
Craig Schuele

Craig Schuele

Executive Vice President, Marketing & Business Development
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Altra Industrial Motion Office Locations

Altra Industrial Motion has offices in Braintree, Arndell Park, Belmont, Paget and in 8 other locations
Braintree, MA, US (HQ)
300 Granite St #201
Arndell Park, AU
1/11 Penny Pl
Belmont, AU
271 Great Eastern Hwy
Paget, AU
14/20-34 Caterpillar Dr
Jardim da Gloria, BR
2970 Av. João Paulo Ablas
Shanghai, CN
168 Yuyuan Rd, Jingan Qu
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Altra Industrial Motion Financials and Metrics

Altra Industrial Motion Revenue

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View revenue for all periods
Altra Industrial Motion's revenue was reported to be $1.9 b in FY, 2021 which is a 10.1% increase from the previous period.
USD

Net income (Q2, 2022)

26.3m

Market capitalization (4-Aug-2022)

2.6b

Closing stock price (4-Aug-2022)

41.1
Altra Industrial Motion's current market capitalization is $2.6 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.8b1.7b1.9b

Revenue growth, %

56%(6%)10%

Cost of goods sold

1.2b1.1b1.2b

Gross profit

656.3m622.4m675.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

434.2m400.8m437.8m472.1m488.6m469.3m511.7m

Cost of goods sold

281.2m257.4m273.7m300.4m312.7m299.4m331.4m

Gross profit

153.0m143.4m164.1m171.7m175.9m169.9m180.3m

Gross profit Margin, %

35%36%37%36%36%36%35%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

167.3m254.4m246.1m

Accounts Receivable

243.2m240.8m224.5m

Prepaid Expenses

29.1m35.7m40.4m

Inventories

222.5m210.4m267.8m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

326.9m220.1m238.7m249.4m277.8m256.8m183.7m

Accounts Receivable

242.9m230.6m237.0m259.0m258.9m251.7m269.6m

Prepaid Expenses

32.3m35.8m35.4m40.5m40.4m34.8m40.3m

Inventories

229.4m223.1m219.2m222.7m238.2m257.0m308.3m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

127.2m(25.5m)27.7m

Depreciation and Amortization

128.4m127.6m122.3m

Inventories

5.8m19.0m(67.4m)

Accounts Payable

(16.2m)18.8m37.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

(116.6m)(95.0m)(56.7m)39.2m80.0m115.4m44.8m71.1m

Depreciation and Amortization

32.1m64.1m96.5m30.7m61.7m92.3m24.2m47.9m

Inventories

(11.8m)(3.6m)4.3m(15.5m)29.3m(50.2m)(37.9m)(58.4m)

Accounts Payable

(900.0k)(10.8m)(2.7m)5.7m17.0m32.7m(6.3m)12.5m
USDFY, 2019

EV/EBIT

16.9 x

EV/CFO

14.8 x

Revenue/Employee

199.4k

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2.2 x

P/E Ratio

18.4
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Altra Industrial Motion Acquisitions / Subsidiaries

Company NameDateDeal Size
Nook IndustriesDecember 31, 2021$138.5 m
Fortive - Automation & Specialty BusinessOctober 01, 2018$2.46 b
StromagDecember 30, 2016$191.85 m
ABEK LLC,
Altra Industrial Motion Australia Pty. Ltd.,
Altra Industrial Motion Corp.,
Altra Industrial Motion Denmark ApS,
Altra Industrial Motion do Brasil Equipamentos Industriais Ltda.,
Altra Industrial Motion Germany GmbH,
Altra Industrial Motion Hong Kong Limited
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Altra Industrial Motion Revenue Breakdown

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Altra Industrial Motion revenue breakdown by business segment: 51.4% from Automation and Specialty and 48.6% from Power Transmission Technologies

Altra Industrial Motion revenue breakdown by geographic segment: 6.1% from Asia and Other (excluding China), 18.0% from Europe (excluding Germany), 10.5% from Germany, 53.6% from North America and 11.7% from China

Human Capital Metrics

Source: www.sec.gov
Altra Industrial Motion's employees are reported to be approximately 32% female and 68% male.
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Altra Industrial Motion Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Altra Industrial Motion Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Altra Industrial Motion Online and Social Media Presence

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Altra Industrial Motion News and Updates

Altra Industrial Motion Corp. Announces Third Quarter 2022 Dividend

BRAINTREE, Mass., July 25, 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 divid…

Altra Industrial Motion Corp. to Host Conference Call on Second Quarter 2022 Financial Results

BRAINTREE, Mass., July 14, 2022 (GLOBE NEWSWIRE) -- Altra Industrial Motion Corp. (Nasdaq:AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products, intends to release unaudited financial results for the second quarter of 2022 before the market…

Altra Launches Enhanced Virtual Trade Show Exhibit Booth

Altra has recently enhanced the scope and functionality of its virtual exhibit booth. The new interactive browser experience is the perfect resource for specifiers and end users. Visitors can easily navigate through the virtual exhibit to get a comprehensive overview of the capabilities of each lead…

Svendborg BSFH 520 Braking System with SOBO® iQ for Coal Mine Service Hoist

To meet the hoist’s emergency stopping and parking requirements, Svendborg Brakes supplied Model BSFH 520 spring-applied, hydraulically released, dual-spring caliper brakes with 160,000 N braking force each. The braking system included a SOBO® iQ hydraulic power unit and a SOBO iQ control which were…

Portescap's new miniature motor R&D facility increases customization capability

The company’s new Engineering Lab had recently come on-line at Portescap’s Mumbai facility, which allowed a suitable miniature slotless, brushless DC (BLDC) motor to be designed, tested and then brought into production quickly. “While Portescap has R&D expertise and facilities in Switzerland, th…

Altra Reports First Quarter 2022 Results

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 unaudited financial results for the first quarter ended March 31, 2022.
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Altra Industrial Motion Blogs

Carl Christenson Management

Carl Christenson Management Matthew.Callan… Mon, 11/19/2018 - 17:03 Mr. Carl R. Christenson Chairman and Chief Executive Officer Carl R. Christenson, 59, has been the Chairman of the Altra board of directors since April 2014, the Chief…

Pat Murphy

Pat Murphy Matthew.Callan… Mon, 11/19/2018 - 16:30 Mr. Patrick K. Murphy Patrick K. Murphy, 56, has been a director of Altra since October 2018. Since July 2016, Mr. Murphy has served as Senior Vice President at Fortive Corporation where he is responsibl…

Altra Industrial Motion Frequently Asked Questions

  • When was Altra Industrial Motion founded?

    Altra Industrial Motion was founded in 2004.

  • Who are Altra Industrial Motion key executives?

    Altra Industrial Motion's key executives are Carl R. Christenson, Glenn E. Deegan and Todd B. Patriacca.

  • How many employees does Altra Industrial Motion have?

    Altra Industrial Motion has 9,600 employees.

  • What is Altra Industrial Motion revenue?

    Latest Altra Industrial Motion annual revenue is $1.9 b.

  • What is Altra Industrial Motion revenue per employee?

    Latest Altra Industrial Motion revenue per employee is $197.9 k.

  • Who are Altra Industrial Motion competitors?

    Competitors of Altra Industrial Motion include Schaeffler Group USA, Jiangsu Pacific Precision Forging and Zurn Elkay Water Solutions.

  • Where is Altra Industrial Motion headquarters?

    Altra Industrial Motion headquarters is located at 300 Granite St #201, Braintree.

  • Where are Altra Industrial Motion offices?

    Altra Industrial Motion has offices in Braintree, Arndell Park, Belmont, Paget and in 8 other locations.

  • How many offices does Altra Industrial Motion have?

    Altra Industrial Motion has 12 offices.