AIMC - Earnings announcements

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 BasisBacklog 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 2022Adjusted EBITDA Margin* Up 120 Basis Points Versus PY To 20.9%; Price/Cost Remained PositiveAdjusted Diluted EPS* Of $2.66 Versus $2.88 In PY; GAAP Diluted EPS Of $1.80 Versus $1.95 In PYFree Cash Flow Conversion* Of 93%Net Debt To Adjusted EBITDA Of 1.4xRaising Guidance Mid-Point By Revising 2022 Annual Guidance For A

Transforms Regal Rexnord's automation portfolio into a meaningful, global automation solutions provider, with over 70% of its sales into markets with secular growth tailwindsCombines complementary power transmission portfolios to deliver enhanced industrial powertrain solutions for customersRe-balances Regal Rexnord's portfolio between Motion Control (48% of pro forma sales), Climate Solutions (15%), Commercial Systems (15%), Automation & Specialty (13%), and Industrial Systems (9%)Anticipated annualized cost synergies of $160 million by year four, plus significant revenue cross-marketing opportunitiesCreates compelling value for Regal Rexnord shareholders, with new growth opportunities and

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

BRAINTREE, Mass., Oct. 21, 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 third quarter of 2022 before the market opens on Thursday, November 3, 2022. The company will conduct an investor conference call to discuss its unaudited third quarter financial results on Thursday, November 3, 2022 at 11:00 a.m. ET. The public is invited to listen to the conference call by dialing (844) 200-6205 domestically or (929) 526-1599 for international access and asking to participate in the ALTRA conference call (Event Acces

Broad-Based Demand & Strong Execution Support Sales of $498.1MPricing Initiatives Offset Inflationary Pressures Balance Sheet Strength Highlighted by Leverage Ratio Returning to Low End of Target RangeUpdates 2022 Guidance BRAINTREE, Mass., July 28, 2022 (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 unaudited financial results for the second quarter ended June 30, 2022. Q2 2022 Financial HighlightsIncludes contribution of divested Jacobs Vehicle Systems ("JVS") business through April 8, 2022  Q2 20

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 opens on Thursday, July 28, 2022. The company will conduct an investor conference call to discuss its unaudited second quarter financial results on Thursday, July 28, 2022 at 11:00 a.m. ET. The public is invited to listen to the conference call by dialing (844) 200-6205 domestically or (929) 526-1599 for international access and asking to participate in the ALTRA conference call (Event Access Co

Achieves Record Quarterly Sales of $512M Supported by Broad-Based Market Demand Delivers Sequential Margin Expansion Reflecting Benefits From Pricing Initiatives Updates 2022 Guidance Following Completion of Jacobs Vehicle Systems Divestiture; Raises Guidance for Ongoing Businesses BRAINTREE, Mass., April 28, 2022 (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 unaudited financial results for the first quarter ended March 31, 2022. Q1 2022 Financial Highlights

BRAINTREE, Mass., April 08, 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 first quarter of 2022 before the market opens on Thursday, April 28, 2022. The company will conduct an investor conference call to discuss its unaudited first quarter financial results on Thursday, April 28, 2022 at 10:00 a.m. ET. The public is invited to listen to the conference call by dialing (844) 200-6205 domestically or (929) 526-1599 for international access and asking to participate in the ALTRA conference call (Event Access C

Announced Acquisition of Nook Industries and Agreement to Divest JVS Strong Demand Continues Across Nearly All End Markets Resulting in Record Sales for the Year November 2021 $1.4 Billion Refinancing Supports Further Inorganic Growth Provides 2022 Guidance BRAINTREE, Mass., Feb. 16, 2022 (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 unaudited financial results for the fourth quarter ended December 31, 2021. Q4 2021 Financial Highlights  Q4 2021Q4 2020YOY Change Net sales $469.8M$453.2M3.7% • Q4 2021 Organic Sales Grow

BRAINTREE, Mass., Feb. 09, 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 fourth quarter of 2021 before the market opens on Wednesday, February 16, 2022. The company will conduct an investor conference call to discuss its unaudited fourth quarter financial results on Wednesday, February 16, 2022 at 10:00 a.m. ET. The public is invited to listen to the conference call by dialing (844) 200-6205 domestically or (929) 526-1599 for international access and asking to participate in the ALTRA conference call (Event

Demand and Fundamentals Remain Strong as Company Navigates Current Macro-Environment Reduces Debt by $70 Million on Strong Operating Cash Flow Revises 2021 Guidance 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 unaudited financial results for the third quarter ended September 30, 2021. Q3 2021 Financial Highlights  Q3 2021Q3 2020YOY Change  Net sales $469.3M$437.8M7.2%  Q3 2021 Organic Sales Growth was 5.8% for the combined business compared with the third quarter of 2

BRAINTREE, Mass., Oct. 08, 2021 (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 third quarter of 2021 before the market opens on Friday, October 22, 2021. The company will conduct an investor conference call to discuss its unaudited third quarter financial results on Friday, October 22, 2021 at 10:00 a.m. ET. The public is invited to listen to the conference call by dialing (866) 209-9085 domestically or (647) 689-5687 for international access and asking to participate in the ALTRA conference call. A live webcast

Broad-Based Demand Strength Drives Record Quarterly Sales Raises 2021 Guidance BRAINTREE, Mass., July 23, 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 unaudited financial results for the second quarter ended June 30, 2021. Q2 2021 Financial Highlights  Q2 2021Q2 2020YOY Change Net sales $488.6M$400.8M21.9%  Q2 2021 Organic Sales growth* was 17.2% for the combined business compared with the second quarter of 2020.Q2 2021 Power Transmission Technologies (PTT) segment Organic Sales were up 16.1%; Automation &