Presents 3-year financial goals and lays out the path to $3 billion by 2027
Webcast to begin today at 10:00 a.m. ET
BRAINTREE, Mass., March 08, 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, will host and webcast its Investor Day 2022 starting at 10:00 a.m. ET today.
During the event, presentations by Chief Executive Carl Christenson, Chief Financial Officer Todd Patriacca, presidents of the company’s operating companies and other members of Altra’s leadership team will provide a review deep dive into the company’s fundamental value drivers, review its new 3-pillar strategy to ensure sustainable profitable growth and introduce new three-year long-term financial goals.
The company will also demonstrate how it is positioning Altra to be a full-cycle preparer with a path to $3 billion in revenue by leveraging its world-class Altra Business System (ABS) to drive sustainable business expansion. margins and strong cash generation that is strategically reinvested to deliver above-market returns.
“We have made tremendous progress over the past few years in executing our strategy to transform Altra into a market leader in power transmission and motion control,” said Christenson. “As a result, we have doubled the size of the business, evolved the Altra business system to drive value creation across the organization, advanced our product portfolio on the technology curve, and achieved strong cash generation and consistently throughout the cycle.
“Today, we are delighted to share with investors our strategy to ensure profitable and sustained growth in the years to come. With an increased emphasis on leveraging ABS and technology leadership to grow organically in markets with strong secular trends, a refined approach to active and disciplined mergers and acquisitions, and an ongoing commitment to a disciplined capital allocation, we are positioning Altra to achieve our new three-year strategy objectives of 3-5% organic growth, 300 basis points of margin expansion and >100% free cash flow conversion. Longer term, we are forming a strong, scalable foundation that positions Altra as a full-cycle preparer with a clear path to reach $3 billion in revenue by 2027 through a combination of organic growth and mergers and acquisitions. acquisitions,” concluded Christenson.
During the event, the team will present several key themes related to Altra’s strength as an investment, including how Altra has:
Experienced leadership with demonstrated success in improving targeted metrics and managing the business in challenging market environments,
A proven and resilient cash-generating business model that supports capital allocation priorities of maintaining a healthy balance sheet, investing in growth through organic investments and disciplined mergers and acquisitions, and returning capital to shareholders ,
A strong and defensible competitive moat with critical solutions and strong customer relationships,
A commitment to maximizing growth by focusing portfolio and investments on secular trends that leverage core competencies and move Altra’s product portfolio forward on the technology curve, and
A clear path to greater value capture and increased margins by leveraging our unified Altra business system with proven leadership, growth and streamlining tools.
Altra will present the following new 2024 financial targets at its 2022 Investor Day:
Organic revenue CAGR constant 3-5%
300 basis points of operating margin expansion
Free cash flow conversion greater than 100%
Altra is also laying out a path to $3 billion in revenue by 2027 at today’s event.
Investor Day Webcast
The webcast of the presentation, along with copies of the accompanying slides, will be available in the Events and Presentations section of Altra’s Investor Relations website. Webcast participants who wish to ask questions during the Q&A portion of the live event can do so via the “Ask a Question” tab available through the webcast platform. A replay of the webcast will also be available on the website after the event.
About Altra Industrial Motion Corp
Altra Industrial Motion Corp. is a leading global manufacturer and supplier of highly engineered motion control, automation and power transmission systems and components. Altra’s portfolio consists of 27 highly respected brands including Bauer Gear Motor, Boston Gear, Kollmorgen, Portescap, Stromag, Svendborg Brakes, TB Wood’s, Thomson and Warner Electric. Based in Braintree, Massachusetts, Altra has more than 9,600 employees and 49 manufacturing sites in 16 countries around the world.
Altra Investor Relations
Email: [email protected]