Altra Industrial Motion Corp. Announces Fourth Quarter 2021

BRAINTREE, Mass., Oct. 20, 2021 (GLOBE NEWSWIRE) – Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, drive transmission, and automation products, announced today 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 dividend for the fourth quarter of 2021 marks the thirty-ninth consecutive dividend in the company’s history. The dividend will be paid on January 4, 2022 to the shareholders of record at the close of business on December 17, 2021. Future declarations of quarterly cash dividends are subject to the approval of the Board of Directors and the continuing determination of the Board of Directors that the declaration of dividends is in the best interests of Altra shareholders and in accordance with all Altra laws and agreements applicable to the declaration and payment of cash dividends . Future dividends may be further adjusted at the discretion of the Board of Directors based on market conditions and capital availability.

About Altra Industrial Motion Corp.

Altra Industrial Motion Corp. is a leading global manufacturer and supplier of advanced motion control, automation, power transmission, and engine braking systems and components. Altra’s portfolio consists of 27 renowned brands including Bauer Gear Motor, Boston Gear, Jacobs Vehicle Systems, Kollmorgen, Portescap, Stromag, Svendborg Brakes, TB Wood’s, Thomson and Warner Electric. Altra is headquartered in Braintree, Massachusetts, and employs over 9,000 people and 48 manufacturing facilities in 16 countries around the world.

All statements in this press release, other than statements of historical fact, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements that predict, predict, indicate, or imply future results, performance, accomplishments, or events. Forward-looking statements are generally identified by terms such as “believes”, “expects”, “potentially”, “continues”, “may”, “should”, “aims”, “predicts”, “expects”, “intends” ” , “Projects,” “estimates,” “plans,” “could,” “designed,” “should” and other similar expressions that identify expectations of future or contingent events rather than assertions of fact. Forward-looking statements may also relate to strategies, plans and goals for and potential results of future operations, financial results, financial condition, business prospects, growth strategy and liquidity and are based on financial data, market assumptions and management’s current business plans and beliefs or current estimates of future results or trends are only available at the time the statements are published and may be out of date or incomplete. Forward-looking statements are inherently uncertain and investors should recognize that events could differ materially from our expectations. These statements include, but are not limited to, statements under “Business Outlook,” statements regarding the COVID-19 pandemic, and statements about management’s expectations (a) for the quarters ahead, (b) the company’s ability to further reduce leverage, (c) for sustained similar business development, order rates and backlog, (d) the company’s ability to overcome challenges in the supply chain and logistics, (e) expected inflationary pressures on raw materials, labor and logistics, (f) the company’s position in emerging markets, (g) the company’s talented team and business systems; and (h) the company’s ability to maintain its growth trajectory through 2022 and beyond.

In addition to the risks and uncertainties identified in this press release, there are certain factors that could cause actual results to differ materially from those anticipated in some of the statements made. These include: (1) competitive pressures, (2) changes in political and economic conditions in the US and abroad and the cyclical nature of our markets, (3) loss of distributors, (4) the ability to develop and move towards new products respond to customer needs, (5) risks associated with international business, including currency risks, and the effects of tariffs and other trade measures by the United States and other countries, (6) accuracy of the estimated forecasts made by OEM customers and the effects of the current global economic environment of our customers, (7) risks associated with a disruption in our supply chain, (8) fluctuations in raw material costs for our products, (9) product liability claims, (10) work stoppages and other labor law issues affecting the company’s facilities or customers , (11) changes in labor, environmental, tax and other en laws and changes in law enforcement, (12) loss of key personnel and other personnel, (13) risks related to compliance with environmental laws, (14) the ability to successfully conduct, manage and integrate major acquisitions and mergers, (15) failure to acquire or protect intellectual property rights, (16) impairment or reduction in goodwill or intangible assets, (17) failure of operating resources or IT infrastructure, including cyber attacks or other security breaches, and failure to comply with data protection laws or regulations , (18) Risks related to our indebtedness, (19) Risks related to restrictions in the Altra 400 million aggregate nominal amount agreements in global financial markets, (22) Risks related to the implementation of our inventory control system, (23 ) Risks in connection with the acquisitions n from Svendborg, Stromag and A&S as well as integration and other acquisitions, (24) risks related to certain minimum purchase agreements we have with suppliers, (25) risks related to our relationships with strategic partners, (26) our ability to handle the increased Offsetting raw material needs and labor costs with increased prices, (27) risks related to our exposure to floating rates and exchange rates, (28) swap counterparty credit risk, including interest rate swap contracts, currency swap contracts and hedging arrangements, (29) risks in Related to our exposure to the renewable energy markets, (30) risks related to conflict minerals regulations, (31) risks related to reorganization and plant consolidation, (32) risks related to our acquisition of A&S, including (a) the Opportunity that we can achieve the expected synergies and operational efficiency gains In connection with the transaction, A&S may not be able to incorporate in the anticipated timeframe or not at all and fail to achieve success, (b) the expected or intended future financial and operational performance and results, (c) the operating costs, customer losses and business interruptions (including, but not limited to difficulties in maintaining relationships with employees, customers, customers or suppliers) are greater than expected after the Transaction, (d) our ability to retain key executives and employees, (e) slowing or weakening economic conditions in general and in the markets in which the A&S businesses are particularly involved, (f) lower than expected investments and investments in equipment that uses components manufactured by us or A&S, (g) lower than expected needs for our or A&S repair and exchange business, (h) our skill it to successfully integrate the merged assets and associated technology and achieve operational efficiencies; (i) the integration of A&S is more difficult, time consuming or costly than expected; (j) the inability to take certain corporate actions that might otherwise be beneficial to comply with certain tax regulations, (k) potentially unknown liabilities and unforeseen expenses related to the acquisition, and (l) the impact on our internal controls and compliance with regulatory requirements under the Sarbanes-Oxley Act of 2002, (33) exposure to political developments in the UK, including the impact of its exit from the European Union and the uncertainty surrounding the implementation and impact of Brexit and related negative developments in the European Union and elsewhere, (34) Altra’s ability tothe efficiency gains, savings and other benefits expected from cost reduction, margin improvement, restructuring, asset consolidation and other business optimization initiatives, (35) the risks associated with the transition from LIBOR to an alternative replacement reference rate, (36) the scope and duration of global COVID 19 pandemic and its impact on global economies and our people, locations, business operations, customers and supply chain, including the impact of the pandemic on production and delivery capacities worldwide, (37) adverse conditions in credit and capital markets that affect the ability of the Restrict or prevent the company and its customers and suppliers from borrowing or borrowing, (38) the company’s ability to invest in new technologies and manufacturing techniques and to develop or adapt to changing technologies and manufacturing techniques, (39) Defects, quality issues, inadequate disclosure or abuse of our products and capabilities, (40) changes in labor or labor law, (41) the company’s ability to hire, retain and motivate key sales, marketing or engineering personnel, (42) unplanned repairs or equipment failures, (43) changes in the company’s tax rates, including the passing of the Tax Cuts and Jobs Act of 2017 or exposure to additional income tax liabilities or assessments, as well as audits by tax authorities, (44) the risks associated with it the company’s ability to successfully dispose or otherwise dispose of business that is inconsistent with our strategic plan or does not achieve the desired return on investment; and (45) other risks, uncertainties and other factors set forth in the Company’s quarterly financial statements. 10-Q and Annual Reports are described on Form 10-K and in the company’s other filings with the Securities and Exchange Commission or the materials therein by reference. Except as required by law, Altra does not intend to update or change its forward-looking statements as a result of new information, future events, or otherwise. AIMC-G

Contacts:
Altra Investor Relations
781-917-0600
Email: ir@altramotion.com