The company has not filed an annual or quarterly report since its FY2022 10-K, filed Mar 1, 2023. Its latest SEC filing is a EFFECT from Apr 3, 2024.
10-K for FY2022, filed Mar 1, 2023
The sections below describe the company as of the FY2022 annual report.
Makes electromechanical motion-control and power-transmission products, including motors, drives and linear-motion systems, for equipment makers, industrial distributors and end users.
10-K for FY2022, filed Mar 1, 2023We are a leading global designer, producer and marketer of a wide range of electromechanical power transmission motion control (“PTMC”)…View ↗
On October 1, 2018 (the “A&S Closing Date”), Altra and Fortive Corporation (“Fortive”) consummated the combination of Altra with four…View ↗
We sell our products in over 100 countries to over 1,000 direct OEM customers and over 3,000 distributor outlets. We offer our products…View ↗
Our products are either incorporated into end products sold by OEMs or sold through industrial distributors as aftermarket products to end…View ↗
Sells products through equipment makers, industrial distributors and direct sales to end users; it generally earns money when goods ship or reach the customer’s named location. Customers may prepay or pay after billing.
10-K for FY2022, filed Mar 1, 2023We sell our products through three primary commercial channels: original equipment manufacturers (OEMs), industrial distributors and direct…View ↗
As the Company’s standard payment terms are less than one year, the Company has elected the practical expedient under Accounting Standards…View ↗
The payment terms and conditions in our customer contracts vary. In some cases, customers will partially prepay for their goods; in other…View ↗
10-K for FY2022, filed Mar 1, 2023
FY2022 revenue by reportable segment ↗$1.9B
10-K for FY2022, filed Mar 1, 2023
$1.9B ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Power Transmission Technologies
Sold outright
10-K for FY2022, filed Mar 1, 2023 |
51%
FY2019: 49%
|
Power Transmission Technologies, FY2022
$985.6M Sources
|
Sold outright |
|
A&S Business
Sold outright
10-K for FY2022, filed Mar 1, 2023 |
50%
FY2019: 51%
|
A&S Business, FY2022
$965.5M Sources
|
Sold outright |
Equipment makers buy directly, while industrial distributors stock products for resale to end users and smaller equipment makers; Altra also sells directly to end users.
10-K for FY2022, filed Mar 1, 2023We sell our products in over 100 countries to over 1,000 direct OEM customers and over 3,000 distributor outlets. We offer our products…View ↗
Our products are either incorporated into end products sold by OEMs or sold through industrial distributors as aftermarket products to end…View ↗
Rather than serving as passive conduits for delivery of product, our industrial and high-tech distributors can be active participants in…View ↗
Yes. It kept 7 cents of every revenue dollar as net income in FY2022 and turned 4 cents into free cash flow.
10-K for FY2022, filed Mar 1, 2023
$240.4MView ↗
10-K for FY2022, filed Mar 1, 2023
$127MView ↗
10-K for FY2022, filed Mar 1, 2023
$69.1MView ↗
8-K, filed Mar 27, 2023
At the Effective Time, each of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “Company Common…View ↗
Grew. Revenue grew 66% in 4 years, from $1.2B in FY2018 to $1.9B in FY2022, about 13% a year.
Sale of vehicle braking business
The older report includes Jacobs Vehicle Systems and its supplemental braking systems for commercial vehicles in the A&S Business; the latest report says Altra sold that business.
10-K for FY2019, filed Feb 27, 2020 10-K for FY2022, filed Mar 1, 2023On October 1, 2018 (the “A&S Closing Date”), Altra and Fortive Corporation (“Fortive”) consummated the combination of Altra with four…View ↗
On April 8, 2022, the Company completed the previously announced sale of all of the issued and outstanding equity interests of the entities…View ↗
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