Altra industrial motion corp. (AIMC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Net sales

434,200

441,900

442,900

466,500

482,800

469,100

228,500

237,300

240,400

223,285

214,623

223,357

215,435

172,647

173,132

182,674

180,453

173,628

183,053

196,610

193,361

191,961

202,520

215,198

210,138

180,530

175,443

181,095

185,150

177,174

174,488

187,943

192,385

171,717

177,853

165,395

159,847

128,930

132,988

Cost of sales

281,200

284,500

285,900

299,500

307,900

317,400

156,500

159,100

166,200

154,891

145,610

151,231

149,268

117,520

118,957

124,474

125,823

119,424

127,253

136,624

134,888

133,691

140,187

148,728

148,342

128,725

121,785

126,676

129,651

123,312

122,477

131,941

135,712

124,573

124,824

116,985

112,012

90,289

92,861

Gross profit

153,000

157,400

157,000

167,000

174,900

151,700

72,000

78,200

74,200

68,394

69,013

72,126

66,167

55,127

54,175

58,200

54,630

54,204

55,800

59,986

58,473

58,270

62,333

66,470

61,796

51,805

53,658

54,419

55,499

53,862

52,011

56,002

56,673

47,144

53,029

48,410

47,835

38,641

40,127

Operating expenses:
Selling, general and administrative expenses

87,100

88,200

87,900

92,000

90,900

116,500

44,900

43,400

47,100

41,488

41,009

41,619

40,384

34,944

36,142

35,870

33,536

33,484

34,279

35,152

36,302

38,643

39,067

40,499

38,262

33,413

31,672

32,628

32,442

32,378

30,785

31,884

31,997

29,370

31,577

26,912

25,516

22,804

22,215

Impairment of goodwill and intangible asset

147,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development expenses

14,800

14,700

14,400

14,700

15,300

14,700

5,700

6,200

6,500

5,966

6,051

6,160

6,223

4,332

4,267

4,514

4,564

4,312

4,210

4,534

4,762

3,803

3,818

4,012

3,889

3,386

3,002

3,214

2,934

2,665

2,823

2,942

3,027

3,065

2,801

2,426

2,317

1,746

1,631

Restructuring costs

1,600

2,400

6,200

3,200

2,300

2,300

600

600

900

324

680

1,198

1,898

3,258

3,397

1,641

1,553

2,220

651

2,587

1,756

124

1,643

0

0

456

97

238

320

-

-

-

-

-

-

-

-

510

642

Total operating expenses

251,000

105,300

108,500

109,900

108,500

133,500

51,200

50,200

54,500

47,778

47,740

48,977

48,505

49,102

43,806

42,025

39,653

40,016

39,140

42,273

42,820

42,570

44,528

44,511

42,151

37,255

34,771

36,080

35,696

-

33,608

-

35,024

32,435

34,378

29,338

27,833

25,060

24,488

(Loss)/Income from operations

-98,000

52,100

48,500

57,100

66,400

18,200

20,800

28,000

19,700

20,616

21,273

23,149

17,662

6,025

10,369

16,175

14,977

14,188

16,660

17,713

15,653

15,700

17,805

21,959

19,645

14,550

18,887

18,339

19,803

15,623

18,403

21,176

21,649

14,709

18,651

19,072

20,002

13,581

15,639

Other non-operating income and expense:
Loss on partial settlement of pension plan

-

-

-

-

-

0

0

0

-5,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense, net

-17,400

-17,200

-18,200

-18,600

-19,800

-22,700

-2,000

-2,100

-1,800

-9,625

-1,811

2,031

1,705

-20,294

2,815

2,904

2,896

3,306

2,924

2,978

2,956

3,003

3,000

2,972

3,019

2,756

2,567

2,658

2,605

21,875

6,637

6,504

5,774

18,327

6,698

-6,153

5,163

4,838

4,956

Loss on write-off of deferred financing and extinguishment of convertible debt

-

-

-

-

-

-

-

-

-

-3

0

0

-1,797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-operating (income)/expense, net

1,500

-1,000

400

-400

-1,100

200

-700

300

100

-370

-696

136

530

-431

-45

205

278

-357

-685

-750

829

449

313

-225

-534

-874

-686

-144

47

132

-402

-1,207

-225

129

216

-599

286

272

-727

Total other non-operating (income) expense, net

-15,900

-18,200

-17,800

-19,000

-20,900

-23,700

-2,700

-1,800

-6,800

-4,226

-2,507

-1,895

-2,972

-5,484

-2,860

-2,699

-2,618

-3,663

-3,609

-3,728

-2,127

-2,554

-2,687

-3,197

-3,553

-3,630

-3,253

-2,802

-2,558

-21,743

-7,039

-7,711

-5,999

-17,766

-6,914

5,554

-4,877

-4,566

-5,683

(Loss)/Income before income taxes

-113,900

33,900

30,700

38,100

45,500

-5,500

18,100

26,200

12,900

16,390

18,766

21,254

14,690

541

7,509

13,476

12,359

10,525

13,051

13,985

13,526

13,146

15,118

18,762

16,092

10,920

15,634

15,537

17,245

-6,120

11,364

13,465

15,650

8,051

11,737

13,518

15,125

9,015

9,956

Provision for income taxes

2,700

-3,400

5,000

9,100

10,300

-500

5,800

7,200

3,900

3,977

5,489

5,870

4,364

-1,127

2,196

4,127

3,549

4,418

2,830

4,360

4,136

4,093

8,170

5,944

4,729

3,728

5,176

4,861

5,386

-682

2,846

2,856

5,134

2,156

-403

4,600

4,403

2,441

3,117

Net income

-

-

-

-

-

-

-

-

-

-

-

15,384

10,326

-

5,313

9,349

8,810

6,107

10,221

9,625

9,390

9,053

6,948

12,818

11,363

7,192

10,458

10,676

11,859

-5,438

8,518

10,609

10,516

-

12,140

-

-

-

-

Net loss attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

-54

-8

-6

2

21

-2

-13

-43

-13

-21

-

-29

-

-

-

-

-

-

-

-

Net (loss)/income

-116,600

37,300

25,700

29,000

35,200

-5,000

12,300

19,000

9,000

-

13,277

-

-

-

-

-

-

6,108

10,221

9,679

9,398

9,059

6,946

12,797

11,365

7,205

10,501

10,689

11,880

-5,379

8,547

10,609

10,516

5,895

12,140

8,918

10,722

6,574

6,839

Pension liability adjustment, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

185

343

Foreign currency translation adjustment, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,277

-7,065

-7,008

-149

5,420

12,066

-5,187

Total comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,793

-2,773

5,132

8,769

16,142

18,455

1,309

Comprehensive loss attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Comprehensive income attributable to Altra Industrial Motion Corp.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,793

-

5,132

-

-

-

-

Weighted average shares, basic

64,500

64,300

64,400

64,300

64,200

64,500

29,000

29,000

29,100

28,851

29,008

28,978

28,763

25,711

25,726

25,699

25,740

25,551

26,145

26,280

26,280

26,655

26,648

26,816

26,733

26,818

26,780

26,733

26,733

26,737

26,675

26,606

26,606

26,580

26,546

26,491

26,487

26,414

26,362

Weighted average shares, diluted

64,500

64,500

64,600

64,500

64,400

66,300

29,000

29,100

29,200

29,315

29,074

29,114

28,897

25,740

26,021

25,968

25,759

25,484

26,145

26,450

26,357

27,288

27,334

27,546

27,444

27,010

26,836

26,751

26,767

26,992

26,708

26,664

26,660

26,880

26,655

26,613

26,608

26,495

26,487

Net (loss)/income per share:
Basic

-1.81

0.58

0.40

0.45

0.55

-0.46

0.42

0.66

0.31

0.43

0.46

0.53

0.36

0.06

0.21

0.36

0.34

0.24

0.39

0.37

0.36

0.33

0.26

0.48

0.43

0.27

0.39

0.40

0.44

-0.21

0.32

0.40

0.40

0.22

0.46

0.34

0.40

0.25

0.26

Diluted

-1.81

0.57

0.40

0.45

0.55

-0.46

0.42

0.65

0.31

0.42

0.46

0.53

0.36

0.07

0.20

0.36

0.34

0.24

0.39

0.37

0.36

0.35

0.25

0.46

0.41

0.27

0.39

0.40

0.44

-0.20

0.32

0.40

0.39

0.21

0.46

0.34

0.40

0.25

0.26

Cash dividend declared per share

0.17

0.17

0.17

0.17

0.17

0.17

0.17

0.17

0.17

0.17

0.17

0.17

0.15

0.15

0.15

0.15

0.15

0.15

0.15

0.15

0.12

0.12

0.12

0.12

0.10

0.10

0.10

0.10

0.08

-

0.05

0.05

-

-

-

-

-

-

-