Financial Performance & Strategic Moves - Altra's 2021 sales increased by 10% year-over-year, reaching $1.9 billion[9] - Q4 2021 sales reached $469.8 million, with organic sales growth of 4.1%[30] - The company's book-to-bill ratio in Q4 2021 was 111%, driving backlog to over $800 million[9] - Altra achieved free cash flow of $176.4 million in 2021 and paid down $155 million of debt[9] - Net Debt to Non-GAAP Adjusted EBITDA leverage exited 2021 at 3.0x[9] - The company expects 2022 sales to be between $2.025 billion and $2.065 billion[39] Acquisitions & Divestitures - Altra acquired Nook Industries on December 31, 2021, with Nook's 2021 revenue estimated at approximately $42 million[11] - An agreement was announced to sell JVS to Cummins Inc for $325 million, expected to close in 2022[12] Market Trends - Transportation accounted for 14% of Altra's sales[15] - Factory Automation & Specialty Machinery accounted for 12% of Altra's sales[17] - Turf & Garden, Ag, & Construction accounted for 10% of Altra's sales[18]

Financial Data and Key Metrics Changes - In 2021, the company achieved sales growth of 10% to $1.9 billion, reaching the high end of guidance [11] - Full year net income was $27.7 million or $0.42 per diluted share, compared to a loss of $25.5 million or $0.39 per share in 2020 [14] - Non-GAAP diluted EPS for 2021 increased from $2.88 to a record $3.22 [14] - Generated $176 million in non-GAAP free cash flow in 2021, allowing for a total debt reduction of $155 million [15] Business Line Data and Key Metrics Changes - The PTT segment's net sales, excluding FX, were up 13% year-over-year, demonstrating resilience [38] - The A&S segment's net sales, excluding FX, were down 3.6% year-over-year, impacted by semiconductor lead times and tough comparisons from the previous year [39] - Organic sales in Europe and North America were up 10.6% and 12.4%, respectively, while Asia saw a decline of 20.2% [40] Market Data and Key Metrics Changes - Transportation represented approximately 14% of business, with Q4 sales down double digits due to a slowdown in China [19] - Factory automation and specialty machinery, representing about 12% of business, saw high double-digit growth year-over-year [20] - Medical equipment sales were down double digits year-over-year, affected by tough comparisons from prior COVID-related sales [23] - Distribution, accounting for about 25% of sales, was up double digits from Q4 last year [28] Company Strategy and Development Direction - The company is focused on positioning itself as a premier industrial company with a diverse portfolio of highly engineered products [29] - Recent acquisitions, such as Nook Industries, are expected to enhance cross-selling opportunities and customer relationships [17] - The sale of Jacobs Vehicle Systems aligns with the strategy to concentrate on core markets [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges from supply chain, logistics, and labor shortages but expressed confidence in strong underlying demand [12][49] - The company anticipates that pricing actions will help restore typical historical margins by Q2 2022 [13] - Despite challenges, the company expects continued strength across most markets in 2022, supported by a strong backlog [51] Other Important Information - The company ended 2021 with a record backlog of over $800 million and a book-to-bill ratio of 1.11 [11] - The 2022 guidance includes contributions from Nook Industries and anticipates annual sales between $2.025 billion and $2.065 billion [53] Q&A Session Summary Question: Sales outlook for first versus second half growth rates - Management indicated that supply chain and labor shortages are significant throttles on business, with expectations for better performance in the second half of the year as challenges ease [60][61] Question: Growth rates for Nook Industries - Nook is expected to grow in the 5% to 7% range, with synergies anticipated to contribute $6 million to the top line [64] Question: Expected net proceeds from the JVS sale - Estimated net proceeds from the JVS sale are about $285 million after accounting for taxes [66] Question: Sequential margins and price/cost dynamics - Management noted that the price/cost dynamic has shifted, with expectations for margin improvement in the second half of the year as pricing actions take effect [68][69] Question: Inventory levels and channel inventory - Management expressed confidence in managing inventory levels, indicating that demand remains high and inventory is being sold through effectively [76][78] Question: Focus on acquisitions and market trends - The company is focused on sectors with better growth trends and is currently building a pipeline for future acquisitions post-JVS transaction [82]

Altra Industrial Motion Corp. (AIMC) Q3 2021 Earnings Conference Call October 22, 2021 10:00 AM ET Company Participants David Calusdian - President, Sharon Merrill Associates Carl Christenson - Chairman & Chief Executive Officer Christian Storch - Executive Vice President & Chief Financial Officer Todd Patriacca - Chief Accounting Officer, Vice President of Finance, Corporate Controller & Treasurer Conference Call Participants Bryan Blair - Oppenheimer Jeff Hammond - KeyBanc Capital Markets Mike Halloran - ...

Financial Performance - Revenue reached $469.3 million, a 7% year-over-year increase, driven by strong demand across most end-markets, but tempered by supply chain challenges[8] - Non-GAAP Adjusted EBITDA was $97.0 million, representing 20.7% of sales, a decrease of 4.7% from the previous year but an increase of 9% from Q3 2019[8] - The company achieved a gross margin of 36.2%, down 130 bps from the previous year but up 80 bps from Q3 2019[8] - GAAP diluted EPS was $0.54, compared to $0.59 in Q3 2020, while non-GAAP diluted EPS was $0.80, compared to $0.87 in Q3 2020[8] Balance Sheet and Debt - The company paid down an additional $70 million of debt in Q3, bringing the year-to-date total to $120 million[9, 10] - Net Debt to Non-GAAP Adjusted EBITDA leverage ratio stood at 2.7x at the end of the quarter[9] - Available credit line was $257 million and cash balance was $295 million as of September 30, 2021[32] Guidance - Sales are projected to be between $1,880 million and $1,900 million[37] - Non-GAAP Adjusted EBITDA is expected to be between $390 million and $400 million[37] - Non-GAAP Free Cash Flow is projected to be between $200 million and $225 million[37] Strategic Priorities - The company is focused on leveraging the Altra Business System, de-levering the balance sheet, enhancing margins, driving topline growth, and advancing ESG initiatives[26]

Regal Beloit Corporation (RBC) Q2 2021 Earnings Conference Call July 29, 2021 10:00 AM ET Company Participants Robert Barry - Vice President, Investor Relations Louis Pinkham - Chief Executive Officer Rob Rehard - Vice President and CFO Conference Call Participants Michael Halloran - Baird Jeff Hammond - KeyBanc Markets Christopher Glynn - Oppenheimer Joe Ritchie - Goldman Sachs Nigel Coe - Wolfe Research Operator Good day. And welcome to the Regal Second Quarter 2021 Earnings Conference Call. All participa ...

2Q July 29, 2021 Second Quarter 2021 Earnings CONFERENCE CALL Louis Pinkham Chief Executive Officer Rob Rehard Vice President Chief Financial Officer 2Q 2021 FORWARD LOOKING STATEMENTS Certain statements made in this report are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. This report contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amend ...

Regal Beloit Corp (RBC) Q1 2021 Earnings Conference Call May 4, 2021 10:00 AM ET Company Participants Robert Barry - VP, IR Louis Pinkham - CEO & Director Robert Rehard - VP & CFO Conference Call Participants Michael Halloran - Robert W. Baird & Co. Jeffrey Hammond - KeyBanc Capital Markets Nigel Coe - Wolfe Research Joseph Ritchie - Goldman Sachs Group Christopher Dankert - Longbow Research Operator Good day and welcome to the Regal Beloit First Quarter 2021 Earnings Call. [Operator Instructions]. Please n ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 2, 2021 Commission File number 1-7283 Regal Beloit Corporation (Exact Name of Registrant as Specified in Its Charter) Wisconsin 39-0875718 (State of Incorporation) (IRS Employer Identification No.) 200 State Street, Beloit, Wisconsin 53511 (Address of principal executive offices) (608) 364-8800 (Registrant's t ...