Regal Beloit(US:RRX)2022-02-22 09:54Financial 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]