Oppenheimer analysts provided their views on Altra Industrial Motion Corp. (NASDAQ:AIMC) following their meeting with the company’s CEO Carl Christenson and CFO Todd Patriacca, coming away confident in the company’s near-term positioning and very bullish on the medium-term value creation runway.
According to the analysts, global demand remains generally solid, as reflected in the company’s record backlog and still-positive order rates. Increasingly favorable price/cost and ramping Nook synergies benefit H2 results and realistically support profit momentum into 2023.
The analysts said they remain confident in growth prospects across the majority of the company’s end markets, with clear secular support for factory automation, material handling, medical, and renewable energy.