AIMC - Altra Industrial Motion announces $300M stock buyback program

Altra Industrial Motion (NASDAQ:AIMC) on Tuesday announced a new share repurchase program of up to $300M through Dec. 31, 2024. Stock acquired through the program will be held as treasury shares and may be used for general corporate purposes. AIMC can limit, terminate or extend the program at any time without prior notice. "The decision to reauthorize Altra's stock repurchase program provides us with additional flexibility following the recent completion of the Jacobs Vehicle Systems divestiture," said CEO Carl Christenson.

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Altra Industrial Motion announces $300M stock buyback program