In the Q3, Altra Industrial Motion Corp 's corporate clients experienced a reduction by -6.47 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 65.04 %. During the corresponding time, Altra Industrial Motion Corp saw a revenue deteriorated by -1.15 % year on year, sequentially revenue grew by 9.23 %. While revenue at the Altra Industrial Motion Corp 's corporate clients recorded rose by 0.49 % year on year, sequentially revenue grew by 77.2 %.
Customers of Altra Industrial Motion Corp saw their costs of revenue decrease by -6.47 % in Q3 compare to a year ago, sequentially costs of revenue grew by 65.04 %, for the same period Altra Industrial Motion Corp revnue deteriorated by -1.15 % year on year, sequentially revenue grew by 9.23 %.
Altra Industrial Motion's Comment on Sales, Marketing and Customers
Our MPT components are either incorporated into end products sold by OEMs or
sold through industrial distributors as aftermarket products to end users and
smaller OEMs. We operate a geographically diversified business. We derived approximately
58% of our net sales from customers in North America, 26% from customers in
Europe and 16% from customers in Asia and the rest of the world. Our global
customer base is served by an extensive global sales network comprised of our
sales staff as well as our network of over 3,000 distributor outlets.
Rather than serving as passive conduits for delivery of product, our industrial
distributors are active participants in influencing product purchasing decisions
in the MPT industry. In addition, distributors play a critical role through
stocking inventory of our products, which amplifies the accessibility of our
products to aftermarket buyers. It is for this reason that distributor partner
relationships are so critical to the success of the business. We enjoy strong
established relationships with the leading distributors as well as a broad,
diversified base of specialty and regional distributors.
Altra Industrial Motion’s Comment on Sales, Marketing and Customers
Our MPT components are either incorporated into end products sold by OEMs or
sold through industrial distributors as aftermarket products to end users and
smaller OEMs. We operate a geographically diversified business. We derived approximately
58% of our net sales from customers in North America, 26% from customers in
Europe and 16% from customers in Asia and the rest of the world. Our global
customer base is served by an extensive global sales network comprised of our
sales staff as well as our network of over 3,000 distributor outlets.
Rather than serving as passive conduits for delivery of product, our industrial
distributors are active participants in influencing product purchasing decisions
in the MPT industry. In addition, distributors play a critical role through
stocking inventory of our products, which amplifies the accessibility of our
products to aftermarket buyers. It is for this reason that distributor partner
relationships are so critical to the success of the business. We enjoy strong
established relationships with the leading distributors as well as a broad,
diversified base of specialty and regional distributors.
Sources:
Altra Industrial Motion Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Altra Industrial Motion Corp’s corporate clients.
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