Revenues of Altra Industrial Motion's Suppliers, deteriorated by -8.45 % compared to the same quarter a year ago, sequentially sales grew by 9.53 %, Altra Industrial Motion's cost of sales deteriorated by -4.27 % year on year, sequentially cost of sales grew by 6.33 % in Q3.
Altra Industrial Motion's Suppliers realized a deteriorated in sales by -8.45 % compared to the same quarter a year ago, sequentially sales grew by 9.53 %, Altra Industrial Motion's cost of sales deteriorated by -4.27 % year on year, sequentially cost of sales grew by 6.33 % in Q3.
We obtain raw materials, component parts and supplies from a variety of sources,
generally from more than one supplier. Our suppliers and sources of raw materials
are based in both the United States and other countries and we believe that
our sources of raw materials are adequate for our needs for the foreseeable
future. We do not believe the loss of any one supplier would have a material
adverse effect on our business or results of operations. Our principal raw materials
are steel and copper. We generally purchase our materials on the open market,
where certain commodities such as steel and copper have fluctuated in price
significantly in recent years. We have not experienced any significant shortage
of our key materials and have not historically engaged in hedging transactions
for commodity suppliers.
Our ability, including manufacturing or distribution capabilities, and that
of our suppliers, business partners and contract manufacturers, to make, move
and sell products is critical to our success. Damage or disruption to our or
their manufacturing or distribution capabilities due to weather, natural disaster,
fire or explosion, terrorism, pandemics, strikes, repairs or enhancements at
our facilities, excessive demand, raw material shortages, or other reasons,
could impair our ability, and that of our suppliers, to manufacture or sell
our products. Failure to take adequate steps to mitigate the likelihood or potential
impact of such events, or to effectively manage such events if they occur, could
adversely affect our business, financial condition and results of operations,
as well as require additional resources to restore our supply chain.
Altra Industrial Motion's Comment on Supply Chain
We obtain raw materials, component parts and supplies from a variety of sources,
generally from more than one supplier. Our suppliers and sources of raw materials
are based in both the United States and other countries and we believe that
our sources of raw materials are adequate for our needs for the foreseeable
future. We do not believe the loss of any one supplier would have a material
adverse effect on our business or results of operations. Our principal raw materials
are steel and copper. We generally purchase our materials on the open market,
where certain commodities such as steel and copper have fluctuated in price
significantly in recent years. We have not experienced any significant shortage
of our key materials and have not historically engaged in hedging transactions
for commodity suppliers.
Our ability, including manufacturing or distribution capabilities, and that
of our suppliers, business partners and contract manufacturers, to make, move
and sell products is critical to our success. Damage or disruption to our or
their manufacturing or distribution capabilities due to weather, natural disaster,
fire or explosion, terrorism, pandemics, strikes, repairs or enhancements at
our facilities, excessive demand, raw material shortages, or other reasons,
could impair our ability, and that of our suppliers, to manufacture or sell
our products. Failure to take adequate steps to mitigate the likelihood or potential
impact of such events, or to effectively manage such events if they occur, could
adversely affect our business, financial condition and results of operations,
as well as require additional resources to restore our supply chain.
AIMC's Suppliers Net profit fell by
AIMC's Suppliers Net margin fell in Q3 to
-26.41 %
8.42 %
AIMC's Suppliers Net profit fell by -26.41 %
AIMC's Suppliers Net margin fell in Q3 to 8.42 %
Altra Industrial Motion's Suppliers Sales Growth
in Q3 2020 by Industry
Sources:
Altra Industrial Motion Corp 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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