8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

April 27, 2007
Date of Report (Date of earliest event reported)

ALTRA HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware	001-33209	61-1478870
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

14 Hayward Street
Quincy, Massachusetts	02171
(Address of principal executive offices)	(Zip Code)

(617) 328-3300
(Registrant’s telephone number, including area code)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

EX-99.1 - Press Release dated April 26, 2007

EX-99.2 - Press Release dated April 27, 2007

Item 2.02

Results of Operations and Financial Condition

On April 26, 2007, Altra Holdings, Inc. (“the Company”) announced certain unaudited financial results for the first quarter of 2007. A copy of the announcement is attached hereto as Exhibit 99.1, which is incorporated by reference herein. On April 27, 2007, the Company held a conference call with inventors to discuss first quarter results. The chart presentation used during the call is attached hereto as Exhibit 99.2 to this report and is incorporated by reference herein.

Item 9.01	Financial Statements and Exhibits
	(c) Exhibits

99.1	Press release of Altra Holdings, Inc., dated April 26, 2007, announcing certain unaudited financial results for the first quarter of 2007.
99.2	Charts used during the investor conference call on April 27, 2007.

2

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ALTRA INDUSTRIAL MOTION, INC.
	/s/ Michael L. Hurt
	Name:	Michael L. Hurt
Date: April 27, 2007	Title:	Chief Executive Officer

3

EX-99.1

EXHIBIT 99.1

Altra Holdings, Inc.
14 Hayward Street
Quincy, MA 02171
Tel 617.328.3300
Fax 617.689.6202

ALTRA HOLDINGS ANNOUNCES RECORD RESULTS
FOR THE FIRST QUARTER 2007

QUINCY, MA — April 26, 2007

Altra Holdings, Inc. (NASDAQ: AIMC), a leading global supplier of clutch brakes, couplings, gearing and power transmission components, announced that for the first quarter ended March 31, 2007 operating income increased 26.9% to $15.1 million from $11.9 million in the first quarter of 2006. First quarter 2007 net sales were $132.7 million, compared to $114.8 million for the first quarter of 2006, an increase of 15.6%. Gross profit as a percentage of net sales for the first quarter of 2007 increased to 28.7% from 27.8% in the first quarter of 2006. Net income was $3.8 million compared to $3.2 million in the first quarter 2006, an increase of 17.6%. Fully diluted earnings per share were $0.16 for the first quarter of 2007 and $0.17 for the first quarter 2006. Excluding the premium and interest expense incurred in prepaying 35% of our 11 ¹/4% notes and certain restructuring costs, our fully diluted recurring earnings per share would have been $.29 in the first quarter of 2007. Revenue performance was driven by the strength of several key markets including energy, primary metals, material handling, mining, and defense.

Michael L. Hurt, Chairman and CEO said “We are extremely pleased to announce record quarterly financial results, especially given that this is our first full quarter of operation as a public company. Our organic sales growth of 8.1% and aggregate top line growth of 15.6% reflect the strength of our strong global brands and diversified revenue base of which over 40% serves the aftermarket. The 26.9% increase in operating income was the result of continued deployment of the Altra Business System (ABS) by the management team to drive profitable growth initiatives which include: new products, new markets, lean activities, low cost country sourcing, and synergies from the Hay Hall acquisition. Also, on April 5 we acquired TB Wood’s which is a very powerful brand that adds two new product platforms, and significantly increases our distribution and coupling revenues.”

Altra Industrial Motion     •     The Power of Experience

Boston Gear      •     Warner Electric     •     TB Wood’s     •     Formsprag Clutch     •     Stieber Clutch     •     Marland Clutch     •     Wichita Clutch
Industrial Clutch     •      Ameridrives Couplings     •     Nuttall Gear     •     Delroyd Worm Gear      •     Kilian Manufacturing      •     Inertia Dynamics
Matrix International     •     Twiflex Limited     •     Bibby Transmissions     •     Huco Dynatork     •     Warner Linear     •      Saftek Friction

April 26, 2007
Altra Holdings, Inc. Announces Record Results
For the First Quarter 2007
Page 2 of 3

	(Unaudited)
Statement of Operations Data:	Quarter Ended
In Thousands of Dollars	March 31, 2007			March 31, 2006
Net sales	$	132,706		$	114,784
Cost of sales		94,658			82,930
Gross profit		38,048			31,854
Selling, general & operating expenses		22,121			19,931
Restructuring charges		793			—
Operating income		15,134			11,923
Interest expense, net		9,148			6,441
Other income, net		(47	)		(159	)
Income before taxes		6,033			5,641
Income taxes		2,265			2,437
Net income	$	3,768		$	3,204
Other Financial Data:
Depreciation & amortization	$	4,465		$	2,945
Non cash inventory step up costs	$	0		$	984
Capital expenditures	$	1,034		$	1,245
Net Income per share:
Basic	$	0.17		$	9.65
Diluted	$	0.16		$	0.17
Weighted Average common shares outstanding:
Basic		21,880			332
Diluted		22,878			19,362

The company will conduct an investor conference call to discuss its unaudited first quarter financial results on Friday, April 27, 2007 at 11:00 AM EDT. The public is invited to listen to the conference call by dialing 800.895.0231 domestically or 785.424.1054 for international access and asking to participate in the ALTRA conference call. Individuals may download charts that will be used during the call at www.altramotion.com under presentations in the Investor Relations section. A replay of the recorded conference call will be available from April 27, 2007 until May 4, 2007. To listen to the replay, dial 800.688.9445 domestically or 402.220.1371 for international access.

Altra Industrial Motion     •     The Power of Experience

Boston Gear      •     Warner Electric     •     TB Wood’s     •     Formsprag Clutch     •     Stieber Clutch     •     Marland Clutch     •     Wichita Clutch
Industrial Clutch     •      Ameridrives Couplings     •     Nuttall Gear     •     Delroyd Worm Gear      •     Kilian Manufacturing      •     Inertia Dynamics
Matrix International     •     Twiflex Limited     •     Bibby Transmissions     •     Huco Dynatork     •     Warner Linear     •      Saftek Friction

April 26, 2007
Altra Holdings, Inc. Announces Record Results
For the First Quarter 2007
Page 3 of 3

Altra Holdings, Inc., through its wholly-owned subsidiary Altra Industrial Motion, Inc., is a leading multinational designer, producer and marketer of a wide range of mechanical power transmission products. The company brings together strong brands covering over 40 product lines with production facilities in nine countries and sales coverage in over 70 countries. Our leading brands include Boston Gear, Warner Electric, TB Wood’s, Formsprag Clutch, Ameridrives Couplings, Industrial Clutch, Kilian Manufacturing, Marland Clutch, Nuttall Gear, Stieber Clutch, Wichita Clutch, Twiflex Limited, Bibby Transmissions, Matrix International, Inertia Dynamics, Huco Dynatork and Warner Linear.

This press release includes statements which are forward-looking within the meaning of applicable securities laws. These statements may include or imply projections of future performance that are based upon the company’s expectations or assumptions. These expectations and assumptions, as well as the company’s future performance, are subject to a number of risks and uncertainties. Factors that could cause actual results to materially differ from projected results are described from time to time in the company’s Securities and Exchange Commission reports and other filings, including, but not limited to the risks described in the company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission. Altra Holdings, Inc. is under no obligation to, and expressly disclaims any obligation to, update or, alter its forward looking statements, whether as a result of new information, future events or otherwise.

###

CONTACT INFORMATION:

David Wall
Chief Financial Officer
Phone: (617) 689-6380
Email: david.wall@altramotion.com

Altra Industrial Motion     •     The Power of Experience

Boston Gear      •     Warner Electric     •     TB Wood’s     •     Formsprag Clutch     •     Stieber Clutch     •     Marland Clutch     •     Wichita Clutch
Industrial Clutch     •      Ameridrives Couplings     •     Nuttall Gear     •     Delroyd Worm Gear      •     Kilian Manufacturing      •     Inertia Dynamics
Matrix International     •     Twiflex Limited     •     Bibby Transmissions     •     Huco Dynatork     •     Warner Linear     •      Saftek Friction

EX-99.2

First Quarter 2007 Results April 27, 2007 Dial In Number 800.895.0231 Domestic 785.424.1054 International Conference ID: ALTRA Replay Number through May 4, 2007 800.688.9445 Domestic 404.220.1371 International Conference ID: ALTRA

Safe Harbor Statement Any forward-looking statements represent the company's expectations or beliefs concerning future events. Actual results may materially differ. Any forward-looking statement made by or on behalf of the company may involve certain risks and uncertainties including risk of cyclical and seasonal demands, consolidating customer base, leverage, consumer credit conditions, competition, continued innovation, product liabilities, availability and cost of product components, and other risks. Additional risks are described in the company's Securities and Exchange Commission reports and other filings, including, but not limited to, the risks described in the company's Annual Report on Form 10-K. Undue reliance should not be placed on any forward-looking statements made by or on behalf of the company. The company undertakes no obligations to publicly update or revise any forward- looking statements.

Record Quarterly Financial Results in 1st Quarter 2007 Revenues increased 15.6% (organically 8.1%) Operating income improved 26.9% Recurring net income was up 34.0% Reduced debt $19.5 M Reduced pension and OPEB funding requirements $16.7M Adjusted EBITDA grew 19.2% Compared to 1st Quarter 2006: Completed TB Wood's Acquisition April 5, 2007

1st Quarter 2007 Financial Highlights

1st Quarter 2007 Recurring Net Income Recurring Net Income Increased 34.0%

Balance Sheet Highlights Data Q1 2007 5.4 YE 2006 4.5 Inventory Turns +0.9x

2007 Major Initiatives Continue organic focused growth New product development Strategic target markets Grow motion control portfolio Leverage global sales force & distribution network to gain market share Continue LCC sourcing initiatives Drive operational improvements using Altra Business System Increase presence in Asia S0X implementation Realize acquisition synergies Hay Hall TB Wood's

TB Wood's Update Eliminated duplicate management structure Consolidated sales forces and completed initial cross training Reorganized business into product platforms Integrated financial reporting Eliminated public company costs Actions to Date: First Year: Warehouse consolidations LCC sourcing through Altra's Shanghai office Cross-selling and distribution growth Purchasing leverage Manufacturing rationalization

2007E Outlook Includes TB Wood's $585 - $600 Million Sales $85 - $88 Million in EBITDA

Supplemental Information Adjusted EBITDA