8-K/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K/A

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

August 13, 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 of incorporation)	(Commission File Number)	(IRS Employer 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))

Item 2.02 Results of Operations and Financial Condition

     This Current Report on Form 8-K/A amends the Current Report on Form 8-K dated July 27, 2007 of Altra Holdings, Inc. (“the Company”). On August 13, 2007, the Company announced certain revisions to its unaudited financial results for the second quarter and the year to date period ended June 30, 2007 related to a decrease in cost of goods sold in connection with a non-cash inventory purchase accounting adjustment associated with its recent acquisition of TB Wood’s, Inc. The revisions were the result of the Company’s continuing work to finalize the purchase accounting for the TB Wood’s acquisition. A copy of the press release announcing the revisions is attached hereto as Exhibit 99.1, which is incorporated by reference herein. On July 27, 2007, the Company held a conference call with investors to discuss second quarter results. The chart presentation used during the call has been revised to incorporate these changes and is attached hereto as Exhibit 99.2 to this report and is incorporated by reference herein. (Also filed pursuant to Item 8.01)

Item 9.01 Financial Statements and Exhibits

     (c) Exhibits

99.1	Press release of Altra Holdings, Inc., dated August 13, 2007, announcing certain revisions to its unaudited financial results for the second quarter and first 6 months of 2007.
99.2	Revised charts used during the investor conference call on July 27, 2007.

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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 HOLDINGS, INC.
/s/ Michael L. Hurt
Name:	Michael L. Hurt
Title:	Chief Executive Officer

Date: August 13, 2007

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EX-99.1

EXHIBIT 99.1

ALTRA HOLDINGS, INC., ANNOUNCES REVISED RESULTS FOR THE
SECOND QUARTER 2007

QUINCY, MA — August 13, 2007

Altra Holdings, Inc. (NASDAQ: AIMC), announced certain revisions to its unaudited financial results for the second quarter and six months ended June 30, 2007 related to a decrease in cost of goods sold in connection with a non-cash inventory purchase accounting adjustment associated with its recent acquisition of TB Wood’s. The revisions were the result of the Company’s continuing work to finalize the purchase accounting for the TB Wood’s acquisition. The revision resulted in an increase in gross profit and operating income of $2.1 million for both the second quarter and six months ended June 30, 2007 from that which the Company previously reported on July 26, 2007. Net income increased $1.4 million for both the second quarter and six months ended June 30, 2007 from amounts previously reported. Fully diluted earnings per share increased $.06 for both the second quarter and six months ended June 30, 2007 from amounts previously reported. Recurring diluted earnings per share of $.31 for the second quarter and $.60 for the six months ended June 30, 2007 remained unchanged from amounts previously reported.

	(Unaudited)				(Unaudited)
	Quarter Ended				Year to Date Ended
Statement of Operations Data:	Previously Reported		Revised		Previously Reported		Revised
In Thousands of Dollars	June 30, 2007		June 30, 2007		June 30, 2007		June 30, 2007
Net sales	$	163,142	$	163,142	$	295,848	$	295,848
Cost of sales		119,369		117,238		214,027		211,896
Gross profit		43,773		45,904		81,821		83,952
Selling, general & operating expenses		27,267		27,267		49,388		49,388
Restructuring charges		198		198		991		991
Operating income		16,308		18,439		31,442		33,573
Interest expense, net		10,692		10,692		19,840		19,840
Other expense (income), net		123		123		76		76
Income before taxes		5,493		7,624		11,526		13,657
Income taxes		2,045		2,803		4,310		5,068
Net income	$	3,448	$	4,821	$	7,216	$	8,589
Net Income per share:
Basic	$	0.15	$	0.22	$	0.33	$	0.39
Diluted	$	0.15	$	0.21	$	0.31	$	0.37
Weighted Average common shares outstanding
Basic		22,250		22,250		22,066		22,066
Diluted		23,268		23,268		23,075		23,075

	(Unaudited)
Balance Sheet Data:	Previously Reported		Revised
In Thousands of Dollars	June 30, 2007		June 30, 2007
Assets:
Cash and cash equivalents	$	34,376	$	34,376
Trade Receivables, net		92,706	$	92,706
Inventories, net		104,287	$	106,418
Property, plant and equipment, net		116,380	$	116,380
Liabilities:
Current liabilities	$	80,761	$	81,519
Long-term debt	$	321,341	$	321,341
Stockholders’ equity	$	137,322	$	138,695

	(Unaudited)				(Unaudited)
	Quarter Ended				Year to Date Ended
	Previously Reported		Revised		Previously Reported		Revised
Other Financial Data:	June 30, 2007		June 30, 2007		June 30, 2007		June 30, 2007
Depreciation & amortization	$	6,067	$	6,067	$	10,532	$	10,532
Non cash inventory step up costs	$	2,782	$	651	$	2,782	$	651
Capital expenditures	$	3,215	$	3,215	$	4,249	$	4,249

Altra Holdings, Inc., through its wholly-owned subsidiary Altra Industrial Motion, Inc., is a leading multi-national 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 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 Registration Statement on Form S-1 filed on June 4, 2007. 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. AIMC-E

SOURCE: Altra Holdings documents

###

CONTACT INFORMATION:

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

EX-99.2

EXHIBIT 99.2

Revised Second Quarter 2007 Results August 13, 2007

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 Registration Statement on Form S-1 filed on June 4, 2007. 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 2nd Quarter 2007 Revenues increased 36.1% (organically 9.6.%) Operating income improved 54.6% Recurring net income was up 46.9% Adjusted EBITDA grew 46.8% Recurring EPS increased 24.0% Reduced $11.3 M of 11 1/4% Bonds Compared to 2nd Quarter 2006: Sold 12.65 M shares / 3.18 M primary shares Significantly increased the float and raised net proceeds of $49.6 M Completed Follow-on offering June 19, 2007

2nd Quarter 2007 Financial Highlights

2nd Quarter 2007 Recurring Net Income Recurring Net Income Increased 46.9%

First Half 2007 Financial Highlights

Balance Sheet Highlights

Strategies for Profitable Growth Leverage global sales & distribution network Focus on strategic markets Expand into new markets Accelerate new product development Continue focus on cost reduction Pursue strategic acquisitions

Acquisition Synergies Update Synergies estimate: $6 M - $8 M by end of year 2009 Implemented: $5.4 M annualized TB Wood's: (acquired April 2007) Hay Hall: (acquired February 2006) Synergies estimate: $6 M by end of year 2008 Implemented: $5.6 M annualized

2007E Outlook Includes TB Wood's Results since Acquisition on April 5, 2007 $585 - $600 Million Sales $85 - $88 Million in EBITDA $15 Million in Capital Expenditures 37% Effective Tax Rate Recurring Cash Flow from Operations - 115% to 120% of net income

Supplemental Information Adjusted EBITDA

Purchase Accounting Adjustments Related to TB Wood's Acquisition

First Half 2007 Recurring Net Income Recurring Net Income Increased 40.4%