Altra Industrial Motion Corp. (Nasdaq:AIMC) a global designer, producer and marketer of a wide range of electromechanical power transmission products, was recently named in “Forbes America’s 100 Most Trustworthy Companies.” Altra, headquartered in Braintree, Mass., achieved an AGR (Accounting Governance and Risk) score of 97 out of a possible 100, which was tied for both the second highest overall score and the highest score within the small cap category on the 2014 list.
“Integrity is the number one principle, as part of our core values, that guides our overall corporate mission,” said Carl Christenson, Altra’s president and CEO. “I am extremely proud of Altra’s inclusion in Forbes 100 Most Trustworthy Companies. This is a notable acknowledgment of the efforts of our directors, officers and employees as they uphold our high corporate standards for honesty, fairness and trust.”
The Forbes 100 Most Trustworthy Companies in America were selected by GMI Ratings, after review of more than 8,000 North American public companies. Those companies with the highest AGR scores for all four quarters of 2013 made the list. Companies are ranked based on various factors such as revenue and expense recognition methods, bankruptcy risk, SEC actions and high risk events.