Allied Motion (AMOT) Reports Q4 EPS of $0.07

Allied Motion (NASDAQ: AMOT) reported Q4 EPS of $0.07, versus $0.53 reported last year. Revenue for the quarter came in at $50.8 million, versus $61.9 million reported last year.

Fourth quarter earnings before interest, taxes, depreciation, amortization, stock compensation and business development expense (“Adjusted EBITDA”) were $5.5 million compared with $9.4 million in the fourth quarter of 2014. The Company believes that, when used in conjunction with measures prepared in accordance with U.S. generally accepted accounting principles, Adjusted EBITDA, which is a non-GAAP measure, helps in the understanding of its operating performance.

Guidance:

Bookings for the fourth quarter were $54.2 million compared with $56.9 million for the fourth quarter of 2014, a decrease of 4.9%. Excluding the negative $2.4 million impact of FX, bookings were $56.6 million, down 0.6% from the prior-year period. The decrease in bookings was 12% volume related. Full year bookings, excluding FX, were $247.4 million, down from $251.5 million in 2014.

Backlog as of December 31, 2015 was $71.0 million compared with $75.1 million at December 31, 2014. Excluding the negative $4.0 million impact of FX, backlog was $75.0 million, relatively consistent with backlog as of December 31, 2014.

For earnings history and earnings-related data on Allied Motion (AMOT) click here.

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