Allied Motion (AMOT) Tops Q4 EPS by 15c

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Go back to Allied Motion (AMOT) Tops Q4 EPS by 15c

Allied Motion Reports Operating Income up 47% on Revenue Growth of 25% in First Quarter 2018

May 2, 2018 4:17 PM EDT

AMHERST, N.Y.--(BUSINESS WIRE)-- Allied Motion Technologies Inc. (NASDAQ: AMOT) (Company), a designer and manufacturer that sells precision motion control products and solutions to the global market, today reported financial results for the first quarter ended March 31, 2018. Reported results include the acquisition of the original equipment steering business of Maval Industries, LLC (Maval) in January 2018.

First quarter revenue increased 25% to a record $76.6 million... More