Allied Motion (AMOT) Tops Q3 EPS by 15c
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Allied Motion Revenue Growth of 23% Drives 37% Increase in Operating Income in Third Quarter 2018
October 31, 2018 4:14 PM EDTRevenue increased $15.1 million to a record $80.1 million driven primarily by organic growth Demonstrated strong operating leverage with operating margin expansion of 90 basis points to 9.0% Achieved net income of $4.9 million, up $1.8 million, or 59%; Diluted earnings per share increased $0.19 to $0.52 Backlog grew 4% sequentially to a record level of $115.7 million
AMHERST, N.Y.--(BUSINESS WIRE)--... More
