Allied Motion (AMOT) Misses Q4 EPS by 12c, Revenues Miss

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Go back to Allied Motion (AMOT) Misses Q4 EPS by 12c, Revenues Miss

Allied Motion Reports Record Revenue and Net Income for 2018

March 13, 2019 4:25 PM EDT

Revenue for the year increased $58.6 million, or 23%, driven primarily by 15% organic growth 2018 net income nearly doubled to a record $15.9 million; Diluted earnings per share increased $0.83 to $1.70 Fourth quarter revenue grew 13% to $73.9 million; Organic growth was 5% excluding FX Backlog grew 14% sequentially to a record level of $132.0 million Enhanced market and technology capabilities with TCI, LLC acquisition

AMHERST, N.Y.--(BUSINESS WIRE)--... More