Allied Motion (AMOT) Tops Q3 EPS by 17c
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Allied Motion Reports Record Revenue of $96.6 Million and Expanded Margins in Third Quarter 2019
October 31, 2019 4:16 PM EDTOne Allied strategy drives revenue growth of 21% to a record $96.6 million Gross margin expanded 140 basis points to 31.1% Operating income grew 22% to $8.8 million with operating margin of 9.1% Net income was $4.6 million, or $0.49 per diluted share; Excluding atypical foreign tax assessment charges, adjusted net income* grew 12% to $5.4 million, or $0.57 per diluted share Year-to-date cash generated from operations was $17.0 million, up 51%
AMHERST, N.Y.--(BUSINESS WIRE)--
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