Allied Motion (AMOT) Tops Q4 EPS by 8c
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Strong Results in Fourth Quarter 2019 Drove Record Annual Revenue and Net Income for Allied Motion
March 11, 2020 4:16 PM EDTFor the Quarter, revenue grew 19% to $87.9 million and net income grew 32% to $3.5 million For the Quarter, achieved gross margin of 30.1%, a 90 basis point improvement driven by lean manufacturing improvements, enhanced mix and higher volume, while strong operating leverage drove a 200 basis point expansion in operating margin. For the Year, revenue grew 19% to a record level of $371.1 million, supported by 9% organic growth, and margin expansion delivered record net income of $17.0 million, or $1.80 per diluted share. For the Year cash generated from operations nearly doubled to $34.5 million
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