Allied Motion (AMOT) Tops Q3 EPS by 14c
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Allied Motion Reports Third Quarter 2020 Results
November 4, 2020 4:19 PM ESTStrong demand in Medical market drove total quarterly revenue of $94.7 million, up 9% over the sequential second quarter 2020
Operating margin expanded 100 basis points sequentially from operating leverage on higher volume
Strong cash generation: Cash from operations of $8.4 million in the quarter and $5.5 million of free cash flow*
Strengthening balance sheet: Paid down $4.4 million of debt in the quarter
*Free cash flow is a non-GAAP metric defined as cash flow from operations less capital expenditures of $2.9 million
AMHERST, N.Y.--(BUSINESS... More
