Allied Motion (AMOT) Tops Q1 EPS by 12c
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Allied Motion Reports Record Revenue, Orders and Backlog in First Quarter 2021
May 5, 2021 4:14 PM EDTRecord revenue of $101.7 million, up 10% over the prior-year period, driven by Medical and Vehicle market demand Record orders of $114.6 million, up 23% over the prior-year period, demonstrated strong execution and improving market conditions Record backlog of $152.3 million, up 8% sequentially Higher volume resulted in operating income of $6.6 million or 6.5% of revenue Achieved net income of $11.9 million, including a one-time tax benefit Generated $5.6 million in cash from operations
AMHERST, N.Y.--(BUSINESS... More
