Allied Motion (AMOT) Tops Q2 EPS by 6c
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Allied Motion Reports Strong Revenue Growth and Record Orders and Backlog in Second Quarter 2021
August 4, 2021 4:15 PM EDTRevenue of $101.5 million, up 17% over the prior-year period, driven by recovery in Vehicle and Industrial markets Gross margin of 30.7% expanded 20 basis points quarter-over-quarter and 110 basis points sequentially on higher volume and improved mix Achieved net income of $4.6 million, or $0.32 per diluted share, up 60% Record orders of $119.0 million, up 4% sequentially Record backlog of $170.4 million, up 12% sequentially Paid down $7.6 million of debt in the quarter
AMHERST, N.Y.--(BUSINESS... More
