Allied Motion (AMOT) Tops Q3 EPS by 10c
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Allied Motion Reports 9% Revenue Growth and Record Orders and Backlog in Third Quarter 2021
November 3, 2021 4:15 PM EDTRevenue grew 9% to $103.5 million over the prior-year period, driven by strong recovery in Industrial markets Gross margin expanded 120 basis points to 30.9% year-over-year and 20 basis points sequentially on higher volume, strategic pricing and improved mix Achieved net income of $6.0 million, or $0.41 per diluted share, up 49% Record orders of $119.9 million drove a book-to-bill ratio of 1.2x Record backlog of $185.6 million, up 9% sequentially
AMHERST, N.Y.--(BUSINESS... More
