Allied Motion (AMOT) Tops Q2 EPS by 11c
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Allied Motion Reports Record Gross Margin of 32.4% on Revenue of $122.7 Million in Second Quarter 2022
August 3, 2022 4:17 PM EDTRevenue grew 21% to a record $122.7 million, with organic growth of 10% Gross margin expanded to a record 32.4%, up 170 basis points year-over-year and 320 basis points over the sequential 2022 first quarter, despite ongoing supply chain disruptions as well as material and labor inflation Achieved net income of $4.6 million or $0.29 per diluted share; Adjusted net income per share was $0.36, up 9% Continued strong demand yields orders of $139.2 million, with a book-to-bill ratio of 1.1x Record backlog of $323.9 million, up 12% sequentially on solid demand and incremental backlog from recent... More
