Allied Motion (AMOT) Tops Q3 EPS by 23c
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Allied Motion Reports Record Operating Income on Revenue of $134.4 Million in Third Quarter 2022
November 2, 2022 4:21 PM EDTRevenue grew 30% to a record $134.4 million, with organic growth of 15% on a constant currency basis
Gross margin expanded 130 basis points to 32.2% year-over-year as higher volume, recent acquisitions and pricing more than offset ongoing supply chain disruptions and material and labor inflation
Operating income grew 35% to a record $11.7 million with a margin of 8.7%, which was up
30 basis points due to operating leverage
Achieved net income of $6.6 million or $0.41 per diluted share
Adjusted net income per share was $0.60, up 22%
AMHERST, N.Y.--(BUSINESS... More
