Allied Motion (AMOT) Misses Q4 EPS by 8c
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Allied Motion Delivers Record Annual Gross Margin of 31.3% on Revenue of $503.0 Million in 2022
March 7, 2023 4:39 PM ESTAnnual revenue up 25% to a record $503.0 million, driven by strong demand in Industrial and Aerospace & Defense markets and incremental sales from acquisitions; Organic growth was 12.0% for the year on a constant currency basis Fourth quarter revenue grew 35% to $131.1 million, with organic growth of 18.3% on a constant currency basis Annual gross margin expanded 130 basis points to a record 31.3% on higher volume and accretive acquisitions; Fourth quarter gross margin expanded 240 basis points to 31.1% Achieved annual net income of $17.4 million, or $1.09 per diluted share; Adjusted net income per share was $1.88, up... More
