Allied Motion (AMOT) Tops Q2 EPS by 2c
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Allied Motion Reports Operating Income Growth of 60% to a Record $12.0 Million on Revenue of $146.8 Million in Second Quarter 2023
August 2, 2023 4:23 PM EDTRevenue grew 20% to a record $146.8 million with organic growth of 17% on a constant currency basis for the quarter Gross margin was 31.3% with operating income up 60% to a record $12.0 million, up 210 basis points Net income up 48% to $6.8 million or $0.42 per diluted share Adjusted net income up 23% to $0.58 per share Generated $13.7 million of cash from operations and reduced debt balance $9.4 million during the quarter
AMHERST, N.Y.--(BUSINESS... More
