Allied Motion Technologies Stock News

Allied Motion Technologies, Inc. (AMOT) CEO Richard Warzala on Q4 2021 Results - Earnings Call Transcript

Allied Motion (AMOT) delivered earnings and revenue surprises of -33.33% and 2.72%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Allied Motion Technologies press release (AMOT): Q4 Non-GAAP EPS of $0.20 misses by $0.04.Revenue of $96.79M (+4.1% Y/Y) beats by $0.54M.

Allied Motion Technologies (AMOT) declares $0.025/share quarterly dividend, in line with previous.

Revenue grew 10% to $403.5 million in 2021, driven by broad-based recovery in target markets and new solutions offerings; Fourth quarter revenue was $96.8 million, up 4% from the prior year quarter Gross margin expanded 40 basis points to 30.0% in the year on higher volume, improved mix and strategic pricing; Fourth quarter gross margin was 28.7%, up 80 basis points despite ongoing supply chain disruptions as well as material and labor inflation Annual net income increased 77% to $24.1 million, or $1.66 per diluted share; Excluding net tax benefits and business development costs, adjusted net income was $1.26 per diluted share, up 26% for the year Fourth quarter orders of $114.9 million drove a book-to-bill ratio of 1.2x Record backlog of $249.9 million, up 35% sequentially on demand and incremental backlog from recent acquisitions Generated $25.4 million of cash from operations in 2021 Completed three acquisitions in the fourth quarter that further enhance technology and capabilities Allied Motion Technologies Inc. (NASDAQ: AMOT ) ("Allied Motion" or "Company"), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, today reported financial results for its fourth quarter and year ended December 31, 2021.

Allied Motion (AMOT) delivered earnings and revenue surprises of -33.33% and 2.72%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

AMOT vs. TRNS: Which Stock Is the Better Value Option?

AMOT vs. TRNS: Which Stock Is the Better Value Option?

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