Allied Motion (AMOT) Reports Q2 EPS of $0.31
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Allied Motion Reports Sales Up 9% in Second Quarter 2016
August 4, 2016 6:55 AM EDTAMHERST, N.Y., Aug. 04, 2016 (GLOBE NEWSWIRE) -- Allied Motion Technologies Inc. (NASDAQ: AMOT) (Company), a global designer and manufacturer of motion control products and solutions, today reported financial results for the second quarter ended June 30, 2016. Results include the acquisition of Heidrive GmbH (Heidrive) acquired on January 12, 2016.
Second Quarter 2016 PerformanceÂ
Achieved revenue of $65.8 million; up 8.9% over prior-year periodGross margin was 29.8%; Operating income increased 4.0%Net income declined 5.9% on higher effective tax rate of 34.7%Adjusted EBITDA* increased 4.1% to $8.4... More