Allied Motion (AMOT) Tops Q1 EPS by 21c
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Allied Motion Reports First Quarter 2020 Results
May 6, 2020 4:15 PM EDTAcquisition of Dynamic Controls and the increased demand from certain medical applications partially offset the reduction in demand in Allieds Vehicle markets due to COVID-19 Vast majority of production continues as supplier for critical industries Achieved gross margin of 30.4%, a 90 basis point improvement driven by lean manufacturing and improved mix
AMHERST, N.Y.--(BUSINESS... More
