Allied Motion (AMOT) Tops Q1 EPS by 11c
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Allied Motion Reports 13% Revenue Growth and Record Orders and Backlog in First Quarter 2022
May 4, 2022 4:15 PM EDTRevenue grew 13% to $114.8 million, with organic growth of 5.3% Gross margin was 29.2%, up 50 basis points over the sequential 2021 fourth quarter, despite ongoing supply chain disruptions as well as material and labor inflation Record orders of $155.3 million drove a book-to-bill ratio of 1.4x Record backlog of $289.3 million, up 16% sequentially on strong demand
AMHERST, N.Y.--(BUSINESS... More
