Welcome to our dedicated page for AMOT news (Ticker: amot), a resource for investors and traders seeking the latest updates and insights on AMOT stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AMOT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AMOT's position in the market.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Allied Motion Technologies Inc. (NASDAQ: AMOT) will announce its first quarter 2023 results after market close on May 3, 2023. A conference call will follow on May 4, 2023, at 10:00 a.m. ET, including a Q&A session. The call can be accessed via phone or webcast on the company's investor relations website.
Allied Motion specializes in precision and specialty controlled motion products across various sectors, including industrial, vehicle, medical, and aerospace & defense. The company's growth strategy focuses on enhancing its product and service offerings in the controlled motion sector to deliver increased value.
Allied Motion Technologies reported a remarkable 25% annual revenue growth to a record $503.0 million, fueled by strong demand in the Industrial and Aerospace & Defense sectors. The company achieved 35% fourth quarter revenue growth to $131.1 million with an 18.3% organic growth rate. Gross margins improved to record levels, with an annual gross margin of 31.3%. Annual net income reached $17.4 million, or $1.09 per diluted share. Orders in the fourth quarter totaled $145.6 million, leading to a strong book-to-bill ratio of 1.1x and a backlog of $330.1 million.
Allied Motion Technologies Inc. (Nasdaq: AMOT), based in Amherst, NY, has announced a quarterly cash dividend of $0.025 per share. This dividend will be paid on April 5, 2023, to shareholders recorded as of March 22, 2023. Allied Motion specializes in precision-controlled motion products across various industries, including Vehicle, Medical, Aerospace & Defense, and Industrial Markets. The company's strategic focus lies in leveraging its technology to deliver integrated precision solutions aimed at enhancing customer value.
