Welcome to our dedicated page for Allient news (Ticker: amot), a resource for investors and traders seeking the latest updates and insights on Allient stock.
Allient Inc. (Nasdaq: AMOT) delivers precision motion solutions powering industries from medical technology to aerospace. This news hub provides investors and industry professionals with essential updates on corporate developments, financial performance, and technological innovations.
Access authoritative coverage of Allient's quarterly earnings, product launches, and strategic initiatives. Our curated news collection features verified updates on leadership transitions like Robert P. Maida's advisory role continuation, market expansion efforts, and the company's recent rebranding to reflect expanded capabilities.
Key focus areas include Allient's servo control systems, nano-precision positioning technologies, and growth in defense sector applications. Stay informed about operational milestones through press releases and analysis of the company's 20% revenue growth in 2023.
Bookmark this page for streamlined access to Allient's evolving story. For official filings and detailed investor materials, visit alliedmotion.com directly.
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.
