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) is a global leader in the design, manufacturing, and sales of precision and specialty-controlled motion products and solutions. Headquartered in Amherst, NY, the company serves a broad range of markets, including Industrial, Vehicle, Medical, and Aerospace & Defense sectors. With its expertise in electro-magnetic, mechanical, and electronic controlled motion technologies, Allient is committed to delivering high-quality solutions to clients worldwide.
Allient's product portfolio is diverse, comprising nano precision positioning systems, servo control systems, motion controllers, digital servo amplifiers and drives, brushless servo, torque, and coreless motors, brush motors, integrated motor-drives, gear motors, gearing, incremental and absolute optical encoders, and both active (electronic) and passive (magnetic) filters for power quality and harmonic issues. The company also offers Industrial safety-rated I/O Modules and Universal Industrial Communications Gateways.
In recent news, Allient announced the retirement of Robert P. Maida, Senior Vice President and Group President, effective September 30, 2023. Mr. Maida has served the company for over a decade and will continue to provide his expertise as an advisor to the CEO. Additionally, Allient reported record sales and strong organic growth in their second quarter of 2023, with revenue up 20% to $146.8 million and net income increasing 48% to $6.8 million.
Allient's growth strategy focuses on capturing greater market share by continuously developing its products and services to provide comprehensive solutions that utilize multiple technologies. The company regularly updates its stakeholders with news and important information on its official website, www.alliedmotion.com.
Furthermore, the company has recently undergone a name change from Allied Motion Technologies Inc. to Allient Inc., reflecting its evolution and expanding capabilities in Motion, Controls, and Power solutions. This change underscores Allient's commitment to innovation and its strategic goal to broaden its market presence and value proposition.
Allied Motion Technologies (NASDAQ: AMOT) has acquired Airex, LLC, enhancing its portfolio in defense, life sciences, and semiconductor markets. Airex, with 70 years of experience, specializes in high-precision electromagnetic components and offers industry-leading linear motors. This strategic acquisition is expected to boost Allied's margins and earnings per share in the first year, although financial terms were not disclosed. The move aims to leverage Airex’s quality systems and engineering capabilities to better serve mission-critical applications.
Allied Motion Technologies (NASDAQ: AMOT) has announced the acquisition of FPH Group, specializing in advanced electrical drive systems for the defense industry. This strategic move aims to deepen Allied's penetration in defense applications and leverage FPH's established relationships with major defense contractors. The acquisition is anticipated to enhance Allied's margins and earnings per share in its first year. Financial terms were not disclosed. Allied's growth strategy focuses on controlled motion technologies across various markets.
Allied Motion Technologies Inc. (NASDAQ: AMOT) has announced the acquisition of ThinGap, a developer of high-performance slotless motors. This acquisition enhances Allied's capabilities in precision motion solutions, particularly in the robotics, semiconductor, and instrumentation sectors. ThinGap's motors are utilized in aerospace, defense, and medical applications, aligning with Allied's strategy to deliver integrated solutions. The acquisition is seen as a strategic move to strengthen market presence and drive growth opportunities.
Allied Motion Technologies (NASDAQ: AMOT) has announced a merger agreement with ThinGap, a manufacturer of high-performance motors for demanding applications, including aerospace and medical sectors. The merger aims to enhance Allied Motion's precision motion capabilities and leverage both companies' sales channels to drive growth. The acquisition is set to close in Q2 2022, pending customary conditions. Allied Motion focuses on precision controlled motion solutions across various markets, enhancing its competitive edge in the industry.
Allied Motion Technologies (NASDAQ: AMOT) declared a quarterly cash dividend of $0.025 per share, scheduled for payment on June 2, 2022. The record date for shareholders is May 19, 2022. The company specializes in precision controlled motion products across various sectors, including Vehicle, Medical, Aerospace & Defense, and others. This dividend reflects Allied Motion's commitment to returning value to its shareholders while pursuing its growth strategy focused on integrated precision solutions.
Allied Motion Technologies Inc. (Nasdaq: AMOT) reported first-quarter 2022 revenue of $114.8 million, a 13% increase, with organic growth of 5.3%. A record book-to-bill ratio of 1.4x was achieved amid strong demand, resulting in a backlog of $289.3 million, up 16% sequentially. Gross margin remained stable at 29.2%, despite inflation and supply chain issues. Net income decreased to $2.5 million ($0.16/share) from a prior-year period of $11.9 million ($0.83/share), influenced by a previous tax benefit. Management remains optimistic about future performance.
Allied Motion Technologies Inc. (NASDAQ: AMOT) will release its first quarter 2022 financial results on May 4, 2022, after market close. Following the release, the Company will host a conference call on May 5, 2022, at 10:00 a.m. ET, to discuss these results, including a Q&A session. Investors can access the call via telephone or webcast, and a replay will be available until May 12, 2022. Allied Motion, based in Amherst, NY, specializes in precision controlled motion products across various sectors.
Allied Motion Technologies reported a 10% year-over-year revenue growth, reaching $403.5 million in 2021, driven by industrial and vehicle markets recovering post-pandemic. The fourth quarter revenue was $96.8 million, up 4%. Gross margins improved to 30.0% for the year and 28.7% for Q4, despite supply chain challenges. Net income surged 77% to $24.1 million, or $1.66 per diluted share. The company completed three acquisitions, expecting an additional $60 million in revenue in 2022. Orders for Q4 totaled $114.9 million, leading to a backlog of $249.9 million.
Allied Motion Technologies Inc. (Nasdaq: AMOT) has announced a quarterly cash dividend of $0.025 per share, payable on April 6, 2022, to stockholders of record by the close of business on March 23, 2022. The company specializes in precision controlled motion products used in various markets, including Vehicle, Medical, Aerospace & Defense, and Industrial sectors. This dividend payment reflects Allied Motion's ongoing commitment to delivering value to its shareholders while focusing on growth strategies in targeted markets.
Graham Corporation (NYSE: GHM) announced the appointment of Christopher J. Thome as Vice President - Finance and Chief Financial Officer, effective April 4, 2022. Thome joins from Allied Motion Technologies (NASDAQ: AMOT) with nearly 30 years of finance experience. CEO Daniel J. Thoren expressed optimism about Thome's expertise in financial controls and operational knowledge, which could enhance the company's growth potential in defense and energy sectors. Thome succeeds Jeffrey F. Glajch, who retired.
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