Engineering,
Automotive Manufacturing,
Technology,
Aerospace,
Manufacturing,
Hardware,
Nexus,
Control,
AMOT,
Webcast,
Growth,
Management,
Sales,
Motion Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced today that shareholders approved its corporate name change to Allient Inc. at a special meeting of shareholders held on August 11, 2023.
Key Points:
- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced today that shareholders approved its corporate name change to Allient Inc. at a special meeting of shareholders held on August 11, 2023.
- The new name will be effective August 23, 2023, and at the opening of the markets that day, the Company’s shares will commence trading under the new ticker ALNT on the Nasdaq.
- “The name change builds off the success we have demonstrated in the Motion industry and reflects the evolution of our technology portfolio into a broader set of Motion, Controls and Power solutions.
- In addition, we are structuring our organization with focused market selling and support teams to increase solution sales opportunities under the Allient brand.
Retrieved on:
Wednesday, August 2, 2023
Automotive Manufacturing,
Technology,
Aerospace,
Other Technology,
Manufacturing,
Hardware,
Capital expenditure,
Table,
Defense,
Vehicle,
Tax,
AGC Aerospace & Defense,
HVAC,
Public expenditure,
EBITDA,
Acquisition,
AMOT,
Distribution,
Depreciation,
Growth,
Industrial market segmentation,
Adjustment,
Automation,
Video game,
Music Industrial Markets were up 39% over last year’s second quarter, largely driven by industrial automation projects and power quality solutions.
Key Points:
- Industrial Markets were up 39% over last year’s second quarter, largely driven by industrial automation projects and power quality solutions.
- Excluding the unfavorable impact of foreign currency exchange rate fluctuations on revenue of $0.4 million, organic growth was 17%.
- As a result, operating income was $23.4 million, or 8.0% of sales, compared with $11.8 million, or 5.0% of sales.
- The Company expects 2023 capital expenditures to be in the range of $16 million to $20 million.
Retrieved on:
Wednesday, August 2, 2023
Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a quarterly cash dividend payment of $0.03 per share.
Key Points:
- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a quarterly cash dividend payment of $0.03 per share.
- The dividend will be payable on August 31, 2023 to stockholders of record as of the close of business on August 17, 2023.
Defense,
Automotive Manufacturing,
Technology,
Aerospace,
Manufacturing,
Other Technology,
Other Defense,
AMOT,
Film industry,
Online shopping,
Cryptocurrency Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it will release its second quarter 2023 results after the close of financial markets on Wednesday, August 2, 2023.
Key Points:
- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it will release its second quarter 2023 results after the close of financial markets on Wednesday, August 2, 2023.
- The Company will host a conference call and webcast to review the financial and operating results for the period.
- A question-and-answer session will follow.
Automotive Manufacturing,
Aerospace,
Manufacturing,
Other Technology,
Technology,
Senior,
Social,
Retirement,
AMOT,
Growth,
AST,
Allied Motion Technologies,
Operational excellence,
Management Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that Robert P. Maida, Senior Vice President and Group President, will retire September 30, 2023 after more than 10 years with the Company.
Key Points:
- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that Robert P. Maida, Senior Vice President and Group President, will retire September 30, 2023 after more than 10 years with the Company.
- Upon his retirement, Mr. Maida will serve in an advisory role to the CEO.
- Dick Warzala, Chairman and CEO, commented, “For more than a decade, Rob has been a great partner to me and has played an instrumental role in helping shape and build Allied into the global, controlled motion solution provider we are today.
- Rob has held various key leadership positions and roles within Allied and perhaps most significantly, has always been recognized as a team player by all within the company.
Defense,
Automotive Manufacturing,
Technology,
Aerospace,
Manufacturing,
Other Technology,
Other Defense,
Rationalization,
Capital expenditure,
Table,
Vehicle,
Tax,
Weakness,
AGC Aerospace & Defense,
HVAC,
Public expenditure,
Acquisition,
Investment,
AMOT,
Distribution,
Depreciation,
Growth,
Adjustment,
Automation,
Retail,
Bank,
Life insurance “We delivered record sales in the quarter as our global team continued to execute our strategy and drive strong organic growth.
Key Points:
- “We delivered record sales in the quarter as our global team continued to execute our strategy and drive strong organic growth.
- Excluding the unfavorable impact of foreign currency exchange rate fluctuations on revenue of $3.3 million, revenue was up 30%, including organic growth of 25%.
- Operating costs and expenses were 23.7% of revenue, down 170 basis points, which reflected the operating leverage obtained from strong revenue growth.
- As a result, operating income increased to $11.4 million compared with $4.3 million, and as a percent of revenue was 7.8%, up 410 basis points.
Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a quarterly cash dividend payment of $0.03 per share, up 20% from the previous rate of $0.025 per share.
Key Points:
- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a quarterly cash dividend payment of $0.03 per share, up 20% from the previous rate of $0.025 per share.
- The dividend will be payable on June 1, 2023 to stockholders of record as of the close of business on May 18, 2023.
- Dick Warzala, Chairman and CEO, commented, “This dividend increase reflects our confidence in our strategy, strong financial position and positive long-term view of the markets we serve.”
Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it will release its first quarter 2023 results after the close of financial markets on Wednesday, May 3, 2023.
Key Points:
- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it will release its first quarter 2023 results after the close of financial markets on Wednesday, May 3, 2023.
- The Company will host a conference call and webcast to review the financial and operating results for the period.
- Webcast and accompanying slide presentation: www.alliedmotion.com/investor-relations
A telephonic replay will be available from 1:00 p.m.
- The webcast replay will be available on the Company’s website, where a transcript will be posted once available.
Automotive Manufacturing,
Aerospace,
Manufacturing,
Other Technology,
Technology,
Legislation,
Adjustment,
Electronics,
Distribution,
Tax,
Engineering,
Table,
FX,
Defense,
Public expenditure,
EBITDA,
AGC Aerospace & Defense,
AMOT,
Medicine,
Automation,
Depreciation,
Marketing,
Bank,
Video game Excluding the unfavorable impact of foreign currency exchange rate fluctuations on revenue of $6.7 million, revenue was up 42%, including organic growth of 18.3%.
Key Points:
- Excluding the unfavorable impact of foreign currency exchange rate fluctuations on revenue of $6.7 million, revenue was up 42%, including organic growth of 18.3%.
- As a result, operating income was $8.2 million compared with $4.0 million, and as a percent of revenue was 6.2%, up 210 basis points.
- Revenue of $503.0 million increased $99.5 million, or 25%, reflecting strong demand in Industrial and Aerospace & Defense markets, including incremental sales from acquisitions.
- Gross margin was 31.3%, up 130 basis points, and reflected similar impacts as the fourth quarter of 2022.
Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a quarterly cash dividend payment of $0.025 per share.
Key Points:
- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a quarterly cash dividend payment of $0.025 per share.
- The dividend will be payable on April 5, 2023 to stockholders of record as of the close of business on March 22, 2023.
