AMOT - Allied Motion Technologies Non-GAAP EPS of $0.55 beats by $0.09 revenue of $145.5M beats by $10.17M

2023-05-03 17:26:13 ET

• Allied Motion Technologies press release ( NASDAQ: AMOT ): Q1 Non-GAAP EPS of $0.55 beats by $0.09 .
• Revenue of $145.5M (+26.8% Y/Y) beats by $10.17M .
• Gross margin expanded 230 basis points to 31.5% on higher volume and accretive acquisitions.
• Adjusted EBITDA was $19.0 million, up $6.1 million, or 47%.
• “2023 is off to a strong start, and while we are seeing some pockets of weakness, especially in Europe, our overall demand outlook is positive with a healthy backlog to continue to support our growth. We expect our investments in technology and solutions, as well as the further integration, rationalization and leveraging of recent acquisitions, to continue to yield results we anticipated and, over time, support an enhanced margin profile.”

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