Revenue grew 8% to $145.3 million; Organic growth of 7% on a constant currency basis
Gross margin expanded 50 basis points to a record 32.7%, largely due to favorable end market mix
Net income.
Allient Inc. (formerly known as Allied Motion Technologies Inc.) ("Allient" or the "Company"), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications,.
Allient Reports Record Gross Margin of 32 7% on Revenue of $145 3 Million in Third Quarter 2023 tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
Revenue grew 20% to a record $146.8 million with organic growth of 17% on a constant currency basis for the quarter
Gross margin was 31.3% with operating income up 60% to a record $12.0 million,.
Allied Motion Reports Operating Income Growth of 60% to a Record $12 0 Million on Revenue of $146 8 Million in Second Quarter 2023 wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.