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Achieved record orders of $108.5 million and record backlog of $141.3 million at year-end
Continued strong cash generation despite challenging macro environment:
Quarter: Cash flow from operations of $9.8 million and $7.0 million of free cash flow
Full year: Cash flow from operations of $24.8 million and $15.5 million of free cash flow
Paid down $4.6 million of debt in the quarter and nearly $17.0 million during the full year 2020 Free cash flow is a non-GAAP metric defined as cash flow from operations less capital expenditures
(Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, today reported financial results for its fourth quarter and full year ended December 31, 2020. Results include the Dynamic Controls Group (“Dynamic Controls”) acquisition that was completed on March 7, 2020.