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Allied Motion Technologies : Allied Motion Reports Fourth Quarter and Full Year 2020 Results

Message : Required fields 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.

United statesDick warzalaExchange commissionAerospace defenseMotion or companyDynamic controls groupMotion technologies inc nasdaqMotion technologies incAllied motion technologies incDynamic controlsAdjusted net incomeDiluted earningsAllied motionAdjusted netCash flowBacklog summary

Allied Motion: Q4 Earnings Snapshot

Allied Motion: Q4 Earnings Snapshot March 10, 2021 FacebookTwitterEmail The Amherst, New York-based company said it had net income of 28 cents per share. The motion control product maker posted revenue of $93 million in the period. For the year, the company reported profit of $13.6 million, or $1.43 per share. Revenue was reported as $366.7 million. Allied Motion shares have decreased 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.44, a climb of 40% in the last 12 months. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMOT at https://www.zacks.com/ap/AMOT

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Germany Electric Motor Market CAGR and Value Chain Study for the Septennial 2021-2027 – KSU

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