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Top News In இயக்கம் தொழில்நுட்பங்கள் இன்க் Today - Breaking & Trending Today

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

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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. ....

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Allied Motion: Q4 Earnings Snapshot

Allied Motion: Q4 Earnings Snapshot
March 10, 2021
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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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Partnership By Major Players To Power Growth In The Market
Major players in the global market for electric motor adopted product launch and partnership as its major developmental tactic to branch out its business and enhance its product portfolio. For example, WEG S.A, and Spanish private firm, a leading provider of pork, in January 2019 inked partnership deal. As per the deal Spanish private firm has set up W22 Magnet IE4 electric motors at the Manresa facilities in refrigeration system. In the same manner, Nord Drivesystems in December 2017 rolled out IE4, AC synchronous motors for applications in food & beverage sectors. Via this decision Nord branched out its portfolio of PM synchronous motor. ....

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