BUFFALO, N.Y. --(BUSINESS WIRE)--Sep. 25, 2023-- Allient Inc. (formerly known as Allied Motion Technologies Inc. ) (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and
• Launched new corporate website at www.allient.com to align with name change • To celebrate the progress of the business, its new name and ticker, the Company will ring the closing bell at the Nasdaq on August 23, 2023 BUFFALO, N.Y., August 23, 2023 -- Allient Inc.
Newly refined strategy expected to drive over $1 billion in revenue with expanded margins BUFFALO, N.Y., August 23, 2023 -- Allient Inc. (formerly known as Allied Motion Technologies Inc.) (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty
New name symbolizes the evolution of the business and success of its strategy to transform from a products-based business in motion control to a solutions-oriented company that addresses its customers’ requirements for Motion, Controls and Power technology for a multitude of applications.
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 , up 210 basis points Net income up 48% to $6.8 million or $0.42 per diluted share Adjusted net income up
AMHERST, N.Y. --(BUSINESS WIRE)--Aug. 2, 2023-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a
AMHERST, N.Y. --(BUSINESS WIRE)--Jul. 19, 2023-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that it will release its second
AMHERST, N.Y. --(BUSINESS WIRE)--Jun. 30, 2023-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that Robert P.
Revenue grew 27% to a record $145.5 million , driven by strong demand in Industrial and Aerospace & Defense markets; Organic growth was 25% on a constant currency basis Gross margin expanded 230 basis points to 31.5% on higher volume and accretive acquisitions Operating income grew 167% to $11.4
AMHERST, N.Y. --(BUSINESS WIRE)--May 3, 2023-- Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced that its Board of Directors approved a
