Latest Allied Motion Technologies (AMOT) Headlines
Allied Motion Reports Results For the Quarter and Year Ended December 31, 2013
Business Wire - Wed Mar 12, 7:07PM CDT
Allied Motion Technologies Inc. (NASDAQ:AMOT) today announced the results for the quarter ended December 31, 2013 including the results of Globe Motors which was acquired on October 18, 2013. Excluding non-recurring items, the Company achieved adjusted net income for the fourth quarter of 2013 of $1,802,000 ($.20 per diluted share) compared to $1,117,000 ($.13 per diluted share) for the same period last year. Including the one-time items, net income for the quarter ended December 31, 2013 was $1,341,000 or $.15 per diluted share compared to net income of $1,101,000 or $.13 per diluted share in the same quarter of 2012. Revenues for the quarter increased 109.1% to $50,131,000 compared to $23,969,000 last year with foreign sales up 70.3% and sales in the U.S. up 141.3%. Cash at December 31, 2013 increased to $10,171,000 compared to $9,728,000 at December 31, 2012. The results for the quarter include $678,000 ($461,000 net of tax) for new business development expenses for the Globe Motors acquisition.
Global Electric Motors Market Forecasts & Trends 2013-2019: AC Motors, DC Motors, Hermetic Motors
M2 - Mon Mar 10, 7:35AM CDT
Research and Markets (http://www.researchandmarkets.com/research/mbtl3l/electric_motors) has announced the addition of the "Electric Motors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering. The report provides current market size and forecast for different types of electric motors and its application segments. Value chain of electric motors market helps to understand the role of each player involved in the industry. Porter's Five Forces and competitive landscape gives an overview of industry competition and identifies entry barriers for stakeholders looking to enter this market. The company profiles section included in the report gives an idea about key players in the global electric motors market and their growth strategies. Increase in revenue is motivating market participants to invest in the electric motors market. Countries across the world are realizing the electricity saving opportunities offered by energy efficient electric motors, prompting them to implement stringent regulations and policies to deploy energy efficient electric motors. Thus, the demand for electric motors is rapidly shifting from standard efficiency electric motors to high and premium efficiency motors. This shift in trend is directly contributing to revenue growth of electric motors manufacturers. The study highlights current trends and dynamics affecting the growth of this market. In addition, it also provides detailed information about current effective efficiency standards in each major market and their impact on electric motors market development. The electric motors market is segmented as below: Output Power - Fractional horsepower (FHP) motors - Integral horsepower (IHP) motors Type - AC motors - DC motors - Hermetic motors Application - Motor Vehicles - HVAC equipments - Industrial machinery - Household appliances - Aerospace and other transportation equipments - Commercial and other industry Key Topics Covered: Key Topics Covered: 1 Preface 2 Executive Summary 3 Global Electric Motor Market Overview 4 Global Electric Motor Market, by Output power 2011 - 2019 5 Global Electric Motor Market, by Type 2011 - 2019 6 Global Electric Motor Market, by Applications 2011 - 2019 7 Global Electric Motor Market, by Geography 2011 - 2019 8 Company Profiles - ARC Systems, Inc. - Allied Motion Technologies Inc. - Ametek, Inc. - Asmo Co., Ltd. - Baldor Electric Company, Inc. - Brook Crompton UK Ltd - Danaher Motion LLC - Franklin Electric Co., Inc. - Johnson Electric Holdings Ltd. - Regal Beloit Corp. - Rockwell Automation Inc. - Siemens AG For more information visit http://www.researchandmarkets.com/research/mb...ric_motors
Allied Motion Declares Quarterly Cash Dividend
Business Wire - Wed Feb 19, 8:00AM CST
Allied Motion Technologies Inc. (NASDAQ:AMOT) today announced that the Board of Directors declared a quarterly cash dividend payment of $.025 per share payable on March 14, 2014 to shareholders of record on March 3, 2014.
Research and Markets: Just What the Doctor Ordered - Research Report
Business Wire - Wed Feb 19, 3:30AM CST
Research and Markets (http://www.researchandmarkets.com/research/vtjpqz/just_what_the) has announced the addition of the "Just What the Doctor Ordered" report to their offering.
Nasdaq stocks posting largest percentage decreases
AP - Wed Feb 05, 5:09PM CST
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at the close of trading:
Sterling Construction Company, Inc. Provides Update on 2013 Fourth Quarter
Business Wire - Tue Feb 04, 5:30AM CST
--Expect Substantial Improvement in 2014 Results
Q4 2013 Allied Motion Technologies Inc. Earnings Conference Call
GlobeNewswire - Mon Feb 03, 11:50AM CST
Allied Motion Technologies Inc. (Nasdaq:AMOT) today announced that a conference call is scheduled for Thursday, March 13, 2014 at 10:00am Eastern Time to discuss the financial results for the quarter and year ended December 31, 2013. The call will include a presentation by Richard Warzala, President and CEO and Robert Maida, CFO followed by a question and answer period.
Allied Motion Updates Summary Pro Forma Information From the Globe Motors, Inc. Acquisition
Business Wire - Fri Jan 03, 4:06PM CST
Allied Motion Technologies Inc. (NASDAQ: AMOT) On October 18, 2013, Allied Motion completed the acquisition of Globe Motors and filed a Form 8-K announcing the acquisition within four business days of the completion of the acquisition, as required by the SEC. On November 12, 2013 Allied Motion issued a Press Release to disclose unaudited pro forma financial information with respect to Allied Motion's acquisition of Globe Motors, Inc. from Safran USA, Inc. The pro forma financial information was released at that time to provide the readers with an overview of the past performance of the combined entity for the year ended December 31, 2012 and the nine months ended September 30, 2013. Also within the Press Release, the readers were reminded that the unaudited pro forma financial information reported at that time was preliminary and subject to change pending the completion of the audits by Allied Motion's outside audit firm of the Globe Motors results for both periods, as required by SEC regulations.
Allied Motion Reports Summary Pro Forma Information from the Globe Motors, Inc. Acquisition
Business Wire - Tue Nov 12, 6:59PM CST
Allied Motion Technologies Inc. (NASDAQ: AMOT) In connection with the closing of Allied Motion's acquisition of Globe Motors, Inc. from Safran USA, Inc., Allied Motion announced that it would disclose unaudited pro forma financial information with respect to the acquisition. Set forth below are certain pro forma financial metrics that assume that the acquisition of Globe Motors took place on the dates indicated. Allied Motion will provide certain audited financial statements for Globe Motors on or before January 3, 2014 in an Amendment to its Form 8-K reporting the completion of the acquisition of Globe Motors. Such Form 8-K Amendment will also contain pro forma consolidated financial statements. If as a result of the audit the historical financial statements of Globe Motors the financial information used to prepare the pro forma metrics set forth below changes, the pro forma financial statements contained in the Amendment to the Form 8-K may differ from the information disclosed below. The pro forma information may not be indicative of the results that actually would have occurred if the acquisition had occurred on the dates indicated or which may be obtained in the future. The transaction will be accounted for using the acquisition method of accounting which requires, among other things, the assets acquired and liabilities assumed to be recognized at their fair values as of the acquisition date. The allocation of the purchase price in preparing the unaudited pro forma information is preliminary and is subject to change. The Globe assets and liabilities have been measured at their estimated fair values at the date of acquisition. Differences between these estimates of fair value and the final acquisition accounting may occur, and those differences could also have an impact on the unaudited pro forma financial information presented below.
Allied Motion Reports Results for the Third Quarter Ended September 30, 2013
Business Wire - Tue Nov 12, 6:49PM CST
Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced the results for the quarter ended September 30, 2013. Excluding non-recurring items, the Company achieved adjusted net income for the third quarter of 2013 of $1,239,000 ($.14 per diluted share) compared to $1,321,000 ($.15 per diluted share) for the same period last year. Including the one-time items, net income for the quarter ended September 30, 2013 was $833,000 or $.09 per diluted share compared to net income of $1,321,000 or $.15 per diluted share in the same quarter of 2012. Revenues for the quarter increased 2.3% to $24,876,000 compared to $24,316,000 last year with foreign sales up 13.0% and sales in the U.S. down 5.4%. Cash at September 30, 2013 increased to $11,654,000 compared to $9,728,000 at December 31, 2012. The results for the quarter include $596,000 ($406,000 net of tax) for new business development expenses for the Globe Motors acquisition that was completed October 18, 2013.
Allied Motion announces quarterly dividend of USD0.025 per share
M2 - Tue Nov 12, 4:34AM CST
The board of directors of Allied Motion Technologies Inc (NASDAQ:AMOT) , a provider of precision and specialty motion control products, approved a quarterly cash dividend of USD0.025 per share, the company revealed on Monday.
Allied Motion Technologies Inc. Completes Globe Motors, Inc. Acquisition
Business Wire - Mon Oct 21, 1:41PM CDT
Allied Motion Technologies Inc. (NASDAQ: AMOT) announced today that, effective Friday, October 18, 2013, it completed the acquisition of Globe Motors, Inc. from Safran USA, Inc., on a cash free, debt free basis, for approximately $90 million in cash.
Nasdaq stocks posting largest volume decreases
AP - Tue Sep 17, 5:04PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
Allied Motion signs definitive acquisition agreement for Globe Motors Inc from Safran USA Inc for about USD90m
M2 - Fri Aug 23, 5:20AM CDT
Allied Motion Technologies Inc (NASDAQ:AMOT), a supplier of diverse precision and specialty motion control components and systems, signed a definitive acquisition agreement for all of the outstanding shares of Globe Motors Inc from Safran USA Inc, on a cash free, debt free basis for about USD90m in cash, it revealed on Thursday.
Allied Motion Reports Results For the Quarter and Year Ended December 31, 2013
Business Wire - Wed Mar 12, 7:07PM CDT
Allied Motion Technologies Inc. (NASDAQ:AMOT) today announced the results for the quarter ended December 31, 2013 including the results of Globe Motors which was acquired on October 18, 2013. Excluding non-recurring items, the Company achieved adjusted net income for the fourth quarter of 2013 of $1,802,000 ($.20 per diluted share) compared to $1,117,000 ($.13 per diluted share) for the same period last year. Including the one-time items, net income for the quarter ended December 31, 2013 was $1,341,000 or $.15 per diluted share compared to net income of $1,101,000 or $.13 per diluted share in the same quarter of 2012. Revenues for the quarter increased 109.1% to $50,131,000 compared to $23,969,000 last year with foreign sales up 70.3% and sales in the U.S. up 141.3%. Cash at December 31, 2013 increased to $10,171,000 compared to $9,728,000 at December 31, 2012. The results for the quarter include $678,000 ($461,000 net of tax) for new business development expenses for the Globe Motors acquisition.
Global Electric Motors Market Forecasts & Trends 2013-2019: AC Motors, DC Motors, Hermetic Motors
M2 - Mon Mar 10, 7:35AM CDT
Research and Markets (http://www.researchandmarkets.com/research/mbtl3l/electric_motors) has announced the addition of the "Electric Motors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering. The report provides current market size and forecast for different types of electric motors and its application segments. Value chain of electric motors market helps to understand the role of each player involved in the industry. Porter's Five Forces and competitive landscape gives an overview of industry competition and identifies entry barriers for stakeholders looking to enter this market. The company profiles section included in the report gives an idea about key players in the global electric motors market and their growth strategies. Increase in revenue is motivating market participants to invest in the electric motors market. Countries across the world are realizing the electricity saving opportunities offered by energy efficient electric motors, prompting them to implement stringent regulations and policies to deploy energy efficient electric motors. Thus, the demand for electric motors is rapidly shifting from standard efficiency electric motors to high and premium efficiency motors. This shift in trend is directly contributing to revenue growth of electric motors manufacturers. The study highlights current trends and dynamics affecting the growth of this market. In addition, it also provides detailed information about current effective efficiency standards in each major market and their impact on electric motors market development. The electric motors market is segmented as below: Output Power - Fractional horsepower (FHP) motors - Integral horsepower (IHP) motors Type - AC motors - DC motors - Hermetic motors Application - Motor Vehicles - HVAC equipments - Industrial machinery - Household appliances - Aerospace and other transportation equipments - Commercial and other industry Key Topics Covered: Key Topics Covered: 1 Preface 2 Executive Summary 3 Global Electric Motor Market Overview 4 Global Electric Motor Market, by Output power 2011 - 2019 5 Global Electric Motor Market, by Type 2011 - 2019 6 Global Electric Motor Market, by Applications 2011 - 2019 7 Global Electric Motor Market, by Geography 2011 - 2019 8 Company Profiles - ARC Systems, Inc. - Allied Motion Technologies Inc. - Ametek, Inc. - Asmo Co., Ltd. - Baldor Electric Company, Inc. - Brook Crompton UK Ltd - Danaher Motion LLC - Franklin Electric Co., Inc. - Johnson Electric Holdings Ltd. - Regal Beloit Corp. - Rockwell Automation Inc. - Siemens AG For more information visit http://www.researchandmarkets.com/research/mb...ric_motors
Allied Motion Declares Quarterly Cash Dividend
Business Wire - Wed Feb 19, 8:00AM CST
Allied Motion Technologies Inc. (NASDAQ:AMOT) today announced that the Board of Directors declared a quarterly cash dividend payment of $.025 per share payable on March 14, 2014 to shareholders of record on March 3, 2014.
Research and Markets: Just What the Doctor Ordered - Research Report
Business Wire - Wed Feb 19, 3:30AM CST
Research and Markets (http://www.researchandmarkets.com/research/vtjpqz/just_what_the) has announced the addition of the "Just What the Doctor Ordered" report to their offering.
Nasdaq stocks posting largest percentage decreases
AP - Wed Feb 05, 5:09PM CST
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at the close of trading:
Sterling Construction Company, Inc. Provides Update on 2013 Fourth Quarter
Business Wire - Tue Feb 04, 5:30AM CST
--Expect Substantial Improvement in 2014 Results
Q4 2013 Allied Motion Technologies Inc. Earnings Conference Call
GlobeNewswire - Mon Feb 03, 11:50AM CST
Allied Motion Technologies Inc. (Nasdaq:AMOT) today announced that a conference call is scheduled for Thursday, March 13, 2014 at 10:00am Eastern Time to discuss the financial results for the quarter and year ended December 31, 2013. The call will include a presentation by Richard Warzala, President and CEO and Robert Maida, CFO followed by a question and answer period.
Allied Motion Updates Summary Pro Forma Information From the Globe Motors, Inc. Acquisition
Business Wire - Fri Jan 03, 4:06PM CST
Allied Motion Technologies Inc. (NASDAQ: AMOT) On October 18, 2013, Allied Motion completed the acquisition of Globe Motors and filed a Form 8-K announcing the acquisition within four business days of the completion of the acquisition, as required by the SEC. On November 12, 2013 Allied Motion issued a Press Release to disclose unaudited pro forma financial information with respect to Allied Motion's acquisition of Globe Motors, Inc. from Safran USA, Inc. The pro forma financial information was released at that time to provide the readers with an overview of the past performance of the combined entity for the year ended December 31, 2012 and the nine months ended September 30, 2013. Also within the Press Release, the readers were reminded that the unaudited pro forma financial information reported at that time was preliminary and subject to change pending the completion of the audits by Allied Motion's outside audit firm of the Globe Motors results for both periods, as required by SEC regulations.
Allied Motion Reports Summary Pro Forma Information from the Globe Motors, Inc. Acquisition
Business Wire - Tue Nov 12, 6:59PM CST
Allied Motion Technologies Inc. (NASDAQ: AMOT) In connection with the closing of Allied Motion's acquisition of Globe Motors, Inc. from Safran USA, Inc., Allied Motion announced that it would disclose unaudited pro forma financial information with respect to the acquisition. Set forth below are certain pro forma financial metrics that assume that the acquisition of Globe Motors took place on the dates indicated. Allied Motion will provide certain audited financial statements for Globe Motors on or before January 3, 2014 in an Amendment to its Form 8-K reporting the completion of the acquisition of Globe Motors. Such Form 8-K Amendment will also contain pro forma consolidated financial statements. If as a result of the audit the historical financial statements of Globe Motors the financial information used to prepare the pro forma metrics set forth below changes, the pro forma financial statements contained in the Amendment to the Form 8-K may differ from the information disclosed below. The pro forma information may not be indicative of the results that actually would have occurred if the acquisition had occurred on the dates indicated or which may be obtained in the future. The transaction will be accounted for using the acquisition method of accounting which requires, among other things, the assets acquired and liabilities assumed to be recognized at their fair values as of the acquisition date. The allocation of the purchase price in preparing the unaudited pro forma information is preliminary and is subject to change. The Globe assets and liabilities have been measured at their estimated fair values at the date of acquisition. Differences between these estimates of fair value and the final acquisition accounting may occur, and those differences could also have an impact on the unaudited pro forma financial information presented below.
Allied Motion Reports Results for the Third Quarter Ended September 30, 2013
Business Wire - Tue Nov 12, 6:49PM CST
Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced the results for the quarter ended September 30, 2013. Excluding non-recurring items, the Company achieved adjusted net income for the third quarter of 2013 of $1,239,000 ($.14 per diluted share) compared to $1,321,000 ($.15 per diluted share) for the same period last year. Including the one-time items, net income for the quarter ended September 30, 2013 was $833,000 or $.09 per diluted share compared to net income of $1,321,000 or $.15 per diluted share in the same quarter of 2012. Revenues for the quarter increased 2.3% to $24,876,000 compared to $24,316,000 last year with foreign sales up 13.0% and sales in the U.S. down 5.4%. Cash at September 30, 2013 increased to $11,654,000 compared to $9,728,000 at December 31, 2012. The results for the quarter include $596,000 ($406,000 net of tax) for new business development expenses for the Globe Motors acquisition that was completed October 18, 2013.
Allied Motion announces quarterly dividend of USD0.025 per share
M2 - Tue Nov 12, 4:34AM CST
The board of directors of Allied Motion Technologies Inc (NASDAQ:AMOT) , a provider of precision and specialty motion control products, approved a quarterly cash dividend of USD0.025 per share, the company revealed on Monday.
Allied Motion Technologies Inc. Completes Globe Motors, Inc. Acquisition
Business Wire - Mon Oct 21, 1:41PM CDT
Allied Motion Technologies Inc. (NASDAQ: AMOT) announced today that, effective Friday, October 18, 2013, it completed the acquisition of Globe Motors, Inc. from Safran USA, Inc., on a cash free, debt free basis, for approximately $90 million in cash.
Nasdaq stocks posting largest volume decreases
AP - Tue Sep 17, 5:04PM CDT
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
Allied Motion signs definitive acquisition agreement for Globe Motors Inc from Safran USA Inc for about USD90m
M2 - Fri Aug 23, 5:20AM CDT
Allied Motion Technologies Inc (NASDAQ:AMOT), a supplier of diverse precision and specialty motion control components and systems, signed a definitive acquisition agreement for all of the outstanding shares of Globe Motors Inc from Safran USA Inc, on a cash free, debt free basis for about USD90m in cash, it revealed on Thursday.
