Allied Motion reports Q1 adjusted EPS 55c, consensus 46c

Reports Q1 revenue $145.5M, consensus $135.32M. "We delivered record sales in the quarter as our global team continued to execute our strategy and drive strong organic growth. This level of performance speaks to the ability of our entire team to execute at a very high level, and to our market diversification, particularly within industries that demand precision controlled motion solutions," commented Dick Warzala, Chairman and CEO. "These results translated into margin expansion and operating leverage, despite ongoing macro challenges, and a measurably strengthened bottom line with solid cash generation, which helped offset what is typically a higher cash consumption quarter."