Allied Motion: Allient Reports Second Quarter 2024 Results and Annualized Savings from Simplify to Accelerate NOW Actions

(marketscreener.com) Second quarter revenue was $136.0 million with a gross margin of 29.9% and net income of $1.2 million Orders of $137.4 million resulted in a book-to-bill ratio of 1.0x and a backlog of $259.0 million Generated $17.4 million of cash from operations year-to-date Simplify to Accelerate NOW efforts identified $5 million in annualized cost...https://www.marketscreener.com/quote/stock/ALLIENT-INC-8353/news/Allient-Reports-Second-Quarter-2024-Results-and-Annualized-Savings-from-Simplify-to-Accelerate-NOW-A-47587557/?utm_medium=RSS&utm_content=20240807