After expanding overseas and via acquisition Allegro MicroSystems (ALGM), a maker of sensor integrated circuits (ICs) for motion control and energy-efficient systems, says its equipment is lasting longer than previously expected.

Attributing the increases, in part, to what it calls “continuous maintenance”, Allegro now says a significant portion of its machinery and equipment will last 42.8% longer than it had previously thought.

The change slashed Allegro’s operating loss in the quarter 29.3% to $10.6 million.

In increasing its useful life estimate from seven to ten years, Allegro reduced its depreciation expense more than $4.4 million and increased net income more than $8 million in the latest quarter.