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Allied Motion Technologies Inc. (NASDAQ: AMOT), Denver, CO, reported first-quarter sales of $25.1 million, a decline of 6.3 percent compared to the same period a year earlier. Profit fell 17.1 percent to $960,000.
Sales in Europe were flat, and sales in the U.S. decreased 11.6 percent.
“During the quarter, our served markets of medical, vehicle and electronics were down, while the industrial and aerospace and defense markets were up,” Dick Warzala, president and CEO, said. “On the positive side, the quarter to quarter downward sales trend we experienced throughout 2012 was reversed in the first quarter of this year.”
Allied Motion manufactures precision and specialty motion control components and systems for a broad spectrum of customers throughout the world.