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Allied Motion Sales Up 23% in 2013

Allied Motion Technologies Inc. (NASDAQ: AMOT), Amherst, NY, reported 2013 sales of $126 million, a 23 percent increase from 2012. Profit remained at $5.4 million.

"In 2014, revenues are expected to more than double relative to Allied’s 2013 pre-acquisition revenues," CEO Dick Warzala said.

Sales for the fourth quarter were $50 million, compared with sales of $24 million a year ago. Profit increased 61 percent to $1.8 million. 

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