The 2020 Mid-Year Economic Update_long

Allied Motion Sales up 33.3% in 2Q

Profit increased to $4.2 million.

Motion control manufacturer Allied Motion Technologies Inc. (NASDAQ: AMOT), Amherst, NY, reported sales for the second quarter of $80 million, an increase of 33.3 percent over the same period a year ago. Profit increased 90.9 percent to $4.2 million. 

For the first six months, sales were $156.6 million, up 28.7 percent over the same period one year ago. Profit increased 72.5 percent to $8.4 million.

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