The 2020 Mid-Year Economic Update_long

Allied Motion Sales Up 145% in 2Q

Profit increased more than 200 percent to $2.7 million.

Motion control manufacturer Allied Motion Technologies Inc. (NASDAQ: AMOT), Amherst, NY, reported sales for the second quarter of $62 million, a 145 percent increase over the same period a year ago. Profit increased 229 percent to $2.7 million. 

Much of the results were attributed to the 2013 acquisition of Globe Motors.

For the first six months, sales were $122.5 million, up 143 percent over the same period one year ago. Profit increased 172 percent to $4.8 million.

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