Allied Motion Sales Down 8% in 2012

Profit decreased 22.5 percent to $5.4 million.

Allied Motion Technologies Inc. (NASDAQ: AMOT), Denver, CO, reported 2012 sales of $102 million, an 8 percent decline from 2011. Profit decreased 22.5 percent to $5.4 million.

Sales for the fourth quarter were $24 million, a 14.5 percent decrease from the same period a year earlier. Profit fell 59.5 percent to $1.1 million.

"Most of our operating units and served markets experienced decreased levels of business in 2012. During 2013, we will continue to closely monitor our served markets as we expect them to begin firming up and stabilizing as we move through the year," said Dick Warzala, president and CEO.

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