Allied Motion Technologies Inc. (NASDAQ: AMOT), Denver, CO, reported sales of $28.8 million for the second quarter 2011, with profit of $1.5 million. Sales were up 44 percent thanks to incremental revenues from companies acquired in 2010. Organic growth was 15 percent.
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Bookings for the quarter ended June 30, 2011, were $25.6 million down slightly from the same quarter last year. Backlog at June 30, 2011, was $35.6 million.
During the six months, the company reported profit of $2.69 million. Revenues for the first six months were $55.6 million, up 49 percent. Incremental revenues achieved by companies acquired in 2010 contributed 31 percent of the increase. Bookings for the first six months this year were $51,975,000 compared to $53,919,000 for the same six months last year.
Allied Motion designs, manufactures and sells motion control products.
