Posted August 6, 2020
Allied Motion's sales down 6 percent
Allied Motion Technologies reported revenue of $86.7 million for the second quarter was down 6 percent.
The results reflected lower sales to all markets except medical, which nearly doubled year-over-year, and included the contribution from the Dynamic Controls acquisition in March.
Net income was $2.9 million, or 30 cents per diluted share, compared with $4.4 million, or 47 cents, in the same period last year.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
