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.