Company’s fourth-quarter sales down 17.9 percent.
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Latest In Allied Motion
Acquisition enhances Allied Motion's growth strategy and expands geographic reach.
Rob Maida appointed to new position and Mike Leach will succeed him as CFO.
Profit increases 38.5 percent to $3 million during quarter.
Company reports record results for fourth quarter and full-year.
Profit up 394 percent to $4.1 million for quarter; increases due to Globe Motors acquisition.
Increased sales attributed to acquisition of Globe Motors.
CEO: We believe our markets have stabilized.”
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Acquisition expands Allied Motion’s global reach and complements existing product offerings.
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U.S. sales declined 11.6 percent.
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Sales in the U.S. declined 11.6 percent.
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Profit decreased 22.5 percent to $5.4 million.
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