Acquisitions boost Scott Tech operating earnings

Thu, 25 Oct 2018

By Gavin Evans Oct. 25 (BusinessDesk) - Scott Technology reported a 12 percent jump in annual operating earnings after completing acquisitions in the US and Europe earlier this year. Earnings before interest, tax, depreciation and amortisation climbed to $19.3 million in the year ended Aug. 31, up from $17.3 million a year earlier. Revenue jumped 37 percent to $181.8 million, with about two-thirds of the increase due to the firm’s purchase of the Belgian industrial automation specialist Alvey Group in April and North Carolina-based aut...

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