Scott Technology first-half profit rises 40% as acquisitions drive revenue growth

Tue, 14 Apr 2015

By Jonathan Underhill April 14 (BusinessDesk) - Scott Technology, the industrial automation firm, posted a 40 percent gain in first-half profit as sales from recent acquisitions helped drive revenue growth. Profit rose to $1.1 million in the six months ended Feb. 28, from $800,000 a year earlier, the Dunedin-based company said in a statement. Sales rose 16 percent to $29.3 million. The first-half results include a full six-month contribution from RobotWorx, the Ohio-based industrial robot integrator it acquired in 2014 for an initial U...

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