Scott Technology lifts annual profit 26% as automation, robotics drive sales

Thu, 12 Oct 2017

By Paul McBeth Oct. 12 (BusinessDesk) - Scott Technology boosted annual profit 26 percent as the growing demand for productivity gains through automation and robotics stoked demand for the manufacturer's industrial systems. Net profit rose to $10.3 million in the 12 months ended Aug. 31 from $8.1 million a year earlier, the Dunedin-based company said in a statement. Revenue rose 18 percent to $132.6 million as Scott Technology benefited from the full annual contribution from its German facility. "In many markets there is a shortage o...

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