American Electric release first-quarter sales results
American Electric Technologies Inc., a supplier of custom-designed power distribution and control solutions, announced $17 million in net sales for the first quarter of 2008. This was a $4.7 million increase, compared with the $12.3 million reported during the first quarter of 2007. The increase included $1.9 million in sales from the American Access Technologies division acquired in May 2007. Net income for the first quarter of 2008 was $200,000.