First quarter gross margin expanded 80 basis points to 32.3% Operating income increased 6% to $12.1 million with a margin of 8.2%, which was up 40 basis points Net income per diluted share increased 8% to $0.42 ; Adjusted net income per share was $0.58 , up 5% Generated $9.2 million of cash from
BUFFALO, N.Y. --(BUSINESS WIRE)--May 8, 2024-- Allient Inc. (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced that its Board of Directors
BUFFALO, N.Y. --(BUSINESS WIRE)--Apr. 25, 2024-- Allient Inc. (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced today that it will release
BUFFALO, N.Y. --(BUSINESS WIRE)--Mar. 5, 2024-- Allient Inc. (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced that its Board of Directors
BUFFALO, N.Y. --(BUSINESS WIRE)--Feb. 27, 2024-- Allient Inc. (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, announced today that it will release
Expands capabilities and capacity in Allient’s Allied Power Technology Pillar BUFFALO, N.Y. --(BUSINESS WIRE)--Jan. 11, 2024-- Allient Inc. (formerly known as Allied Motion Technologies Inc. ) (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and
BUFFALO, N.Y. --(BUSINESS WIRE)--Dec. 14, 2023-- Allient Inc. (formerly known as Allied Motion Technologies Inc. ) (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and
BUFFALO, N.Y. --(BUSINESS WIRE)--Nov. 20, 2023-- Allient Inc. (formerly known as Allied Motion Technologies Inc. ) (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and
Revenue grew 8% to $145.3 million ; Organic growth of 7% on a constant currency basis Gross margin expanded 50 basis points to a record 32.7%, largely due to favorable end market mix Net income increased 1% to $6.7 million or $0.41 per diluted share; Adjusted net income was $0.61 per share, up 3%