BUFFALO, N.Y. --(BUSINESS WIRE)--Dec. 11, 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, today announced the launch of its
Third quarter performance: Revenue was $125.2 million with a gross margin of 31.4% and net income of $2.1 million Improved margins sequentially: Gross margin up 150 basis points to 31.4%, operating margin up 170 basis points to 5.3%, and adjusted EBITDA margin rose 130 basis points to 11.5% Strong
BUFFALO, N.Y. --(BUSINESS WIRE)--Nov. 6, 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)--Oct. 28, 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
Adjustments Include Less Restrictive Covenants, Expanded EBITDA Add-Backs, and Interest Rate Hedging to Support Strategic Initiatives BUFFALO, N.Y. --(BUSINESS WIRE)--Oct. 25, 2024-- Allient Inc. (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and
Second quarter revenue was $136.0 million with a gross margin of 29.9% and net income of $1.2 million Orders of $137.4 million resulted in a book-to-bill ratio of 1.0x and a backlog of $259.0 million Generated $17.4 million of cash from operations year-to-date Simplify to Accelerate NOW efforts
BUFFALO, N.Y. --(BUSINESS WIRE)--Aug. 7, 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)--Jul. 29, 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
Seasoned financial leader brings over 25 years of experience with multinational public and private companies BUFFALO, N.Y. --(BUSINESS WIRE)--May 22, 2024-- Allient Inc. (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls, and
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
