Latest news with #AllientInc
Yahoo
08-05-2025
- Business
- Yahoo
Allient: Q1 Earnings Snapshot
AMHERST, N.Y. (AP) — AMHERST, N.Y. (AP) — Allient Inc. (ALNT) on Wednesday reported first-quarter profit of $3.6 million. On a per-share basis, the Amherst, New York-based company said it had profit of 21 cents. Earnings, adjusted for amortization costs and restructuring costs, came to 46 cents per share. The motion control product maker posted revenue of $132.8 million in the period. Allient shares have dropped nearly 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $22.12, a fall of 30% in the last 12 months. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ALNT at
Business Wire
07-05-2025
- Business
- Business Wire
Allient Reports First Quarter 2025 Results, Highlights Strong Sequential Growth in Sales, Margins, and Earnings
BUFFALO, N.Y.--(BUSINESS WIRE)-- 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 reported financial results for its first quarter ended March 31, 2025. Dick Warzala, Chairman and CEO, commented, 'Our first quarter results demonstrate the strength of our diversified business model and the effectiveness of our strategic initiatives. We achieved solid sequential growth in sales and profitability overall as we continue to more closely align our business with our customers and focus on taking the necessary actions to ensure we achieve our long-term strategic goals and objectives. Our 'Simplify to Accelerate NOW' actions are aligned with our strategy and are delivering meaningful improvements to our operational performance and positioning us for long-term success. 'We are closely monitoring the evolving trade environment, including recent tariff developments. Additionally, our team is focused on mitigating the impact of the emerging and changing rare earth mineral trade constraints which is introducing new complexities for manufacturers. While these factors present challenges, we remain committed to agility and resilience in our operations. Our focus on innovation, efficiency, and customer value continues to guide us as we adapt to the changing landscape and strive to deliver sustained value to our stakeholders.' First Quarter 2025 Results (Narrative compares with prior-year period unless otherwise noted) Revenue decreased 9%, or $13.9 million, to $132.8 million, primarily due to anticipated demand softness in Industrial and Vehicle markets, partially offset by strength in Industrial market applications where our power quality solutions are needed, as well as in Aerospace & Defense. Sequentially, revenue increased $10.8 million, or 9%, over the fourth quarter of 2024. The impact of foreign currency exchange rate fluctuations was unfavorable by $1.8 million. Sales to U.S. customers were 52% of total sales compared with 58% in the first quarter last year, with the balance of sales to customers primarily in Europe, Canada and Asia-Pacific. See the attached table for a description of non-GAAP financial measures and reconciliation of revenue excluding foreign currency exchange rate fluctuations. Market Performance: Aerospace & Defense revenue increased 25%, primarily driven by the timing of key defense and space program deliveries. Medical market revenue remained flat, as solid demand for surgical instruments and improved sales in medical mobility solutions were offset by softness in pump-related products. Vehicle market sales declined 34%, largely attributable to reduced demand for powersports. Industrial market revenue decreased 10%. Strength in power quality sales, particularly to the HVAC/data center market, was more than offset by lower demand in industrial automation due to inventory destocking by the Company's largest customer. Distribution channel sales, while representing a smaller portion of total revenue, rose 21%, reflecting broader demand for the Company's diversified product offerings. Gross margin for the first quarter was 32.2%, a slight decrease of 10 basis points compared with the same period last year, despite lower year-over-year volume. On a sequential basis, gross margin improved by 70 basis points, reflecting the positive impact of higher volume and a favorable product mix. Operating costs and expenses totaled 25.6% of revenue, an increase of 160 basis points year-over-year. The increase is predominately due to higher restructuring and business realignment costs contributing to 110 basis points of the increase; and to a lesser extent the impacts of reduced operating leverage on lower sales volume. Sequentially, operating costs and expenses improved by 60 basis points, benefiting from improved operating leverage and the impact of the Company's Simplify to Accelerate NOW initiative. These gains were partially offset by an increase in restructuring and business realignment costs. Operating income was $8.8 million, or 6.6% of revenue, compared with $12.1 million, or 8.2% of revenue in the prior-year period. Sequentially, operating income increased 36% and operating margin expanded by 130 basis points. The effective income tax rate was 20.2% and 21.8% for the first quarter of 2025 and 2024, respectively. The Company expects its income tax rate for the full year 2025 to be approximately 21% to 23%. Net income was $3.6 million, or $0.21 per diluted share, compared with $6.9 million, or $0.42 per diluted share, in the prior-year period. Sequentially, net income improved from $3.0 million, or $0.18 per diluted share. Adjusted net income, which excludes amortization of intangible assets related to acquisitions, acquisition and integration-related costs, restructuring and business realignment costs, and other non-recurring items, was $7.6 million, or $0.46 per diluted share. This compared with $9.5 million, or $0.59 per diluted share, in the first quarter of 2024 and $5.2 million, or $0.31 per diluted share, in the fourth quarter of 2024. See the attached tables for a description of non-GAAP financial measures and reconciliation table for Adjusted Net Income and Diluted Earnings per Share. Earnings before interest, taxes, depreciation, amortization, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, and foreign currency gains/losses ('Adjusted EBITDA') was $17.5 million, or 13.2% of revenue, compared with $20.0 million, or 13.7% of revenue. Sequentially, Adjusted EBITDA as a percentage of revenue was up 160 basis points. The Company believes that, when used in conjunction with measures prepared in accordance with U.S. generally accepted accounting principles, Adjusted EBITDA, which is a non-GAAP measure, helps in the understanding of its operating performance. See the attached table for a description of non-GAAP financial measures and reconciliation table for Adjusted EBITDA. Balance Sheet and Cash Flow Review Cash and cash equivalents increased 32% to $47.8 million compared with $36.1 million at year-end 2024. Cash provided by operating activities increased to $13.9 million compared with $9.2 million in the prior year's first quarter, which reflected improved working capital. Capital expenditures were $1.1 million for the quarter and largely focused on new customer projects. This compared with $3.0 million of capital expenditures in the prior-year period. The Company expects 2025 capital expenditures to range between $10 million to $12 million. Total debt of $222.2 million was down $2.0 million from year-end 2024. Debt, net of cash, was reduced by $13.6 million during the quarter to $174.4 million, or 39.0% of net debt to capitalization. The Company's leverage ratio, calculated as total net debt divided by trailing twelve months of Adjusted EBITDA, improved to 2.91x, down from 3.01x at December 31, 2024. The bank leverage ratio, as defined in the Company's credit agreement, which amongst other items excludes foreign cash, was 3.56x at quarter-end, remaining in compliance with all covenants. See the attached table for a description of non-GAAP financial measures and reconciliation table for Total Net Debt and Leverage Ratio. Orders and Backlog Summary ($ in thousands) First quarter orders increased 17% sequentially, driven by strong demand in the Industrial market applications where our power quality solutions are needed, as well as in Aerospace & Defense. On a year-over-year basis, orders rose 13%, supported by similar end-market momentum. Foreign currency translation negatively impacted orders by $1.7 million compared with the prior-year period. Backlog grew 3% sequentially, reflecting the improved order rate. However, backlog was down year-over-year as customers adjust their ordering patterns to manage elevated inventory levels, and reflected adverse foreign currency exchange rate impacts. The majority of the backlog is expected to convert to revenue within three to nine months, consistent with the Company's historical conversion patterns. Conference Call and Webcast The Company will host a conference call and webcast on Thursday, May 8, 2025, at 10:00 am ET. During the conference call, management will review the financial and operating results and discuss Allient's corporate strategy and outlook. A question-and-answer session will follow. To listen to the live call, dial (412) 634-6879. In addition, the webcast and slide presentation may be found at: A telephonic replay will be available from 2:00 pm ET on the day of the call through Thursday, May 22, 2025. To listen to the archived call, dial (412) 317-6671 and enter replay pin number 10198077 or access the webcast replay via the Company's website. A transcript will also be posted to the website once available. About Allient Inc. Allient (Nasdaq: ALNT) is a global engineering and manufacturing enterprise that develops solutions to drive the future of market-moving industries, including medical, life sciences, aerospace and defense, industrial automation, robotics, semi-conductor, transportation, agriculture, construction and facility infrastructure. A family of globally responsible companies, Allient takes a One-Team approach to 'Connect What Matters' and provides the most robust, reliable, and high-value products and systems by utilizing its core Motion, Controls, and Power technologies and platforms. Headquartered in Buffalo, N.Y., Allient employs more than 2,500 team members around the world. To learn more, visit Safe Harbor Statement The statements in this news release that relate to future plans, events or performance are 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements. Examples of forward-looking statements include, among others, statements the Company makes regarding expected savings from restructuring and simplifying actions, the cost of implementing such actions, operating results, expectations for the level of sales, the Company's belief that it has sufficient liquidity to fund its business operations, and expectations with respect to the conversion of backlog to sales. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations and assumptions regarding the future of the Company's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, general economic and business conditions, conditions affecting the industries served by the Company and its subsidiaries, conditions affecting the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the pace of bookings relative to shipments, the ability to expand into new markets and geographic regions, the success in acquiring new business, the impact of changes in income tax rates or policies, commercial activity and demand across our and our customers' businesses, global supply chains, the prices of our securities and the achievement of our strategic objectives, the ability to attract and retain qualified personnel, the ability to successfully integrate an acquired business into our business model without substantial costs, delays, or problems, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict the occurrence of those matters or the manner in which they may affect us. The Company has no obligation or intent to release publicly any revisions to any forward looking statements, whether as a result of new information, future events, or otherwise. FINANCIAL TABLES FOLLOW ALLIENT INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) For the three months ended March 31, 2025 2024 Cash Flows From Operating Activities: Net income $ 3,557 $ 6,902 Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization 6,281 6,385 Deferred income taxes 49 297 Stock-based compensation expense 920 1,211 Debt issue cost amortization recorded in interest expense 161 156 Other 1,039 411 Changes in operating assets and liabilities, net of acquisitions: Trade receivables (8,415) (292) Inventories 6,511 (119) Prepaid expenses and other assets (1,024) (1,236) Accounts payable 2,863 (2,022) Accrued liabilities 1,986 (2,514) Net cash provided by operating activities 13,928 9,179 Cash Flows From Investing Activities: Consideration paid for acquisitions, net of cash acquired — (25,527) Purchase of property and equipment (1,060) (2,973) Net cash used in investing activities (1,060) (28,500) Cash Flows From Financing Activities: Proceeds from issuance of long-term debt — 76,850 Principal payments of long-term debt and finance lease obligations (2,110) (53,230) Payment of contingent consideration — (2,450) Payment of debt issuance costs (17) (1,532) Tax withholdings related to net share settlements of restricted stock (63) (100) Net cash (used in) provided by financing activities (2,190) 19,538 Effect of foreign exchange rate changes on cash 973 (604) Net increase (decrease) in cash and cash equivalents 11,651 (387) Cash and cash equivalents at beginning of period 36,102 31,901 Cash and cash equivalents at end of period $ 47,753 $ 31,514 Expand ALLIENT INC. Reconciliation of Non-GAAP Financial Measures (In thousands, Unaudited) In addition to reporting revenue and net income, which are U.S. generally accepted accounting principle ('GAAP') measures, the Company presents Revenue excluding foreign currency exchange rate impacts, Organic revenue, EBITDA and Adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, and foreign currency gains/losses), total net debt, and leverage ratio, which are non-GAAP measures. The Company believes that Revenue excluding foreign currency exchange rate impacts is a useful measure in analyzing organic sales results. The Company excludes the effect of currency translation from revenue for this measure because currency translation is not fully under management's control, is subject to volatility and can obscure underlying business trends. The portion of revenue attributable to currency translation is calculated as the difference between the current period revenue and the current period revenue after applying foreign exchange rates from the prior period. Organic revenue is reported revenues adjusted for the impact of foreign currency and the revenue contribution from acquisitions. The Company believes EBITDA and Adjusted EBITDA are often a useful measure of a Company's operating performance and are a significant basis used by the Company's management to evaluate and compare the core operating performance of its business from period to period by removing the impact of the capital structure (interest), tangible and intangible asset base (depreciation and amortization), taxes, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, foreign currency gains/losses on short-term assets and liabilities, and other items that are not indicative of the Company's core operating performance. EBITDA and Adjusted EBITDA do not represent and should not be considered as an alternative to net income, operating income, net cash provided by operating activities or any other measure for determining operating performance or liquidity that is calculated in accordance with GAAP. In addition to the performance measures identified above, we believe that total net debt and leverage ratio provide meaningful measures of liquidity and a useful basis for assessing our ability to fund our activities, including the financing of acquisitions and debt repayments. Total net debt is calculated as total debt less cash and cash equivalents. Leverage ratio is total net debt divided by adjusted EBITDA for the trailing twelve months. The Company's calculation of Revenue excluding foreign currency exchange impacts for the three months ended March 31, 2025 is as follows: The Company's calculation of organic revenue for the three months ended March 31, 2025 is as follows: ALLIENT INC. Reconciliation of Non-GAAP Financial Measures (In thousands, Unaudited) The Company's calculation of Adjusted EBITDA for the three months ended March 31, 2025 and 2024 is as follows: The Company's calculation of Total Net Debt and Leverage Ratio as of March 31, 2025 and December 31, 2024 is as follows: ALLIENT INC. Reconciliation of GAAP Net Income and Diluted Earnings per Share to Non-GAAP Adjusted Net Income and Adjusted Diluted Earnings per Share (In thousands, except per share data) (Unaudited) The Company's calculation of Adjusted net income and Adjusted diluted earnings per share for the three months ended March 31, 2025 and 2024 is as follows: (1) Applies a blended federal, state, and foreign tax rate of 23% applicable to the non-GAAP adjustments. Expand Adjusted net income and diluted EPS are defined as net income as reported, adjusted for certain items, including amortization of intangible assets and unusual non-recurring items. Adjusted net income and diluted EPS are not a measure determined in accordance with GAAP in the United States, and may not be comparable to the measure as used by other companies. Nevertheless, the Company believes that providing non-GAAP information, such as adjusted net income and diluted EPS are important for investors and other readers of the Company's financial statements and assists in understanding the comparison of the current quarter's and current year's net income and diluted EPS to the historical periods' net income and diluted EPS.
Yahoo
24-04-2025
- Business
- Yahoo
Allient Inc. Announces First Quarter 2025 Financial Results Conference Call and Webcast
BUFFALO, N.Y., April 24, 2025--(BUSINESS WIRE)--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 its first quarter 2025 results after the close of financial markets on Wednesday, May 7, 2025. The Company will host a conference call and webcast the following day to review the financial and operating results for the period. A question-and-answer session will follow. First Quarter 2025 Conference Call Date: Thursday, May 8, 2025Time: 10:00 a.m. Eastern TimePhone: (412) 634-6879Webcast and accompanying slide presentation: A telephonic replay will be available from 2:00 p.m. ET on the day of the call through Thursday, May 22, 2025. To listen to the archived call, dial (412) 317-6671 and enter replay PIN 10198077. The webcast replay will be available on the Company's website, where a transcript will be posted once available. About Allient Inc. Allient (Nasdaq: ALNT) is a global engineering and manufacturing enterprise that develops solutions to drive the future of market-moving industries, including medical, life sciences, aerospace and defense, industrial automation, robotics, semi-conductor, transportation, agriculture, construction and facility infrastructure. A family of globally responsible companies, Allient takes a One-Team approach to "Connect What Matters" and provides the most robust, reliable, and high-value products and systems by utilizing its core Motion, Controls, and Power technologies and platforms. Headquartered in Buffalo, N.Y., Allient employs more than 2,500 team members around the world. To learn more, visit View source version on Contacts Investor Contact: Deborah K. Pawlowski / Craig P. MychajlukAlliance Advisors IR716-843-3908 / 716-843-3832dpawlowski@ / cmychajluk@ Sign in to access your portfolio
Business Wire
24-04-2025
- Business
- Business Wire
Allient Inc. Announces First Quarter 2025 Financial Results Conference Call and Webcast
BUFFALO, N.Y.--(BUSINESS WIRE)-- 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 its first quarter 2025 results after the close of financial markets on Wednesday, May 7, 2025. The Company will host a conference call and webcast the following day to review the financial and operating results for the period. A question-and-answer session will follow. First Quarter 2025 Conference Call Time: 10:00 a.m. Eastern Time Phone: (412) 634-6879 Webcast and accompanying slide presentation: A telephonic replay will be available from 2:00 p.m. ET on the day of the call through Thursday, May 22, 2025. To listen to the archived call, dial (412) 317-6671 and enter replay PIN 10198077. The webcast replay will be available on the Company's website, where a transcript will be posted once available. About Allient Inc. Allient (Nasdaq: ALNT) is a global engineering and manufacturing enterprise that develops solutions to drive the future of market-moving industries, including medical, life sciences, aerospace and defense, industrial automation, robotics, semi-conductor, transportation, agriculture, construction and facility infrastructure. A family of globally responsible companies, Allient takes a One-Team approach to 'Connect What Matters' and provides the most robust, reliable, and high-value products and systems by utilizing its core Motion, Controls, and Power technologies and platforms. Headquartered in Buffalo, N.Y., Allient employs more than 2,500 team members around the world. To learn more, visit
Yahoo
05-04-2025
- Business
- Yahoo
Shareholders in Allient (NASDAQ:ALNT) are in the red if they invested a year ago
The simplest way to benefit from a rising market is to buy an index fund. While individual stocks can be big winners, plenty more fail to generate satisfactory returns. For example, the Allient Inc. (NASDAQ:ALNT) share price is down 38% in the last year. That's disappointing when you consider the market declined 1.9%. Longer term shareholders haven't suffered as badly, since the stock is down a comparatively less painful 26% in three years. Furthermore, it's down 20% in about a quarter. That's not much fun for holders. However, one could argue that the price has been influenced by the general market, which is down 16% in the same timeframe. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Unhappily, Allient had to report a 47% decline in EPS over the last year. This fall in the EPS is significantly worse than the 38% the share price fall. So despite the weak per-share profits, some investors are probably relieved the situation wasn't more difficult. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). It might be well worthwhile taking a look at our free report on Allient's earnings, revenue and cash flow . We regret to report that Allient shareholders are down 38% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 1.9%. However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Longer term investors wouldn't be so upset, since they would have made 1.8%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For example, we've discovered 2 warning signs for Allient (1 is concerning!) that you should be aware of before investing here. Of course Allient may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
