Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Allient (ALNT) , which belongs to the Zacks Electronics - Miscellaneous Components industry, could be a great candidate to consider.This motion control product maker has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 64.46%.For ...

Allient Inc. (NASDAQ:ALNT) Q4 2023 Earnings Conference Call March 6, 2024 10:00 AM ET Company Participants Craig Mychajluk - Investor Relations Richard Warzala - Chairman, President and CEO Michael Leach - Chief Financial Officer Conference Call Participants Danny Eggerich - Craig-Hallum Capital Group Gerry Sweeney - ROTH Capital Operator Good day, and welcome to the Allient Inc. Corporated Fourth Quarter Fiscal Year 2023 Financial Results Conference Call. [Operator Instructions] After today's presentation, ...

Nasdaq: ALNT March 6, 2024 Fourth Quarter & Full Year 2023 Financial Results Call Dick Warzala Mike Leach Chairman, President & CEO Senior Vice President & CFO ...

Allient (ALNT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 120%. A quarter ago, it was expected that this motion control product maker would post earnings of $0.56 per share when it actually produced earnings of $0.61, delivering a surprise of 8.93%.Over the last four quarters, th ...

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 fourth quarter and full year ended December 31, 2023. Results include the Sierramotion Inc. acquisition, which was completed in September 2023. “With a backdrop of macro uncertainty and other challenges, the Allient team onc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |---------------------|---------------------------------------------------------------------------------|-------------| | ...

BUFFALO, N.Y.--(BUSINESS WIRE)--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 applications, today announced the acquisition of SNC Manufacturing Co., Inc. (“SNC”), a premier designer and global manufacturer of electrical transformers serving blue-chip customers in defense, industrial automation, alternative ...

Allient Inc. (NASDAQ:ALNT) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Craig Mychajluk - Investor Relations Richard Warzala - Chairman, President and CEO Michael Leach - Chief Financial Officer Conference Call Participants Gregory Palm - Craig-Hallum Capital Group Ted Jackson - Northland Capital Markets Operator Good morning, and welcome to the Allient Inc. Third Quarter Fiscal Year 2023 Financial Results Conference Call. [Operator Instructions] After today's presenta ...

Table of Contents 927 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |--------------------------------------------------------------------------|---------------------------------------------|------------------------------- ...

Financial Data and Key Metrics Changes - The company reported a 20% increase in revenue, amounting to $146.8 million, with organic revenue growth at 17% [9][10] - Net income rose by 48% to $6.8 million, translating to $0.42 per diluted share, while adjusted net income was $9.5 million or $0.58 per diluted share, up 21% [13] - Operating income increased 60% to a record $12 million, with an operating margin of 8.2%, up 210 basis points [7][12] Business Line Data and Key Metrics Changes - Industrial markets saw a 39% increase, driven by industrial automation projects and power quality solutions [6][10] - Aerospace and Defense markets grew by 11%, aided by acquisitions and defense program timing [7] - Vehicle market sales increased by 7%, while medical markets experienced a 3% growth overall [7][10] Market Data and Key Metrics Changes - The industrial market remains the largest, accounting for 41% of total trailing twelve-month sales, with a 40% growth in this sector [10] - The backlog decreased by 3% from the previous quarter, reflecting improvements in the supply chain [16] - Orders totaled approximately $137 million, resulting in a book-to-bill ratio of 0.9 times [16] Company Strategy and Development Direction - The company aims to continue executing its strategy focused on cash generation and debt reduction, which supports planned M&A activities [18] - There is an emphasis on leveraging global manufacturing and engineering capabilities to expand market share [19] - The company is actively grooming potential M&A opportunities as part of its growth strategy [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued organic growth despite some market softening, particularly in Europe [22][35] - The company anticipates strong demand in industrial markets and a stable quarter-over-quarter shipment rate moving forward [17][35] - Management noted that geopolitical concerns and energy prices are still impacting bookings, but strong backlogs remain [42] Other Important Information - The company will host its inaugural Investor and Analyst Day at NASDAQ on August 23, 2023 [19] - Capital expenditures for 2023 are now expected to range between $16 million and $20 million, down from previous estimates [15] Q&A Session Summary Question: Insights on current market conditions and order intake - Management acknowledged some softening in certain verticals but emphasized strong overall performance with a 20% revenue increase [22] Question: Concerns about inventory levels among customers - Management indicated that inventory levels vary by customer, with no major concerns about business loss [26] Question: Outlook on gross margin and supply chain costs - Management remains committed to achieving a 100 basis points improvement in gross margin and operating margin [30] Question: Confidence in organic growth for the second half of the year - Management expressed confidence in continued organic growth, with expectations of more stable quarter-over-quarter shipments [35] Question: Impact of geopolitical issues on European markets - Management noted some softness in bookings but strong backlogs, with energy prices and geopolitical events still affecting the market [42] Question: Performance of the vehicle business and commercial automotive market - Management indicated that while commercial automotive demand is increasing, agricultural equipment demand in Eastern Europe is a significant offset [44] Question: Status of new program launches and ramp schedules - Management confirmed that new program launches are progressing, albeit delayed due to COVID and supply chain issues [49] Question: Medical OEM side and inventory adjustments - Management reported stable performance in the medical sector, with no significant inventory adjustments observed [52]