Allient (US:ALNT)2021-08-05 09:07Financial Performance - Revenue increased by 17% to $101.5 million[4] - Gross margin expanded by 110 bps sequentially to 30.7%[4] - Operating income reached $6.7 million, driven by higher volume[5] - $10.9 million cash was generated from operations, with $16.5 million year-to-date[5] - Adjusted EBITDA for the trailing twelve months (TTM) was $45.803 million[56] Strategic Growth & Market Position - Vehicle market sales increased by 82%[6] - Industrial markets experienced YoY growth of 20% and sequential growth of 8%[7] - Record orders of $119.0 million were achieved, up 48% YoY and 4% sequentially[8] - Backlog grew 12% sequentially to a record $170.4 million[9] Capital Structure - $7.6 million of debt was paid down[6] - Net debt/net total capitalization improved 440 bps since year-end 2020[31] Outlook - Expect to invest $12 million to $15 million in capital expenditures during FY21[43]