Allient (US:ALNT)2020-11-18 10:19Financial Performance & Market Data - As of November 9, 2020, the company's market capitalization was $412 million[4] - The average daily dollar volume (3 months) was $0.9 million[4] - Q3 2020 TTM revenue was $361.6 million, up 1% from the previous year[30, 33] - Adjusted EBITDA for Q3 20 TTM was $42.7 million, with a margin of 11.8%[39] - The company's backlog as of Q3 2020 was $123.7 million[45] Strategic Focus & Acquisitions - The company aims to be a leading global controlled motion solutions provider in selected target markets[5] - The company acquired Dynamic Controls Group to strengthen electronics and software capabilities in the medical market[17] - The company expects the Dynamic Controls acquisition to enhance overall gross margin profile and be slightly accretive in 2020[17] Target Markets - Industrial market accounted for 32% of Q3 2020 TTM sales[19] - Vehicle market accounted for 30% of Q3 2020 TTM sales[21] - Medical market accounted for 21% of Q3 2020 TTM sales[24] - Aerospace & Defense market accounted for 12% of Q3 2020 TTM sales[25] Financial Strength - The company had $20.2 million in cash and cash equivalents as of September 30, 2020[40] - Total debt was $124.4 million, and net debt was $104.2 million[40] - The company paid off 47% of the debt used to acquire Dynamic Controls in six months[40]