Welcome to our dedicated page for Allied Motion news (Ticker: ALNT), a resource for investors and traders seeking the latest updates and insights on Allied Motion stock.
Allient Inc (ALNT) drives innovation in precision motion control systems for aerospace, medical, and industrial sectors. This dedicated news hub provides investors and professionals with authoritative updates on corporate developments directly from the source.
Track official announcements including quarterly earnings, product innovations, strategic partnerships, and leadership updates. Our curated repository ensures access to verified press releases, regulatory filings, and market-moving developments – essential for monitoring ALNT's position in motion technology markets.
Key updates cover:
- Financial performance and growth initiatives
- Technological advancements in servo systems and actuators
- Global expansion efforts across defense and automation sectors
- Quality certifications and manufacturing milestones
Bookmark this page for efficient tracking of ALNT's progress in developing mission-critical motion solutions. Combine strategic insights with operational updates to stay informed about this precision engineering leader.
Allient Inc. (Nasdaq: ALNT) has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025, after market close. The company will host a conference call and webcast on Thursday, May 8, 2025, at 10:00 a.m. Eastern Time to discuss the results.
The conference call will be accessible via phone at (412) 634-6879, followed by a Q&A session. A webcast with accompanying slides will be available on the company's investor relations website. For those unable to attend, a telephonic replay will be available until May 22, 2025, by dialing (412) 317-6671 with PIN 10198077.
Allient (NASDAQ: ALNT) reported Q4 2024 results with revenue of $122.0 million, down 13% year-over-year, while gross margin held steady at 31.5%. The company achieved Q4 diluted EPS of $0.18 and adjusted EPS of $0.31.
Key highlights include a 15% sequential increase in orders, particularly in power quality and defense sectors, resulting in a book-to-bill ratio near 1.00. The Simplify to Accelerate NOW program delivered $10 million in annualized savings in 2024, with additional cost savings of $6-7 million targeted for 2025.
Full-year 2024 performance showed revenue of $530.0 million, operating cash flow of $41.9 million, and year-end cash position of $36.1 million. The company reduced total debt by $7.2 million in Q4. Notably, Aerospace & Defense sales increased 20%, while Vehicle markets decreased 46% due to declining powersports demand.
Allient (Nasdaq: ALNT) has announced a quarterly cash dividend of $0.03 per share, as approved by its Board of Directors. The dividend will be paid on April 3, 2025, to stockholders of record as of March 20, 2025. The company, which specializes in precision and specialty Motion, Controls and Power products and solutions for targeted industries, currently has approximately 16.8 million shares outstanding.
Allient Inc. (Nasdaq: ALNT) has scheduled its Fourth Quarter and Full Year 2024 financial results announcement. The company will release results after market close on Wednesday, March 5, 2025. A conference call and webcast to discuss the results will be held the following day. A telephonic replay will be available through March 13, 2025, accessible by dialing (412) 317-6671 with PIN 10195875. The webcast replay and transcript will be posted on the company's website.
Allient Inc. (Nasdaq: ALNT) announced plans to establish a state-of-the-art Machining Center of Excellence at its Dothan, Alabama facility, aligning with its 'Simplify to Accelerate Now' strategy. The center will focus on producing complex fabricated parts using advanced machining practices.
The company will transfer current assembly operations from Dothan to its facilities in Tulsa, Oklahoma and Reynosa, Mexico, where Final Assembly, Integration and Test capabilities are core competencies. This realignment aims to improve business focus and leverage Allient's footprint for delivering high-precision system solutions in markets including Aerospace and Defense, Medical and Electronic Test and Assembly Equipment.
While implementation will incur one-time costs, the company expects payback within one year and projects annualized savings in the low multi-million dollar range, beginning in phases in the second half of 2025.
Allient Inc. (ALNT) has launched its Allient Defense Solutions (ADS) Business Unit, marking its first vertical market-focused initiative. This strategic move aims to expand the company's presence in high-growth defense markets across Land, Air, and Sea applications. The initiative includes a significant organizational restructuring with key appointments: Steve Warzala as ADS President and Corporate VP, Ken May leading systems engineering, Dave MacMillan heading business development, Brandon Hunter as GM for Allient-London, and Jesse Dowd as GM for Allient-Rochester.
The launch was introduced at the AUSA event in October 2024, following the company's rebranding strategy announced at its 2023 Investor Day. The restructuring includes realignment of the Global Engineering Team to enhance decision-making and product development processes.
Allient (ALNT) reported Q3 2024 results with revenue of $125.2 million, down 14% year-over-year, and net income of $2.1 million. Gross margin was 31.4%, improving 150 basis points sequentially. The company implemented $10 million in annual cost savings through its Simplify to Accelerate NOW initiatives. Cash flow from operations reached $29.5 million year-to-date, with quarter-end cash of $37.1 million. Vehicle market sales declined 38%, while Industrial, Medical, and Aerospace & Defense markets also saw decreases. The company expects customer inventory adjustments to complete by early 2025, with normalized run rates by mid-year.
Allient (Nasdaq: ALNT) has announced a quarterly cash dividend of $0.03 per share, payable on December 5, 2024, to stockholders of record as of November 21, 2024. The company, which specializes in Motion, Controls and Power products and solutions, currently has approximately 16.8 million shares outstanding.
Allient (Nasdaq: ALNT), a global designer and manufacturer of precision Motion, Controls and Power products, has scheduled its third quarter 2024 financial results release for Wednesday, November 6, 2024, after market close. The company will host a conference call and webcast on Thursday, November 7, 2024, at 10:00 a.m. Eastern Time to discuss the results. A Q&A session will follow the presentation. A replay will be available until November 14, 2024, and can be accessed by dialing (412) 317-6671 with PIN 10193002.
Allient Inc (Nasdaq: ALNT) has amended its 2024 Credit Facilities to enhance financial flexibility through FY2025. The amendment maintains the leverage ratio covenant at 4.25:1 for TTM periods ending September and December 2024, increases to 4.5:1 for Q1 and Q2 2025, reduces to 4.0:1 by September 2025, and finally reverts to 3.75:1. The company can now include up to $4 million in various costs in EBITDA calculations. Additionally, Allient executed a new interest rate swap agreement effective September 30, 2024, hedging $50 million of debt over three years to protect against SOFR-based rate fluctuations.