4 - ALLIENT INC (0000046129) (Issuer)

4 - ALLIENT INC (0000046129) (Issuer)

Northland Capital downgraded Allient from Outperform to Market Perform and set a new price target of $40.00 from $45.00 previously

Seasoned financial leader brings over 25 years of experience with multinational public and private companies 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 the appointment of James A. Michaud as Chief Financial Officer, effective June 3, 2024. Mr. Michaud will succeed Michael R. Leach, who previously announced his retirement from Allient. Dick Warzala, Chairman and CEO, commented, "We are very excited to add Jim to the Allient Team as he is a highly accomplished financial leader with extensive experience in multina

Third quarter performance: Revenue was $125.2 million with a gross margin of 31.4% and net income of $2.1 million Improved margins sequentially: Gross margin up 150 basis points to 31.4%, operating margin up 170 basis points to 5.3%, and adjusted EBITDA margin rose 130 basis points to 11.5% Strong cash flow: $29.5 million of cash generated from operations year-to-date and ended the quarter with $37.1 million of cash Cost reductions: Additional Simplify to Accelerate NOW efforts implemented, bringing total annual cost reductions to $10 million Allient Inc. (NASDAQ:ALNT) ("Allient" or the "Company"), a global designer and manufacturer of precision and specialty Motion, Controls and P

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 that its Board of Directors approved a quarterly cash dividend payment of $0.03 per share. The dividend will be payable on December 5, 2024 to stockholders of record as of the close of business on November 21, 2024. Allient has approximately 16.8 million shares outstanding. 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,

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 third quarter 2024 results after the close of financial markets on Wednesday, November 6, 2024. 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. Third Quarter 2024 Conference Call Date: Thursday, November 7, 2024 Time: 10:00 a.m. Eastern Time Phone: (412) 317-0535 Webcast and accompanying

Adjustments Include Less Restrictive Covenants, Expanded EBITDA Add-Backs, and Interest Rate Hedging to Support Strategic Initiatives 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 has amended its 2024 Credit Facilities to enhance flexibility in financial planning through FY2025. Additionally, the Company has executed a new interest rate swap agreement, further optimizing its capital structure. Jim Michaud, Allient's Chief Financial Officer, commented, "We appreciate the ongoing support from our lending

Second quarter revenue was $136.0 million with a gross margin of 29.9% and net income of $1.2 million Orders of $137.4 million resulted in a book-to-bill ratio of 1.0x and a backlog of $259.0 million Generated $17.4 million of cash from operations year-to-date Simplify to Accelerate NOW efforts identified $5 million in annualized cost reductions that were implemented in the second quarter Additional cost reductions expected to be implemented in the second half of 2024 are expected to result in an additional $5 million in annualized savings Allient Inc. (NASDAQ:ALNT) ("Allient" or the "Company"), a global designer and manufacturer of precision and specialty Motion, Controls a

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 that its Board of Directors approved a quarterly cash dividend payment of $0.03 per share. The dividend will be payable on September 5, 2024 to stockholders of record as of the close of business on August 22, 2024. Allient has approximately 16.8 million shares outstanding. 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,

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 second quarter 2024 results after the close of financial markets on Wednesday, August 7, 2024. 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. Second Quarter 2024 Conference Call Date: Thursday, August 8, 2024 Time: 10:00 a.m. Eastern Time Phone: (201) 389-0920 Webcas

Seasoned financial leader brings over 25 years of experience with multinational public and private companies 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 the appointment of James A. Michaud as Chief Financial Officer, effective June 3, 2024. Mr. Michaud will succeed Michael R. Leach, who previously announced his retirement from Allient. Dick Warzala, Chairman and CEO, commented, "We are very excited to add Jim to the Allient Team as he is a highly accomplished financial leader with extensive experience in multina

First quarter gross margin expanded 80 basis points to 32.3% Operating income increased 6% to $12.1 million with a margin of 8.2%, which was up 40 basis points Net income per diluted share increased 8% to $0.42; Adjusted net income per share was $0.58, up 5% Generated $9.2 million of cash from operations, more than double last year's first quarter 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, 2024. Results include the acquisitions of Sierramotion

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 that its Board of Directors approved a quarterly cash dividend payment of $0.03 per share. The dividend will be payable on June 6, 2024 to stockholders of record as of the close of business on May 23, 2024. 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-condu

Michaud will succeed Michael R. Leach, who previously announced his retirement from Allient.

Roth MKM analyst Gerry Sweeney maintains Allient (NASDAQ:ALNT) with a Buy and lowers the price target from $42 to $39.

Allient (NASDAQ:ALNT) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.47 by 23.4 percent. The company reported quarterly sales of $146.713 million which beat the analyst consensus estimate of $144.289 million by 1.68 percent. This is a 0.80 percent increase over sales of $145.549 million the same period last year.

The Nasdaq 100 closed lower by over 200 points on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga's insider transactions platform. Cleveland-Cliffs The Trade: Cleveland-Cliffs Inc (NYSE:CLF) Director Susan Miranda Green sold a total of 6,500 shares at an aver

Craig-Hallum analyst Greg Palm maintains Allient (NASDAQ:ALNT) with a Buy and raises the price target from $35 to $41.

Northland Capital Markets analyst Ted Jackson downgrades Allient (NASDAQ:ALNT) from Outperform to Market Perform and lowers the price target from $45 to $40.

Roth MKM analyst Gerry Sweeney maintains Allient (NASDAQ:ALNT) with a Buy and raises the price target from $38 to $42.

Gainers New Horizon Aircraft (NASDAQ:HOVR) stock moved upwards by 52.5% to $2.0 during Wednesday's regular session. The market value of their outstanding shares is at $33.3 million. Lavoro (NASDAQ:LVRO) stock moved upwards by 25.09% to $7.91. The company's market cap stands at $922.3 million. Desktop Metal (NYSE:DM) shares increased by 23.97% to $0.67. The company's market cap stands at $215.9 million. Babcock & Wilcox (NYSE:BW) stock rose 17.96% to $1.51. The company's market cap stands at $134.9 million. ATIF Holdings (NASDAQ:ATIF) shares increased by 17.07% to $0.96. The market value of their outstanding shares is at $9.2 million. Allient (NASDAQ:ALNT) stock moved upwards by 16.18%

U.S. stocks were higher, with the Dow Jones index gaining more than 200 points on Wednesday. Shares of Box, Inc. (NYSE:BOX) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter EPS and announced a $100 million expansion of its stock repurchase program. Total revenues were up 2% on a year-over-year basis. Billings were up 6% in the fourth quarter, coming in at $379.3 million. The company also issued first-quarter revenue guidance above estimates. Box shares climbed 7.3% to $29.25 on Wednesday. Here are some other big stocks recording gains in today’s session. TRxADE HEALTH, Inc. (NASDAQ:MEDS) shares jumped 39.2% to $11.19 after the com

10-Q - ALLIENT INC (0000046129) (Filer)

8-K - ALLIENT INC (0000046129) (Filer)

10-Q - ALLIENT INC (0000046129) (Filer)

SD - ALLIENT INC (0000046129) (Filer)

8-K - ALLIENT INC (0000046129) (Filer)

8-K - ALLIENT INC (0000046129) (Filer)

10-Q - ALLIENT INC (0000046129) (Filer)

8-K - ALLIENT INC (0000046129) (Filer)

ARS - ALLIENT INC (0000046129) (Filer)

DEF 14A - ALLIENT INC (0000046129) (Filer)