Core Insights - Allient (ALNT) reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, but down from $0.61 per share a year ago, representing a 47.62% earnings surprise [1] - The company generated revenues of $125.21 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.75%, but down from $145.32 million year-over-year [2] - Allient has outperformed consensus EPS estimates three times in the last four quarters and has also topped revenue estimates three times during the same period [2] Earnings Outlook - The future performance of Allient's stock will largely depend on management's commentary during the earnings call and the sustainability of the stock's immediate price movement based on the recently released numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.21 on revenues of $118.95 million, and for the current fiscal year, it is $1.29 on revenues of $526 million [7] Industry Context - Allient operates within the Zacks Electronics - Miscellaneous Components industry, which is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable industry outlook [8] - The performance of Allient's stock may also be influenced by the overall industry trends, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [8]

Financial Performance - Revenues for Q3 2024 were $125,213 thousand, a decrease of 14% compared to $145,319 thousand in Q3 2023[103] - Gross profit decreased to $39,264 thousand in Q3 2024 from $47,498 thousand in Q3 2023, with gross margin percentage dropping to 31.4% from 32.7%[105] - Net income for Q3 2024 was $2,101 thousand, down 68% from $6,666 thousand in Q3 2023[103] - Net income for the nine months ended September 30, 2024, decreased to $10,153 from $19,750 in 2023, representing a 49% decline[114] - Adjusted net income for the nine months ended September 30, 2024, was $19,471, down from $28,386 in 2023, a decrease of 31%[125] - Revenues for the nine months ended September 30, 2024, were $407,958, a decrease of 7% compared to $437,637 in 2023[114] - EBITDA for the nine months ended September 30, 2024, was $42,438, down from $54,042 in 2023, a decrease of 21%[126] - Adjusted EBITDA for the nine months ended September 30, 2024, was $48,404, compared to $60,255 in 2023, a decrease of 20%[126] - Organic revenue decreased by 13.9% during the year to date 2024[114] - Organic revenue decreased by 21.5% for the three months ended September 30, 2024, and 13.9% for the nine months ended September 30, 2024[132] Bookings and Backlog - Bookings decreased by 34.2% in Q3 2024 compared to the same period in 2023, primarily due to a significant order in the defense market received in Q3 2023[104] - Bookings for the nine months ended September 30, 2024, were $362,131, a decrease of 13% from $415,113 in 2023[114] - Backlog as of September 30, 2024, was $238,492, down 23% from $309,636 in 2023[114] Expenses and Cost Management - Engineering and development expenses decreased by 15% in Q3 2024 compared to Q3 2023, reflecting cost reduction actions[108] - Selling expenses increased by 5% in Q3 2024 compared to Q3 2023, primarily due to costs associated with recent acquisitions[106] - Total operating costs and expenses decreased by 8% in Q3 2024 compared to Q3 2023, amounting to $32,648 thousand[103] - Selling expenses increased by 5% during the nine months ended September 30, 2024, compared to 2023[117] Tax and Compliance - The effective tax rate for Q3 2024 was 22.6%, slightly down from 23.0% in Q3 2023[103] - The effective income tax rate for the nine months ended September 30, 2024, was 21.8%, down from 23.4% in 2023[124] - The Company was in compliance with all financial covenants as of September 30, 2024[141] Cash Flow and Investments - Cash and cash equivalents increased by $5,217 to $37,118 as of September 30, 2024, compared to December 31, 2023[136] - Net cash provided by operating activities for the nine months ended September 30, 2024, was $29,458, an increase of $2,326 from $27,132 in 2023[137] - Cash used in investing activities increased to $(32,134) for the nine months ended September 30, 2024, compared to $(18,854) in 2023, primarily due to a $20 million acquisition[139] Acquisitions and Strategic Initiatives - The company completed the acquisition of SNC in Q1 2024 and Sierramotion in Q3 2023, focusing on integrating these acquisitions for future growth[101] - The company expects annual cost savings of approximately $10 million from the "Simplify to Accelerate NOW" strategy, which aims to enhance efficiency and reduce working capital[100] Foreign Currency and Interest Rates - A hypothetical 10% change in the value of the U.S. dollar would have impacted sales by approximately $4,213 for the nine months ended September 30, 2024[147] - The company had foreign currency contracts with notional amounts of $24,438 as of September 30, 2024, and recorded losses of $461 and $380 on these contracts for the three and nine months ended September 30, 2024, respectively[149] - Interest on the Series A Notes will be payable quarterly at a fixed rate of 5.96% until maturity on March 21, 2031, with an amended rate of 6.46% from October 1, 2024, through September 30, 2025[150] - As of September 30, 2024, the company had $175,962 outstanding under the Revolving Facility, with $150,000 currently being hedged[152] - A hypothetical one percentage point change in the Base Rate on $25,962 of unhedged floating rate debt would impact interest expense by approximately $200 for the nine months ended September 30, 2024[152] - The company entered into interest rate swaps with a combined notional amount of $60,000 maturing in December 2024 and an additional swap of $40,000 maturing in December 2026[151] Internal Controls and Risk Factors - No changes in internal control over financial reporting materially affected the company during the quarter ended September 30, 2024[155] - Management concluded that disclosure controls and procedures were effective as of September 30, 2024[154] - There were no material changes to the risk factors disclosed in the company's Form 10-K for the year ended December 31, 2023[156] Translation Adjustments - Translation adjustments resulted in a gain of $5,805 for the three months ended September 30, 2024, compared to a loss of $2,923 for the same period in 2023[148] - For the nine months ended September 30, 2024, translation adjustments were a gain of $235, while a loss of $1,995 was recorded for the same period in 2023[148] Dividends - The Company declared dividends of $0.09 per share during the nine months ended September 30, 2024, compared to $0.085 per share in 2023[144]

Allient Inc. (NASDAQ:ALNT) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Deborah Pawlowski - Investor Relations Dick Warzala - Chairman, President & Chief Executive Officer Jim Michaud - Senior Vice President & Chief Financial Officer Conference Call Participants Danny Eggerichs - Craig-Hallum Brett Kearney - American Rebirth Opportunity Partners Ted Jackson - Northland Securities Operator Greetings and welcome to the Allient Inc., Second Quarter Fiscal Year 2024 Financial ...

Nasdaq: ALNT August 8, 2024 Second Quarter 2024 Financial Results Call Dick Warzala Chairman, President & CEO Jim Michaud Chief Financial Officer © Allient Inc. SAFE HARBOR STATEMENT The statements in this presentation that relate to future plans, events or performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, ...

Allient (ALNT) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -27.50%. A quarter ago, it was expected that this motion control product maker would post earnings of $0.51 per share when it actually produced earnings of $0.58, delivering a surprise of 13.73%.Over the last four quarters ...

Revenue and Profit Performance - Revenue decreased by 7% to $136.032 million in Q2 2024 compared to $146.769 million in Q2 2023, primarily due to volume decreases in Vehicle and Industrial markets[115] - Gross profit declined by 12% to $40.676 million in Q2 2024, with gross margin decreasing to 29.9% from 31.3% in Q2 2023[115] - Operating income dropped by 59% to $4.879 million in Q2 2024 compared to $12.020 million in Q2 2023[115] - Net income fell by 83% to $1.150 million in Q2 2024 from $6.769 million in Q2 2023[115] - Net income decreased to $8,052 for the six months ended June 30, 2024, compared to $13,084 in 2023, a 38% decline[123] - Adjusted net income for the six months ended June 30, 2024 was $14,403, down from $18,405 in 2023[130] - Revenues decreased by 3% to $282,745 for the six months ended June 30, 2024, compared to $292,318 in 2023[123] - Gross profit decreased to $88,053 for the six months ended June 30, 2024, from $91,811 in 2023, with gross margin declining to 31.1% from 31.4%[124] - Net income for the three months ended June 30, 2024, was $1.15 million, compared to $6.769 million in the same period in 2023[139] - Non-GAAP adjusted net income for the six months ended June 30, 2024, was $14.403 million, compared to $18.405 million in 2023[142] Acquisitions and Organic Revenue - Acquisitions of SNC in Q1 2024 and Sierramotion in Q3 2023 contributed $10.893 million in incremental revenue in Q2 2024[115] - Organic revenue decreased by 14.2% in Q2 2024, partially offset by revenue from acquisitions[115] - Organic revenue decreased by 10.1% for the six months ended June 30, 2024[123] - The company paid $20 million in cash for the acquisition of SNC during the six months ended June 30, 2024[144] Cost Management and Restructuring - The company implemented the "Simplify to Accelerate NOW" strategy, expecting annual cost savings of $5.0 million and incurring $1.5 million in restructuring costs[112] - Selling expenses increased by 6% to $6.662 million in Q2 2024, primarily due to acquisition-related costs[116] - Business development costs increased by 223% to $1,926 for the six months ended June 30, 2024, primarily due to restructuring-related costs[127] Tax and Interest Expenses - The effective tax rate decreased to 20.6% in Q2 2024 from 23.9% in Q2 2023, driven by the realization of deferred tax assets and foreign income mix[120] - The effective tax rate decreased to 21.6% for the six months ended June 30, 2024, compared to 23.6% in 2023[129] - Interest expense increased by 10% to $6,772 for the six months ended June 30, 2024, driven by higher interest rates and increased debt levels[128] - Interest rates on the Credit Facility range from Term SOFR plus 1.25% to 2.50%, with a rate of 1.875% as of June 30, 2024, depending on the company's debt-to-EBITDA ratio[154] - A 1% change in the Base Rate on the $80,962 of unhedged floating rate debt would impact interest expense by approximately $300 for the six months ended June 30, 2024[155] EBITDA and Adjusted EBITDA - EBITDA decreased to $29,843 for the six months ended June 30, 2024, compared to $35,799 in 2023[131] - Adjusted EBITDA was $33,971 for the six months ended June 30, 2024, down from $39,406 in 2023[131] - Adjusted EBITDA for the six months ended June 30, 2024, was $33.971 million, down from $39.406 million in the same period in 2023[139] Cash Flow and Capital Expenditures - Cash and cash equivalents decreased by $609 thousand to $31.292 million as of June 30, 2024, with $26.372 million located at foreign subsidiaries[143] - Capital expenditures for the full year 2024 are expected to be between $11 million and $15 million[145] - The company declared dividends of $0.06 per share during the six months ended June 30, 2024, up from $0.055 per share in 2023[147] Foreign Currency and Hedging - A hypothetical 10% change in the value of the U.S. dollar would impact sales by approximately $4.618 million for the six months ended June 30, 2024[149] - Foreign currency translation adjustments resulted in a loss of $5.586 million for the six months ended June 30, 2024, compared to a gain of $928 million in 2023[150] - The company had foreign currency contracts with notional amounts of $17.089 million at June 30, 2024, to minimize foreign currency exposure[152] - The company uses interest rate swaps to manage interest rate risk, with two swaps totaling $20,000 in March 2020, increasing to $60,000 by March 2022, maturing in December 2024[154] - An additional interest rate swap of $40,000 was entered into in March 2022, maturing in December 2026[154] - As of June 30, 2024, the company had $180,962 outstanding under the Revolving Facility, with $100,000 currently hedged[155] Bookings and Backlog - Bookings remained flat at $137.373 million in Q2 2024, while backlog decreased by 13% to $259.002 million[115]

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:AMN Healthcare Services (AMN) is a travel healthcare staffing company. The Zacks Consensus Estimate for its current year earnings has been revised almost 18.4% downward over the last 60 days.ALLIENT INC (ALNT) designs, manufactures and sells precision and specialty-controlled motion components and systems. The Zacks Consensus Estimate for its current year earnings has been revised 18.9% downward over the last 60 days.Denso (DNZOY) is ...

Allient Inc. (NASDAQ:ALNT) Q1 2024 Results Conference Call May 9, 2024 10:00 AM ET Company Participants Craig Mychajluk - Investor Relations Richard Warzala - Chairman, President and CEO Jackson Trostle - Corporate Controller Conference Call Participants Greg Palm - Craig-Hallum Capital Group Gerry Sweeney - ROTH Capital Ted Jackson - Northland Securities Brett Kearney - American Rebirth Opportunity Partners Operator Greetings and welcome to Allient First Quarter Fiscal Year 2024 Financial Results Conferenc ...

Table of Contents 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 March 31, 2024. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |--------------------------------------------------------------------------|------------------------------------------------------|------------------------------ ...

Allient (ALNT) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move ...