ALNT

Analyst Rating: Northland Securities analyst Ted Jackson has maintained a Buy rating on Allient (ALNT) with a price target of $35.00, reflecting a Moderate Buy consensus among analysts.

Company Performance: Allient's market cap is currently $391.1M, with a P/E ratio of 26.46, and the company reported a Q4 adjusted EPS of 31 cents, exceeding the consensus estimate of 25 cents.

Fourth Quarter Financial Performance: Allient Inc. reported a fourth quarter revenue of $122 million, down 13% year-over-year, with a gross margin of 31.5%. Despite lower revenues, total orders increased by 15%, indicating strong demand in power quality and defense sectors.

Cost-Saving Initiatives and Future Outlook: The company implemented the "Simplify to Accelerate NOW" program, achieving $10 million in annualized savings, with plans for an additional $6-$7 million in 2025. Allient aims to enhance operational efficiency and financial performance through strategic initiatives and restructuring efforts.

Dividend Announcement: Allient Inc. has declared a quarterly cash dividend of $0.03 per share, payable on April 3, 2025, to stockholders recorded by March 20, 2025.

Company Overview: Allient Inc. is a global designer and manufacturer focused on precision and specialty Motion, Controls, and Power products for various industries, employing over 2,500 people worldwide.

Earnings Performance: Allient (ALNT) reported quarterly earnings of $0.31 per share, exceeding estimates and showing a 19.23% surprise, despite a decline from $0.55 per share a year ago. The company also surpassed revenue expectations with $122.01 million for the quarter.

Market Outlook: Allient shares have underperformed the market this year, and future stock performance will depend on management's commentary and earnings outlook, with current consensus estimates suggesting modest growth in the upcoming quarters.

Analyst Rating: Craig-Hallum analyst Greg Palm has maintained a Buy rating on Allient (ALNT), with the stock closing at $23.85 and an average price target of $35.00, indicating a Moderate Buy consensus among analysts.

Market Performance: Allient has a market cap of $419.1M and a P/E ratio of 28.35, with Palm achieving an average return of 9.1% and a success rate of 51.96% on his stock recommendations.

Analyst Upgrade: Northland Capital Markets analyst Ted Jackson upgraded Allient Inc. from Market Perform to Outperform, raising the price forecast from $30 to $35 due to improving industrial market conditions and expectations of reduced negative impacts from a weaker vehicle market in FY25.

Sales Projections: While projecting a slight decline in sales for FY25, Jackson is optimistic about adjusted EBITDA growth; however, he expresses concern that the consensus sales estimate for the second half of FY25 may be overly optimistic compared to his own estimates.

Analyst Upgrade: Northland analyst Ted Jackson has upgraded Allient (ALNT) from Market Perform to Outperform, setting a price target of $35.

Company Developments: Allient has extended the leadership contract for its Heidrive GmbH unit until 2027 and launched a new Defense Solutions business unit.

Company Expansion Plans: Allient Inc. is establishing a Machining Center of Excellence in Dothan, Alabama, to enhance its capabilities in producing complex fabricated parts while transferring assembly operations to facilities in Tulsa, Oklahoma and Reynosa, Mexico.

Financial Outlook: The realignment is expected to incur one-time costs but aims for payback within a year, with anticipated annual savings in the low multi-million dollar range starting in the second half of 2025.

Allient Update: Allient, Inc. has extended the employment agreement of Helmut D. Pirthauer as Vice President and Group President until December 31, 2027, with adjustments to salary and performance-based bonuses aimed at enhancing leadership incentives.

Company Overview: Allient operates in the engineering and manufacturing sector through its subsidiary Heidrive GmbH, focusing on specialized motion control solutions, currently holding a market cap of $429.2 million and a year-to-date price performance of 4.04%.

Launch of Allient Defense Solutions: Allient Inc. has introduced its new business unit, Allient Defense Solutions (ADS), aimed at enhancing its presence in the defense industry by integrating technology offerings and streamlining processes to deliver high-performance solutions.

Leadership and Restructuring: The company has appointed key leaders for ADS and restructured its internal teams to align resources effectively, ensuring a cohesive approach to product development and customer engagement across various defense applications.

BBVA's Stance on Sabadell Takeover: Banco Bilbao Vizcaya Argentaria (BBVA) is prepared to withdraw its takeover bid for Sabadell if Spain's competition authority imposes strict conditions that diminish the deal's value.

Regulatory Review: BBVA's CEO, Onur Genc, emphasized the importance of value creation and noted that the CNMC's requirement for further analysis could impact the decision on the acquisition.

Financial Performance: Allient Inc. reported a 14% decrease in revenue for Q3 2024, totaling $125.2 million, with net income dropping to $2.1 million compared to $6.7 million in the previous year, while implementing cost-saving initiatives that have already yielded $10 million in annualized savings.

Operational Strategy: The company is focusing on its "Simplify to Accelerate NOW" program to enhance operational efficiencies and reduce costs, expecting inventory adjustments by customers to normalize by mid-2025, which will help position Allient for future growth despite current market challenges.

Dividend Announcement: Allient (NASDAQ: ALNT) has declared a quarterly dividend of $0.03 per share, consistent with previous dividends, with a forward yield of 0.59%.

Payment Details: The dividend is payable on December 5 to shareholders of record as of November 21, with the ex-dividend date also set for November 21.

Earnings Release Announcement: Allient Inc. will release its third quarter 2024 financial results on November 6, 2024, and will host a conference call on November 7, 2024, to discuss the results with a Q&A session following.

Company Overview: Allient Inc. is a global engineering and manufacturing company focused on precision and specialty products for various industries, employing over 2,500 people worldwide and headquartered in Buffalo, N.Y.

Credit Facility Amendments: Allient Inc. has amended its 2024 Credit Facilities to enhance financial flexibility, maintaining a leverage ratio covenant and allowing additional costs in EBITDA calculations to support strategic initiatives through FY2025.

Interest Rate Hedging: The company executed a new interest rate swap agreement to hedge $50 million of debt over three years, aimed at protecting against interest rate volatility and aligning with its financial strategy.

Earnings Report: Allient (ALNT) reported quarterly earnings of $0.29 per share, missing estimates and showing a decline from $0.58 per share a year ago, with revenues also falling short of expectations at $136.03 million.

Stock Outlook: The company's stock is currently rated Zacks Rank #4 (Sell), indicating expected underperformance in the near future, influenced by unfavorable earnings estimate revisions and a weak industry outlook.

Financial Performance Overview: Allient Inc. reported a 7% decrease in revenue for Q2 2024, totaling $136 million, impacted by lower demand in industrial and vehicle markets, alongside challenges from recent acquisitions and customer bankruptcies.

Restructuring Plans and Future Outlook: The company is implementing its "Simplify to Accelerate NOW" plan to streamline operations and achieve approximately $10 million in annual savings, while anticipating a revenue run rate below $500 million through the second half of 2024 due to ongoing inventory adjustments among customers.

Financial Performance: Allient Inc. reported second quarter revenue of $136 million, a 7% decrease from the previous year, with net income dropping to $1.2 million due to lower demand in industrial markets and increased operational costs related to recent acquisitions.

Cost Reduction Initiatives: The company implemented $5 million in annualized cost reductions during the second quarter as part of its "Simplify to Accelerate NOW" plan, with expectations for an additional $5 million in savings in the latter half of 2024 to enhance operational efficiency amidst challenging market conditions.

Dividend Announcement: Allient Inc. has declared a quarterly cash dividend of $0.03 per share, payable on September 5, 2024, to stockholders recorded by August 22, 2024.

Company Overview: Allient Inc., headquartered in Buffalo, N.Y., is a global designer and manufacturer specializing in Motion, Controls, and Power products for various industries, employing over 2,500 people worldwide.