The chart below shows how ALNT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ALNT sees a -0.83% change in stock price 10 days leading up to the earnings, and a -1.85% change 10 days following the report. On the earnings day itself, the stock moves by +0.74%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Revenue Decline Analysis: Our year-over-year performance reflects a softer top-line with revenue coming in for the quarter at $125 million.
Gross Margin Improvement: Our gross margin improved by 150 basis points sequentially to 31.4%.
Operating Margin Increase: Operating margin rose by 170 basis points to 5.3%.
EBITDA Margin Increase: An adjusted EBITDA margin climbed by 130 basis points to 11.5%.
Strong Cash Flow Generation: We generated a solid cash flow, adding $12 million from operations during the quarter and ended the period with more than $37 million in cash.
Negative
Quarterly Revenue Decline: Revenue for the quarter was $125 million, reflecting a 14% year-over-year decline.
Vehicle Market Decline: The vehicle markets experienced a 38% decline primarily due to a sharp downturn in power sports demand.
Industrial Market Decline: Industrial markets decreased by 9%, despite gains in HVAC and data center sectors.
Operating Costs Increase: Operating costs accounted for 26.1% of revenue, an increase of 160 basis points, with 40 basis points directly attributable to restructuring.
Net Income Performance: Net income reached $2.1 million, translating to earnings per diluted share of $0.13, indicating a challenging financial environment.
Allient Inc. (ALNT) Q3 2024 Earnings Call Transcript
ALNT.O
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