Welcome to our dedicated page for Allient news (Ticker: $ALNT), a resource for investors and traders seeking the latest updates and insights on Allient stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allient's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allient's position in the market.
Rhea-AI Summary
Allient Inc. (ALNT) announces the release of its first quarter 2024 financial results on May 8, 2024, followed by a conference call and webcast on May 9, 2024, to discuss the financial and operating results. Investors can participate in the question-and-answer session to gain insights into the Company's performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
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Rhea-AI Summary
Allient Inc. (ALNT) reports strong financial results for Q4 2023 and full year 2023, showcasing revenue growth, margin expansion, and debt reduction. The company's 'Simplify to Accelerate' strategy focuses on footprint rationalization, margin expansion, and cash generation to drive growth. Key highlights include a 15% revenue increase to $578.6 million, record gross margin of 31.7%, net income per diluted share up 36% to $1.48, and $45.0 million cash generated in 2023. The acquisition of Sierramotion Inc. and SNC Manufacturing aims to strengthen the company's position in key markets. Allient's strategic initiatives for 2024 include realigning the organization, lean manufacturing, and working capital reduction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.6%
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Rhea-AI Summary
Allient Inc. (ALNT) declares a quarterly cash dividend of $0.03 per share, payable on April 3, 2024, to stockholders of record as of March 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.6%
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Rhea-AI Summary
Allient Inc. (ALNT) to release Q4 and full year 2023 results on March 5, 2024. Conference call scheduled for March 6, 2024, to discuss financial and operating results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.1%
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Rhea-AI Summary
Allient Inc. (ALNT) acquires SNC Manufacturing Co., Inc., a premier designer and manufacturer of electrical transformers, expanding capabilities and capacity in the Allied Power Technology Pillar. SNC's offerings are complementary to Allient's current power quality capabilities, providing incremental, low-cost manufacturing capacity. With approximately $40 million in revenue for the trailing twelve months, SNC serves blue-chip customers in defense, industrial automation, alternative power generation, and energy sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
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Rhea-AI Summary
Allient Inc. (ALNT) Announces Inaugural Sustainability Report for Fiscal Year 2022
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.21%
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Rhea-AI Summary
Allient Inc. (ALNT) announces the retirement of Senior Vice President and CFO, Michael R. Leach, effective April 2024. Leach played a key role in the financial structure supporting the Company's growth, including eleven acquisitions in the last eight years. The Chairman and CEO, Dick Warzala, expressed gratitude for Leach's contributions and highlighted the company's solid position for future growth. Leach also expressed his appreciation for the opportunity to work with the company's exceptional team and looks forward to a smooth transition for his successor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.24%
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News
Rhea-AI Summary
Allient Inc. (formerly known as Allied Motion Technologies Inc.) reported strong financial results for Q3 2023. Revenue grew 8% to $145.3 million, with organic growth of 7%. Gross margin expanded to a record 32.7%. Net income increased 1% to $6.7 million. The company completed the acquisition of Sierramotion and reduced its debt balance by $11.1 million year-to-date.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.15%
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Rhea-AI Summary
Allient Inc. (formerly known as Allied Motion Technologies Inc.) has announced a quarterly cash dividend payment of $0.03 per share. The dividend will be payable on November 30, 2023, to stockholders of record as of November 16, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.15%
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Rhea-AI Summary
Allient Inc. to release third quarter 2023 results on November 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
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Allient Inc.
Nasdaq:ALNT
ALNT Rankings
ALNT Stock Data
520.67M
13.98M
15.7%
65.26%
0.53%
Optical Instrument and Lens Manufacturing
Manufacturing
United States of America
AMHERST
About ALNT
allied motion technologies inc. is a u.s. public company focused exclusively on serving the motion control market. allied motion is listed on the nasdaq stock market; symbol: amot. we design and manufacture motor and servo motion products for the commercial, industrial, and aerospace and defense markets. allied motion is growing both internally and through acquisition, and we intend to be a leading worldwide supplier of technically advanced motion control products to our selected market segments.