Welcome to our dedicated page for Allied Motion news (Ticker: ALNT), a resource for investors and traders seeking the latest updates and insights on Allied Motion stock.
Allient Inc (ALNT) drives innovation in precision motion control systems for aerospace, medical, and industrial sectors. This dedicated news hub provides investors and professionals with authoritative updates on corporate developments directly from the source.
Track official announcements including quarterly earnings, product innovations, strategic partnerships, and leadership updates. Our curated repository ensures access to verified press releases, regulatory filings, and market-moving developments – essential for monitoring ALNT's position in motion technology markets.
Key updates cover:
- Financial performance and growth initiatives
- Technological advancements in servo systems and actuators
- Global expansion efforts across defense and automation sectors
- Quality certifications and manufacturing milestones
Bookmark this page for efficient tracking of ALNT's progress in developing mission-critical motion solutions. Combine strategic insights with operational updates to stay informed about this precision engineering leader.
Allient Inc. (Nasdaq: ALNT), a global designer and manufacturer of precision Motion, Controls and Power products, has announced its second quarter 2024 financial results conference call and webcast. The company will release its Q2 2024 results after market close on Wednesday, August 7, 2024. A conference call and webcast to review the results will be held on Thursday, August 8, 2024, at 10:00 a.m. Eastern Time.
Investors can access the call by dialing (201) 389-0920 or via webcast on the company's investor relations website. A telephonic replay will be available until August 15, 2024, by dialing (412) 317-6671 with PIN 13746994. The webcast replay and transcript will also be available on Allient's website.
Allient (Nasdaq: ALNT) has appointed James A. Michaud as Chief Financial Officer, effective June 3, 2024. Michaud succeeds Michael R. Leach, who is retiring. With over 25 years of experience, Michaud has held senior roles in both public and private multinational companies, most recently at Elior North America. CEO Dick Warzala highlighted Michaud's expertise in business operations, risk management, and financial planning, noting his fit for Allient's goal of generating $1 billion in revenue. Michaud holds a B.S. in Accountancy from Bentley University and is a Certified Public Accountant.
Allient Inc. (ALNT) reported a first-quarter revenue of $146.7 million, showing a 1% increase over the prior year. The company experienced an 80 basis points expansion in gross margin and a 6% increase in operating income to $12.1 million. Net income per diluted share rose by 8% to $0.42. Adjusted net income per share reached $0.58, indicating a 5% growth. Allient generated $9.2 million in cash from operations, more than double the previous year's first quarter. The company's strategic actions for 2024 include footprint rationalization, simplification of customer interactions, and product development timeline reduction.
Allient Inc. (Nasdaq: ALNT) declared a quarterly cash dividend of $0.03 per share. The dividend payment is scheduled for June 6, 2024, to stockholders of record as of May 23, 2024.
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