Allient Reports 34% Operating Income Growth on Revenue of $578.6 Million in 2023
Allient Inc. (ALNT)
Company Research
Source: Business Wire
“Simplify to Accelerate” sets strategic imperatives for 2024: footprint rationalization and organizational simplification, improved customer interaction, margin expansion and cash generation to reduce debt2023 results validate strategic efforts to drive growth, margin expansion and cash flowRevenue increased 15% to record $578.6 million with organic growth of 13% on a constant currency basisAchieved record gross margin of 31.7% in 2023, 40 basis point expansion year over yearNet income per diluted share increased 36% to $1.48; Adjusted net income per share was $2.30, up 22% for the yearGenerated a record $45.0 million of cash from operations in 2023 and reduced debt balance by $17.1 millionFourth quarter 2023 demonstrated continued progressRevenue grew 8% with organic growth of 6% on a constant currency basisGross margin expanded 40 basis points to 31.5%Fourth quarter net income per diluted share increased 13% to $0.26 per diluted share; Adjusted net income per diluted share improved
Show less
Read more
Impact Snapshot
Event Time:
ALNT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALNT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALNT alerts
High impacting Allient Inc. news events
Weekly update
A roundup of the hottest topics
ALNT
News
- Allient Reports Gross and Operating Margin Expansion on Revenue of $146.7 Million in First Quarter 2024Business Wire
- Allient Declares Quarterly Cash DividendBusiness Wire
- Micro Motor Market Size Expected to Reach USD 116.3 Bn by 2033 |The Rising Demand for Electronic Vehicles [Yahoo! Finance]Yahoo! Finance
- Allient Inc. Announces First Quarter 2024 Financial Results Conference Call and WebcastBusiness Wire
- Allient Inc. (NASDAQ: ALNT) had its price target raised by analysts at Roth Mkm from $38.00 to $42.00. They now have a "buy" rating on the stock.MarketBeat