Allient Reports Gross and Operating Margin Expansion on Revenue of $146.7 Million in First Quarter 2024
Allient Inc. (ALNT)
Company Research
Source: Business Wire
First quarter gross margin expanded 80 basis points to 32.3%Operating income increased 6% to $12.1 million with a margin of 8.2%, which was up 40 basis pointsNet income per diluted share increased 8% to $0.42; Adjusted net income per share was $0.58, up 5%Generated $9.2 million of cash from operations, more than double last year’s first quarter BUFFALO, N.Y.--(BUSINESS WIRE)--Allient Inc. (Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and manufacturer of precision and specialty Motion, Controls and Power products and solutions for targeted industries and applications, today reported financial results for its first quarter ended March 31, 2024. Results include the acquisitions of Sierramotion Inc. in September 2023 and SNC Manufacturing in January 2024.Dick Warzala, Chairman and CEO, commented, “Our first quarter performance is a testament to the resilience of our diversified business portfolio across various regions. Moreover, our commitment to operational excellenc
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 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
- Allient Inc. (NASDAQ: ALNT) had its "market perform" rating re-affirmed by analysts at Northland Securities. They now have a $40.00 price target on the stock, down previously from $45.00.MarketBeat