Allient Inc. (ALNT) Tops Q4 EPS by 23c, Beats on Revenue

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Go back to Allient Inc. (ALNT) Tops Q4 EPS by 23c, Beats on Revenue

Allient Reports 34% Operating Income Growth on Revenue of $578.6 Million in 2023

March 5, 2024 5:02 PM EST

Simplify to Accelerate sets strategic imperatives for 2024: footprint rationalization and organizational simplification, improved customer interaction, margin expansion and cash generation to reduce debt

2023 results validate strategic efforts to drive growth, margin expansion and cash flow Revenue increased 15% to record $578.6 million with organic growth of 13% on a constant currency basis Achieved record gross margin of 31.7% in 2023, 40 basis point expansion year over year Net income per diluted share increased 36% to $1.48; Adjusted net income per share was $2.30, up 22% for the year Generated a record $45.0 million of cash... More