Northland Downgrades Allient Inc. (ALNT) to Market Perform, '4Q23 Upside; FCF FY24 Focus'

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/5/2026

1. AMD
2. BKNG
3. DOX
4. AMGN
5. DUOL
6. ANET
7. SWKS
8. CVS
9. SPY
10. XYZ

Go back to Northland Downgrades Allient Inc. (ALNT) to Market Perform, '4Q23 Upside; FCF FY24 Focus'

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

Allient Declares Quarterly Cash Dividend

March 5, 2024 4:15 PM EST

BUFFALO, N.Y.--(BUSINESS WIRE)-- Allient Inc. (Nasdaq:... More