Allient reports Q1 EPS 42c, consensus 47c

Reports Q1 revenue $146.7M, consensus $144.3M. 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 excellence and cost management has bolstered our margins and fueled bottom-line growth along with strong cash flow generation. Given improved lead times, customer order patterns are normalizing to a pre-pandemic environment and excess supply is being taken out of the channel, which has had an impact on order rates. Currently, demand from our end markets is mixed, reflecting the various states of supply normalization within each market, with some pockets of weakness in Europe. With the introduction of our new strategic mantra, Simplify to Accelerate NOW, we are embarking on a journey to streamline our organizational structure and excising redundancy to optimize all of our operations. By consolidating our brands under the banners of Motion, Controls, and Power, we will ensure a unified approach, enhance clarity in the market, and more effectively serve our diverse global customers.”