Allient Q3 revenue rises 18%, beats analyst estimates
Overview
US motion products maker's Q3 revenue rose 18%, beating analyst expectations
Adjusted net income and EPS rose sharply, driven by higher volume and operational improvements
Company reported record orders and backlog, led by industrial and aerospace & defense demand
Outlook
Allient expects full-year 2026 capital expenditures of $12 mln to $15 mln
Company anticipates 2026 income tax rate of 21% to 23%
Allient says record backlog provides improved visibility into Q4 2026 and early 2027
Result Drivers
HIGHER VOLUME AND MIX - Co said increased sales volume and a favorable product mix contributed to higher revenue and gross margin
INDUSTRIAL, VEHICLE, AND AEROSPACE & DEFENSE DEMAND - Co cited continued demand in industrial automation, stronger commercial automotive shipments, and increased defense-related orders as key market drivers
OPERATIONAL IMPROVEMENTS - Co attributed improved profitability to operational improvements under its Simplify to Accelerate NOW (STAN) initiative
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $164.40 mln | $153.87 mln (5 Analysts) |
Q3 EPS | $0.91 | ||
Q3 Net Income | $15.33 mln | ||
Q3 Gross Profit | $60.19 mln | ||
Q3 Operating Income | $22.30 mln | ||
Q3 Pretax Profit | $19.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Allient Inc is $125.00, about 42% above its November 3 closing price of $88.02
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 31 three months ago
Reuters Recommended Reads
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)