-- Fourth quarter results reflect revenue growth, margin expansion and
order momentum
-- Revenue increased 17% to $143.4 million, including 15% organic
growth on a constant currency basis; orders rose 9% sequentially,
with book-to-bill of 1.01
-- Gross margin expanded 90 basis points to 32.4%, while operating
income increased 76% to $11.4 million, or 7.9% of revenue, up 260
basis points
-- Diluted EPS was $0.38, more than double the prior year, with
adjusted EPS of $0.55; Adjusted EBITDA increased 35% to $19.0
million, with the margin expanding 170 basis points to 13.3%
-- 2025 performance demonstrates disciplined execution and strengthened
financial position
-- Revenue totaled $554.5 million, up 5%, with record gross margin
of 32.8%, expanding 150 basis points; operating income increased
46% to $44.0 million
-- Simplify to Accelerate NOW program identified and initiated
actions to deliver over $6 million in annualized savings in 2025
-- Generated a record $56.7 million of cash from operations, up 35%
year-over-year
-- Net debt declined by $48.4 million year-over-year, with the
leverage ratio improving significantly to 1.82x, as described in
the reconciliation of non-GAAP financial measures
BUFFALO, N.Y.--(BUSINESS WIRE)--March 05, 2026--
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 fourth quarter and year ended December 31, 2025.
"2025 was an important year for Allient as we delivered strong performance in the fourth quarter and meaningful improvement across key financial metrics for the full year," commented Dick Warzala, Chairman and CEO. "Our 17% revenue growth in the fourth quarter, combined with strong operating leverage, reflects increased demand in our served Industrial Markets and disciplined execution across our other targeted growth verticals. The continued benefits of our Simplify to Accelerate NOW initiative drove operational efficiencies, contributing to sustainable margin expansion. For the full year, we achieved record gross margin of 32.8%, increased operating income 46%, and generated record cash from operations of $56.7 million, reflecting improved earnings and working capital discipline."
Mr. Warzala continued, "We also made significant progress strengthening the balance sheet, reducing net debt by $48.4 million and improving leverage to 1.82x. This improved leverage profile provides additional capacity to invest in organic growth initiatives, support new program launches and pursue disciplined capital allocation opportunities.
"Looking ahead to 2026, we believe we are well positioned to build on this momentum. Order trends exiting the year, improving automation demand and continued traction in power quality solutions supporting data center infrastructure reinforce our confidence in the secular drivers of electrification, automation and energy efficiency. While we remain mindful of macroeconomic variability in certain end markets, our diversified portfolio, improved cost structure and enhanced financial flexibility support disciplined growth and long-term value creation."
Fourth Quarter 2025 Results (Narrative compares with prior-year period unless otherwise noted)
Revenue increased 17%, or $21.3 million, to $143.4 million, reflecting increased demand in the Industrial market and solid performance across several of the Company's targeted growth verticals. Foreign currency translation provided a favorable impact of $3.7 million; on a constant currency basis, revenue grew 15% organically. See the attached table for a description of non-GAAP financial measures and reconciliation of revenue excluding foreign currency exchange rate fluctuations.
Sequentially, revenue increased 3%, reflecting continued momentum exiting the year. Sales to U.S. customers represented 56% of total revenue compared with 54% in the fourth quarter of last year, with the remaining sales primarily generated in Europe, Canada and Asia-Pacific. The Company continues to benefit from its diversified geographic footprint and balanced exposure across end markets.
Market Performance:
-- Industrial revenue increased 24%, driven by strengthening industrial
automation demand and improving order patterns, returning to more
normalized run rates. Additionally, strong demand for power quality
solutions supporting data center infrastructure provided meaningful
tailwinds, more than offsetting softer conditions in oil and gas. These
trends reflect continued alignment with long-term secular drivers,
including electrification, automation and energy efficiency.
-- Vehicle market sales rose 35%, primarily due to increased commercial
automotive shipments related to a transitioning model program. The
step-up in demand is not indicative of a new structural run rate. Sales
also benefited from strengthening construction and powersports demand,
which appear to have stabilized following prior softness.
-- Medical revenue increased 9%, supported by steady demand for surgical
instruments and continued traction in precision motion solutions for
medical applications. The Company remains well positioned in this market
given its engineering capabilities and long-standing customer
relationships.
-- Aerospace & Defense revenue declined 5%, reflecting the typically lumpy
nature of scheduled defense and aerospace program shipments. Demand
fundamentals remain intact, with solid underlying program activity,
partially offset by the M10 Booker Tank program cancellation announced
last quarter. The Company continues to view A&D as a strategic growth
vertical supported by long-cycle program visibility.
-- Distribution channel sales, while representing a smaller portion of
total revenue, were up 11%.
Gross margin expanded 90 basis points year-over-year to 32.4%, driven by higher volumes, a favorable product mix, and continued operational efficiencies realized under the Company's Simplify to Accelerate NOW strategy. Sequentially, gross margin declined 90 basis points, reflecting a higher proportion of vehicle market sales during the quarter, which carry comparatively lower margins.
Operating costs and expenses were 24.5% of revenue, representing a 170 basis point improvement compared with the same period last year. The year-over-year reduction reflects operating leverage on increased volumes and ongoing savings initiatives. Sequentially, operating expenses as a percentage of revenue held consistent, primarily due to higher incentive compensation tied to the Company's strong full-year performance.
As a result, operating income increased 76% to $11.4 million, or 7.9% of revenue, compared with $6.4 million, or 5.3% of revenue, in the prior-year period, demonstrating significant operating margin expansion. Sequentially, operating income declined 7%, with operating margin decreasing 90 basis points, reflecting the combined impact of product mix and higher incentive compensation.
The effective income tax rate was 26.2% for the fourth quarter of 2025 compared with 22.6% in the prior-year period, primarily reflecting income mix and foreign withholding taxes.
Net income more than doubled to $6.4 million, or $0.38 per diluted share, compared with $3.0 million, or $0.18 per diluted share, in the prior-year period. Sequentially, net income was down marginally from $6.5 million, or $0.39 per diluted share. Adjusted net income, which excludes amortization of intangible assets related to acquisitions, acquisition and integration-related costs, restructuring and business realignment costs, and other non-recurring items, was $9.3 million, or $0.55 per diluted share. This represents an increase of 78% compared with $5.2 million, or $0.31 per diluted share, in the fourth quarter of 2024, and compares with $9.9 million, or $0.59 per diluted share, in the third quarter of 2025. See the attached tables for a description of non-GAAP financial measures and reconciliation table for Adjusted Net Income and Diluted Earnings per Share.
Earnings before interest, taxes, depreciation, amortization, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, and foreign currency gains/losses ("Adjusted EBITDA") was $19.0 million, or 13.3% of revenue, compared with $14.1 million, or 11.6% of revenue, in the prior-year period, and compares with $20.3 million, or 14.6% of revenue, in the third quarter of 2025. The Company believes that, when used in conjunction with measures prepared in accordance with U.S. generally accepted accounting principles, Adjusted EBITDA, which is a non-GAAP measure, helps in the understanding of its operating performance. See the attached table for a description of non-GAAP financial measures and reconciliation table for Adjusted EBITDA.
Full Year 2025 Results (Narrative compares with prior-year period unless otherwise noted)
Revenue for the full year totaled $554.5 million, an increase of $24.5 million, or 5%, compared with the prior year. Foreign currency exchange rate fluctuations favorably impacted revenue by $6.5 million; on a constant currency basis, revenue increased 3% organically.
Growth was led by the Industrial market, which increased 8%, driven by continued traction in power quality solutions supporting data center infrastructure. Aerospace & Defense revenue also advanced 8%, reflecting solid program execution and sustained demand across defense and aerospace platforms. Medical revenue rose 5% on steady surgical instrument demand. Vehicle market sales declined 6% year-over-year, reflecting softer powersports conditions, partially offset by strength in commercial automotive and construction.
Sales to U.S. customers represented 55% of total revenue, consistent with the prior year, with the balance of sales primarily generated in Europe, Canada and Asia-Pacific.
Gross margin for the full year was 32.8%, an increase of 150 basis points compared with the prior year and a record level for a full-year period. The improvement was driven primarily by higher volumes, a favorable product mix, and continued benefits from the Company's Simplify to Accelerate NOW strategy.
Operating costs and expenses were 24.8% of revenue, compared with 25.6% last year, reflecting leverage on higher sales as well as ongoing savings and efficiencies generated through the Simplify initiatives. As a result, operating income increased 46% to $44.0 million, or 7.9% of sales, compared with $30.0 million, or 5.7% of sales, in the prior year.
Restructuring and business realignment costs totaled $4.0 million for the year. The Company had previously estimated total costs related to the Dothan transition at approximately $5.0 million; the lower actual spend reflects that the transition will continue into 2026.
Net income was $22.0 million, or $1.32 per diluted share, compared with $13.2 million, or $0.79 per diluted share. The effective tax rate was 23.3% in 2025 compared with 21.9% in 2024. The Company expects its income tax rate for the full year 2026 to be approximately 21% to 23%.
Excluding amortization of intangible assets related to acquisitions, business development costs and other non-recurring items, adjusted net income increased 47% to $36.3 million, or $2.17 per diluted share, compared with $24.7 million, or $1.49 per diluted share, in 2024.
Adjusted EBITDA was $76.9 million, and as a percentage of revenue was 13.9%, up 210 basis points.
Balance Sheet and Cash Flow Review
Cash and cash equivalents increased 13% to $40.7 million, compared with $36.1 million at year-end 2024, reflecting continued improvement in liquidity. Full-year cash provided by operating activities rose 35% to $56.7 million, up from $41.9 million in the prior year, driven by higher net income and improved working capital management.
Capital expenditures totaled $7.0 million in 2025, primarily supporting new customer programs, compared with $9.7 million in 2024. The Company expects 2026 capital expenditures to range between $10 million and $12 million.
Total debt declined to $180.4 million, representing a $9.9 million reduction from the sequential third quarter and a $43.8 million decrease since year-end 2024. Debt, net of cash, decreased to $139.7 million, resulting in a net debt-to-capitalization ratio of 31.7%.
The Company's leverage ratio, defined as total net debt divided by trailing twelve months Adjusted EBITDA, improved significantly to 1.82x from 3.01x at December 31, 2024. The bank leverage ratio, as defined under the Company's credit agreement and excluding foreign cash and certain other adjustments, was 2.34x at year-end, well within covenant requirements. See the attached table for a description of non-GAAP financial measures and reconciliation table for Total Net Debt and Leverage Ratio.
Orders and Backlog Summary ($ in thousands)
Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
-------- -------- -------- -------- --------
Orders $145,088 $133,119 $135,032 $137,622 $117,900
Backlog $232,925 $230,984 $236,586 $237,323 $230,788
Fourth quarter orders increased 9% sequentially, reflecting steady demand across Industrial market applications, continued strength in Aerospace & Defense, and solid commercial automotive activity within the Vehicle market. On a year-over-year basis, orders rose 23%, driven by broad-based demand across end markets. Fourth quarter orders resulted in a book-to-bill ratio of 1.01, underscoring sustained order momentum. Foreign currency translation provided a favorable impact of $3.4 million compared with the prior-year period.
For full year 2025, orders totaled $550.9 million, an increase of $70.8 million or 15%, compared with 2024. Foreign currency translation provided a favorable impact of $6.4 million compared with the full year 2024.
The majority of the backlog is expected to convert to revenue within three to nine months, consistent with the Company's historical conversion patterns.
Conference Call and Webcast
The Company will host a conference call and webcast on Friday, March 6, 2026, at 10:00 am ET. During the conference call, management will review the financial and operating results and discuss Allient's corporate strategy and outlook. A question-and-answer session will follow.
To listen to the live call, dial (412) 634-6879. In addition, the webcast and slide presentation may be found at: www.allient.com/investors.
A telephonic replay will be available from 2:00 pm ET on the day of the call through Friday, March 20, 2026. To listen to the archived call, dial (412) 317-6671 and enter replay pin number 10205461 or access the webcast replay via the Company's website. A transcript will also be posted to the website once available.
About Allient Inc.
Allient (Nasdaq: ALNT) is a global engineering and manufacturing enterprise that develops solutions to drive the future of market-moving industries, including medical, life sciences, aerospace and defense, industrial automation, robotics, semi-conductor, transportation, agriculture, construction and facility infrastructure. A family of globally responsible companies, Allient takes a One-Team approach to "Connect What Matters" and provides the most robust, reliable, and high-value products and systems by utilizing its core Motion, Controls, and Power technologies and platforms.
Headquartered in Buffalo, N.Y., Allient employs more than 2,500 team members around the world. To learn more, visit www.allient.com.
Safe Harbor Statement
The statements in this news release that relate to future plans, events or performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements. Examples of forward-looking statements include, among others, statements the Company makes regarding expected savings from restructuring and simplifying actions, the cost of implementing such actions, operating results, expectations for the level of sales, the Company's belief that it has sufficient liquidity to fund its business operations, and expectations with respect to the conversion of backlog to sales. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company's current beliefs, expectations and assumptions regarding the future of the Company's business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company's control. The Company's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, general economic and business conditions, conditions affecting the industries served by the Company and its subsidiaries, conditions affecting the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the pace of bookings relative to shipments, the ability to expand into new markets and geographic regions, the success in acquiring new business, the impact of changes in income tax rates or policies, commercial activity and demand across our and our customers' businesses, global supply chains, the prices of our securities and the achievement of our strategic objectives, the ability to attract and retain qualified personnel, the ability to successfully integrate an acquired business into our business model without substantial costs, delays, or problems, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict the occurrence of those matters or the manner in which they may affect us. The Company has no obligation or intent to release publicly any revisions to any forward looking statements, whether as a result of new information, future events, or otherwise.
FINANCIAL TABLES FOLLOW
ALLIENT INC.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except per share data)
(Unaudited)
For the three
months ended For the year ended
------------------ ------------------
December 31, December 31,
------------------ ------------------
2025 2024 2025 2024
-------- -------- -------- --------
Revenue $143,354 $122,010 $554,478 $529,968
Cost of goods sold 96,934 83,636 372,769 364,277
------- ------- ------- -------
Gross profit 46,420 38,374 181,709 165,691
Operating costs and
expenses:
Selling 6,267 6,027 24,524 25,310
General and
administrative 15,489 13,231 57,853 55,669
Engineering and
development 9,651 9,345 38,836 39,761
Acquisition and
integration-related
costs 7 189 47 445
Restructuring and
business realignment
costs 536 23 3,993 1,971
Amortization of
intangible assets 3,121 3,116 12,471 12,497
------- ------- ------- -------
Total operating costs and
expenses 35,071 31,931 137,724 135,653
------- ------- ------- -------
Operating income 11,349 6,443 43,985 30,038
Other expense, net:
Interest expense 2,587 3,089 13,175 13,296
Other expense
(income), net 112 (521) 2,076 (116)
------- ------- ------- -------
Total other expense, net 2,699 2,568 15,251 13,180
------- ------- ------- -------
Income before income
taxes 8,650 3,875 28,734 16,858
Income tax provision (2,267) (862) (6,700) (3,692)
------- ------- ------- -------
Net income $ 6,383 $ 3,013 $ 22,034 $ 13,166
======= ======= ======= =======
Basic earnings per share:
Earnings per share $ 0.38 $ 0.18 $ 1.32 $ 0.80
======= ======= ======= =======
Basic weighted
average common
shares 16,701 16,581 16,669 16,529
======= ======= ======= =======
Diluted earnings per
share:
Earnings per share $ 0.38 $ 0.18 $ 1.32 $ 0.79
======= ======= ======= =======
Diluted weighted
average common
shares 16,803 16,608 16,732 16,603
======= ======= ======= =======
ALLIENT INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31,
-------------------
2025 2024
-------- ---------
Assets
Current assets:
Cash and cash equivalents $ 40,705 $ 36,102
Trade receivables, net of provision for
credit losses of $887 and $1,628 at December
31, 2025 and December 31, 2024,
respectively 88,775 78,774
Inventories 109,198 111,517
Prepaid expenses and other assets 14,759 11,187
------- --------
Total current assets 253,437 237,580
Property, plant, and equipment, net 61,771 65,685
Deferred income taxes 10,509 9,116
Intangible assets, net 88,391 99,671
Goodwill 134,332 131,789
Operating lease assets 21,030 23,748
Other long-term assets 8,125 8,192
------- --------
Total Assets $577,595 $ 575,781
======= ========
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 28,433 $ 27,156
Accrued liabilities 40,890 30,221
------- --------
Total current liabilities 69,323 57,377
Long-term debt 180,389 224,177
Deferred income taxes 3,241 3,642
Pension and post-retirement obligations 1,239 1,667
Operating lease liabilities 16,431 19,417
Other long-term liabilities 5,517 4,647
------- --------
Total liabilities 276,140 310,927
Stockholders' Equity:
Common stock, no par value, authorized 50,000
shares; 16,936 and 16,810 shares issued and
outstanding at December 31, 2025 and
December 31, 2024, respectively 113,936 111,024
Preferred stock, par value $1.00 per share,
authorized 5,000 shares; no shares issued or
outstanding -- --
Retained earnings 197,046 177,013
Accumulated other comprehensive loss (9,527) (23,183)
------- --------
Total stockholders' equity 301,455 264,854
------- --------
Total Liabilities and Stockholders' Equity $577,595 $ 575,781
======= ========
ALLIENT INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
For the year ended
------------------------------
December 31, December 31,
2025 2024
-------------- --------------
Cash Flows From Operating Activities:
Net income $ 22,034 $ 13,166
Adjustments to reconcile net income to net
cash provided by operating activities
Depreciation and amortization 25,407 25,891
Deferred income taxes (1,795) (2,353)
Provision for excess and obsolete
inventory 3,891 4,943
Stock-based compensation expense 3,430 4,147
Debt issue cost amortization recorded
in interest expense 648 534
Other 610 (119)
Changes in operating assets and
liabilities, net of acquisitions:
Trade receivables (7,893) 7,455
Inventories 3,318 7,358
Prepaid expenses and other assets (2,709) 2,412
Accounts payable 175 (12,755)
Accrued liabilities 9,559 (8,829)
---------- ----------
Net cash provided by operating activities 56,675 41,850
Cash Flows From Investing Activities:
Consideration paid for acquisitions,
net of cash acquired -- (25,231)
Purchase of property and equipment (6,989) (9,683)
---------- ----------
Net cash used in investing activities (6,989) (34,914)
Cash Flows From Financing Activities:
Proceeds from issuance of long-term
debt -- 76,898
Principal payments of long-term debt
and finance lease obligations (44,448) (68,433)
Payment of contingent consideration -- (2,450)
Payment of debt issuance costs (44) (3,154)
Dividends paid to stockholders (2,001) (1,981)
Tax withholdings related to net share
settlements of restricted stock (1,203) (1,723)
---------- ----------
Net cash used in financing activities (47,696) (843)
Effect of foreign exchange rate changes on
cash 2,613 (1,892)
---------- ----------
Net increase in cash and cash equivalents 4,603 4,201
Cash and cash equivalents at beginning of
period 36,102 31,901
---------- ----------
Cash and cash equivalents at end of period $ 40,705 $ 36,102
========== ==========
ALLIENT INC.
Reconciliation of Non-GAAP Financial Measures
(In thousands, Unaudited)
In addition to reporting revenue and net income, which are U.S. generally accepted accounting principle ("GAAP") measures, the Company presents Revenue excluding foreign currency exchange rate impacts, Organic revenue, EBITDA and Adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, and foreign currency gains/losses), total net debt, and leverage ratio, which are non-GAAP measures.
The Company believes that Revenue excluding foreign currency exchange rate impacts is a useful measure in analyzing organic sales results. The Company excludes the effect of currency translation from revenue for this measure because currency translation is not fully under management's control, is subject to volatility and can obscure underlying business trends. The portion of revenue attributable to currency translation is calculated as the difference between the current period revenue and the current period revenue after applying foreign exchange rates from the prior period. Organic revenue is reported revenues adjusted for the impact of foreign currency and the revenue contribution from acquisitions.
The Company believes EBITDA and Adjusted EBITDA are often a useful measure of a Company's operating performance and are a significant basis used by the Company's management to evaluate and compare the core operating performance of its business from period to period by removing the impact of the capital structure (interest), tangible and intangible asset base (depreciation and amortization), taxes, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, foreign currency gains/losses on short-term assets and liabilities, and other items that are not indicative of the Company's core operating performance. EBITDA and Adjusted EBITDA do not represent and should not be considered as an alternative to net income, operating income, net cash provided by operating activities or any other measure for determining operating performance or liquidity that is calculated in accordance with GAAP. In addition to the performance measures identified above, we believe that total net debt and leverage ratio provide meaningful measures of liquidity and a useful basis for assessing our ability to fund our activities, including the financing of acquisitions and debt repayments. Total net debt is calculated as total debt less cash and cash equivalents. Leverage ratio is total net debt divided by adjusted EBITDA for the trailing twelve months.
The Company's calculation of Revenue excluding foreign currency exchange impacts for the three and twelve months ended December 31, 2025 is as follows:
Three Months Ended Twelve Months Ended
December 31, 2025 December 31, 2025
---------------------- -----------------------
Revenue as reported $ 143,354 $ 554,478
Less: Foreign currency
impact (3,659) (6,481)
-------------- --- --------------
Revenue excluding foreign
currency exchange
impacts $ 139,695 $ 547,997
============== === ==============
The Company's calculation of organic revenue for the three and twelve months ended December 31, 2025 is as follows:
Three months ended Twelve months ended
December 31, 2025 December 31, 2025
-------------------- ---------------------
Revenue change over prior
year 17.5% 4.6%
Less: Impact of acquisitions
and foreign currency (3.0) (1.4)
------------- ----- -------------- -----
Organic revenue 14.5% 3.2%
============= ==== ============== ====
ALLIENT INC.
Reconciliation of Non-GAAP Financial Measures
(In thousands, Unaudited)
The Company's calculation of Adjusted EBITDA for the three and twelve months ended December 31, 2025 and 2024 is as follows:
Three months ended Twelve months ended
December 31, December 31,
------------------- -------------------
2025 2024 2025 2024
---------- ------- ---------- -------
Net income as reported $ 6,383 $ 3,013 $ 22,034 $13,166
Interest expense 2,587 3,089 13,175 13,296
Provision for income
tax 2,267 862 6,700 3,692
Depreciation and
amortization 6,302 6,643 25,407 25,891
------ ------ ------ ------
EBITDA 17,539 13,607 67,316 56,045
Stock-based
compensation
expense 840 765 3,430 4,147
Acquisition and
integration-related
costs 7 189 47 445
Restructuring and
business realignment
costs 536 23 3,993 1,971
Foreign currency
loss/(gain) 105 (464) 2,079 (83)
------ ------ ------ ------
Adjusted EBITDA $ 19,027 $14,120 $ 76,865 $62,525
====== ====== ====== ======
The Company's calculation of Total Net Debt and Leverage Ratio as of December 31, 2025 and December 31, 2024 is as follows:
December 31, 2025 December 31, 2024
------------------- -------------------
Total debt $ 180,389 $ 224,177
Less: cash and cash equivalents $ 40,705 $ 36,102
--- -------------- --- --------------
Total net debt (Non-GAAP) $ 139,684 $ 188,075
Adjusted EBITDA (Non-GAAP) $ 76,865 $ 62,525
Leverage Ratio (Non-GAAP) 1.82 3.01
ALLIENT INC.
Reconciliation of GAAP Net Income and Diluted Earnings per Share to
Non-GAAP Adjusted Net Income and Adjusted Diluted Earnings per Share
(In thousands, except per share data)
(Unaudited)
The Company's calculation of Adjusted net income and Adjusted diluted earnings per share for the three and twelve months ended December 31, 2025 and 2024 is as follows:
For the three months ended
December 31,
----------------------------------
Per Per
diluted diluted
2025 share 2024 share
------ --------- ------ -------
Net income as reported $6,383 $ 0.38 $3,013 $ 0.18
Non-GAAP adjustments,
net of tax (1)
Amortization of
intangible assets --
net 2,391 0.14 2,387 0.14
Foreign currency loss /
(gain) -- net 80 0.01 (355) (0.02)
Acquisition and
integration-related
costs -- net 5 -- 145 0.01
Restructuring and
business realignment
costs -- net 412 0.02 18 --
----- -------- ----- ------
Non-GAAP adjusted net
income and adjusted
diluted earnings per
share $9,271 $ 0.55 $5,208 $ 0.31
===== ======== ===== ======
Weighted average diluted
shares outstanding 16,803 16,608
____________________
(1) Applies a blended federal, state, and foreign tax rate of 23%
applicable to the non-GAAP adjustments.
For the twelve months ended
December 31,
------------------------------------
Per Per
diluted diluted
2025 share 2024 share
------- -------- ------- --------
Net income as reported $22,034 $ 1.32 $13,166 $ 0.79
Non-GAAP adjustments,
net of tax (1)
Amortization of
intangible assets --
net 9,553 0.57 9,726 0.59
Foreign currency loss
/ (gain) -- net 1,592 0.10 (64) --
Acquisition and
integration-related
costs -- net 36 -- 341 0.02
Restructuring and
business realignment
costs -- net 3,059 0.18 1,510 0.09
------ ------- ------ -------
Non-GAAP adjusted net
income and adjusted
diluted earnings per
share $36,274 $ 2.17 $24,679 $ 1.49
====== ======= ====== =======
Weighted average
diluted shares
outstanding 16,732 16,603
____________________
(1) Applies a blended federal, state, and foreign tax rate of 23%
applicable to the non-GAAP adjustments.
Adjusted net income and diluted EPS are defined as net income as reported, adjusted for certain items, including amortization of intangible assets and unusual non-recurring items. Adjusted net income and diluted EPS are not a measure determined in accordance with GAAP in the United States, and may not be comparable to the measure as used by other companies. Nevertheless, the Company believes that providing non-GAAP information, such as adjusted net income and diluted EPS are important for investors and other readers of the Company's financial statements and assists in understanding the comparison of the current quarter's and current year's net income and diluted EPS to the historical periods' net income and diluted EPS.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260305746391/en/
CONTACT: Investor Contacts:
Craig P. Mychajluk / Deborah K. Pawlowski
Alliance Advisors IR
716-843-3832 / 716-843-3908
cmychajluk@allianceadvisors.com / dpawlowski@allianceadvisors.com
(END) Dow Jones Newswires
March 05, 2026 16:23 ET (21:23 GMT)
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