Overview
U.S. motion and controls maker's Q1 revenue rose 5%, slightly beating analyst expectations
Adjusted EPS for Q1 rose to $0.50 from $0.46 a year earlier
Company orders rose 15% yr/yr, with book-to-bill ratio at 1.14x
Outlook
Allient expects full-year 2026 capital expenditures of $12 mln to $15 mln
Company projects 2026 effective income tax rate of 21% to 23%
Allient says most backlog expected to convert to revenue within three to nine months
Result Drivers
INDUSTRIAL & VEHICLE DEMAND - Growth in industrial automation, power quality solutions, and commercial automotive drove revenue increases
FOREIGN CURRENCY IMPACT - Revenue growth benefited from a $5.1 mln favorable foreign currency translation effect
GROSS MARGIN GAINS - Margin expansion attributed to higher sales volume, improved product mix, and operational improvements
Company press release: ID:nBw81NltRa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$138.92 mln
$138.37 mln (5 Analysts)
Q1 EPS
$0.32
Q1 Net Income
$5.36 mln
Q1 Gross Profit
$45.38 mln
Q1 Operating Income
$9.32 mln
Q1 Pretax Profit
$6.78 mln
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
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 $72.00, about 7.7% below its May 5 closing price of $78.00
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 24 three months ago
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.)