ALLIENT INC

Allient Inc. reported strong financial performance for the second quarter of 2026, with revenues increasing 10.2% to $153.77 million and net income surging 85.0% to $10.39 million, resulting in diluted EPS of $0.61. The company continued its "Simplify to Accelerate NOW" restructuring initiative, incurring $641 thousand in costs for the quarter, with total anticipated costs of $2-3 million for 2026. Despite the strong income growth, net cash provided by operating activities for the six months ended June 30, 2026, significantly decreased by 47.6% to $20.13 million compared to the prior year.

Allient Inc. reported a significant increase in net income and earnings per share for the first quarter of 2026, alongside a modest rise in revenues. The company's net income surged by 50.6% to $5.36 million, with diluted EPS also increasing by 52.4% to $0.32. Revenues grew by 4.6% to $138.9 million, driven by strong performance in the Industrial, Vehicle, and Medical target markets. The company also continued its "Simplify to Accelerate NOW" restructuring initiative and reduced its long-term debt.