- \n
- Fourth quarter results reflect revenue growth, margin expansion and order momentum<\/i>\n
- \n
- 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<\/i><\/li>\n
- 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<\/i><\/li>\n
- 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%<\/i><\/li>\n<\/ul>\n<\/li>\n
- 2025 performance demonstrates disciplined execution and strengthened financial position<\/i>\n
- \n
- Revenue totaled $554.5 million, up 5%, with record gross margin of 32.8%, <\/i>expanding 150 basis points; operating income increased 46% to $44.0 million<\/i><\/li>\n
- Simplify to Accelerate NOW program identified and initiated actions to deliver over $6 million in annualized savings in 2025<\/i><\/li>\n
- Generated a record $56.7 million of cash from operations, up 35% year-over-year<\/i><\/li>\n
- 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<\/i><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
BUFFALO, N.Y.–(BUSINESS WIRE<\/a>)–Allient Inc.<\/a> (Nasdaq: ALNT) (\u201cAllient\u201d or the \u201cCompany\u201d), 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.<\/p>\n
\n\u201c2025 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,\u201d commented Dick Warzala, Chairman and CEO. \u201cOur 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.\u201d<\/p>\n
\nMr. Warzala continued, \u201cWe 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.<\/p>\n
\n\u201cLooking 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.\u201d<\/p>\n
Fourth Quarter 2025 Results <\/b>(Narrative compares with prior-year period unless otherwise noted)<\/i><\/p>\n
\nRevenue 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\u2019s 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.<\/i><\/p>\n
\nSequentially, 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.<\/p>\n
Market Performance:<\/i><\/p>\n
- \n
- \nIndustrial 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.<\/p>\n<\/li>\n
- \nVehicle 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.<\/p>\n<\/li>\n
- \nMedical 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.<\/p>\n<\/li>\n
- \nAerospace & 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.<\/p>\n<\/li>\n
- \nDistribution channel sales, while representing a smaller portion of total revenue, were up 11%.<\/p>\n<\/li>\n<\/ul>\n
\nGross 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\u2019s 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.<\/p>\n
\nOperating 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\u2019s strong full-year performance.<\/p>\n
\nAs 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.<\/p>\n
\nThe 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.<\/p>\n
\nNet 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.<\/i><\/p>\n
\nEarnings before interest, taxes, depreciation, amortization, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, and foreign currency gains\/losses (\u201cAdjusted EBITDA\u201d) 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.<\/i><\/p>\n
Full Year 2025 Results <\/b>(Narrative compares with prior-year period unless otherwise noted)<\/i><\/p>\n
\nRevenue 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.<\/p>\n
\nGrowth 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.<\/p>\n
\nSales 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.<\/p>\n
\nGross 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\u2019s Simplify to Accelerate NOW strategy.<\/p>\n
\nOperating 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.<\/p>\n
\nRestructuring 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.<\/p>\n
\nNet 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%.<\/p>\n
\nExcluding 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.<\/p>\n
\nAdjusted EBITDA was $76.9 million, and as a percentage of revenue was 13.9%, up 210 basis points.<\/p>\n
Balance Sheet and Cash Flow Review<\/b><\/p>\n
\nCash 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.<\/p>\n
\nCapital 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.<\/p>\n
\nTotal 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 $139.7 million, resulting in a net debt-to-capitalization ratio of 31.7%.<\/p>\n
\nThe Company\u2019s leverage ratio, defined as total net debt divided by trailing twelve months Adjusted EBITDA, improved significantly to 1.82x from 3.01x at December 31, 2024. The bank leverage ratio, as defined under the Company\u2019s credit agreement and excluding foreign cash and certain other adjustments, was 2.34x at year-end, well within covenant requirements. See the attached table for a description of non-GAAP financial measures and reconciliation table for Total Net Debt and Leverage Ratio.<\/i><\/p>\n
Orders and Backlog Summary <\/b>($ in thousands)<\/i><\/p>\n
\n
\n \n \n \n Q4 2025<\/span><\/b><\/p>\n<\/td>\n
\n \n Q3 2025<\/span><\/b><\/p>\n<\/td>\n
\n \n Q2 2025<\/span><\/b><\/p>\n<\/td>\n
\n \n Q1 2025<\/span><\/b><\/p>\n<\/td>\n
\n \n Q4 2024<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nOrders<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n145,088<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n133,119<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n135,032<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n137,622<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n117,900<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBacklog<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n232,925<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n230,984<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n236,586<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n237,323<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n230,788<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\nFourth 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.<\/p>\n
\nFor 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.<\/p>\n
\nThe majority of the backlog is expected to convert to revenue within three to nine months, consistent with the Company\u2019s historical conversion patterns.<\/p>\n
Conference Call and Webcast<\/b><\/p>\n
\nThe 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\u2019s corporate strategy and outlook. A question-and-answer session will follow.<\/p>\n
\nTo 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>.<\/p>\n
\nA 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\u2019s website. A transcript will also be posted to the website once available.<\/p>\n
About Allient Inc.<\/b><\/p>\n
\nAllient (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 \u201cConnect What Matters\u201d and provides the most robust, reliable, and high-value products and systems by utilizing its core Motion, Controls, and Power technologies and platforms.<\/p>\n
\n
\n \n ALLIENT INC.<\/b><\/p>\n
CONDENSED CONSOLIDATED STATEMENTS OF INCOME<\/b><\/p>\n
(In thousands, except per share data)<\/i><\/b><\/p>\n
(Unaudited)<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n For the three months ended<\/b><\/p>\n<\/td>\n
\n \n For the year ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n December 31,<\/b><\/p>\n<\/td>\n
\n \n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2024<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenue<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n143,354<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n122,010<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n554,478<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n529,968<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCost of goods sold<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n96,934<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n83,636<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n372,769<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n364,277<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGross profit<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n46,420<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n38,374<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n181,709<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n165,691<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating costs and expenses:<\/p>\n<\/td>\n
\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \nSelling<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n6,267<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n6,027<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n24,524<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n25,310<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGeneral and administrative<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n15,489<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n13,231<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n57,853<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n55,669<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEngineering and development<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n9,651<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n9,345<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n38,836<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n39,761<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAcquisition and integration-related costs<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n7<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n189<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n47<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n445<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRestructuring and business realignment costs<\/p>\n<\/td>\n
\n \n \n536<\/p>\n<\/td>\n
\n \n \n \n23<\/p>\n<\/td>\n
\n \n \n \n3,993<\/p>\n<\/td>\n
\n \n \n \n1,971<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAmortization of intangible assets<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n3,121<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n3,116<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n12,471<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n12,497<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal operating costs and expenses<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n35,071<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n31,931<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n137,724<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n135,653<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating income<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n11,349<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n6,443<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n43,985<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n30,038<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther expense, net:<\/p>\n<\/td>\n
\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \nInterest expense<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,587<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n3,089<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n13,175<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n13,296<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther expense (income), net<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n112<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(521)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,076<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(116)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal other expense, net<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,699<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,568<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n15,251<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n13,180<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome before income taxes<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n8,650<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n3,875<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n28,734<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n16,858<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIncome tax provision<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(2,267)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(862)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(6,700)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(3,692)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n6,383<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n3,013<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n22,034<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n13,166<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBasic earnings per share:<\/p>\n<\/td>\n
\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \nEarnings per share<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.38<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.18<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n1.32<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.80<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBasic weighted average common shares<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n16,701<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n16,581<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n16,669<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n16,529<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDiluted earnings per share:<\/p>\n<\/td>\n
\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \nEarnings per share<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.38<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.18<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n1.32<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.79<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDiluted weighted average common shares<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n16,803<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n16,608<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n16,732<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n16,603<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n ALLIENT INC.<\/b><\/p>\n
CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/p>\n
(In thousands, except per share data)<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Assets<\/b><\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nCurrent assets:<\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nCash and cash equivalents<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n40,705<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n36,102<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTrade receivables, net of provision for credit losses of $887 and $1,628 at December 31, 2025 and December 31, 2024, respectively<\/p>\n<\/td>\n
\n \n \n \n88,775<\/p>\n<\/td>\n
\n \n \n \n78,774<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInventories<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n109,198<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n111,517<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPrepaid expenses and other assets<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n14,759<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n11,187<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal current assets<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n253,437<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n237,580<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProperty, plant, and equipment, net<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n61,771<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n65,685<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDeferred income taxes<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n10,509<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n9,116<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIntangible assets, net<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n88,391<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n99,671<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGoodwill<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n134,332<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n131,789<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating lease assets<\/p>\n<\/td>\n
\n \n \n \n21,030<\/p>\n<\/td>\n
\n \n \n \n23,748<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther long-term assets<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n8,125<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n8,192<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal Assets<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n577,595<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n575,781<\/p>\n<\/td>\n<\/tr>\n
\n \n Liabilities and Stockholders\u2019 Equity<\/b><\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nCurrent liabilities:<\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nAccounts payable<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n28,433<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n27,156<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccrued liabilities<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n40,890<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n30,221<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal current liabilities<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n69,323<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n57,377<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLong-term debt<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n180,389<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n224,177<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDeferred income taxes<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n3,241<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n3,642<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPension and post-retirement obligations<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,239<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n1,667<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating lease liabilities<\/p>\n<\/td>\n
\n \n \n \n16,431<\/p>\n<\/td>\n
\n \n \n \n19,417<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther long-term liabilities<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n5,517<\/p>\n<\/td>\n
\n \n \n \n4,647<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal liabilities<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n276,140<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n310,927<\/p>\n<\/td>\n<\/tr>\n
\n \n \nStockholders\u2019 Equity:<\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nCommon 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<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n113,936<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n111,024<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPreferred stock, par value $1.00 per share, authorized 5,000 shares; no shares issued or outstanding<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRetained earnings<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n197,046<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n177,013<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccumulated other comprehensive loss<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(9,527)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(23,183)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal stockholders\u2019 equity<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n301,455<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n264,854<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal Liabilities and Stockholders\u2019 Equity<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n577,595<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n575,781<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n ALLIENT INC.<\/b><\/p>\n
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/p>\n
(In thousands)<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n For the year ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n December 31,<\/b><\/p>\n<\/td>\n
\n \n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Cash Flows From Operating Activities:<\/b><\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nNet income<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n22,034<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n13,166<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjustments to reconcile net income to net cash provided by operating activities<\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nDepreciation and amortization<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n25,407<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n25,891<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDeferred income taxes<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(1,795)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(2,353)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProvision for excess and obsolete inventory<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n3,891<\/p>\n<\/td>\n
\n \n \n \n4,943<\/p>\n<\/td>\n<\/tr>\n
\n \n \nStock-based compensation expense<\/p>\n<\/td>\n
\n \n \n \n3,430<\/p>\n<\/td>\n
\n \n \n \n4,147<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDebt issue cost amortization recorded in interest expense<\/p>\n<\/td>\n
\n \n \n \n648<\/p>\n<\/td>\n
\n \n \n \n534<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n610<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(119)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nChanges in operating assets and liabilities, net of acquisitions:<\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nTrade receivables<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(7,893)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n7,455<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInventories<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n3,318<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n7,358<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPrepaid expenses and other assets<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(2,709)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,412<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccounts payable<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n175<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(12,755)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAccrued liabilities<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n9,559<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(8,829)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet cash provided by operating activities<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n56,675<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n41,850<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n Cash Flows From Investing Activities:<\/b><\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nConsideration paid for acquisitions, net of cash acquired<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(25,231)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPurchase of property and equipment<\/p>\n<\/td>\n
\n \n \n \n(6,989)<\/p>\n<\/td>\n
\n \n \n \n(9,683)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet cash used in investing activities<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(6,989)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(34,914)<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n Cash Flows From Financing Activities:<\/b><\/p>\n<\/td>\n
\n \n \n \n \n <\/tr>\n \n \n \nProceeds from issuance of long-term debt<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n76,898<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPrincipal payments of long-term debt and finance lease obligations<\/p>\n<\/td>\n
\n \n \n \n(44,448)<\/p>\n<\/td>\n
\n \n \n \n(68,433)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPayment of contingent consideration<\/p>\n<\/td>\n
\n \n \n \n\u2014<\/p>\n<\/td>\n
\n \n \n \n(2,450)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPayment of debt issuance costs<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(44)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(3,154)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDividends paid to stockholders<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(2,001)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(1,981)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTax withholdings related to net share settlements of restricted stock<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(1,203)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(1,723)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet cash used in financing activities<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(47,696)<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(843)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEffect of foreign exchange rate changes on cash<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,613<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(1,892)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet increase in cash and cash equivalents<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n4,603<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n4,201<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCash and cash equivalents at beginning of period<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n36,102<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n31,901<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCash and cash equivalents at end of period<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n40,705<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n36,102<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
ALLIENT INC.
\n
<\/b>Reconciliation of Non-GAAP Financial Measures
\n
<\/b>(In thousands, Unaudited)<\/i><\/b><\/p>\n\nIn addition to reporting revenue and net income, which are U.S. generally accepted accounting principle (\u201cGAAP\u201d) 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.<\/p>\n
\nThe 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\u2019s 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.<\/p>\n
\nThe Company believes EBITDA and Adjusted EBITDA are often a useful measure of a Company\u2019s operating performance and are a significant basis used by the Company\u2019s 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\u2019s 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.<\/p>\n
\nThe Company\u2019s calculation of Revenue excluding foreign currency exchange impacts for the three and twelve months ended December 31, 2025 is as follows:<\/p>\n
\n
\n \n \n \n Three Months Ended<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Twelve Months Ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n December 31, 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n December 31, 2025<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenue as reported<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n143,354<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n554,478<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLess: Foreign currency impact<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(3,659<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(6,481<\/p>\n<\/td>\n
\n \n)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenue excluding foreign currency exchange impacts<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n139,695<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n547,997<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\nThe Company\u2019s calculation of organic revenue for the three and twelve months ended December 31, 2025 is as follows:<\/p>\n
\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Three months ended<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Twelve months ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n December 31, 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n December 31, 2025<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenue change over prior year<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n17.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n4.6<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLess: Impact of acquisitions and foreign currency<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(3.0)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(1.4)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOrganic revenue<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n14.5<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3.2<\/p>\n<\/td>\n
\n \n%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
ALLIENT INC.
\n
<\/b>Reconciliation of Non-GAAP Financial Measures
\n
<\/b>(In thousands, Unaudited)<\/i><\/b><\/p>\n\nThe Company\u2019s calculation of Adjusted EBITDA for the three and twelve months ended December 31, 2025 and 2024 is as follows:<\/p>\n
\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Three months ended<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Twelve months ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n December 31,<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2024<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income as reported<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n6,383<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n3,013<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n22,034<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n13,166<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInterest expense<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2,587<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3,089<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n13,175<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n13,296<\/p>\n<\/td>\n<\/tr>\n
\n \n \nProvision for income tax<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2,267<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n862<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n6,700<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3,692<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDepreciation and amortization<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n6,302<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n6,643<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n25,407<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n25,891<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEBITDA<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n17,539<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n13,607<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n67,316<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n56,045<\/p>\n<\/td>\n<\/tr>\n
\n \n \nStock-based compensation expense<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n840<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n765<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3,430<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n4,147<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAcquisition and integration-related costs<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n7<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n189<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n47<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n445<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRestructuring and business realignment costs<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n536<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n23<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3,993<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,971<\/p>\n<\/td>\n<\/tr>\n
\n \n \nForeign currency loss\/(gain)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n105<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(464)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n2,079<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(83)<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted EBITDA<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n19,027<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n14,120<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n76,865<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n62,525<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\nThe Company\u2019s calculation of Total Net Debt and Leverage Ratio as of December 31, 2025 and December 31, 2024 is as follows:<\/p>\n
\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n December 31, 2025<\/b><\/p>\n<\/td>\n
\n \n December 31, 2024<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal debt<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n180,389<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n224,177<\/p>\n<\/td>\n<\/tr>\n
\n \n \nLess: cash and cash equivalents<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n40,705<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n36,102<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTotal net debt (Non-GAAP)<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n139,684<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n188,075<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \nAdjusted EBITDA (Non-GAAP)<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n76,865<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n62,525<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \nLeverage Ratio (Non-GAAP)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1.82<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n3.01<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
ALLIENT INC.
\n
<\/b>Reconciliation of GAAP Net Income and Diluted Earnings per Share to
\n
<\/b>Non-GAAP Adjusted Net Income and Adjusted Diluted Earnings per Share
\n
<\/b>(In thousands, except per share data)
\n
<\/i><\/b>(Unaudited)<\/i><\/b><\/p>\n\nThe Company\u2019s calculation of Adjusted net income and Adjusted diluted earnings per share for the three and twelve months ended December 31, 2025 and 2024 is as follows:<\/p>\n
\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n For the three months ended<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n December 31,<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n Per diluted <\/b><\/p>\n
share<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n 2024<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n Per diluted<\/b><\/p>\n
share<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income as reported<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n6,383<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.38<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n \n3,013<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.18<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNon-GAAP adjustments, net of tax (1)<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAmortization of intangible assets \u2013 net<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n2,391<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n0.14<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n2,387<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n0.14<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nForeign currency loss \/ (gain) \u2013 net<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n80<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n0.01<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n(355)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n(0.02)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAcquisition and integration-related costs \u2013 net<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n5<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n145<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n0.01<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRestructuring and business realignment costs \u2013 net<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n412<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n0.02<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n18<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNon-GAAP adjusted net income and adjusted diluted earnings per share<\/p>\n<\/td>\n
\n \n \n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n9,271<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.55<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n \n5,208<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n \n$<\/p>\n<\/td>\n
\n \n0.31<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \nWeighted average diluted shares outstanding<\/p>\n<\/td>\n
\n \n \n \n \n \n \n \n \n \n \n16,803<\/p>\n<\/td>\n
\n \n \n \n \n \n \n \n \n \n16,608<\/p>\n<\/td>\n
<\/tr>\n<\/table>\n \n
\n ____________________<\/td>\n<\/tr>\n \n \n \n(1)<\/p>\n<\/td>\n
\n \n \nApplies a blended federal, state, and foreign tax rate of 23% applicable to the non-GAAP adjustments.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n For the twelve months ended<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Per diluted<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n Per diluted<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2025<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n share<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n 2024<\/b><\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n share<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income as reported<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n22,034<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n1.32<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n13,166<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n0.79<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNon-GAAP adjustments, net of tax (1)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAmortization of intangible assets \u2013 net<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n9,553<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n0.57<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n9,726<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n0.59<\/p>\n<\/td>\n<\/tr>\n
\n \n \nForeign currency loss \/ (gain) \u2013 net<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,592<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n0.10<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n(64)<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAcquisition and integration-related costs \u2013 net<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n36<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u2014<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n341<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n0.02<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRestructuring and business realignment costs \u2013 net<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n3,059<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n0.18<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n1,510<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n0.09<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNon-GAAP adjusted net income and adjusted diluted earnings per share<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n36,274<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n2.17<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n24,679<\/p>\n<\/td>\n
\n \n\u00a0<\/p>\n<\/td>\n
\n \n$<\/p>\n<\/td>\n
\n \n1.49<\/p>\n<\/td>\n<\/tr>\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \nWeighted average diluted shares outstanding<\/p>\n<\/td>\n
\n \n \n \n \n \n \n16,732<\/p>\n<\/td>\n
\n \n \n \n \n \n \n\u00a016,603<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
- Simplify to Accelerate NOW program identified and initiated actions to deliver over $6 million in annualized savings in 2025<\/i><\/li>\n
- 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<\/i><\/li>\n
- 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<\/i><\/li>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260305746391\/en\/1883306\/3\/Allient-Logo-Full-Color-wtagline.jpg\"){kind=logo}
<\/td>\n<\/tr>\n