Allient Q2 Net Income Jumps 85% on 49% Order Surge, Launches NDAA-Compliant Drone Controller
ALNT has more than doubled off its 52-week low of $44.3.
Summary
Allient posted Q2 revenue of $153.8M, up 10% year over year, with net income surging 85% to $10.4M. Orders jumped 49% to $201.3M, pushing book-to-bill to 1.31 and backlog to $298M. Gross margin came in at 34.9% and operating margin at 10.2%. The company also launched an NDAA-compliant propulsion controller for military drones, expanding its defense product line. This follows insider selling by CEO Richard Warzala in August and a stake reduction by Juniper Targeted Opportunity Fund, but the strong order growth and margin expansion suggest underlying demand remains robust.
At the time of this announcement, ALNT was trading at $109.50 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $44.30 to $121.42. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.