Allient reports Q3 adjusted EPS 61c, consensus 55c

Reports Q3 revenue $145.3M, consensus $146.46M. “Our third quarter was strong and reflected solid top-line results, record gross margin, and robust cash generation that enabled us to reduce our debt and complete a strategic acquisition. In addition, we secured a $31 million defense market order during the quarter, a testament to our enhanced positioning within the sector and the strength of our quoting and activity over the past year,” commented Dick Warzala, Chairman and CEO. “Once again, our Industrial markets led the way with 32% sales growth over last year’s third quarter, largely driven by industrial automation projects and power quality solutions. Also contributing were improvements within the supply chain environment, which supported the shipping of some long lead projects.”