Allient Inc. Files Q3 2024 10-Q

TL;DR

Allient Inc. 10-Q filed: Q3 2024 financials out, showing retained earnings and net PPE.

AI Summary

Allient Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Allied Motion Technologies Inc., reported its financial performance and position. Key financial data points such as retained earnings and property, plant, and equipment net are included in the filing.

Why It Matters

This filing provides investors with an update on Allient Inc.'s financial health and operational performance for the third quarter of fiscal year 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• us-gaap:RetainedEarningsMember — Retained Earnings (A key component of shareholders' equity, representing accumulated profits.)
• us-gaap:PropertyPlantAndEquipmentNet — Property, Plant, and Equipment, Net (Represents the book value of a company's fixed assets after depreciation.)

Key Players & Entities

• Allient Inc. (company) — Filer of the 10-Q
• Allied Motion Technologies Inc. (company) — Former name of Allient Inc.
• 2024-09-30 (date) — End of the reporting period
• 0000046129 (company) — Central Index Key for Allient Inc.

FAQ

Filing Documents

• alnt-20240930x10q.htm (10-Q) — 2246KB
• alnt-20240930xex31d1.htm (EX-31.1) — 10KB
• alnt-20240930xex31d2.htm (EX-31.2) — 10KB
• alnt-20240930xex32d1.htm (EX-32.1) — 5KB
• alnt-20240930xex32d2.htm (EX-32.2) — 5KB
• 0001558370-24-014628.txt ( ) — 9549KB
• alnt-20240930.xsd (EX-101.SCH) — 50KB
• alnt-20240930_cal.xml (EX-101.CAL) — 63KB
• alnt-20240930_def.xml (EX-101.DEF) — 183KB
• alnt-20240930_lab.xml (EX-101.LAB) — 524KB
• alnt-20240930_pre.xml (EX-101.PRE) — 352KB
• alnt-20240930x10q_htm.xml (XML) — 1992KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Page No. Item 1.

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets – Unaudited 1 Condensed Consolidated Statements of Income and Comprehensive Income – Unaudited 2 Condensed Consolidated Statements of Stockholders' Equity – Unaudited 3 Condensed Consolidated Statements of Cash Flows – Unaudited 4 Notes to Condensed Consolidated Financial Statements – Unaudited 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 31

OTHER INFORMATION

PART II. OTHER INFORMATION 32 Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 5. Other Information 32 Item 6. Exhibits 33 Table of Contents ALLIENT INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except per share data) (Unaudited) September 30, December 31, 2024 2023 Assets Current assets: Cash and cash equivalents $ 37,118 $ 31,901 Trade receivables, net of provision for credit losses of $ 1,239 and $ 1,240 at September 30, 2024 and December 31, 2023, respectively 82,549 85,127 Inventories 117,605 117,686 Prepaid expenses and other assets 13,582 13,437 Total current assets 250,854 248,151 Property, plant, and equipment, net 68,396 67,463 Deferred income taxes 7,663 7,760 Intangible assets, net 104,593 111,373 Goodwill 134,390 131,338 Operating lease assets 23,627 24,032 Other long-term assets 6,912 7,425 Total Assets $ 596,435 $ 597,542 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 28,894 $ 39,129 Accrued liabilities 32,292 56,488 Total current liabilities 61,186 95,617 Long-term debt 231,415 218,402 Deferred income taxes 4,078 4,337 Pension and post-retirement obligations 2,735 2,679 Operating lease liabilities 19,343 19,532 Other long-term liabilities 4,811 5,400 Total liabilities 323,568 345,967 Stockholders' Equity: Common stock, no par value, authorized 50,000 shares; 16,840 and 16,308 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 110,278 95,937 Preferred stock, par value $ 1.00 per share, authorized 5,000 shares; no shares issued or outstanding — — Retained earnings 174,497 165,813 Accumulated other comprehensive loss ( 11,908 ) ( 10,175 ) Total stockholders' equity 272,867 251,575 Total Liabilities and Stockholders' Equity $ 596,435 $ 597,542 See accompanying notes to condensed consoli

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View this 10-Q filing on SEC EDGAR