Earnings

Allient's Third-Quarter Profit Growth Accelerates

The Tip Desk · November 11, 2026 · 4 min read

Net income rose 137% to $15.3 million, or $0.91 a share, as revenue reached $164.4 million and organic sales grew 19.1%.

Allient (ALNT), a global designer and manufacturer of precision motion, control, power, and structural composites, reported net income of $15.3 million, or $0.91 a share, for the three months ended September 30, 2026, up 137% from $6.5 million, or $0.39 a share, a year earlier.

That year-over-year profit increase was faster than the 85% rise in net income and 83% rise in diluted earnings in the immediately preceding quarter. Operating income increased 83% to $22.3 million from $12.2 million a year earlier, after a 34% year-over-year increase in the prior quarter.

Revenue rose 18% to $164.4 million from $138.7 million a year earlier, with organic growth of 19.1% and a 0.6% unfavorable currency impact. Organic revenue is a non-GAAP measure. The company said the increase reflected higher sales in many target markets, most significantly Industrial and Aerospace and Defense. U.S. customers accounted for 57% of third-quarter revenue; the remainder came primarily from Europe, Canada, and Asia-Pacific.

Gross profit was $60.2 million, and gross margin expanded to 36.6% from 33.3% a year earlier. The company attributed the margin improvement to higher sales volume, improved product mix, and operational improvements from its Simplify to Accelerate NOW program. Selling expenses were $7.4 million, or 5% of revenue, versus 4% a year earlier. General and administrative expenses were $17.1 million, or 10% of revenue in both periods. Engineering and development expenses were $10.3 million, or 6% of revenue versus 7% a year earlier.

Restructuring and business realignment costs were $15 thousand in the third quarter, down from $836 thousand a year earlier. The company said additional expenses of $15 thousand and $1.5 million have been incurred during the three and nine months ended September 30, 2026, with about $2 million anticipated for full-year 2026. Interest expense was $2.5 million on lower average debt balances. The effective tax rate was 22.2%. The company expects a full-year 2026 tax rate of approximately 21% to 23%.

Adjusted net income was $18.0 million, or $1.07 a share, versus $9.9 million, or $0.59 a share, a year earlier. EBITDA was $28.3 million and adjusted EBITDA $29.7 million, versus $18.1 million and $20.3 million a year earlier.

Bookings increased 64% to $218.1 million from $133.1 million a year earlier, with a 64.4% volume increase and 0.6% unfavorable currency, after a 49% year-over-year increase in the prior quarter. Backlog rose 52% to $351.5 million from $231.0 million a year earlier, after a 26% year-over-year increase in the prior quarter. The company said the bookings increase reflected improvements in customer demand, primarily within Industrial and Aerospace and Defense.

For the nine months ended September 30, 2026, revenue was $457.1 million, up 11% from $411.1 million a year earlier, with organic growth of 9.8% and a 1.4% favorable currency impact. Nine-month gross margin was 34.8% versus 32.9% a year earlier. Operating income rose 45% to $47.2 million from $32.6 million. Net income rose 99% to $31.1 million from $15.7 million, and diluted earnings per share rose 96% to $1.84 from $0.94. Nine-month bookings were $577.4 million, up 42% from $405.8 million a year earlier. Adjusted net income was $40.0 million, or $2.37 a share, versus $27.0 million, or $1.61 a share, a year earlier. EBITDA was $65.6 million and adjusted EBITDA $70.6 million, versus $49.8 million and $57.8 million.

After the U.S. Supreme Court ruled in February 2026 that certain 2025 International Emergency Economic Powers Act tariffs were unconstitutional, the company said it is applying for refunds. As of September 30, 2026, $651 thousand of tariff refunds had been approved and $273 thousand received.