Allient Inc. to Provide Update on Strategy and Long-term Financial Goals at Inaugural Investor Day
August 23 2023 - 6:35AM
Business Wire
Newly refined strategy expected to drive
over $1 billion in revenue with expanded margins
Allient Inc. (formerly known as Allied Motion Technologies Inc.)
(Nasdaq: ALNT) (“Allient” or the “Company”), a global designer and
manufacturer of precision and specialty Motion, Controls and Power
products and solutions for targeted industries and applications,
will hold its inaugural investor and analyst day beginning at 11:00
am ET today in New York City.
During the presentation, Dick Warzala, Chairman, President and
Chief Executive Officer, Mike Leach, Chief Financial Officer, and
other members of the Company’s leadership team will provide an
in-depth update on its strategic progress, future targets, and the
strategy to achieve those goals.
Mr. Warzala, commented, “For the past 20 years, we have
successfully executed our strategy and expanded our capabilities to
be a leading global provider of motion solutions. More recently, we
have been building our controls and power technologies
capabilities, both organically and through acquisitions. The
evolution of these additional pillars of our business enhances our
overall value proposition and expands our addressable markets. Our
advancements required a refinement of our strategy to leverage the
value opportunity that exists at the nexus of our three technology
pillars – Motion, Controls and Power.
“Overall, the breadth and depth of our technology offerings,
expanded market opportunities and an increased focus on offering
solutions for targeted vertical markets creates a path to achieve
our growth goals. We believe in time we can generate over $1
billion in annual revenue, expand gross margin and deliver
operating margin in the mid-teens leading to adjusted EBITDA margin
in the high-teens.”
Investor and Analyst Day Webcast
As previously announced, a live video webcast of the event will
begin at 11:00 a.m. ET today and conclude at approximately 2:45
p.m. ET. The webcast provides participants the capability to submit
questions. The event can be accessed at
https://allient.com/investors/. A replay of the presentations, as
well as a copy of the slides, will also be made available on the
Company’s website following the event.
About Allient Inc.
Allient (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, agriculture, transportation, robotics and
automation. Allient is a family of companies driven by the same
goal: to act as one team to provide the most robust, reliable, and
high-value products and systems in Motion, Controls, and Power—
from mobile weapons systems used by the military to powered
wheelchairs that enhance people’s lives.
Allient solutions enable applications that address customers’
most critical challenges so they can seize new opportunities and
change the game. The Company’s strategy is to deliver innovative
solutions for its targeted markets to drive growth, while adding
new technologies and capabilities through acquisition.
Headquartered in Buffalo, N.Y., Allient employs more than 2,250
team members around the world. To learn more, visit
www.allient.com.
Safe Harbor Statement
The statements in this news release that relate to future plans,
events or performance are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate, or imply future
results, performance, or achievements. Examples of forward-looking
statements include, among others, statements the Company makes
regarding expected operating results, anticipated levels of capital
expenditures, the Company’s belief that it has sufficient liquidity
to fund its business operations, and expectations with respect to
the conversion of backlog to sales. Forward-looking statements are
neither historical facts nor assurances of future performance.
Instead, they are based only on the Company’s current beliefs,
expectations and assumptions regarding the future of the Company’s
business, future plans and strategies, projections, anticipated
events and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of the
Company’s control. The Company’s actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, general economic and business conditions,
conditions affecting the industries served by the Company and its
subsidiaries, conditions affecting the Company's customers and
suppliers, competitor responses to the Company's products and
services, the overall market acceptance of such products and
services, the pace of bookings relative to shipments, the ability
to expand into new markets and geographic regions, the success in
acquiring new business, the impact of changes in income tax rates
or policies, the severity, magnitude and duration of the COVID-19
pandemic, including impacts of the pandemic and of businesses’ and
governments’ responses to the pandemic on our operations and
personnel, and on commercial activity and demand across our and our
customers’ businesses, and on global supply chains; our inability
to predict the extent to which the COVID-19 pandemic and related
impacts will continue to adversely impact our business operations,
financial performance, results of operations, financial position,
the prices of our securities and the achievement of our strategic
objectives, the ability to attract and retain qualified personnel,
the ability to successfully integrate an acquired business into our
business model without substantial costs, delays, or problems, and
other factors disclosed in the Company's periodic reports filed
with the Securities and Exchange Commission. Any forward-looking
statement speaks only as of the date on which it is made. New risks
and uncertainties arise over time, and it is not possible for us to
predict the occurrence of those matters or the manner in which they
may affect us. The Company has no obligation or intent to release
publicly any revisions to any forward looking statements, whether
as a result of new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230823985095/en/
Investor Contacts: Deborah K. Pawlowski / Craig P.
Mychajluk Kei Advisors LLC 716-843-3908 / 716-843-3832
dpawlowski@keiadvisors.com / cmychajluk@keiadvisors.com
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