Allient Q4 Revenue Rises 17% to $143.4M; Net Debt Falls $48.4M
Allient reported Q4 revenue of $143.4M, up 17% year-over-year (15% organic), with industrial revenue rising 24% and vehicle shipments boosting growth by 35%, while backlog reached $233M and book-to-bill remained above 1. Operating cash flow hit a record $56.7M, net debt fell $48.4M to $139.7M, and leverage improved to 1.82x.
1. Q4 Financial Results
Allient reported fourth-quarter revenue of $143.4 million, a 17% year-over-year increase (15% organic) with gross margin expanding 90 basis points to 32.4%. Operating income rose 76% to $11.4 million (7.9% of revenue), net income more than doubled to $6.4 million, and adjusted EBITDA reached $19 million.
2. Cash Flow and Balance Sheet Improvements
Operating cash flow hit a record $56.7 million, up 35% year-over-year, while net debt fell $48.4 million to $139.7 million. Leverage improved to 1.82x, inventory turns increased to 3.2, and day sales outstanding tightened to 57 days.
3. Segment Performance and Backlog
Industrial revenue grew 24% driven by normalized automation orders and strong power quality demand for data centers. Vehicle shipments jumped 35% due to production timing, medical revenue rose 9%, aerospace & defense fell 5% on program timing, and backlog ended at $233 million with a book-to-bill above 1.
4. Strategic Outlook and 2026 Plans
Management highlighted progress on its Simplify to Accelerate NOW program to expand margins and strengthen the balance sheet. Capital expenditures are guided at $10–12 million for fiscal 2026, focused on organic growth, data center infrastructure, and defense opportunities.