Allient reports Q1 adjusted EPS 46c, two estimates 34c

Reports Q1 revenue $132.8M, consensus $125.6M. Dick Warzala, Chairman and CEO, commented, “Our first quarter results demonstrate the strength of our diversified business model and the effectiveness of our strategic initiatives. We achieved solid sequential growth in sales and profitability overall as we continue to more closely align our business with our customers and focus on taking the necessary actions to ensure we achieve our long-term strategic goals and objectives. Our ‘Simplify to Accelerate NOW’ actions are aligned with our strategy and are delivering meaningful improvements to our operational performance and positioning us for long-term success.”