M&A - ALLIENT INC

Form Type: 10-Q

Filing Date: 2025-05-07

Corporate Action: Acquisition

Type: New

Accession Number: 000155837025006744

Filing Summary: Allient Inc. filed its Form 10-Q for the quarterly period ending March 31, 2025, highlighting significant financial metrics and recent developments. The report covers financial statements including the balance sheets, income statements, and cash flow statements. The company reported total assets of $586.9 million and total liabilities of $314.1 million, indicating a solid financial structure. Net income for the quarter was reported at $3.6 million with earnings per share at $0.21. Allient has recently completed the acquisition of SNC Manufacturing Co., Inc., enhancing its capabilities in manufacturing electrical transformers. This acquisition involved a cash payment of $20 million and has been finalized as of January 11, 2024, contributing to a strategic expansion in their service offerings. The report outlines various operating expenses, including significant costs associated with engineering and development, marketing, and administration. Allient's retained earnings showed an increase from the previous quarter to $180.1 million, demonstrating positive performance. The document also provides information regarding stock issuance and changes in stockholders’ equity, alongside comprehensive income adjustments related to foreign currency translation and derivative instruments.