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© Allient Inc. Dick Warzala Chairman, President & CEO Jim Michaud Chief Financial Officer November 6, 2025 Third Quarter 2025 Financial Results Call Nasdaq: ALNT
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© Allient Inc.| 2 The statements in this presentation 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 savings from restructuring and simplifying actions, the cost of implementing such actions, operating results, expectations for the level of sales for the next several quarters, 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, commercial activity and demand across our and our customers’ businesses, global supply chains, 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. This presentation will discuss some non-GAAP financial measures, which the Company believes are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results prepared in accordance with GAAP . The Company has provided reconciliations of comparable GAAP to non-GAAP measures in tables found in the Supplemental Information portion of this presentation. SAFE HARBOR STATEMENT
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© Allient Inc.| Continued momentum across revenue, margins, and earnings Mix shift toward higher-margin end markets supporting profitability Ongoing operational efficiency gains fueling leverage and cost discipline YTD cash generation driving net debt reduction Strategic initiatives advancing, reinforcing long-term growth and resilience Q3 2025: DOUBLE-DIGIT GROWTH AND MARGIN EXPANSION DRIVE ENHANCED PROFITABILITY 3 $138.7M Revenue 33.3% Gross Margin $43.1M YTD Cash from Operations $6.5M Net Income 8.8% Operating Margin $150.8M Debt, net of cash -1% QoQ +11% YoY +40bps QoQ +350bps YoY +15% QoQ +208% YoY +10bps QoQ +190bps YoY +46% YoY Down $37.3M YTD
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© Allient Inc.| • Realign and right-size our footprint to better align with our markets and customers. • Simplify customer interactions – make it easier for customers to do business with Allient. • Reinforce lean manufacturing disciplines throughout the Company to accelerate margin expansion. • Elevate our product development pace and reduce time to market. 4 SIMPLIFY TO ACCELERATE NOW: UNLOCKING MARGIN EXPANSION AND AGILITY Cost reduction and profit enhancing initiatives Achieved $10 million in annualized savings in 2024 Goal is to reduce annualized costs another $6 to $7 million in 2025; largely supported by the Dothan Fabrication Center of Excellence Recognized $2.0M in restructuring and related charges in 2024; $3.5M YTD 2025 Continuing to identify new opportunities to enhance operational efficiency and cost structure
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© Allient Inc.| Q3 25 market results (YoY) + 20% Industrial (power quality solutions to data centers & solid industrial automation demand) + 6% Medical (surgical instrument demand) + 6% Vehicle (commercial automative & construction) + 2% A&D (program timing, partially offset by short-term customer validation delays) FX favorable $2.3M in Q3 25; 9% organic growth on a constant currency basis 57% of Q3 25 sales to U.S. customers Q2 25 included ~$3M to $4M in customer pull-ins from Q3 due to supply-related order acceleration REVENUE GROWTH ACROSS KEY MARKET VERTICALS ($ in millions; narrative compared with prior-year period unless otherwise noted) 5 $125.2 $122.0 $132.8 $139.6 $138.7 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Quarters $578.6 $530.0 $533.1 2023 2024 TTM Q3 2025 Years
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© Allient Inc.| 47% 48% 22% 17% 14% 15% 13% 15% 4% 5% Q3 2024 TTM Q3 2025 TTM Distribution A&D Medical Vehicle Industrial DIVERSIFIED MARKET MIX UNDERPINS RESILIENT PERFORMANCE Revenue by Market $533.1$549.0 0% Higher demand for power quality solutions for HVAC / data center markets, as well as increased pumps, vehicle handling, and semiconductor equipment offset by lower demand for industrial automation due to inventory destocking by our largest customer, and lower oil & gas applications - 24% Reduced demand in powersports and truck applications + 4% Higher surgical related demand offset by softness in pump-related products and medical mobility solutions +15% YoY Change and Market Drivers Reflects defense and space program timing as well as strong execution in expanding our defense business NOTE: Components may not add to totals due to rounding 6 ($ in millions)
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© Allient Inc.| $183.7 $165.7 $173.7 31.7% 31.3% 32.6% 2023 2024 TTM Q3 2025 Years Fifth consecutive quarter of margin expansion Q3 25 Gross margin impacts + Favorable Mix + Increased volume + Lean tool kit (AST) + Simplify to Accelerate NOW $39.3 $38.4 $42.8 $46.4 $46.2 31.4% 31.5% 32.2% 33.2% 33.3% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Gross Profit and Margin - Quarters RECORD GROSS MARGIN 7 ($ in millions; narrative compared with prior-year period unless otherwise noted)
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© Allient Inc.| Q3 25 margin expansion of 350 bps YoY and 40 bps sequentially Q3 25 SG&A was 14.7% of sales, an improvement of 140 bps YoY and flat sequentially Restructuring and business realignment costs to support long-term efficiency: ▪ $0.8M in Q3 25 ▪ $1.1M in Q2 25 ▪ $0.5M in Q3 24 COST TRANSFORMATION UNLOCKING OPERATING LEVERAGE 8 ($ in millions; narrative compared with prior-year period unless otherwise noted) $42.3 $30.0 $39.1 7.3% 5.7% 7.3% 2023 2024 TTM Q3 2025 Years $6.6 $6.4 $8.8 $11.7 $12.2 5.3% 5.3% 6.6% 8.4% 8.8% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Operating Income and Margin - Quarters
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© Allient Inc.| $77.2 $62.5 $72.0 13.3% 11.8% 13.5% 2023 2024 TTM Q3 2025 DISCIPLINED EXECUTION DRIVING EARNINGS MOMENTUM ($ in millions, except per share data) 9 14.0%12.2% Adjusted EBITDA¹ and Margin 11.2%11.5% Sequential growth: Net income +15% Adj. Net income(1) +4% Adj. EBITDA(1) +1% Adj. EBITDA margin(1) +20 bps Expect income tax rate for full year 2025 to be ~21% to 23% Adjusted net income excludes amortization of intangible assets related to acquisitions, acquisition and integration-related costs, restructuring and business realignment costs, and other non-recurring items $14.4 $14.1 $17.5 $20.1 $20.3 11.5% 11.6% 13.2% 14.4% 14.6% Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 (1)See supplemental slides for Adjusted Net Income and Adjusted EBITDA reconciliations and other important disclaimers NOTE: Components may not add up to totals due to rounding $2.1 $3.0 $3.6 $5.6 $6.5 $0.13 $0.18 $0.21 $0.34 $0.39 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 GAAP Net Income & EPS $5.1 $5.2 $7.6 $9.5 $9.9 $0.31 $0.31 $0.46 $0.57 $0.59 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Adjusted Net Income & Adjusted EPS¹
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© Allient Inc.| STRONG YEAR-TO-DATE CASH GENERATION ENHANCES FLEXIBILITY 10 ($ in millions) 3.0x 2.7x 3.0x 2023 2024 Q3 2025 56 60 61 2023 2024 Q3 2025 (1) Free cash flow is a non-GAAP metric defined as cash flow from operations, less capital expenditures NOTE: Components may not add up to totals due to rounding Inventory Turnover Days Sales Outstanding Three Months Ended Nine Months Ended 9/30/25 9/30/24 9/30/25 9/30/24 Net cash provided by operating activities $ 4.7 $ 12.0 $ 43.1 $ 29.5 Capital expenditures (CapEx) (1.9) (1.6) (5.1) (6.9) Operating free cash flow (FCF)(1) $ 2.8 $ 10.4 $ 38.0 $ 22.6 FY25 CapEx Expectation: $6.5 million – $8.5 million 2025 Financial priorities: 1. Reduce inventory and strengthen working capital management 2. Take out costs 3. Reduce debt Q3 FCF impacted by ~$5M temporary inventory build (magnets, Dothan transition), higher DSO from sales mix, and timing of insurance premium payments
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© Allient Inc.| CONTINUED BALANCE SHEET DELEVERAGING AND STRENGTH Debt down $12M in Q3 and $33.9M YTD Net debt reduced $37.3M YTD Bank leverage ratio² of 2.59x at quarter end 11 ($ in millions) 1 Leverage ratio calculated as total net debt divided by trailing twelve months of Adjusted EBITDA. See supplemental slides for reconciliations. ² Bank leverage ratio calculated in accordance with the Company’s credit agreement, which amongst other items excludes foreign cash. NOTE: Components may not add up to totals due to rounding CAPITALIZATION Sept 30, 2025 Dec 31, 2024 Cash and cash equivalents $ 39.5 $ 36.1 Total debt 190.3 224.2 Total net debt 150.8 188.1 Shareholders’ equity 294.2 264.9 Total capitalization $ 484.4 $ 489.0 Debt/total capitalization 39.3% 45.8% Net debt/net total capitalization 33.9% 41.5% Leverage Ratio¹ 2.10x 3.01x
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© Allient Inc.| SOLID BACKLOG AND DEMAND TRENDS Q3 25 Book:Bill 0.96x Demand healthy across Industrial applications, particularly power quality for data center infrastructure Continued to execute on key defense programs despite isolated order cancellation; defense pipeline is strong Majority of backlog to ship in three to nine months $102.6 $117.9 $137.6 $135.0 $133.1 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Orders $238.5 $230.8 $237.3 $236.6 $231.0 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Backlog 12 $480.0 $523.7 2024 TTM Q3 2025 ($ in millions)
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© Allient Inc.| Proactively Managing Market Challenges: • Managing trade and rare earth supply risks through supplier diversification and alternative materials • Dynamic inventory management and close customer collaboration to mitigate volatility Driving Operational Leverage: • Simplify to Accelerate NOW initiatives gaining traction, with early benefits from Dothan expected late 2025 • Focused execution delivering margin expansion and cost discipline Solid Financial Foundation: • Leverage ratio of 2.10x provides flexibility • Ongoing emphasis on working capital efficiency and cost reduction Strategic Outlook: • Alignment with long-term secular growth drivers: electrification, automation, energy efficiency, and precision control • Near-term cadence may reflect supply dynamics and typical year-end seasonality • Confident in delivering sustainable, high-quality growth 13 POSITIONED TO DRIVE RESILIENT PERFORMANCE AND PROFITABILITY THROUGH VARYING MARKET CONDITIONS¹ (1) Outlook provided on November 6, 2025
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© Allient Inc.| 14 CONFERENCE CALL AND WEBCAST PLAYBACK 14 Replay Number: 412-317-6671 passcode: 10202880 Telephone replay available through Thursday, November 20, 2025 Webcast / Presentation / Replay available at wwwˌallientˌcom/investors Transcript, when available, at wwwˌallientˌcom/investors
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© Allient Inc. Supplemental Information © Allient Inc. Nasdaq: ALNT 15
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© Allient Inc.| ADJUSTED NET INCOME RECONCILIATION 16 For the three months ended Sept 30, Dec 31, Mar 31, June 30, Sept 30, 2024 2024 2025 2025 2025 Net income $ 2,101 $ 3,013 $ 3,557 $ 5,617 $ 6,477 Non-GAAP adjustments, net of tax (1) Amortization of intangible assets - net 2,401 2,387 2,369 2,394 2,399 Foreign currency loss / (gain) – net 353 (355) 519 637 356 Acquisition and integration-related costs – net (2) (154) 145 - 18 13 Restructuring and business realignment costs - net 367 18 1,148 859 640 Adjusted Net Income $ 5,068 $ 5,208 $ 7,593 $ 9,525 $ 9,885 Average Diluted Shares Outstanding 16,605 16,608 16,638 16,713 16,780 Diluted earnings per share $ 0.13 $ 0.18 $ 0.21 $ 0.34 $ 0.39 Adjusted diluted earnings per share $ 0.31 $ 0.31 $ 0.46 $ 0.57 $ 0.59 Adjusted net income and diluted EPS are defined as net income as reported, adjusted for certain items, including amortization of intangible assets and unusual non-recurring items. Adjusted net income and diluted EPS are not a measure determined in accordance with GAAP in the United States, and may not be comparable to the measure as used by other companies. Nevertheless, the Company believes that providing non-GAAP information, such as adjusted net income and diluted EPS are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year’s net income and diluted EPS to the historical periods’ net income and diluted EPS. NOTE: Components may not add up to totals due to rounding ($ in thousands, except per share data) (1) Applies a blended federal, state, and foreign tax rate of 23% applicable to the non-GAAP adjustments. (2) Includes a Q3 2024 fair value measurement gross reduction of $270 due to acquisition-related contingent consideration.
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© Allient Inc.| 17 ADJUSTED NET INCOME RECONCILIATION For twelve months ended Dec 31, Dec 31, Sept 30, 2023 2024 2025 Net income $ 24,097 $ 13,166 $ 18,664 Non-GAAP adjustments, net of tax (1) Amortization of intangible assets - net 9,752 9,726 9,549 Foreign currency loss / (gain) – net 223 (64) 1,157 Acquisition and integration-related costs – net (2) 2,344 341 176 Restructuring and business realignment costs - net 1,042 1,510 2,665 Non-GAAP Adjusted Net Income $ 37,458 $ 24,679 $ 32,211 Average Diluted Shares Outstanding 16,272 16,608 16,671 Diluted earnings per share $1.48 $0.79 $1.12 Adjusted diluted earnings per share $2.30 $1.49 $1.93 ($ in thousands, except per share data) Adjusted net income and diluted EPS are defined as net income as reported, adjusted for certain items, including amortization of intangible assets and unusual non-recurring items. Adjusted net income and diluted EPS are not a measure determined in accordance with GAAP in the United States, and may not be comparable to the measure as used by other companies. Nevertheless, the Company believes that providing non-GAAP information, such as adjusted net income and diluted EPS are important for investors and other readers of the Company’s financial statements and assists in understanding the comparison of the current quarter’s and current year’s net income and diluted EPS to the historical periods’ net income and diluted EPS. NOTE: Components may not add up to totals due to rounding (1) Applies a blended federal, state, and foreign tax rate of approximately 21% for 2023 and 23% for 2024 and TTM Q3 2025 applicable to the non-GAAP adjustments. (2) Includes a Q3 2024 fair value measurement gross reduction of $270 due to acquisition-related contingent consideration
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© Allient Inc.| 18 ADJUSTED EBITDA RECONCILIATION ($ in thousands) For the three months ended Sept 30, Dec 31, Mar 31, June 30, Sept 30, 2024 2024 2025 2025 2025 Net income $ 2,101 $ 3,013 $ 3,557 $ 5,617 $ 6,477 Interest expense 3,435 3,089 3,635 3,552 3,401 Provision for income taxes 612 862 903 1,685 1,845 Depreciation and amortization 6,447 6,643 6,281 6,401 6,423 EBITDA 12,595 13,607 14,376 17,255 18,146 Stock compensation expense 1,098 765 920 835 835 Acquisition and integration-related costs (1) (201) 189 - 23 17 Restructuring and business realignment costs 479 23 1,499 1,122 836 Foreign currency loss (gain) 461 (464) 677 832 465 Adjusted EBITDA $ 14,432 $ 14,120 $ 17,472 $ 20,067 $ 20,299 Revenue $ 125,213 $ 122,010 $ 132,803 $ 139,578 $ 138,743 Adjusted EBITDA Margin 11.5% 11.6% 13.2% 14.4% 14.6% In addition to reporting revenue and net income, which are U.S. generally accepted accounting principle (“GAAP”) measures, the Company presents EBITDA and Adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, and foreign currency gains/losses), which are non-GAAP measures. The Company believes EBITDA and Adjusted EBITDA are often a useful measure of a Company’s operating performance and are a significant basis used by the Company’s management to evaluate and compare the core operating performance of its business from period to period by removing the impact of the capital structure (interest), tangible and intangible asset base (depreciation and amortization), taxes, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, foreign currency gains/losses on short-term assets and liabilities, and other items that are not indicative of the Company’s core operating performance. EBITDA and Adjusted EBITDA do not represent and should not be considered as an alternative to net income, operating income, net cash provided by operating activities or any other measure for determining operating performance or liquidity that is calculated in accordance with GAAP. (1) Includes a Q3 2024 fair value measurement reduction of $270 due to acquisition-related contingent consideration.
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© Allient Inc.| 19 ADJUSTED EBITDA RECONCILIATION ($ in thousands, except per share data) For twelve months ended Dec 31, Dec 31, Sept 30, 2023 2024 2025 Net income $ 24,097 $ 13,166 $ 18,664 Interest expense 12,383 13,296 13,677 Provision for income taxes 5,603 3,692 5,295 Depreciation and amortization 25,068 25,891 25,748 EBITDA $ 67,151 $ 56,045 $ 63,384 Stock-based compensation expense 5,477 4,147 3,355 Acquisition and integration-related costs (1) 2,959 445 229 Restructuring and business realignment costs 1,316 1,971 3,480 Foreign currency loss (gain) 281 (83) 1,510 Adjusted EBITDA $ 77,184 $ 62,525 $ 71,958 Revenue $ 578,634 $ 529,968 $ 533,134 Adjusted EBITDA Margin 13.3% 11.8% 13.5% In addition to reporting revenue and net income, which are U.S. generally accepted accounting principle (“GAAP”) measures, the Company presents EBITDA and Adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, and foreign currency gains/losses), which are non-GAAP measures. The Company believes EBITDA and Adjusted EBITDA are often a useful measure of a Company’s operating performance and are a significant basis used by the Company’s management to evaluate and compare the core operating performance of its business from period to period by removing the impact of the capital structure (interest), tangible and intangible asset base (depreciation and amortization), taxes, stock-based compensation expense, acquisition and integration-related costs, restructuring and business realignment costs, foreign currency gains/losses on short-term assets and liabilities, and other items that are not indicative of the Company’s core operating performance. EBITDA and Adjusted EBITDA do not represent and should not be considered as an alternative to net income, operating income, net cash provided by operating activities or any other measure for determining operating performance or liquidity that is calculated in accordance with GAAP. (1) Includes a Q3 2024 fair value measurement reduction of $270 due to acquisition-related contingent consideration.
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© Allient Inc.| 20 REVENUE EXCLUDING FOREIGN CURRENCY EXCHANGE AND CALCULATION OF ORGANIC REVENUE ($ in thousands) In addition to reporting revenue, which is a U.S. generally accepted accounting principle (“GAAP”) measure, the Company presents Revenue excluding foreign currency exchange rate impacts and Organic growth, which are non-GAAP measures. The Company believes that Revenue excluding foreign currency exchange rate impacts is a useful measure in analyzing organic sales results. The Company excludes the effect of currency translation from revenue for this measure because currency translation is not fully under management’s control, is subject to volatility and can obscure underlying business trends. The portion of revenue attributable to currency translation is calculated as the difference between the current period revenue and the current period revenue after applying foreign exchange rates from the prior period. Organic revenue is reported revenues adjusted for the impact of foreign currency and the revenue contribution from acquisitions. Three months ended Nine months ended September 30, 2025 September 30, 2025 Revenue as reported $ 138,743 $ 411,124 Foreign currency impact (2,259) (2,822) Revenue excluding foreign currency exchange impacts $ 136,484 $ 408,302 Three months ended Nine months ended September 30, 2025 September 30, 2025 Revenue change over prior year 10.8 % 0.8 % Less: Impact of acquisitions and foreign currency 1.8 1.0 Organic revenue 9.0 % (0.2) %
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© Allient Inc.| 21 ($ in thousands) TOTAL NET DEBT AND LEVERAGE RATIO RECONCILIATION We believe that total net debt and leverage ratio provide meaningful measures of liquidity and a useful basis for assessing our ability to fund our activities, including the financing of acquisitions and debt repayments. Total net debt is calculated as total debt less cash and cash equivalents. Leverage ratio is total net debt divided by adjusted EBITDA for the trailing twelve months. September 30, 2025 December 31, 2024 Total debt $ 190,259 $ 224,177 Less: cash and cash equivalents $ 39,476 $ 36,102 Total net debt (Non-GAAP) $ 150,783 $ 188,075 TTM Adjusted EBITDA (Non-GAAP) $ 71,958 $ 62,525 Leverage Ratio (Non-GAAP) 2.10 3.01
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© Allient Inc. Dick Warzala Chairman, President & CEO Jim Michaud Chief Financial Officer November 6, 2025 Third Quarter 2025 Financial Results Call Nasdaq: ALNT