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Allient Nasdaq : ALNT August 6 , 2026 Second Quarter Fiscal Year 2026 Financial Results Call Dick Warzala Chairman , President & CEO Jim Michaud Chief Financial Officer CONNECTING what matters © Allient Inc.
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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.| Results demonstrated the earnings power of the model when stronger demand, better mix and disciplined execution come together Benefited from balanced exposure across targeted end markets Portfolio aligned with attractive applications across industrial automation, data center and other infrastructure, defense programs, and precision medical applications Q2 HIGHLIGHTS: EXCELLENT SECOND QUARTER DRIVEN BY RECORD GROSS MARGIN & STRONG ORDERS 3 $153.8M Revenue 34.9% Record Gross Margin $201.3M Record Q2 Orders $10.4M Net Income 10.2% Operating Margin $7.1M Debt Reduction +10% YoY +180bps YoY +85% YoY +170bps YoY +49% YoY YTD change
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© Allient Inc.| • Company-wide operating mindset • Focused on faster decisions, stronger accountability and continuous improvement across teams • In Q2, operational improvements under STAN contributed to record gross margin through better mix, execution and cost discipline • Program combines lean tools, digital enablement and a get-it- done culture to simplify work, accelerate decisions and improve responsiveness STAN IS HOW WE WORK 4 STAN IS DRIVING BETTER EXECUTION, MARGIN AND RESPONSIVENESS Delivered (annualized savings): $10 million in 2024 $6 million in 2025 Continues to be an important enabler of margin expansion, scalability and long-term profitable growth
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© Allient Inc.| Q2 26 market performance (YoY) + 17% Industrial (to data centers & industrial automation) + 16% A&D (program timing, strong defense-related demand) + 9% Medical (broad-based demand) - 7% Vehicle (lower powersports demand) 9% organic growth in Q2 (constant currency); FX tailwind of $1.3M 54% of Q2 26 sales to U.S. customers REVENUE GROWTH ACROSS KEY VERTICALS ($ in millions; narrative compared with prior-year period unless otherwise noted) 5 $139.6 $138.7 $143.4 $138.9 $153.8 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Quarters $530.0 $554.5 $574.8 2024 2025 TTM Q2 2026 Years
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© Allient Inc.| 47% 49% 17% 17% 15% 15% 16% 15% 5% 4% Q2 2025 TTM Q2 2026 TTM Distribution A&D Medical Vehicle Industrial DIVERSIFIED END MARKETS AND GLOBAL FOOTPRINT CONTINUE TO SUPPORT RESILIENT GROWTH Revenue by Market $574.8$519.6 + 17% Strong demand for solutions supporting data center and other infrastructure, along with growth in industrial automation and pumps + 9% Commercial automotive and construction strength, partially offset by lower powersports and truck demand + 6% Higher demand for surgical instruments and pumps + 3% YoY Change and Market Drivers Reflects defense program timing NOTE: Components may not add to totals due to rounding 6 ($ in millions)
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© Allient Inc.| $165.7 $181.7 $191.6 31.3% 32.8% 33.3% 2024 2025 TTM Q2 2026 Years Margin expanded 170 bps YoY to a record 34.9% in Q2 26 + Higher volume + Favorable Mix + Simplify to Accelerate NOW + Lean tool kit (AST) Continued execution on simplification, lean tools and productivity initiatives is supporting a more scalable margin profile $46.4 $46.2 $46.4 $45.4 $53.6 33.2% 33.3% 32.4% 32.7% 34.9% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Gross Profit and Margin - Quarters 7 ($ in millions; narrative compared with prior-year period unless otherwise noted) RECORD GROSS MARGIN REFLECTS VOLUME, MIX AND STAN-DRIVEN OPERATIONAL GAINS
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© Allient Inc.| Q2 26 margin expanded 180 bps YoY Q2 operating costs were 24.7% of revenue, improving 10 bps YoY despite higher commissions, incentive compensation and growth- related spending Restructuring and business realignment costs due to additional carryover costs associated with Dothan transition Expect $2M to $3M of restructuring and realignment costs in 2026 OPERATING MARGIN EXPANSION REFLECTS IMPROVED LEVERAGE 8 ($ in millions; narrative compared with prior-year period unless otherwise noted) $30.0 $44.0 $48.5 5.7% 7.9% 8.4% 2024 2025 TTM Q2 2026 Years $11.7 $12.2 $11.4 $9.3 $15.6 8.4% 8.8% 7.9% 6.7% 10.2% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Operating Income and Margin - Quarters
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© Allient Inc.| $62.5 $76.9 $80.3 11.8% 13.9% 14.0% 2024 2025 TTM Q2 2026 EARNINGS GROWTH ACCELERATED ON HIGHER MARGINS AND LOWER INTEREST EXPENSE ($ in millions, except per share data) 9 14.0%12.2% Adjusted EBITDA¹ and Margin 11.2%11.5% Q2 interest expense decreased $1.0M YoY to $2.5 million, due to lower average debt balances Q2 YoY growth: Net income +85% Adj. Net income(1) +42% Adj. EBITDA(1) +18% Full-Year 2026 expected tax rate: ~21%–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 $20.1 $20.3 $19.0 $17.3 $23.7 14.4% 14.6% 13.3% 12.4% 15.4% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 (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 $5.6 $6.5 $6.4 $5.4 $10.4 $0.34 $0.39 $0.38 $0.32 $0.61 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 GAAP Net Income & EPS $9.5 $9.9 $9.3 $8.4 $13.5 $0.57 $0.59 $0.55 $0.50 $0.80 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Adjusted Net Income & Adjusted EPS¹
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© Allient Inc.| WORKING CAPITAL INVESTMENTS SUPPORTED GROWTH 10 ($ in millions) 2.7x 3.2x 3.1x 2024 2025 Q2 2026 60 57 59 2024 2025 Q2 2026 (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 FY26 CapEx Expectation: $12 million – $15 million Financial priorities: 1. Reduce inventory and strengthen working capital management 2. Take out costs 3. Reduce debt Cash provided by operating activities variance was primarily due to accounts receivable timing and investments in inventory to support rapid growth and strategic buys of critical materials to mitigate supply constraints. Three Months Ended Six Months Ended 6/30/26 6/30/25 6/30/26 6/30/25 Net cash provided by operating activities $ 14.0 $ 24.5 $ 20.1 $ 38.4 Capital expenditures (CapEx) (4.9) (2.1) (7.1) (3.2) Operating free cash flow (FCF)(1) $ 9.1 $ 22.4 $ 13.1 $ 35.2
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© Allient Inc.| CONTINUED DELEVERAGING STRENGTHENS BALANCE SHEET FLEXIBILITY Debt down $7.1M YTD $162.0 million of unused revolver capacity Bank leverage ratio² well within covenant requirements 11 ($ 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 June 30, 2026 Dec 31, 2025 Cash and cash equivalents $ 42.1 $ 40.7 Total debt 173.3 180.4 Total net debt 131.2 139.7 Shareholders’ equity 312.3 301.5 Total capitalization $ 485.6 $ 481.8 Debt/total capitalization 35.7% 37.4% Net debt/net total capitalization 29.6% 31.7% Leverage ratio¹ 1.63x 1.82x Bank leverage ratio² 2.07x 2.35x
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© Allient Inc.| RECORD ORDERS AND HIGHER BACKLOG IMPROVE VISIBILITY INTO SECOND HALF 2026 Book:Bill 1.31x Orders increased 49% YoY and 27% sequentially, with strength led by Industrial and Aerospace & Defense Backlog remains healthy, with most expected to convert to revenue within three to nine months $135.0 $133.1 $145.1 $158.1 $201.3 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Orders $236.6 $231.0 $232.9 $251.0 $298.0 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Backlog 12 $550.9 $637.6 2025 TTM Q2 2026 ($ in millions)
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© Allient Inc.| Execution and Growth Priorities • Industrial automation, data center and other infrastructure, aerospace & defense, and medical applications continue to align the portfolio with attractive growth verticals • Diversified end markets and global operations support resilience in a dynamic macro and trade environment Margin and Cash Discipline • STAN and broader optimization actions continue to support margin expansion • Focused on cash generation, disciplined capital spending and continued deleveraging Positioned for Continued Growth • Stronger demand, record orders and increased backlog support improved visibility • Building momentum with improving earnings power 13 EXECUTING WITH DISCIPLINE WHILE POSITIONING FOR CONTINUED GROWTH¹ (1) Outlook provided on August 6, 2026
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© Allient Inc.| 14 CONFERENCE CALL AND WEBCAST PLAYBACK 14 Replay Number: 412-317-6671 passcode: 13761057 Telephone replay available through Thursday, August 20, 2026 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 June 30, Sept 30, Dec 31, Mar 31, June 30, 2025 2025 2025 2026 2026 Net income $ 5,617 $ 6,477 $ 6,383 $ 5,357 $ 10,391 Non-GAAP adjustments, net of tax (1) Amortization of intangible assets - net 2,394 2,399 2,391 2,392 2,400 Foreign currency loss – net 637 356 80 15 263 Acquisition and integration-related costs – net 18 13 5 - - Restructuring and business realignment costs - net 859 640 412 660 491 Adjusted Net Income $ 9,525 $ 9,885 $ 9,271 $ 8,424 $ 13,545 Average Diluted Shares Outstanding 16,713 16,780 16,803 16,879 16,875 Diluted earnings per share $ 0.34 $ 0.39 $ 0.38 $ 0.32 $ 0.61 Adjusted diluted earnings per share $ 0.57 $ 0.59 $ 0.55 $ 0.50 $ 0.80 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.
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© Allient Inc.| 17 ADJUSTED NET INCOME RECONCILIATION For twelve months ended Dec 31, Dec 31, June 30, 2024 2025 2026 Net income $ 13,166 $ 22,034 $ 28,608 Non-GAAP adjustments, net of tax (1) Amortization of intangible assets - net 9,726 9,553 9,582 Foreign currency loss / (gain) – net (64) 1,592 714 Acquisition and integration-related costs – net 341 36 18 Restructuring and business realignment costs - net 1,510 3,059 2,203 Non-GAAP Adjusted Net Income $ 24,679 $ 36,274 $ 41,125 Average Diluted Shares Outstanding 16,603 16,732 16,834 Diluted earnings per share $0.79 $1.32 $1.69 Adjusted diluted earnings per share $1.49 $2.17 $2.44 ($ 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 23% applicable to the non-GAAP adjustments.
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© Allient Inc.| 18 ADJUSTED EBITDA RECONCILIATION ($ in thousands) For the three months ended June 30, Sept 30, Dec 31, Mar 31, June 30, 2025 2025 2025 2026 2026 Net income $ 5,617 $ 6,477 $ 6,383 $ 5,357 $ 10,391 Interest expense 3,552 3,401 2,587 2,553 2,523 Provision for income taxes 1,685 1,845 2,267 1,426 2,628 Depreciation and amortization 6,401 6,423 6,302 6,210 6,191 EBITDA 17,255 18,146 17,539 15,546 21,733 Stock compensation expense 835 835 840 848 998 Acquisition and integration-related costs 23 17 7 - - Restructuring and business realignment costs 1,122 836 536 862 641 Foreign currency loss 832 465 105 20 343 Adjusted EBITDA $ 20,067 $ 20,299 $ 19,027 $ 17,276 $ 23,715 Revenue $ 139,578 $ 138,743 $ 143,354 $ 138,915 $ 153,770 Adjusted EBITDA Margin 14.4% 14.6% 13.3% 12.4% 15.4% 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.
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© Allient Inc.| 19 ADJUSTED EBITDA RECONCILIATION ($ in thousands, except per share data) For twelve months ended Dec 31, Dec 31, June 30, 2024 2025 2026 Net income $ 13,166 $ 22,034 $ 28,608 Interest expense 13,296 13,175 11,064 Provision for income taxes 3,692 6,700 8,166 Depreciation and amortization 25,891 25,407 25,126 EBITDA $ 56,045 $ 67,316 $ 72,964 Stock-based compensation expense 4,147 3,430 3,521 Acquisition and integration-related costs 445 47 24 Restructuring and business realignment costs 1,971 3,993 2,875 Foreign currency loss (gain) (83) 2,079 933 Adjusted EBITDA $ 62,525 $ 76,865 $ 80,317 Revenue $ 529,968 $ 554,478 $ 574,782 Adjusted EBITDA Margin 11.8% 13.9% 14.0% 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.
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© Allient Inc.| 20 REVENUE EXCLUDING FOREIGN CURRENCY EXCHANGE AND CALCULATION OF ORGANIC REVENUE ($ in thousands) In addition to reporting revenue and net income, which are U.S. generally accepted accounting principle (“GAAP”) measures, the Company presents Revenue excluding foreign currency exchange rate impacts, Organic revenue, 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), total net debt, and leverage ratio, 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 Six months ended June 30, 2026 June 30, 2026 Revenue as reported $ 153,770 $ 292,685 Foreign currency impact - (favorable) / unfavorable (1,255) (6,341) Revenue excluding foreign currency exchange impacts $ 152,515 $ 286,344 Three months ended Six months ended June 30, 2026 June 30, 2026 Revenue change over prior year 10.2 % 7.5 % Less: Impact of acquisitions and foreign currency (0.9) (2.4) Organic growth 9.3 % 5.1 %
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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. June 30, 2026 December 31, 2025 Total debt $ 173,337 $ 180,389 Less: cash and cash equivalents $ 42,088 $ 40,705 Total net debt (Non-GAAP) $ 131,249 $ 139,684 Adjusted EBITDA (Non-GAAP) $ 80,317 $ 76,865 Leverage Ratio (Non-GAAP) 1.63 1.82
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© Allient Inc. Dick Warzala Chairman, President & CEO Jim Michaud Chief Financial Officer August 6, 2026 Second Quarter Fiscal Year 2026 Financial Results Call Nasdaq: ALNT