Allient Inc. 2025年季度报告

Form10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 OR ALLIENT INC. (Exact name of Registrant as Specified in Its Charter) Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or15(d)of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that theRegistrant was required to file such reports), and (2)has been subject to such filing requirements for the past Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required tobe submitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-acceleratedfiler, smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Large acceleratedAccelerated filer⌧Non-acceleratedSmaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant toSection 13(a) of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Number of Shares of the only class of Common Stock outstanding:16,928,886as of May 7, 2025 ALLIENT INC.INDEX ALLIENT INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except per share data) CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME(In thousands, except per share data)(Unaudited) ALLIENT INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ALLIENT INC.UNAUDITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.BASIS OF PREPARATION AND PRESENTATION Allient Inc. (“Allient” or the “Company”) is engaged in the business of designing, manufacturing, and sellingprecision motion, control, power and structural composites to provide integrated system solutions as well as The accompanying unaudited condensed consolidated financial statements include the accounts of the Companyand its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in The assets and liabilities of the Company’s foreign subsidiaries are translated into U.S. dollars using end ofperiod exchange rates. Changes in reported amounts of assets and liabilities of foreign subsidiaries that occur as aresult of changes in exchange rates between the foreign subsidiaries’ functional currencies and the U.S. dollar areincluded in foreign currency translation adjustment. Foreign currency translation adjustment is included in The condensed consolidated financial statements included herein have been prepared by the Company pursuant tothe rules and regulations of the Securities and Exchange Commission (“SEC”) and include all adjustments whichare, in the opinion of management, necessary for a fair presentation. Certain information and footnote disclosuresnormally included in financial statements which are prepared in accordance with accounting principles generally The preparation of financial statements in accordance with U.S. GAAP requires management to make certainestimates and assumptions. Such estimates and assumptions affect the reported amounts of assets and liabilitiesas well as disclosure of contingent assets and liabilities at the date of the condensed consolidated financial It is suggested that the accompanying condensed consolidated financial statements be read in conjunction withthe Consolidated Financial Statements and related Notes to such statements included in the Annual Report on Recently Issued Accounting Pronouncements In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income TaxDisclosures”. This enhances the disclosures around rate reconciliation, income taxes paid, and other relatedtopics. The standard is effective for annual periods beginning after December 15, 2024. The Company is In November 2024, the FASB issued ASU 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)”. This improves financial reporting by requiring thatpublic business entities disclose additional information about specific expense categories in the notes to financialstatements at interim and annual reporting periods. The amendments in this update are effective for annual ALLIENT INC.UNAUDITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 2.ACQUISITIONS On January 11, 2024, the Company acquired100% of the outstanding shares of SNC Manufacturing Co., Inc. (aWisconsin corporation) and Acutran de Mexico, S.A. de C.V. (a Mexican corporation), (collectively “SNC”), apremier designer and global manufacturer of electrical transformer