Allient: Q4 Earnings Snapshot

AMHERST, N.Y. (AP) — AMHERST, N.Y. (AP) — Allient Inc. (ALNT) on Tuesday reported fourth-quarter net income of $4.3 million.

The Amherst, New York-based company said it had net income of 26 cents per share. Earnings, adjusted for non-recurring costs, came to 55 cents per share.

The motion control product maker posted revenue of $141 million in the period.

For the year, the company reported profit of $24.1 million, or $1.48 per share. Revenue was reported as $578.6 million.

Allient shares have decreased roughly 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30, a drop of 29% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALNT at https://www.zacks.com/ap/ALNT