Slide 1: First Quarter Fiscal Year 2026 Financial Results Call
Nasdaq: ALNT May 7, 2026 First Quarter Fiscal Year 2026 Financial Results Call Dick Warzala Jim Michaud Chairman, President & CEO Chief Financial Officer © Allient Inc.
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT 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 pre
Slide 3: Q1 Highlights: Solid Start to 2026 Driven by Margin Expansion and Bookings Momentum
Q1 HIGHLIGHTS: SOLID START TO 2026 DRIVEN BY MARGIN EXPANSION AND BOOKINGS MOMENTUM Revenue Net Income Growth in revenue, gross profit, +5% YoY +51% YoY operating income and earnings $138.9M $5.4M despite a still variable demand environment Gross Margin Q1 Orders Operational discipline supported +50
Slide 4: Revenue Growth Across Key Verticals Led by Industrial and Vehicle Demand
REVENUE GROWTH ACROSS KEY VERTICALS LED BY INDUSTRIAL AND VEHICLE DEMAND ($ in millions; narrative compared with prior-year period unless otherwise noted) Quarters Q1 26 market performance (YoY) + 8% Industrial (Power quality to data $139.6 $138.7 $143.4 $138.9 centers & industrial automation) $132.
Slide 5: Diversified End Markets Continue to Support Durable Growth
DIVERSIFIED END MARKETS CONTINUE TO SUPPORT DURABLE GROWTH Revenue by Market ($ in millions) $516.1 $560.6 5% Distribution 4% YoY Change and Market Drivers A&D 14% Reflects defense and aerospace program timing, partially 15% + 2% offset by M10 Booker Tank program cancellation 15% Medical 15% Higher
Slide 6: Gross Margin Expansion
GROSS MARGIN EXPANSION ($ in millions; narrative compared with prior-year period unless otherwise noted) Gross Profit and Margin - Quarters $46.4 $46.2 $46.4 $45.4 $42.8 Q1 26 margin expanded 50 bps YoY + Higher volume + Favorable Mix + Simplify to Accelerate NOW 32.2% 33.2% 33.3% 32.4% 32.7% + Lean
Slide 7: Operating Margin Improved Year Over Year Amid Elevated Q1 Costs
OPERATING MARGIN IMPROVED YEAR OVER YEAR AMID ELEVATED Q1 COSTS ($ in millions; narrative compared with prior-year period unless otherwise noted) Operating Income and Margin - Quarters Q1 26 margin expanded 10 bps YoY $11.7 $12.2 $11.4 Q1 26 SG&A was 16.1% of sales, $8.8 $9.3 up 120 bps YoY Reflects
Slide 8: Earnings Growth Reflects Improved Profitability and Lower Interest Expense
EARNINGS GROWTH REFLECTS IMPROVED PROFITABILITY AND LOWER INTEREST EXPENSE ($ in millions, except per share data) Q1 YoY growth: GAAP Net Income & EPS Adjusted Net Income & Adjusted EPS¹ Net income +51% $9.5 $9.9 $9.3 Adj. Net income(1) +11% $6.5 $6.4 $7.6 $8.4 $5.6 $5.4 Adj. EBITDA(1) (1%) $3.6 Ful
Slide 9: Focused on Working Capital, Cash Discipline and Debt Reduction
FOCUSED ON WORKING CAPITAL, Financial priorities: CASH DISCIPLINE AND DEBT REDUCTION 1. Reduce inventory and strengthen ($ in millions) working capital management 2. Take out costs Three Months Ended 3. Reduce debt 3/31/26 3/31/25 Inventory Turnover 3.2x Net cash provided by operating activities $ 6
Slide 10: Continued Deleveraging Strengthens Balance Sheet Flexibility
CONTINUED DELEVERAGING STRENGTHENS BALANCE SHEET FLEXIBILITY ($ in millions) CAPITALIZATION Mar 31, Dec 31, Balance sheet flexibility improved 2026 2025 further in Q1 Cash and cash equivalents $ 41.2 $ 40.7 Debt down $3.1M in the quarter Total debt 177.3 180.4 Bank leverage ratio² of 2.24x at Total
Slide 11: Strong Orders and Backlog Support Growth Visibility
STRONG ORDERS AND BACKLOG SUPPORT GROWTH VISIBILITY ($ in millions) Orders $571.3 $550.9 Book:Bill 1.14x $145.1 $158.1 $137.6 $135.0 $133.1 Strong Q1 bookings support improved growth visibility into the balance of 2026 Orders increased 9% sequentially Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 2025 TTM and 15% y
Slide 12: Building on Momentum with Discipline, Flexibility and Long-Term Growth Drivers
BUILDING ON MOMENTUM WITH DISCIPLINE, FLEXIBILITY AND LONG-TERM GROWTH DRIVERS¹ Execution and Growth Priorities • Strong Q1 bookings support demand visibility into the balance of 2026 • Industrial automation and power quality for data center infrastructure continue to align the portfolio with attrac
Slide 13: Conference Call and Webcast Playback
CONFERENCE CALL AND WEBCAST PLAYBACK Replay Number: 412-317-6671 passcode: 13759860 Telephone replay available through Thursday, May 21, 2026 Webcast / Presentation / Replay available at wwwˌallientˌcom/investors Transcript, when available, at wwwˌallientˌcom/investors | © Allient Inc. 13
Slide 14: Supplemental Information
Nasdaq: ALNT Supplemental Information © Allient Inc. 14
Slide 15: Adjusted Net Income Reconciliation
ADJUSTED NET INCOME RECONCILIATION ($ in thousands, except per share data) For the three months ended Mar 31, June 30, Sept 30, Dec 31, Mar 31, 2025 2025 2025 2025 2026 Net income $ 3,557 $ 5,617 $ 6,477 $ 6,383 $ 5,357 Non-GAAP adjustments, net of tax (1) Amortization of intangible assets - net 2,3
Slide 16: Adjusted Net Income Reconciliation
ADJUSTED NET INCOME RECONCILIATION ($ in thousands, except per share data) For twelve months ended Dec 31, Dec 31, Mar 31, 2024 2025 2026 Net income $ 13,166 $ 22,034 $ 23,834 Non-GAAP adjustments, net of tax (1) Amortization of intangible assets - net 9,726 9,553 9,576 Foreign currency loss / (gain
Slide 17: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION ($ in thousands) For the three months ended Mar 31, June 30, Sept 30, Dec 31, Mar 31, 2025 2025 2025 2025 2026 Net income $ 3,557 $ 5,617 $ 6,477 $ 6,383 $ 5,357 Interest expense 3,635 3,552 3,401 2,587 2,553 Provision for income taxes 903 1,685 1,845 2,267 1,426 Depre
Slide 18: Adjusted EBITDA Reconciliation
ADJUSTED EBITDA RECONCILIATION ($ in thousands, except per share data) For twelve months ended Dec 31, Dec 31, Mar 31, 2024 2025 2026 Net income $ 13,166 $ 22,034 $ 23,834 Interest expense 13,296 13,175 12,093 Provision for income taxes 3,692 6,700 7,223 Depreciation and amortization 25,891 25,407 2
Slide 19: Revenue Excluding Foreign Currency Exchange and Calculation of Organic Revenue
REVENUE EXCLUDING FOREIGN CURRENCY EXCHANGE AND CALCULATION OF ORGANIC REVENUE ($ in thousands) Three Months Ended March 31, 2026 Revenue as reported $ 138,915 Foreign currency impact - (favorable) / unfavorable (5,085) Revenue excluding foreign currency exchange impacts $ 133,830 Three months ended
Slide 20: Total Net Debt and Leverage Ratio Reconciliation
TOTAL NET DEBT AND LEVERAGE RATIO RECONCILIATION ($ in thousands) March 31, 2026 December 31, 2025 Total debt $ 177,301 $ 180,389 Less: cash and cash equivalents $ 41,175 $ 40,705 Total net debt (Non-GAAP) $ 136,126 $ 139,684 Adjusted EBITDA (Non-GAAP) $ 76,669 $ 76,865 Leverage Ratio (Non-GAAP) 1.7
Slide 21: First Quarter Fiscal Year 2026 Financial Results Call
Nasdaq: ALNT May 7, 2026 First Quarter Fiscal Year 2026 Financial Results Call Dick Warzala Jim Michaud Chairman, President & CEO Chief Financial Officer © Allient Inc.