From their earnings release 2nd quarter
ALLIANCE LAUNDRY HOLDINGS LLC REPORTS 2013 SECOND QUARTER EARNINGS
Record revenues and operational execution lead to increased earnings in the second quarter
Ripon, Wis. – August 5, 2013 — Alliance Laundry Holdings LLC announced today results for the three and
six months ended June 30, 2013.
Net revenues for the quarter ended June 30, 2013 increased $13.5 million, or 10.4%, to $142.4 million from
$128.9 million for the quarter ended June 30, 2012. Our net income for the quarter ended June 30, 2013
increased $4.0 million to $10.0 million from $6.0 million for the quarter ended June 30, 2012. Adjusted
EBITDA (see “About Non-GAAP Financial Measures” below) for the quarter ended June 30, 2013 increased
$4.6 million to $29.0 million from $24.4 million for the quarter ended June 30, 2012.
The net revenues increase of $13.5 million was attributable to increases in United States & Canada revenues of
$11.2 million, Europe revenues of $1.5 million, Latin America revenues of $1.1 million and Middle East &
Africa revenues of $0.5 million. These increases were partially offset by lower Asia revenues of $0.8 million.
The net income increase of $4.0 million for the quarter ended June 30, 2013 was attributable to improved
gross profit of $6.9 million and lower loss from early extinguishment of debt of $6.2 million offset by higher
interest expense of $4.8 million, higher selling, general and administrative expenses of $2.5 million, higher
other costs of $0.3 million and a higher provision for income taxes of $1.6 million.
Net revenues for the six months ended June 30, 2013 increased $18.9 million, or 7.7%, to $265.0 million from
$246.1 million for the six months ended June 30, 2012. Our net income for the six months ended June 30,
2013 increased $3.2 million to $14.7 million from $11.5 million for the six months ended June 30, 2012.
Adjusted EBITDA for the six months ended June 30, 2013 increased $8.6 million to $51.4 million from $42.8
million for the six months ended June 30, 2012.
The net revenues increase of $18.9 million was attributable to increases in United States & Canada revenues of
$14.9 million, Europe revenues of $1.5 million, Latin America revenues of $1.0 million, Asia revenues of $0.9
million and Middle East & Africa revenues of $0.6 million.
In announcing the Company’s results, CEO Michael D. Schoeb said, “We are pleased to report record
revenues for the 2013 second quarter and significantly increased earnings versus the prior year. Strong demand
in the U.S. from new products, improved economic conditions and continuing momentum in international
markets contributed to higher sales. We were encouraged to see double digit growth in three of our five
geographic segments.”
Schoeb concluded, “While a level of caution remains around the broader economic environment, we continue
to be confident in the opportunities that lie ahead. Our continued investments in new products, value-added
services and international will enhance our market position across the globe.”
I agree. They must be doing something right.
