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Alliance Laundry Holdings Reports 1Q 2008 Earnings
May 13, 2008
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Alliance Laundry Holdings LLC announced results for the three months ended March 31, 2008. Net revenues for the quarter ended March 31, 2008 increased US$13.4 million, or 13.8%, to $109.9 million from $96.5 million for the quarter ended March 31, 2007. Net income for the quarter ended March 31, 2008 was $1.9 million as compared to $1.5 million for the quarter ended March 31, 2007. The overall net revenue increase of $13.4 million was attributable to higher commercial laundry revenues of $13.5 million, higher service parts revenue of $0.6 million, and higher European Operations revenue of $1.6 million, partially offset by higher worldwide sales eliminations of $2.3 million.

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