Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Alliance Laundry Reports Q3 Earnings
Nov 4, 2004
 Printable format
 Email this Article
 Search

Alliance Laundry Holdings LLC of Ripon, WI, U.S. announced results for the third quarter and 9 months ended Sept. 30, 2004.

The commercial laundry equipment maker reported that net revenues for the third quarter decreased U.S. $1.3 million, or 1.9 percent, to $65.1 million from $66.4 million for the same period in 2003. Net income for the quarter decreased $1.5 million to net income of $3.0 million as compared to net income of $4.5 million for the prior-year period. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the third quarter of 2004 decreased $1.3 million to $11.9 million as compared to EBITDA of $13.2 million for the third quarter of 2003.

Alliance Laundry said the overall revenue decrease was primarily due to lower commercial laundry revenue of $3.7 million and lower service parts revenue of $0.1 million, which were partially offset by higher consumer laundry revenue of $2.5 million. The decrease in net income for the third quarter was primarily due to lower gross profit of $1.4 million and higher interest expense of $0.3 million, partially offset by lower selling, general and administrative expenses of $0.2 million, the company said.

Net revenues for the 9 months ended Sept. 30, 2004 increased $6.2 million, or 3.1 percent, to $204.8 million from $198.6 million for the same period in 2003. Net income for the 9 months increased $3.8 million to $13.5 million as compared to net income of $9.7 million for the prior-year period. EBITDA for the 9 months ended Sept. 30, 2004 was $38.9 million as compared to EBITDA of $38.4 million for the 9 months ended September 30, 2003.

"We are extremely pleased with our year to date results with revenues up $6.2 million and net income up $3.8 million year over year," stated Thomas F. L'Esperance, chairman and CEO. "During the third quarter of 2004, we have paid down $9.1 million on long-term debt. We will continue to focus on top line growth in 2004 and 2005 to help offset higher medical and material costs."

Back to Daily News

 

Daily News

...........................................................

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: AHRI Annual Meeting registration open for just 1 more week

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

Oct 17, 2014: Smart devices shipments forecast to show strong growth

Oct 16, 2014: Helen of Troy sales and earnings exceed expectations

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows