Financial Performance - Net revenues for Q3 2025 were $437.6 million, a 14% increase from $384.3 million in Q3 2024, driven by strong volume performance and price increases [4]. - Net income reached $32.9 million, a 620% increase compared to a net loss of $(6.3) million in the prior year quarter, with a net income margin of 8%, up 920 basis points year-over-year [5]. - Adjusted EBITDA was $110.8 million, reflecting a 16% increase from $95.9 million in the prior year quarter, with an adjusted EBITDA margin of 25%, an increase of 40 basis points [6]. - Net income for the three months ended September 30, 2025, was $32,896,000, compared to a loss of $6,322,000 in the same period of 2024, representing a significant turnaround [32]. - The company reported comprehensive income of $38,865,000 for the three months ended September 30, 2025, compared to $14,695,000 in the same period of 2024 [32]. - For the nine months ended September 30, 2025, net revenues totaled $1.27 billion, a 14.5% increase from $1.11 billion in the same period of 2024 [40]. - The company reported a net income of $81.2 million for the nine months ended September 30, 2025, compared to $61.3 million in the prior year [42]. - Adjusted net income for Q3 2025 was $48.4 million, compared to $33.0 million in Q3 2024, showing strong operational performance [42]. Revenue Breakdown - North America revenue was $330.7 million, a 14% increase from $289.2 million in the prior year quarter, with adjusted EBITDA of $95.4 million, up 13% [9]. - International revenue was $106.9 million, a 12% increase from $95.1 million in the prior year quarter, with adjusted EBITDA of $25.7 million, a 9% increase [10]. - Segment net revenues for North America reached $330,742,000 for the three months ended September 30, 2025, a 14.4% increase from $289,242,000 in 2024 [38]. - The adjusted EBITDA margin for the North America segment was 28.9% for the three months ended September 30, 2025, slightly down from 29.1% in the same period of 2024 [38]. - Segment Adjusted EBITDA for Q3 2025 was $121.1 million, up from $107.7 million in Q3 2024, reflecting a margin improvement [40]. Assets and Liabilities - Total current assets increased to $715,015,000 as of September 30, 2025, up from $668,157,000 at December 31, 2024, reflecting a growth of approximately 7% [33]. - Total liabilities decreased to $3,040,574,000 as of September 30, 2025, from $3,109,433,000 at December 31, 2024, indicating a reduction of approximately 2.2% [34]. - The company’s total assets grew to $2,904,152,000 as of September 30, 2025, up from $2,832,105,000 at December 31, 2024, reflecting an increase of about 2.5% [34]. - Cash, cash equivalents, and restricted cash at the end of the period were $159,821,000, compared to $149,948,000 at the end of the previous period, indicating a growth of approximately 6% [35]. - Inventories increased to $154,861,000 as of September 30, 2025, from $133,494,000 at December 31, 2024, marking a rise of approximately 16% [33]. Debt and Financing - The company completed a successful IPO on October 9, 2025, using proceeds to repay $525.0 million of debt, resulting in a 3.1x IPO adjusted net leverage ratio [16]. - The capital structure was strengthened with a 25 basis point interest rate reduction on the Term Loan B facility and a voluntary $135.0 million debt paydown [16]. - Alliance received a credit rating upgrade from S&P Global to B+ (positive) and an outlook upgrade from Moody's Ratings to B2 (positive) [16]. - Net debt as of September 30, 2025, was $1.80 billion, with a net debt to adjusted EBITDA ratio of 4.3x [44]. - The company incurred $2.4 million in refinancing and debt-related costs in Q3 2025, down from $33.0 million in Q3 2024 [42]. Innovation and Acquisitions - The company launched the industry's largest stack tumbler and a new cashless payment technology solution, Scan-Pay-Wash, enhancing its innovation leadership [16]. - Alliance acquired Metropolitan Laundry Machinery Sales, expanding its presence in the Northeast market [16].
ALH(ALH) - 2025 Q3 - Quarterly Results