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老牌洗衣企业Alliance Laundry冲刺纽交所:估值50亿美元
Sou Hu Cai Jing· 2025-09-14 12:13
Core Viewpoint - Alliance Laundry, a century-old laundry company, has filed for an IPO on the NYSE under the ticker "ALH," marking a significant strategic shift for its parent company BDT & MSD Partners, which previously considered selling the business valued at $5 billion including debt [2][11]. Company Overview - Alliance Laundry was established in 1908 and has evolved from Barlow & Seelig Manufacturing, Co. into a leading manufacturer and supplier of laundry solutions over its 117-year history [5]. - The company operates five well-known brands that cater to various needs in the laundry industry, with Speed Queen being a standard in self-service laundries and professional laundry rooms globally [4][7]. Financial Performance - For the years 2022, 2023, and 2024, Alliance Laundry reported revenues of $1.376 billion, $1.365 billion, and $1.508 billion respectively, with gross profits of $419 million, $473 million, and $551 million [11]. - In the first half of 2025, the company achieved revenues of $837 million, a 14.8% increase from $729 million in the same period the previous year, with a gross profit of $319 million, up 18.1% from $270 million [11]. - The net income for 2022, 2023, and 2024 was $99.65 million, $88.23 million, and $98.32 million respectively, while the net income for the first half of 2025 was $48.26 million, a 28.6% decrease from $67.58 million year-over-year [11]. - As of June 30, 2025, Alliance Laundry had total assets of $2.964 billion, total liabilities of $3.141 billion, and negative equity of $177 million [11].