Alliance Reports First Quarter 2026 Results

• First quarter Net revenues of $427 million, up 10% versus prior year
• First quarter Net income of $57 million compared to $17 million in the same period of 2025 with Net income margin of 13.3%; Adjusted Net Income of $63 million, up 85% versus prior year
• First quarter Adjusted EBITDA of $109 million, up 9% versus prior year, with Adjusted EBITDA Margin of 25.5%
• Repaid $65 million of debt in the quarter and Net Leverage reduced 0.2x to 2.6x
• Raises low end of full year 2026 guidance: revenue growth now expected at +6% to 7% and Adjusted EBITDA growth at +7% to 8%¹

RIPON, Wis., May 12, 2026 /PRNewswire/ — Alliance Laundry Holdings Inc. (NYSE: ALH) (“Alliance” or the “Company”), the global leader in commercial laundry equipment, today announced results for its first quarter ended March 31, 2026, and raised the low end of its full year 2026 guidance.

“Building on Alliance’s strong 2025, our first quarter reinforced what we’ve been talking about since becoming a public company: that a resilient, replacement-driven, essential industry, a market-leading position, and disciplined operational excellence deliver strong, sustainable outcomes,” said Michael Schoeb, CEO of Alliance. “Net revenues grew 10% with broad-based growth across all end markets and geographies, Adjusted EBITDA grew 9%, and Adjusted Net Income nearly doubled year over year. Our local-for-local manufacturing strategy continues to be a real competitive advantage in the current tariff environment, and we remain on track for our full year deleveraging target. The strength of our Q1 performance and growing visibility to the balance of the year give us confidence to raise the low end of our full year net revenue and Adjusted EBITDA guidance today.”

FIRST QUARTER 2026 CONSOLIDATED RESULTS

Net revenues increased 10% to $427 million compared to $390 million in the prior year quarter. Volume contributed approximately three percent, consistent with the Company’s full year outlook, with the balance driven by pricing actions and approximately one percent from foreign exchange. Growth was broad-based across all end markets in both the North America and International segments, reflecting the resilience and non-discretionary nature of commercial laundry demand.

Gross profit increased 8% to $157 million, representing a gross margin of 36.8%. On tariffs, pricing actions already in place continue to offset the Company’s approximately $20 million annualized exposure, with the domestic local-for-local manufacturing footprint providing a meaningful structural advantage.

Net income was $57 million compared to $17 million in the prior year quarter, with Net income margin of 13.3%. The year-over-year change reflects the growth in operating earnings plus significantly lower interest expense following debt reduction actions over the past twelve months.

Adjusted EBITDA increased 9% to $109 million, with Adjusted EBITDA Margin of 25.5%. Margin expansion from volume leverage, operational excellence, and supply chain efficiency was partially offset by incremental public company costs.

Adjusted Net Income increased 84.9% to $63 million versus $34 million in the prior year quarter, reflecting strong operating performance and the meaningful benefit of significantly lower interest expense as debt reduction over the past twelve months continues to flow through the income statement.

CASH FLOW AND BALANCE SHEET

Operating cash flow for the quarter was $80 million, up 76% vs. prior year, reflecting strong operating cash conversion and continued working capital discipline, consistent with the Company’s historical performance. The Company paid down $65 million in debt during the first quarter, ending the period with total debt of $1.3 billion and net debt of $1.2 billion. As a result, Net Leverage improved to 2.6x, a reduction of 0.2 turns from year end.

FIRST QUARTER 2026 RESULTS BY REPORTABLE SEGMENT

North America revenue increased 9% to $320 million, with Adjusted EBITDA up 8% to $87 million and Adjusted EBITDA Margin of 27.2%. Growth was broad-based across all end markets. On-Premise delivered solid results driven by predictable replacement demand, and Commercial-in-Home continued to outpace the broader industry. Pricing actions already in place continue to offset the approximately $20 million annualized tariff exposure, with the Company’s domestic manufacturing footprint providing structural protection.

Hasil antarabangsa meningkat 10% kepada $107 juta, dengan EBITDA Terlaras meningkat 13% kepada $33 juta dan Margin EBITDA Terlaras sebanyak 30.4%. Eropah menunjukkan prestasi yang kukuh merentasi semua pasaran akhir, dengan jumlah kos cadangan nilai pemilikan bergema dengan pangkalan pengendali yang aktif melabur dalam penggantian dan kecekapan tenaga. Asia Pasifik terus menyaksikan pertumbuhan yang kukuh, terutamanya dalam pasaran jualan yang baru muncul. Rantau Timur Tengah & Afrika, yang membentuk kira-kira 2% daripada hasil global, selaras dengan saiz sejarahnya, berkembang pada suku tersebut meskipun terdapat halangan serantau.

SOROTAN PERNIAGAAN SUKU PERTAMA 2026

Peralatan Digital dan Terhubung — Peralatan terhubung Alliance terus berkembang, dengan lebih 250,000 mesin terhubung pada akhir suku tahun. Scan/Pay/Wash, penyelesaian pembayaran tanpa tunai yang dilancarkan oleh Syarikat yang baru-baru ini tanpa memerlukan muat turun aplikasi, memproses lebih 100,000 transaksi pada bulan Mac sahaja, dengan jumlah dua kali ganda pada suku pertama 2026 berbanding suku keempat 2025.

Pemerolehan Pengedar — Syarikat telah menyelesaikan pemerolehan pengedar keduanya di New York pada suku pertama, iaitu pemerolehan ke-17 di AS sejak 2019. Pemerolehan ‘tuck-in’ ini menyatukan jenama Speed ​​Queen®, UniMac® dan Huebsch® di bawah satu pasukan dalam salah satu pasaran dobi komersial paling meriah di negara ini.

Persekitaran Tarif — Strategi pembuatan tempatan-untuk-tempatan Syarikat terus memberikan kelebihan struktur yang bermakna berbanding pesaing dengan rantaian bekalan yang lebih bergantung kepada import. Tindakan penetapan harga yang dilaksanakan terus mengimbangi pendedahan tarif tahunan Syarikat kira-kira $20 juta, dan Syarikat dilengkapi dengan baik untuk mengurus perkembangan baharu yang berpotensi dalam persekitaran perdagangan.

PANDUAN TAHUN PENUH 2026 YANG DIKEMAS KINI

Tinjauan Syarikat merangkumi EBITDA Terlaras dan Leveraj Bersih, yang merupakan ukuran bukan GAAP. Syarikat tidak memberikan anggaran keputusan masa depan tertentu untuk EBITDA Terlaras dan Leveraj Bersih berdasarkan GAAP kerana Syarikat tidak dapat meramalkan, dengan kepastian yang munasabah, item tertentu yang dikecualikan daripada EBITDA Terlaras, termasuk tetapi tidak terhad kepada caj berkaitan penstrukturan semula dan pemerolehan, caj rosot nilai aset bukan tunai dan keuntungan atau kerugian daripada pelupusan dan keuntungan/kerugian pertukaran asing atas pinjaman antara syarikat. Item ini tidak pasti dan akan bergantung pada beberapa faktor, termasuk keadaan industri, dan mungkin penting kepada keputusan Syarikat yang dikira mengikut GAAP. Syarikat tidak menyediakan penyelarasan antara panduan 2026 Syarikat dan ukuran GAAP yang paling setanding secara langsung kerana terlalu sukar untuk menyediakan penyelarasan kuantitatif GAAP AS yang boleh dipercayai tanpa usaha yang tidak munasabah.

Berdasarkan kekuatan prestasi suku pertama dan peningkatan keterlihatan terhadap baki tahun 2026, Syarikat sedang meningkatkan hujung terendah hasil tahun penuhnya dan panduan EBITDA Terlaras untuk tahun 2026.

Panduan pertumbuhan pendapatan telah dinaikkan kepada +6% hingga 7%, daripada julat sebelumnya +5% hingga 7%, dengan sumbangan yang sama dijangka daripada jumlah dan harga. Panduan pertumbuhan EBITDA terlaras telah dinaikkan kepada +7% hingga 8%, daripada julat sebelumnya +6% hingga 8%, memandangkan Syarikat menyedari peningkatan harga dan jumlah di samping inisiatif pengurangan kos yang berterusan. Semua andaian panduan lain kekal tidak berubah. Syarikat mengesahkan semula jangkaannya untuk mengurangkan Leveraj Bersih sebanyak kira-kira tiga suku pusingan pada tahun 2026, menjadikan Leveraj Bersih kepada julat 2x rendah menjelang akhir tahun.

CONFERENCE CALL INFORMATION

Alliance will host a conference call to discuss these results at 8:00 a.m. Eastern Time today, May 12, 2026.

A live audio webcast will be available on Alliance’s Investor Relations website at https://ir.alliancelaundry.com/news-events/ir-calendar. A replay of the webcast will be available after the call.

ABOUT ALLIANCE LAUNDRY

Alliance Laundry makes the world cleaner as a provider of the highest quality commercial laundry systems. Our laundry solutions are available under five respected brands, sold and supported by a global network of select distributors. We serve approximately 150 countries with a team of more than 4,000 employees. Our brands include Speed Queen®, UniMac®, Huebsch®, Primus® and IPSO®. Together, they present a full line of commercial washing machines, dryers, and ironers (with load capacities from 20–400 lb. or 9–180 kg.) and support service. You can also enjoy the superior wash and fabric care of commercial-grade laundry equipment in your home through our legendary Speed Queen® washers and dryers.

Untuk maklumat lanjut, sila layari www.alliancelaundry.com.

NON-GAAP FINANCIAL MEASURES

We regularly review non-GAAP measures to evaluate our business, measure our performance and manage our operations, including identifying trends affecting our business, formulating business plans and making strategic decisions. We believe that non-GAAP measures provide an additional way of viewing aspects of our operations that, when viewed together with our GAAP results, provide a more complete understanding of our results of operations and the factors and trends affecting our business. These non-GAAP financial measures are also used by our management to evaluate financial results and to plan and forecast future periods. Non-GAAP financial measures should be considered a supplement to, and not a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. Non-GAAP financial measures used by us may differ from the non-GAAP measures used by other companies, including our competitors.

“Adjusted EBITDA” represents Net income before provision for income taxes, interest expense, depreciation and amortization and is further adjusted to exclude certain expenses not representative of our ongoing operations and other charges not involving cash outlays and “Adjusted EBITDA Margin” represents Adjusted EBITDA divided by Net revenues.

“Adjusted Net Income” represents Net income adjusted to exclude certain expenses not representative of our ongoing operations and other charges. These adjustments include, but are not limited to, refinancing and debt related costs, share-based compensation, strategic transaction costs, intangible amortization, foreign exchange on intercompany loans and other non-recurring items.

“Net Debt” represents our total debt less Cash and cash equivalents.

“Net Debt to Adjusted EBITDA” or “Net Leverage” represents total debt less Cash and cash equivalents divided by Adjusted EBITDA for the relevant period.

SEGMENT INFORMATION

Our business is organized into two reportable segments, North America and International. The Company uses Segment net revenues, Segment Adjusted EBITDA and Segment Adjusted EBITDA Margin as its measures of performance. The Company allocates certain costs including manufacturing variances, customer support expenses and selling and general expenses which are incurred in our global operations to the reportable segments in determining Segment Adjusted EBITDA.

We define “Segment Adjusted EBITDA” as, on a segment basis, net income excluding interest income/expense, income taxes, depreciation and amortization. Segment Adjusted EBITDA is also adjusted for the discrete items that management excluded in analyzing the segments’ operating performance, such as refinancing and debt related costs, share-based compensation, strategic transaction costs, foreign exchange on intercompany loans and other non-recurring items which management believes are not indicative of the Company’s ongoing operating performance. Segment Adjusted EBITDA is a measure of operating performance of our reportable segments and may not be comparable to similar measures reported by other companies.

PERNYATAAN PANDANGAN HADAPAN

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify these forward-looking statements by the use of terms such as “expect,” “will,” “continue,” or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements represent our management’s beliefs and assumptions only as of the date of this press release. You should read this press release with the understanding that our actual future results may be materially different from what we expect. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, which include but are not limited to: expectations relating to revenues and other financial or business metrics; statements regarding the Company’s plans, guidance, growth, execution, costs and cost savings and any other statements of expectation or belief. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied in this press release. Such risk factors include, but are not limited to, those related to: the high degree of competition in the markets in which we operate; our reliance on the performance of distributors, route operators, suppliers, retailers and servicers; our ability to achieve and maintain a high level of product and service quality; fluctuations in the cost and availability of raw materials; our exposure to international markets, particularly emerging markets; our exposure to costs and difficulties of acquiring and integrating complementary businesses and technologies; and our exposure to worldwide economic conditions and potential global economic downturns.

Maklumat tambahan mengenai risiko dan ketidakpastian ini dan risiko serta ketidakpastian lain terkandung dalam bahagian bertajuk “Faktor Risiko” dalam Laporan Tahunan Syarikat pada Borang 10-K untuk tahun berakhir 31 Disember 2025. Maklumat tambahan akan disediakan dalam laporan suku tahunan kami pada Borang 10-Q, dan pemfailan serta laporan lain yang mungkin kami failkan dari semasa ke semasa dengan SEC. Kecuali seperti yang dikehendaki oleh undang-undang, kami tidak bertanggungjawab, dan tidak berhasrat untuk, mengemas kini kenyataan jangkaan ini, atau mengemas kini sebab-sebab keputusan sebenar mungkin berbeza secara material daripada yang dijangkakan dalam kenyataan jangkaan ini, walaupun maklumat baharu tersedia pada masa hadapan.

ALLIANCE LAUNDRY SYSTEMS CONTACTS:

Investor Contact:
Bob Calver
Vice President, Investor Relations
ir@alliancels.com

Hubungan Media:
Randy Radtke
Pengurus Kanan Kandungan dan Perkhidmatan Kreatif
randy.radtke@alliancels.com

 

 

 

 

 

 

 

 

 

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SUMBER Alliance Laundry Systems