Strong Revenue Growth
Alliance Laundry reported a 14% year-over-year increase in revenue for the third quarter, bringing in $438 million. Year-to-date revenue also saw a 14% increase, reaching $1.27 billion.
Notable EBITDA Performance
Adjusted EBITDA for Q3 was $111 million, representing a 16% year-over-year growth, with a margin of 25.3%. Year-to-date adjusted EBITDA was $330 million, an increase of 13%.
Successful Debt Reduction
The company used over $500 million in IPO proceeds to pay down debt, achieving an IPO adjusted net leverage ratio of 3.1x at quarter end.
Innovative Product Launches
Launched new technologies including a 55-pound stack tumbler and Scan-Pay-Wash, a cashless payment technology.
North America Segment Growth
North America revenue increased by 14% in Q3, driven by robust growth across all three end markets.
International Segment Performance
International revenue rose by 12% in Q3, with strong growth across mature and developing markets.