Alliance Laundry Systems (NYSE:ALH) delivered a strong first outing as a newly public company on Thursday, unveiling third-quarter results that showed solid demand and margin expansion across its global operations.
In its debut earnings release since going public in October, the commercial laundry equipment maker reported adjusted earnings of $0.28 per share on $437.6 million in revenue. Sales were up 14% year over year, supported by higher volumes and continued pricing momentum in every end market.
Net income swung sharply into positive territory, rising to $32.9 million from a $6.3 million loss in the same quarter of 2024. Adjusted EBITDA improved 16% to $110.8 million, widening margins to 25.3%.
“Alliance delivered strong performance in our first reported quarter as a public company with double-digit growth on both the top and bottom line,” said Michael Schoeb, CEO of Alliance Laundry. “Using proceeds from our successful IPO in October, we meaningfully reduced leverage while investing in our key long-term growth opportunities.”
The company’s North America segment generated $330.7 million in revenue, up 14%, driven by double-digit gains across all three of its primary customer categories. International sales rose 12% to $106.9 million, reflecting broad-based strength in both mature and emerging regions.
Alliance used its IPO proceeds to pay down $525 million in debt, pulling its leverage ratio down to 3.1x. Management expects that the debt reduction, paired with a recent term loan repricing, will yield roughly $46 million in annual interest savings.
The company also underscored its ongoing innovation push, highlighting the launch of the industry’s largest stack tumbler and advancements in payment systems for the vended laundry segment. Executives noted that its localized manufacturing strategy continues to help mitigate tariff exposure in overseas markets.