|
Article Excerpt
RIPON, Wis. -- Alliance Laundry Holdings LLC announced today results for the three months ended March 31, 2009.
Net revenues for the quarter ended March 31, 2009 decreased $13.5 million, or 12.3%, to $96.4 million from $109.9 million for the quarter ended March 31, 2008. Our net income for the quarter ended March 31, 2009 increased $0.4 million to $2.3 million from $1.9 million for the quarter ended March 31, 2008. Adjusted EBITDA (see "About Non-GAAP Financial Measures" below) for the quarter ended March 31, 2009 was $13.5 million as compared to $17.7 million for the quarter ended March 31, 2008.
The overall net revenue decrease of $13.5 million included $2.2 million related to foreign exchange translation. Excluding the impact of foreign exchange translation, the Company's first quarter net revenues declined approximately 10.3%. The $13.5 million decrease was primarily attributable to a 7.5% decrease in United States and Canada revenues of $5.6 million, a decrease in Europe revenues of $6.1 million, which includes the unfavorable foreign exchange translation and a decrease in Latin America revenues of $1.9 million.
The overall net income increase of $0.4 million for the quarter ended March 31, 2009 was primarily attributable to lower selling, general and administrative expense of $4.8 million, lower interest expense of $4.4 million, and lower provision for...
|
|
More articles from Business Wire
Raser Technologies, Inc. Announces First Quarter Financial Results.(Fi..., May 11, 2009
SumTotal's Board of Directors Determines That Proposal From Vista Equi..., May 11, 2009
CEMEX Demonstrates Significant Progress in its Sustainability Commitme..., May 11, 2009
Trapster Integrates its iPhone App with Facebook and Twitter., May 11, 2009
Cost Plus, Inc. Announces Reporting Date for First Quarter 2009 Financ..., May 11, 2009
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
