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ALH

Alliance Laundry Holdings Inc.

ALH

Alliance Laundry Holdings Inc. • NYSE
$23.77 ▲ 0.46% (+0.11)
Market Cap $4.07 B
52w High $27.48
52w Low $22.50
Dividend Yield 0%
P/E 39.62
Volume 273.11K
Outstanding Shares 171.21M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $437.606M ▲ $76.461M ▲ $32.896M ▲ 7.517% ▲ $0.17 ▲ $103.272M ▼
Q2-2025 $418.378M $75.439M $24.131M 5.768% $0.14 $107.145M
Q1-2025 $418.378M ▲ $75.439M ▲ $24.131M ▼ 5.768% ▼ $0.14 ▲ $107.145M ▲
Q4-2024 $395.136M ▲ $71.247M ▲ $37.064M ▲ 9.38% ▲ $0.09 ▲ $98.534M ▲
Q3-2024 $384.295M $71.017M $-6.322M -1.645% $-0.032 $57.191M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $136.168M ▼ $2.904B ▼ $3.041B ▼ $-136.422M ▲
Q2-2025 $222.587M $2.965B $3.141B $-176.495M
Q1-2025 $222.587M ▲ $2.965B ▲ $3.141B ▲ $-176.495M ▲
Q4-2024 $154.682M $2.832B $3.109B $-277.328M
Q3-2024 $154.682M $2.832B $3.109B $-277.328M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $32.896M ▲ $66.093M ▲ $-30.199M ▼ $-116.856M ▼ $-81.636M ▼ $52.901M ▲
Q2-2025 $24.131M $25.349M $-12.056M $12.617M $0 $17.05M
Q1-2025 $24.131M ▼ $25.349M ▼ $-12.056M ▲ $12.617M ▲ $0 ▼ $17.05M ▼
Q4-2024 $37.064M ▲ $78.129M ▲ $-32.155M ▲ $-5.859M ▼ $38.094M ▲ $58.268M ▲
Q3-2024 $-6.322M $30.697M $-37.91M $30.326M $24.973M $17.52M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been growing at a steady, mid‑single‑digit pace, which is healthy for a mature, industrial-style business. Profitability has improved more quickly than sales, suggesting the company has done a good job passing through price increases, managing costs, or both. Gross and operating margins have been moving up, which points to better operating efficiency and scale benefits. However, bottom‑line earnings have not grown as much as operating profit, indicating that interest expense, taxes, or other non‑operating items are eating into the gains. Overall, the income statement shows a solid, gradually improving business, but not yet a high‑profit, cash‑gushing machine. Resilience looks good, but earnings are still relatively modest compared with the size of the business.

Balance Sheet

Balance Sheet The balance sheet is the main area of concern. Total assets are fairly stable, but debt has increased meaningfully over the last couple of years, and reported equity has swung from positive to negative. That combination points to a highly leveraged structure, with lenders effectively funding most of the business. Negative equity can arise from leveraged transactions, dividends, or accounting adjustments, but whatever the cause, it reduces the financial cushion available in a downturn. Cash on hand is reasonable but not large compared with the debt load, so refinancing, interest costs, and covenant terms matter a lot. The company looks operationally strong but financially tight, with limited room for major missteps until leverage is worked down.

Cash Flow

Cash Flow Operating cash flow has been consistently positive, which supports the quality of reported earnings. Cash generation improved nicely from earlier years, though there was some softening in the most recent period compared with the prior year. Even so, the business is still producing more cash than it spends on capital investments, leaving room for interest payments and some debt reduction. Capital spending has been steady and manageable, suggesting disciplined investment rather than aggressive expansion at any cost. Free cash flow is positive but not abundant relative to the debt level, so future cash flow growth and careful capital allocation will be important to gradually strengthen the balance sheet.

Competitive Edge

Competitive Edge Alliance Laundry appears to have a very strong competitive position in its niche. A large share of the North American commercial laundry market, combined with a stable of well‑known brands like Speed Queen, UniMac, Huebsch, IPSO, and Primus, gives it scale, distribution reach, and customer trust that are hard for smaller rivals to match. Its singular focus on laundry, rather than being a general appliance maker, supports deep product expertise and tailored solutions. Durability and reliability are central to its value proposition, which matters a lot for commercial customers who cannot afford downtime. The company’s global footprint and diversified customer base across laundromats, on‑premises facilities, and industrial users also help reduce dependence on any one segment. The main competitive risks are ongoing price pressure from larger appliance groups, economic sensitivity in laundromat and construction activity, and the need to stay ahead on technology rather than just hardware.

Innovation and R&D

Innovation and R&D Innovation is a clear strength. The company has committed substantial resources to research and development over several years, with visible outcomes: touch‑screen control platforms, connected “smart” machines, and energy‑ and water‑efficient systems across its core brands. These enhancements make equipment more attractive to owners by improving throughput, reliability, and operating costs. The push into IoT, data analytics, and AI is especially important. Connected machines that enable remote monitoring, predictive maintenance, and performance optimization can deepen customer relationships and create recurring, higher‑margin service revenues. Features like the ProCapture lint‑capture system and advanced sensors show that R&D is being used to solve real customer pain points, not just to add marketing features. The opportunity is sizable, but execution risk remains: integrating hardware, software, data, and service models is complex, and cybersecurity and ongoing software support will be critical.

Summary

Alliance Laundry Holdings combines a strong operating franchise with a stretched capital structure. On the positive side, revenue is growing steadily, margins and operating profits have been improving, cash flows are consistently positive, and the company enjoys a commanding position in commercial laundry with powerful brands and a focused strategy. Its sustained investment in digital, connected, and more efficient machines positions it well for a future where customers care about uptime, data, and total cost of ownership, not just purchase price. On the risk side, leverage is high and reported equity is negative, making the company more sensitive to interest rates, refinancing conditions, and any downturn in demand. Earnings growth has not yet fully matched the improvement seen at the operating level, and free cash flow, while positive, has a lot of work to do against the debt load. The recent IPO provides additional capital and visibility, but long‑term success will hinge on translating its technological edge and market share into stronger net profitability and a more conservative balance sheet over time.

NEWS

November 13, 2025 · 7:00 AM UTC

Alliance Reports Third Quarter 2025 Results

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October 30, 2025 · 8:30 AM UTC

Alliance Laundry Announces Third Quarter 2025 Earnings Release and Conference Call Date

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October 8, 2025 · 4:59 PM UTC

Alliance Laundry Announces Pricing of Upsized Initial Public Offering

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