$ALH

Alliance Laundry Holdings Inc.

CIK:0001317685|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Net revenues:
Net revenues	$ 476,755	$ 447,184	$ 903,642	$ 836,757
Costs and expenses:
Gross profit	189,896	174,189	347,085	319,210
Total operating expenses	84,248	80,339	157,631	150,877
Operating income	105,648	93,850	189,454	168,333
Interest expense, net	17,809	39,376	35,697	84,288
Other expenses/(income), net	7	13,787	(6,463)	20,908
Income before taxes	87,832	40,687	160,220	63,137
Provision for income taxes	19,163	9,653	34,635	14,874
Net income	68,669	31,034	125,585	48,263
Comprehensive income:
Net income	68,669	31,034	125,585	48,263
Foreign currency translation adjustment	(1,161)	36,447	(13,764)	53,186
Comprehensive income	$ 67,508	$ 67,481	$ 111,821	$ 101,449
Net income
Basic (in dollars per share)	$ 0.35	$ 0.18	$ 0.63	$ 0.28
Diluted (in dollars per share)	$ 0.34	$ 0.18	$ 0.62	$ 0.28
Weighted average number of common shares outstanding
Basic (in shares)	198,570,414	170,712,215	198,221,674	170,670,673
Diluted (in shares)	203,554,418	174,885,584	203,419,742	174,763,447
Nonrelated Party
Costs and expenses:
Selling, general, and administrative expenses	$ 84,139	$ 80,264	$ 157,467	$ 150,727
Related Party
Costs and expenses:
Selling, general, and administrative expenses	109	75	164	150
Equipment, service parts and other
Net revenues:
Net revenues	464,206	434,754	878,912	812,472
Equipment, service parts and other \| Nonrelated Party
Costs and expenses:
Costs and expenses	277,389	262,710	536,852	498,256
Equipment, service parts and other \| Related Party
Costs and expenses:
Costs and expenses	2,135	1,635	3,805	3,082
Equipment financing
Net revenues:
Net revenues	12,549	12,430	24,730	24,285
Equipment financing \| Nonrelated Party
Costs and expenses:
Costs and expenses	$ 7,335	$ 8,650	$ 15,900	$ 16,209

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Cash flows from operating activities:
Net income	$ 68,669	$ 31,034	$ 125,585	$ 48,263
Adjustments to reconcile Net income to net cash provided by operating activities:
Depreciation and amortization			44,723	45,958
Amortization and extinguishment of debt issuance costs			1,096	1,145
Amortization of original issue discount	492	409	1,073	807
Non-cash interest (income) expense			(7,366)	9,006
Non-cash loss on commodity contracts, net			121	227
Non-cash foreign exchange (gain)/loss, net			(6,468)	19,854
Non-cash stock-based compensation			4,287	1,771
(Gain)/loss on sale of property, plant, and equipment			(133)	318
Provision for credit losses			2,400	2,480
Deferred income taxes			591	(11,697)
Changes in assets and liabilities, net of the effects of acquisitions:
Accounts and equipment financing receivables, net			(9,922)	(11,351)
Other assets			7,686	(4,244)
Other liabilities			249	(15,754)
Net cash provided by operating activities			146,139	50,697
Cash flows from investing activities:
Capital expenditures			(13,873)	(16,597)
Acquisition of businesses, net of cash acquired			(3,185)	(3,084)
Proceeds on disposition of assets			296	137
Net cash used in investing activities			(13,583)	(24,111)
Cash flows from financing activities:
Payments on long-term borrowings			(115,000)	0
Cash paid for debt establishment and amendment fees			0	(1,877)
Repurchase of common stock			0	(2,342)
Taxes paid related to net share settlement of stock options			(8,684)	(70)
Net proceeds from stock options exercised			2,864	25
Proceeds from common stock issuance under employee purchase plan			209	0
Net cash (used in)/provided by financing activities			(98,158)	25,234
Effect of exchange rate changes on cash, cash equivalents, and restricted cash			(663)	1,595
Increase in cash, cash equivalents, and restricted cash			33,735	53,415
Cash, cash equivalents, and restricted cash at beginning of period			149,703	188,042	$ 188,042
Cash, cash equivalents, and restricted cash at end of period	183,438	241,457	183,438	241,457	149,703
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:
Cash and cash equivalents	159,467	222,587	159,467	222,587	123,102
Total cash, cash equivalents, and restricted cash shown in the Statement of Cash Flows	183,438	241,457	183,438	241,457	149,703
Supplemental disclosure of cash flow information:
Cash paid for income taxes			33,117	30,593
Supplemental disclosure of investing and financing non-cash activities:
Capital expenditures included in accounts payable			4,533	1,905
Nonrelated Party
Changes in assets and liabilities, net of the effects of acquisitions:
Inventories, net			(693)	(14,036)
Accounts payable			40,847	23,346
Related Party
Changes in assets and liabilities, net of the effects of acquisitions:
Inventories, net			(236)	154
Accounts payable			(61)	158
Variable Interest Entity, Primary Beneficiary
Changes in assets and liabilities, net of the effects of acquisitions:
Accounts receivable - restricted for securitization investors			(23,810)	(32,665)
Equipment financing receivables, net - restricted for securitization investors			(33,830)	(13,043)
Cash flows from investing activities:
Originations of equipment financing receivables, net - restricted for securitization investors			(32,094)	(40,516)
Collections of equipment financing receivables, net			35,273	35,949
Cash flows from financing activities:
Increase in asset backed borrowings owed to securitization investors			107,824	116,622
Decrease in asset backed borrowings owed to securitization investors			(85,371)	(87,124)
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:
Restricted cash	22,289	17,181	22,289	17,181	22,999
Supplemental disclosure of cash flow information:
Cash paid for interest			15,074	15,517
Consolidated Entity, Excluding Consolidated VIE
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:
Restricted cash	$ 1,682	$ 1,689	1,682	1,689	$ 3,602
Supplemental disclosure of cash flow information:
Cash paid for interest			$ 41,661	$ 76,651

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 159,467	$ 123,102
Inventories, net	149,936	146,860
Prepaid expenses and other current assets	32,178	28,862
Total current assets	747,208	675,882
Property, plant, and equipment, net	255,808	265,250
Operating lease right-of-use assets	21,377	20,741
Deferred income tax asset, net	3,244	3,169
Debt issuance costs, net	2,866	3,461
Goodwill	682,456	684,230
Intangible assets, net	730,083	754,737
Other long-term assets	3,879	3,097
Total assets	2,946,898	2,885,888
Current liabilities:
Current operating lease liabilities	5,994	5,927
Other current liabilities	148,033	153,592
Total current liabilities	522,022	484,326
Deferred income tax liability	169,366	169,355
Long-term operating lease liabilities	16,221	15,745
Other long-term liabilities	50,762	45,302
Total liabilities	2,444,283	2,493,770
Commitments and contingencies (See Note 17)
Stockholders' equity:
Redeemable preferred stock, $0.01 par value, 100,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.01 par value, 2,000,000,000 shares authorized, 198,751,901 and 197,532,147 issued, respectively, and 198,751,901 and 197,532,147 outstanding, respectively	1,988	1,975
Additional paid-in capital	508,032	509,369
Accumulated deficit	(50,819)	(176,404)
Accumulated other comprehensive income	43,414	57,178
Total stockholders' equity	502,615	392,118
Total liabilities and stockholders’ equity	2,946,898	2,885,888
Nonrelated Party
Current assets:
Inventories, net	148,879	146,039
Current liabilities:
Accounts payable	169,813	128,662
Related Party
Current assets:
Inventories, net	1,057	821
Current liabilities:
Accounts payable	1,791	1,852
Consolidated Entity, Excluding Consolidated VIE
Current assets:
Restricted cash	1,682	3,602
Accounts receivable, net	117,255	113,651
Equipment financing receivables, net	2,104	2,822
Equipment financing receivables, net	5,917	4,913
Current liabilities:
Current portion of long-term debt	97	113
Long-term debt, net	1,241,167	1,354,636
Variable Interest Entity, Primary Beneficiary
Current assets:
Restricted cash	22,289	22,999
Accounts receivable, net	165,663	141,973
Equipment financing receivables, net	96,634	92,011
Equipment financing receivables, net	494,060	470,408
Current liabilities:
Asset backed borrowings - owed to securitization investors	196,294	194,180
Asset backed borrowings - owed to securitization investors	$ 444,745	$ 424,406