Alliance Laundry (ALH) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 5.3% to $460.9M; Adjusted EBITDA increased 14% to $126.7M, with a 27.5% margin, up 217 bps YoY.

• North America grew, International profitability improved amid mixed regional demand, and FY26 Adjusted EBITDA growth guidance rose to ~10%.

Financial highlights

• Q3 gross profit increased 12.1% to $181.6M; gross margin was 39.4%, up 239 bps, including a $5.3M tariff refund benefit.

• Adjusted net income rose 57% to $76.0M and adjusted diluted EPS reached $0.38; GAAP net income was $65.1M versus $32.9M.

• Q3 operating cash flow was $84M versus $66M; nine-month operating cash flow was $230.2M versus $116.8M.

• Nine-month revenue rose 7.1% to $1,364.6M; net income was $190.7M versus $81.2M.

Outlook and guidance

• FY26 revenue growth guidance remains 6%-7%; Adjusted EBITDA growth guidance increased to ~10%, the high end of the prior 8%-10% range.

• Year-end net leverage is expected at ~2.1x including the Q3 repurchase; an earlier 2.0x outlook preceded the buyback.

• FY26 interest expense is expected to be ~$75M and diluted shares ~203M; CapEx and effective tax rate assumptions are unchanged. Q4 steel and other inflation are expected to pressure profitability.