Alliance Laundry Holdings Inc.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 10 November 2026: press release. Guidance figures: 1 raised, 2 lowered, 1 narrowed, 3 kept. The quarter’s numbers.

Key takeaways

Net revenues rose 5 percent: Net revenues were $461 million, up 5% from $438 million; volume and mix supplied half of the increase, with pricing the balance. Source
Adjusted EBITDA margin widened: Adjusted EBITDA was $127 million, a 27.5% margin, about 220 basis points above the prior year quarter. Source
North America revenue up 8%: North America revenue was $356 million, with Adjusted EBITDA of $115 million and an Adjusted EBITDA margin up over 300 basis points. Source
International revenue down 1%: International revenue was $105 million, down 1%, mainly due to foreign currency; Adjusted EBITDA rose to $27 million at a 25.3% margin. Source
Durable demand, diversified base: Management said demand remains durable, with diversity by product, end market and geography supporting consistent long-term results. Source
Gross margin rose 240 basis points: Gross profit was $182 million at a 39.4% gross margin, about 240 basis points higher than a year earlier, with volume, mix and pricing offsetting inflation. Source
Net Leverage down to 2.25x: Net Leverage fell to 2.25x from about 2.4x at June 30, 2026, and about 2.8x at the prior year end. Source
Adjusted EBITDA growth lifted: Adjusted EBITDA growth guidance was raised to about 10%, the high end of the prior 8% to 10% range, citing volume, mix, pricing, cost-down initiatives and tariff refunds. Source
Connected platform and distributors: Management said it continues to invest by expanding the connected equipment platform, deepening distributor partnerships and supporting operators and people. Source

“Our third quarter results reflect our deep commitment to customers and the strength, resilience and non-discretionary nature of our business model,”
Michael Schoeb, CEO of Alliance

Guidance

Area	Period	Figure	Against last quarter
Net revenue growth Source	fiscal 2026	+6% to 7%	Kept
Adjusted EBITDA growth Source	fiscal 2026	~10%	Narrowed, low end up from +8% to 10%
Net Leverage Source	end of fiscal 2026	approximately 2.1x	Raised from 2.0x
Interest expense Source	fiscal 2026	approximately $75 million	Lowered from ~$80 million
Diluted share count Source	fiscal 2026	approximately 203 million	Lowered from ~205 million
Capital expenditures Source	fiscal 2026	~3% of revenue	Kept
Effective tax rate Source	fiscal 2026	~23.0%	Kept

What changed from last quarter

Guidance kept: Full-year net revenue growth guidance of 6% to 7% was kept. Source
Guidance raised: Adjusted EBITDA growth guidance was raised to about 10%, the high end of the prior range. Source
Guidance raised: Year-end Net Leverage figure moved to about 2.1x from 2.0x, described as firming up Net Leverage guidance. Source
Guidance lowered: Interest expense guidance was lowered to about $75 million from about $80 million. Source
Guidance lowered: Diluted share count guidance was lowered to about 203 million from about 205 million. Source
New: The company repurchased $75 million of common stock in the third quarter; the prior release reported no repurchases in the first half. Source

Quarter results and earnings

Net revenues rose 5 percent: Net revenues were $461 million, up 5% from $438 million; volume and mix supplied half of the increase, with pricing the balance. Source
Adjusted EBITDA margin widened: Adjusted EBITDA was $127 million, a 27.5% margin, about 220 basis points above the prior year quarter. Source
Net income reached $65 million: Net income was $65 million, against $33 million a year earlier, a 14.1% net income margin. Source
Adjusted net income up 57%: Adjusted net income was $76 million against $48 million; the company attributed the gain to operating earnings and about $20 million lower interest expense. Source

North America segment

North America revenue up 8%: North America revenue was $356 million, with Adjusted EBITDA of $115 million and an Adjusted EBITDA margin up over 300 basis points. Source
Commercial In-Home and On-Premise led: Commercial In-Home and On-Premise Laundry led segment growth, both driven by higher volume. Source
Vended hit by store project timing: Vended, covering laundromat and multi-housing customers, reflected timing of new store projects; customers kept moving to larger-capacity machines. Source

“In the quarter, North America delivered strong growth, and our International segment expanded profitability with mixed top-line performance across regions.”
Michael Schoeb, CEO of Alliance

International segment

International revenue down 1%: International revenue was $105 million, down 1%, mainly due to foreign currency; Adjusted EBITDA rose to $27 million at a 25.3% margin. Source
Regions varied; Latin America grew: Europe was steady, Latin America grew, Asia Pacific reflected project timing, and Middle East and Africa stabilized. Source
Mix and pricing lifted International margin: The company attributed margin expansion to favorable product and end market mix and positive price versus cost, net of inflation and tariffs. Source

Products, end markets and demand

On-Premise demand replacement-driven: On-Premise Laundry had a quarter of growth, which management tied to steady, replacement-driven demand; Europe drew on the replacement and upgrade cycle. Source
Durable demand, diversified base: Management said demand remains durable, with diversity by product, end market and geography supporting consistent long-term results. Source

Costs, pricing and margins

Gross margin rose 240 basis points: Gross profit was $182 million at a 39.4% gross margin, about 240 basis points higher than a year earlier, with volume, mix and pricing offsetting inflation. Source
Tariff refunds absorbed inflation: A discrete tariff refund helped absorb higher current-year inflationary cost increases in the quarter. Source
Local manufacturing cited as advantage: Management described the local-for-local manufacturing footprint as a meaningful structural cost advantage in the tariff environment. Source
Volume and efficiency drove expansion: Volume leverage, operational excellence and supply chain efficiency drove margin expansion, along with the tariff refund benefit. Source

Cash flow, debt and buybacks

Operating cash flow rose to $84 million: Operating cash flow was $84 million, up from $66 million, which management attributed to operating cash conversion and working capital efficiency. Source
Debt reduced $160 million year to date: The company paid down $45 million of debt in the quarter, bringing year-to-date debt reduction to $160 million. Source
Net debt at $1.07 billion: Total debt was $1.21 billion and net debt $1.07 billion at September 30, 2026, against $1.09 billion of net debt at June 30. Source
Net Leverage down to 2.25x: Net Leverage fell to 2.25x from about 2.4x at June 30, 2026, and about 2.8x at the prior year end. Source

Full-year 2026 guidance

Revenue growth range held: Full-year net revenue growth guidance of 6% to 7% versus prior year was kept. Source
Adjusted EBITDA growth lifted: Adjusted EBITDA growth guidance was raised to about 10%, the high end of the prior 8% to 10% range, citing volume, mix, pricing, cost-down initiatives and tariff refunds. Source
Interest and share count lowered: Interest expense is now about $75 million and diluted share count about 203 million, both lower than the prior guidance. Source
Capex and tax rate unchanged: Capital expenditures of about 3% of revenue and an effective tax rate of about 23.0% were kept as previously assumed. Source

Strategy and investment

Connected platform and distributors: Management said it continues to invest by expanding the connected equipment platform, deepening distributor partnerships and supporting operators and people. Source
Emerging-market investment continues: Management said it continues investing in people and products in emerging markets to support future growth. Source
Operational excellence and capital allocation: The company said operational excellence and disciplined capital allocation position it to compound value for shareholders over the long term. Source

Coming up, as management said on 10 November 2026

Year-end Net Leverage target: Management anticipates Net Leverage of about 2.1x by the end of 2026, absent other capital allocation opportunities. Source
Fourth-quarter margin expansion expected: In August, management expected margin expansion to be weighted toward the fourth quarter, given geographic mix and normal seasonal patterns.

Risks management discussed

Operational: Significant cost pressures continued, led by steel and freight; tariff refunds and pricing actions helped offset part of the inflation. Source
External: The Middle East conflict affected parts of the Middle East and Africa region; management said growth came from areas not directly affected. Source
Financial: Currency movement reduced International revenue by about one percent compared with the prior year. Source
Demand: Management said regional and product mix will keep International results variable from quarter to quarter. Source

Earlier plans management reported on

Not stated: Management said it is approaching its year-end Net Leverage target, including the third-quarter share repurchase. Source
Not stated: Management said its capital expenditure and effective tax rate assumptions remain unchanged from the prior release. Source

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

Gross profit increased 12% to $182 million, representing a gross margin of 39.4%, which is an by the conflict in the Middle East. Adjusted EBITDA and margin expansion reflected favorable CONFERENCE CALL INFORMATION ALLIANCE LAUNDRY SYSTEMS CONTACTS: ALLIANCE LAUNDRY HOLDINGS INC. ALLIANCE LAUNDRY HOLDINGS INC. ALLIANCE LAUNDRY HOLDINGS INC. ALLIANCE LAUNDRY HOLDINGS INC. ALLIANCE LAUNDRY HOLDINGS INC. approximate 240 basis points increase from the prior year quarter. Volume and mix provided a product and end market mix and positive price versus cost, net of inflation and tariffs. Our local-for- SEGMENT INFORMATION CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME CONDENSED CONSOLIDATED BALANCE SHEETS CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS SEGMENT SUMMARY Selected financial information for each segment is as follows: RECONCILIATION SCHEDULES Investor Contact: meaningful benefit, helping to offset ongoing inflationary pressures, alongside pricing actions already local manufacturing model also helped mitigate the impact of currency on profitability. While regional Alliance will host a conference call to discuss these results at 8:00 a.m. Eastern Time today, (unaudited) (unaudited) (unaudited) The following table presents the calculation of last twelve months (LTM) adjusted EBITDA for Tom Gelston in place. A discrete benefit from tariff refunds in the quarter also helped absorb higher current year and product mix will continue to make international results variable from quarter to quarter, November 10, 2026. Our business is organized into two reportable segments, North America and International. The (in thousands, except per share amounts) (in thousands, except share and per share amounts) (in thousands) The following table presents revenue by segment, Segment Adjusted EBITDA and Segment Adjusted (Unaudited)Three Months Ended September 30, 2026Three Months Ended September 30, 2025(in thousands)North AmericaInternationalTotalNorth AmericaInternationalTotalNet revenues$355,590$105,330$460,920$330,742$106,864$437,606Cost of sales(1)210,64467,717204,78169,896Other segment items(2)29,70011,00830,51211,318Segment Adjusted EBITDA$115,246$26,605$141,851$95,449$25,650$121,099Reconciling items:Interest expense, net(16,565)(36,952)Depreciation and amortization(22,205)(23,386)Refinancing and debt related costs - (2,425)Foreign exchange gain/(loss) on intercompany loans, net2,705(3,181)Stock-based compensation(2,875)(791)Strategic transaction costs(1,848)(1,132)Corporate and other(15,148)(10,298)Income before taxes$85,915$42,934 The following table presents a reconciliation of Net income to the non-GAAP financial measure purposes of calculating Net debt to Adjusted EBITDA: Vice President, Investor Relations & Corporate Development inflationary cost increases. Our local-for-local manufacturing footprint continues to provide a underlying financial trends have been positive beyond a single quarter even as we continue to invest in Company uses Segment net revenues, Segment Adjusted EBITDA and Segment Adjusted EBITDA September 30, 2026December 31, 2025AssetsCurrent assets:Cash and cash equivalents$133,650$123,102Restricted cash1,6823,602Restricted cash - for securitization investors27,88222,999Accounts receivable, net112,099113,651Inventories, net144,005146,039Inventories, net - related parties987821Accounts receivable, net - restricted for securitization investors170,088141,973Equipment financing receivables, net1,6602,822Equipment financing receivables, net - restricted for securitization investors100,54092,011Prepaid expenses and other current assets35,41528,862Total current assets728,008675,882Equipment financing receivables, net2,4664,913Property, plant, and equipment, net256,446265,250Operating lease right-of-use assets21,37720,741Equipment financing receivables, net - restricted for securitization investors511,763470,408Deferred income tax asset, net3,2183,169Debt issuance costs, net3,4503,461Goodwill681,652684,230Intangible assets, net717,991754,737Other long-term assets4,4903,097Total assets$2,930,861$2,885,888Liabilities and Stockholders' EquityCurrent liabilities:Current portion of long-term debt$86$113Accounts payable170,495128,662Accounts payable - related parties1,8911,852Asset backed borrowings - owed to securitization investors204,206194,180Current operating lease liabilities6,3075,927Other current liabilities158,110153,592Total current liabilities541,095484,326Long-term debt, net1,196,8201,354,636Asset backed borrowings - owed to securitization investors461,508424,406Deferred income tax liability171,325169,355Long-term operating lease liabilities16,22115,745Other long-term liabilities53,11145,302Total liabilities2,440,0802,493,770Stockholders' equity:Redeemable preferred stock, $0.01 par value, 100,000,000 shares authorized, no shares issued or outstanding - - Common stock, $0.01 par value, 2,000,000,000 shares authorized, 196,263,056 and 197,532,147 issued, respectively, and 196,263,056 and 197,532,147 outstanding, respectively1,9621,975Additional paid-in capital436,206509,369Retained earnings/(accumulated deficit)14,315(176,404)Accumulated other comprehensive income38,29857,178Total stockholders' equity490,781392,118Total liabilities and stockholders’ equity$2,930,861$2,885,888 Nine Months Ended September 30,20262025Cash flows from operating activities:Net income$190,719$81,159Adjustments to reconcile Net income to net cash provided by operating activities:Depreciation and amortization66,92869,344Amortization and extinguishment of debt issuance costs1,6672,498Amortization of original issue discount1,5282,858Non-cash interest (income) expense(10,603)9,761Non-cash loss on commodity contracts, net398(9)Non-cash foreign exchange (gain)/loss, net(9,173)23,035Non-cash stock-based compensation7,5802,562(Gain)/loss on sale of property, plant, and equipment(242)656Provision for credit losses3,2342,917Deferred income taxes2,720(4,144)Changes in assets and liabilities, net of the effects of acquisitions:Accounts and equipment financing receivables, net(1,673)(3,807)Accounts receivable - restricted for securitization investors(28,295)(34,391)Inventories, net3,693(15,069)Inventories, net - related party(166)166Equipment financing receivables, net - restricted for securitization investors(57,863)(21,783)Other assets9,281(3,153)Accounts payable39,5529,677Accounts payable - related parties39370Other liabilities10,878(5,857)Net cash provided by operating activities230,202116,790Cash flows from investing activities:Capital expenditures(23,780)(29,789)Acquisition of businesses, net of cash acquired(3,758)(13,614)Proceeds on disposition of assets548343Originations of equipment financing receivables, net - restricted for securitization investors(53,501)(66,924)Collections of equipment financing receivables, net - restricted for securitization investors58,54555,674Net cash used in investing activities(21,946)(54,310)Cash flows from financing activities:Payments on long-term borrowings(160,000)(135,000)Cash paid for debt establishment and amendment fees(924)(1,877)Increase in asset backed borrowings owed to securitization investors175,464164,311Decrease in asset backed borrowings owed to securitization investors(128,338)(117,086)Repurchase of common stock(75,000)(6,205)Taxes paid related to net share settlement of stock options(8,795)(1,937)Net proceeds from stock options exercised3,1625,672Proceeds from common stock issuance under employee purchase plan209500Net cash used in financing activities(194,222)(91,622)Effect of exchange rate changes on cash, cash equivalents, and restricted cash(523)921Increase/(Decrease) in cash, cash equivalents, and restricted cash13,511(28,221)Cash, cash equivalents, and restricted cash at beginning of period149,703188,042Cash, cash equivalents, and restricted cash at end of period$163,214$159,821Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:Cash and cash equivalents$133,650$136,168Restricted cash1,6823,601Restricted cash - for securitization investors27,88220,052Total cash, cash equivalents, and restricted cash shown in the Statement of Cash Flows$163,214$159,821Supplemental disclosure of cash flow information:Cash paid for interest$59,910$107,974Cash paid for interest - to securitized investors$22,892$23,706Cash paid for income taxes$52,935$38,872Supplemental disclosure of investing and financing non-cash activities:Capital expenditures included in accounts payable$6,715$2,662 EBITDA Margin: adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) and Net Alliance Laundry Reports Third Quarter 2026 Results thomas.gelston@alliancels.com meaningful structural cost advantage, particularly given the tariff environment. people and products in emerging markets to support future growth. A live audio webcast will be available on Alliance’s Investor Relations website at https:// Margin as its measures of performance. The Company allocates certain costs including manufacturing Three Months Ended September 30,Nine Months Ended September 30,2026202520262025Net revenues:Equipment, service parts and other$447,882$424,993$1,326,794$1,237,465Equipment financing13,03812,61337,76836,898Net revenues460,920437,6061,364,5621,274,363Costs and expenses:Cost of sales269,295265,844806,147764,100Cost of sales - related parties2,0501,9505,8555,032Equipment financing expenses7,9987,85923,89824,068Gross profit181,577161,953528,662481,163Selling, general, and administrative expenses81,74876,386239,215227,113Selling, general, and administrative expenses - related parties5475218225Total operating expenses81,80276,461239,433227,338Operating income99,77585,492289,229253,825Interest expense, net16,56536,95252,262121,240Other (income)/expenses, net(2,705)5,606(9,168)26,514Income before taxes85,91542,934246,135106,071Provision for income taxes20,78110,03855,41624,912Net income$65,134$32,896$190,719$81,159Comprehensive income:Net income$65,134$32,896$190,719$81,159Foreign currency translation adjustment (5,116)5,969(18,880)59,155Comprehensive income$60,018$38,865$171,839$140,314Net incomeBasic$0.33$0.19$0.96$0.47Diluted$0.32$0.19$0.94$0.46Weighted average number of common shares outstandingBasic197,236171,423197,890171,554Diluted201,947174,950202,925175,458 income margin to Adjusted EBITDA margin: (Unaudited)(in thousands)Nine Months Ended September 30, 2026Add: Year Ended December 31, 2025Less: Nine Months Ended September 30, 2025LTM September 30, 2026Net income$190,719$101,755$81,159$211,315Provision for income taxes55,41636,27924,91266,783Interest expense, net52,262150,501121,24081,523Depreciation and amortization66,92893,70169,34491,285Refinancing and debt related costs53,6793,479205Foreign exchange (gain)/loss on intercompany loans, net(9,173)25,15223,035(7,056)Stock-based compensation8,27819,7792,56225,495Strategic transaction costs5,0695,6274,1766,520Adjusted EBITDA$369,504$436,473$329,907$476,070 (Unaudited)Three Months Ended September 30,Nine Months Ended September 30,(in thousands)2026202520262025North AmericaSegment net revenues$355,590$330,742$1,034,667$952,156Segment adjusted EBITDA$115,246$95,449$315,806$273,027Segment adjusted EBITDA margin32.4%28.9%30.5%28.7%InternationalSegment net revenues$105,330$106,864$329,895$322,207Segment adjusted EBITDA$26,605$25,650$93,111$91,344Segment adjusted EBITDA margin25.3%24.0%28.2%28.3% ir.alliancelaundry.com/news-events/ir-calendar. A replay of the webcast will be available after the call. variances, customer support expenses and selling and general expenses which are incurred in our

Third Quarter 2026 Highlights:

Media Contact: Net income was $65 million compared to $33 million in the prior year quarter, with Net income UPDATED 2026 FULL YEAR GUIDANCE global operations to the reportable segments in determining Segment Adjusted EBITDA. (Unaudited)Three Months Ended September 30,Nine Months Ended September 30,(in thousands, except percentages)2026202520262025Net income$65,134$32,896$190,719$81,159Provision for income taxes20,78110,03855,41624,912Interest expense, net16,56536,95252,262121,240Depreciation and amortization22,20523,38666,92869,344Refinancing and debt related costs - 2,42553,479Foreign exchange (gain)/loss on intercompany loans, net(2,705)3,181(9,173)23,035Stock-based compensation2,8757918,2782,562Strategic transaction costs1,8481,1325,0694,176Adjusted EBITDA126,703110,801369,504329,907Net revenues460,920437,6061,364,5621,274,363Net income margin14.1%7.5%14.0%6.4%Adjusted EBITDA margin27.5%25.3%27.1%25.9% All results are for the third quarter of fiscal 2026, and comparisons are year-over-year unless otherwise noted ABOUT ALLIANCE LAUNDRY Randy Radtke margin of 14.1%. Adjusted Net income increased approximately 57% to $76 million versus $48 Senior Manager of Content and Creative Services •Net revenues of $461 million million in the prior year quarter, reflecting the growth in operating earnings and approximately $20 The Company’s outlook includes Adjusted EBITDA and Net Leverage, which are non-GAAP We define “Segment Adjusted EBITDA” as, on a segment basis, net income excluding interest Alliance Laundry makes the world cleaner as a provider of the highest quality commercial laundry randy.radtke@alliancels.com •Net income of $65 million, with Adjusted Net income of $76 million and Net income margin million in lower interest expense. measures. The Company does not provide certain estimated future results for Adjusted EBITDA and income/expense, income taxes, depreciation and amortization. Segment Adjusted EBITDA is also systems. Our laundry solutions are available under five respected brands, sold and supported by a of 14.1% Net Leverage on a GAAP basis because the Company is unable to predict, with reasonable certainty, adjusted for the discrete items that management excluded in analyzing the segments’ operating global network of select distributors. We serve approximately 150 countries with a team of more than •Adjusted EBITDA of $127 million; Adjusted EBITDA margin of 27.5% Adjusted EBITDA increased 14% to $127 million, with Adjusted EBITDA Margin of 27.5%, an certain items that are excluded from Adjusted EBITDA, including but not limited to stock-based performance, such as refinancing and debt related costs, stock-based compensation, strategic 4,000 employees. Our brands include Speed Queen®, UniMac®, Huebsch®, Primus® and IPSO®. •Repaid $45 million in debt and repurchased $75 million of common stock; Net Leverage increase of approximately 220 basis points versus the prior year quarter. Volume leverage, operational compensation, strategic transaction costs, refinancing and debt-related costs, foreign exchange gain/ transaction costs, foreign exchange on intercompany loans and other non-recurring items which Together, they present a full line of commercial washing machines, dryers, and ironers (with load reduced to 2.25x excellence, and supply chain efficiency drove the margin expansion, as well as the discrete benefit loss on intercompany loans, plus interest, taxes, and depreciation and amortization. These items are management believes are not indicative of the Company’s ongoing operating performance. Segment capacities from 20 - 400 lb. or 9 - 180 kg.) and support service. You can also enjoy the superior wash •Full year guidance: Net revenues growth of 6% to 7% maintained; Adjusted EBITDA growth from tariff refunds in the quarter. uncertain and will depend on several factors, including industry conditions, and could be material to Adjusted EBITDA is a measure of operating performance of our reportable segments and may not be and fabric care of commercial-grade laundry equipment in your home through our legendary Speed now ~10%, the high end of our previous range the Company’s results computed in accordance with GAAP. The Company has not provided comparable to similar measures reported by other companies. Queen® washers and dryers. ___________________________________________________________________ CASH FLOW AND BALANCE SHEET reconciliations between the Company’s 2026 guidance and the most directly comparable GAAP measures because it would be too difficult to prepare a reliable U.S. GAAP quantitative reconciliation FORWARD-LOOKING STATEMENTS (Unaudited)Nine Months Ended September 30, 2026Nine Months Ended September 30, 2025(in thousands)North AmericaInternationalTotalNorth AmericaInternationalTotalNet revenues$1,034,667$329,895$1,364,562$952,156$322,207$1,274,363Cost of sales(1)629,990202,904592,236198,317Other segment items(2)88,87133,88086,89332,546Segment Adjusted EBITDA$315,806$93,111$408,917$273,027$91,344$364,371Reconciling items:Interest expense, net(52,262)(121,240)Depreciation and amortization(66,928)(69,344)Refinancing and debt related costs(5)(3,479)Foreign exchange gain/(loss) on intercompany loans, net9,173(23,035)Stock-based compensation(8,278)(2,562)Strategic transaction costs(5,069)(4,176)Corporate and other(39,413)(34,464)Income before taxes$246,135$106,071 For more information, visit www.alliancelaundry.com. RIPON, Wis., November 10, 2026 - Alliance Laundry Holdings Inc. (NYSE: ALH) (“Alliance” or the Operating cash flow for the quarter was $84 million, up from $66 million in the prior year quarter, without unreasonable effort. This press release includes “forward-looking statements” within the meaning of the “safe harbor” “Company”), the global leader in commercial laundry equipment, today announced results for its third reflecting strong operating cash conversion and continued working capital efficiency, consistent with The following table presents a reconciliation of Debt to Net Debt and Net Debt to Adjusted EBITDA: provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you quarter ended September 30, 2026 and updated full-year guidance. the Company’s historical performance. During the quarter, the Company paid down $45 million of Based on the strength of our year-to-date performance and our visibility into the balance of the year, NON-GAAP FINANCIAL MEASURES can identify these forward-looking statements by the use of terms such as “expect,” “will,” “continue,” debt, bringing total year-to-date debt reduction to $160 million, and repurchased $75 million of the Company is raising Adjusted EBITDA guidance for 2026 to the high end of the previous range and (Unaudited)(in thousands)September 30, 2026December 31, 2025Term loan$1,205,000$1,365,000Finance lease obligations133236Debt1,205,1331,365,236Less: Cash and cash equivalents(133,650)(123,102)Net debt$1,071,483$1,242,134LTM adjusted EBITDA$476,070$436,473Net Debt to Adjusted EBITDA2.25x2.85x or similar expressions, and variations or negatives of these words, but the absence of these words does “Our third quarter results reflect our deep commitment to customers and the strength, resilience and common stock. As of September 30, 2026, total debt was $1.21 billion and net debt was $1.07 billion. firming up its Net Leverage guidance. Revenue guidance remains unchanged. We regularly review non-GAAP measures to evaluate our business, measure our performance and not mean that a statement is not forward-looking. Forward-looking statements represent our non-discretionary nature of our business model,” said Michael Schoeb, CEO of Alliance. “We Net Leverage decreased to 2.25x, down from approximately 2.4x at June 30, 2026, and approximately The following table presents a reconciliation of Net income to Adjusted net income: manage our operations, including identifying trends affecting our business, formulating business plans management’s beliefs and assumptions only as of the date of this press release. You should read this continue to invest in our business by expanding our connected equipment platform, deepening our 2.8x as of the prior year end. Revenue growth guidance versus prior year remains at +6% to 7%. Adjusted EBITDA growth has and making strategic decisions. We believe that non-GAAP measures provide an additional way of press release with the understanding that our actual future results may be materially different from distributor partnerships, and supporting the businesses, operators and people who count on our been increased to ~10%, the high end of the prior range of +8% to 10%, as the Company realizes the (Unaudited)Three Months Ended September 30,Nine Months Ended September 30,(in thousands, except per share data)2026202520262025Net income$65,134$32,896$190,719$81,159Amortization of intangible assets11,78312,62635,30738,061Refinancing and debt related costs - 2,42553,479Foreign exchange (gain)/loss on intercompany loans, net(2,705)3,181(9,173)23,035Stock-based compensation2,8757918,2782,562Strategic transaction costs1,8481,1325,0694,176Tax effect of add backs(2,936)(4,634)(8,190)(16,395)Adjusted net income$75,999$48,417$222,015$136,077Net income per share attributable to common stockholders - diluted:$0.32$0.19$0.94$0.46Adjusted net income per share attributable to common stockholders - diluted:$0.38$0.28$1.09$0.78 viewing aspects of our operations that, when viewed together with our GAAP results, provide a more what we expect. All statements other than statements of historical fact are statements that could be products every day. In the quarter, North America delivered strong growth, and our International THIRD QUARTER 2026 RESULTS BY REPORTABLE SEGMENT benefit of volume and mix contributions as well as pricing impact alongside the realization of complete understanding of our results of operations and the factors and trends affecting our business. deemed forward-looking statements, which include but are not limited to: expectations relating to segment expanded profitability with mixed top-line performance across regions. Demand for our continued cost-down initiatives and tariff refunds that have helped address the rising input cost These non-GAAP financial measures are also used by our management to evaluate financial results revenues and other financial or business metrics; statements regarding the Company’s plans, guidance, laundry solutions remains durable, and diversity by product, end market, and geography helps to drive North America revenues increased 8% to $356 million, with Adjusted EBITDA of $115 million and environment. The Company anticipates Net Leverage of approximately 2.1x by the end of 2026, and to plan and forecast future periods. Non-GAAP financial measures should be considered a growth, execution, costs and cost savings and any other statements of expectation or belief. These long term consistent results. Our focus on operational excellence and disciplined capital allocation Adjusted EBITDA margin increasing over 300 basis points versus the prior year. North America absent any other capital allocation opportunities, and includes the $75 million share repurchase supplement to, and not a substitute for, or superior to, the corresponding measures calculated in statements are subject to known and unknown risks, uncertainties and other factors that may cause our positions us well to compound value for shareholders over the long term. Additionally, we are raising revenue growth was led by Commercial In-Home and On-Premise Laundry, both driven by higher completed during the third quarter. Interest is now expected to total approximately $75 million for accordance with GAAP. Non-GAAP financial measures used by us may differ from the non-GAAP actual results, levels of activity, performance or achievements to differ materially from results our full-year Adjusted EBITDA guidance to the high end of our previous range and pleased to be volume. Commercial In-Home results were driven by consumers choosing the reliability, longevity, 2026 and share count is now expected to be approximately 203 million for fiscal year 2026. Our measures used by other companies, including our competitors. expressed or implied in this press release. Such risk factors include, but are not limited to, those related approaching our year-end Net Leverage target even when factoring in the share repurchase completed and durability that our commercial heritage delivers. On-Premise Laundry had a strong quarter, Capital Expenditures and Effective Tax Rate assumptions remain unchanged. to: the high degree of competition in the markets in which we operate; our reliance on the performance in the third quarter.” reflecting the nature of its steady, replacement-driven demand. In Vended, which includes laundromat “Adjusted EBITDA” represents Net income before provision for income taxes, interest expense, of distributors, route operators, suppliers, retailers and servicers; our ability to achieve and maintain a and multi-housing customers, results reflected the timing of new store projects, including longer Updated 2026 Guidance(Previous)Revenue Growth+6% to 7%Adjusted EBITDA Growth+ ~10%(+8% to 10%)Net Leverage2.1x(2.0x by year end)*Capital Expenditures (% of Revenue)~3% Effective Tax Rate~23.0%Interest Expense~$75 million(~$80 million)Diluted Share Count~203 million(~205 million) (1)Consists of Cost of sales, Cost of sales - related parties and Equipment financing expenses for North America and Cost of sales and Cost of sales - related parties for International. depreciation and amortization and is further adjusted to exclude certain expenses not representative of high level of product and service quality; fluctuations in the cost and availability of raw materials; our Refer to the "Non-GAAP Financial Measures" section for additional information regarding forward-looking non-GAAP financial permitting and construction lead times, while customers continued the trend of retooling with larger- (2)Other segment items for each reportable segment includes allocated engineering, sales and marketing, information technology, measures. A reconciliation of non-GAAP measures is contained in the appendix to this press release. our ongoing operations and other charges not involving cash outlays and “Adjusted EBITDA Margin” exposure to international markets, particularly emerging markets; our exposure to costs and difficulties capacity machines. Significant cost pressures persisted during the quarter, led by steel and freight, but and certain other overhead expenses. represents Adjusted EBITDA divided by Net revenues. of acquiring and integrating complementary businesses and technologies; and our exposure to a tariff refund and pricing actions taken late last year helped to offset that inflation, and our U.S.

THIRD QUARTER 2026 CONSOLIDATED RESULTS

worldwide economic conditions and potential global economic downturns. manufacturing footprint and supply chain remain a structural advantage. “Adjusted Net income” represents Net income adjusted to exclude certain expenses not Net revenues increased 5% to $461 million compared to $438 million in the prior year quarter. representative of our ongoing operations and other charges. These adjustments include, but are not Additional information concerning these and other risks and uncertainties are contained in the section International revenues decreased 1% to $105 million, mainly due to foreign currency, and Adjusted Volume and mix benefits accounted for half of this increase in the quarter with pricing contributing to limited to, refinancing and debt related costs, stock-based compensation, strategic transaction costs, entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended EBITDA increased to $27 million with Adjusted EBITDA margin of 25.3%. International grew the balance. Growth in North America was slightly offset by lower International segment revenue. The intangible amortization, foreign exchange on intercompany loans and other non-recurring items. December 31, 2025. Additional information will be made available in our quarterly reports on Form profitability despite varied top-line performance across regions. Europe was steady, with continued majority of international markets performed as expected, with particular strength in the Latin America 10-Q, and other filings and reports that we may file from time to time with the SEC. Except as support from the ongoing replacement and upgrade cycle, plus vended growth across its end markets. region. Foreign currency fluctuation had an approximate one percent negative impact on International “Net Debt” represents our total debt less Cash and cash equivalents. required by law, we assume no obligation, and do not intend to, update these forward-looking Latin America showed solid growth while Asia Pacific results reflect timing of projects following *Issued prior to the $75 million share repurchase completed in the third quarter revenue compared to the prior year. statements, or to update the reasons actual results could differ materially from those anticipated in strength in prior quarters, with year-to-date revenue up versus the prior year. Middle East & Africa “Net Debt to Adjusted EBITDA” or “Net Leverage” represents total debt less Cash and cash these forward-looking statements, even if new information becomes available in the future. stabilized in the quarter, supported by the hospitality market and growth in areas not directly affected equivalents divided by Adjusted EBITDA for the relevant period.