RIPON, Wis. — Alliance Laundry Holdings LLC, parent company of Alliance Laundry Systems, saw its net revenues for third-quarter 2011 increase to $114.1 million from $103.6 for the same period in 2010, the company reports. Net income was $3.4 million, compared to $2.5 million in 2010.
For the nine months ended Sept. 30, Alliance Laundry’s net revenues rose $26.6 million—or 8.6% from the same period in 2010—to $336.2 million. Net income increased $0.3 million, to $13.9 million, in comparison to the same period in 2010.
“Our solid third-quarter results reflect the sustained success we are experiencing with our Customer One and international growth strategic initiatives,” says CEO and President Michael Schoeb. “We are executing on our initiatives to drive increased customer satisfaction, new-product development and allocation of resources to our greatest growth opportunities.
“While the broader economic landscape remains challenging, we are well positioned for the long term as we continue to capitalize on a larger global footprint and new products that truly set us apart from our competitors.”
Alliance Laundry Systems designs, manufactures and markets commercial laundry equipment used in Laundromats, multi-housing laundries and on-premise laundries under the Speed Queen, UniMac, Huebsch, IPSO and Cissell brands.
Have a question or comment? E-mail our editor Bruce Beggs at [email protected].