Form 8-K

8-K — Alliance Laundry Holdings Inc.

Accession: 0001628280-26-033885

Filed: 2026-05-12

Period: 2026-05-12

CIK: 0001317685

SIC: 3580 (REFRIGERATION & SERVICE INDUSTRY MACHINERY)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — all-20260512.htm (Primary)

EX-99.1 (q1-26pressrelease.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — 10-Q

8-K (Primary)

Filename: all-20260512.htm · Sequence: 1

all-20260512

0001317685FALSE00013176852026-05-122026-05-12

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 12, 2026

Alliance Laundry Holdings Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-42897

98-0444708

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

221 Shepard Street

Ripon, Wisconsin

54971

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (920) 748-3121

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant

under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

ALH

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933

(§230.405 of this Chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for

complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 - Results of Operations and Financial Condition

On May 12, 2026, Alliance Laundry Holdings Inc. issued a press release providing information regarding

earnings for the first quarter of 2026. A copy of the press release is attached hereto as Exhibit 99.1.

The information in this Form 8-K (including the Exhibits), shall not be deemed "filed" for purposes of

Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it

be deemed incorporated

Item 9.01.Financial Statements and Exhibits.

(d)Exhibits

Exhibit No.

Description

99.1

Press Release, dated May 12, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this

report to be signed on its behalf by the undersigned hereunto duly authorized.

ALLIANCE LAUNDRY HOLDINGS INC.

Date: May 12, 2026

By:

/s/ Michael D. Schoeb

Name: Michael D. Schoeb

Title: Chief Executive Officer

EX-99.1

Filename: q1-26pressrelease.htm · Sequence: 2

Q1-26 Press Release

1 Refer to the “Updated 2026 Full Year Guidance” and “Non-GAAP Financial Measures” sections

below for additional information regarding forward-looking non-GAAP financial measures.

Exhibit 99.1

Alliance Reports First Quarter 2026 Results

•First quarter Net revenues of $427 million, up 10% versus prior year

•First quarter Net income of $57 million compared to $17 million in the same period of 2025

with Net income margin of 13.3%; Adjusted Net Income of $63 million, up 85% versus prior

year

•First quarter Adjusted EBITDA of $109 million, up 9% versus prior year, with Adjusted

EBITDA Margin of 25.5%

•Repaid $65 million of debt in the quarter and Net Leverage reduced 0.2x to 2.6x

•Raises low end of full year 2026 guidance: revenue growth now expected at +6% to 7% and

Adjusted EBITDA growth at +7% to 8%1

___________________________________________________________________

RIPON, Wis., May 12, 2026/PRNewswire/ – Alliance Laundry Holdings Inc. (NYSE: ALH)

(“Alliance” or the “Company”), the global leader in commercial laundry equipment, today announced

results for its first quarter ended March 31, 2026, and raised the low end of its full year 2026 guidance.

“Building on Alliance’s strong 2025, our first quarter reinforced what we’ve been talking about since

becoming a public company: that a resilient, replacement-driven, essential industry, a market-leading

position, and disciplined operational excellence deliver strong, sustainable outcomes,” said Michael

Schoeb, CEO of Alliance. “Net revenues grew 10% with broad-based growth across all end markets

and geographies, Adjusted EBITDA grew 9%, and Adjusted Net Income nearly doubled year over

year. Our local-for-local manufacturing strategy continues to be a real competitive advantage in the

current tariff environment, and we remain on track for our full year deleveraging target. The strength

of our Q1 performance and growing visibility to the balance of the year give us confidence to raise the

low end of our full year net revenue and Adjusted EBITDA guidance today.”

FIRST QUARTER 2026 CONSOLIDATED RESULTS

Net revenues increased 10% to $427 million compared to $390 million in the prior year quarter.

Volume contributed approximately three percent, consistent with the Company’s full year outlook,

with the balance driven by pricing actions and approximately one percent from foreign exchange.

Growth was broad-based across all end markets in both the North America and International segments,

reflecting the resilience and non-discretionary nature of commercial laundry demand.

Gross profit increased 8% to $157 million, representing a gross margin of 36.8%. On tariffs, pricing

actions already in place continue to offset the Company’s approximately $20 million annualized

exposure, with the domestic local-for-local manufacturing footprint providing a meaningful structural

advantage.

Net income was $57 million compared to $17 million in the prior year quarter, with Net income

margin of 13.3%. The year-over-year change reflects the growth in operating earnings plus

significantly lower interest expense following debt reduction actions over the past twelve months.

Adjusted EBITDA increased 9% to $109 million, with Adjusted EBITDA Margin of 25.5%. Margin

expansion from volume leverage, operational excellence, and supply chain efficiency was partially

offset by incremental public company costs.

Adjusted Net Income increased 84.9% to $63 million versus $34 million in the prior year quarter,

reflecting strong operating performance and the meaningful benefit of significantly lower interest

expense as debt reduction over the past twelve months continues to flow through the income

statement.

CASH FLOW AND BALANCE SHEET

Operating cash flow for the quarter was $80 million, up 76% vs. prior year, reflecting strong operating

cash conversion and continued working capital discipline, consistent with the Company’s historical

performance. The Company paid down $65 million in debt during the first quarter, ending the period

with total debt of $1.3 billion and net debt of $1.2 billion. As a result, Net Leverage improved to 2.6x,

a reduction of 0.2 turns from year end.

FIRST QUARTER 2026 RESULTS BY REPORTABLE SEGMENT

North America revenue increased 9% to $320 million, with Adjusted EBITDA up 8% to $87 million

and Adjusted EBITDA Margin of 27.2%. Growth was broad-based across all end markets. On-Premise

delivered solid results driven by predictable replacement demand, and Commercial-in-Home

continued to outpace the broader industry. Pricing actions already in place continue to offset the

approximately $20 million annualized tariff exposure, with the Company’s domestic manufacturing

footprint providing structural protection.

International revenue increased 10% to $107 million, with Adjusted EBITDA up 13% to $33 million

and Adjusted EBITDA Margin of 30.4%. Europe delivered strong performance across all end markets,

with the total cost of ownership value proposition resonating with an operator base actively investing

in replacements and energy efficiency. Asia Pacific continued to see strong growth, particularly in

nascent vended markets. The Middle East & Africa region, which makes up roughly 2% of global

revenue, consistent with its historical size, grew in the quarter despite regional headwinds.

FIRST QUARTER 2026 BUSINESS HIGHLIGHTS

Digital and Connected Equipment — Alliance’s connected equipment continues to grow, with over

250,000 connected machines at the end of the quarter. Scan/Pay/Wash, the Company’s recently

launched cashless payment solution requiring no app download, processed over 100,000 transactions

in March alone, with double the volume in the first quarter of 2026 vs. the fourth quarter of 2025.

Distributor Acquisition — The Company completed its second distributor acquisition in New York

during the first quarter, its 17th U.S. acquisition since 2019. This tuck-in acquisition brings the Speed

Queen®, UniMac® and Huebsch® brands together under a single team in one of the most vibrant

commercial laundry markets in the country.

Tariff Environment — The Company’s local-for-local manufacturing strategy continues to provide a

meaningful structural advantage relative to competitors with more import-dependent supply chains.

Pricing actions in place continue to offset the Company’s approximately $20 million annualized tariff

exposure, and the Company is well-equipped to manage potential new developments in the trade

environment.

UPDATED 2026 FULL YEAR GUIDANCE

The Company’s outlook includes Adjusted EBITDA and Net Leverage, which are non-GAAP

measures. The Company does not provide certain estimated future results for Adjusted EBITDA and

Net Leverage on a GAAP basis because the Company is unable to predict, with reasonable certainty,

certain items that are excluded from Adjusted EBITDA, including but not limited to restructuring and

acquisition-related charges, non-cash asset impairment charges and gains or losses from dispositions

and foreign exchange gains/losses on intercompany loans. These items are uncertain and will depend

on several factors, including industry conditions, and could be material to the Company’s results

computed in accordance with GAAP. The Company has not provided 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 without unreasonable effort.

Based on the strength of first quarter performance and growing visibility to the balance of 2026, the

Company is raising the low end of its full year revenue and Adjusted EBITDA guidance for 2026.

Revenue growth guidance has been raised to +6% to 7%, from the prior range of +5% to 7%, with

equal contribution expected from volume and price. Adjusted EBITDA growth guidance has been

raised to +7% to 8%, from the prior range of +6% to 8%, as the Company realizes price and volume

increases alongside continued cost-down initiatives. All other guidance assumptions remain

unchanged. The Company reaffirms its expectation to reduce Net Leverage by approximately three

quarters of a turn in 2026, bringing Net Leverage to the low 2x range by year end.

2026 Guidance

Revenue Growth

+6% to 7%

+5% to 7%

Adjusted EBITDA Growth

+7% to 8%

+6% to 8%

Net Leverage

Low 2x by end of year

Capex (% of Revenue)

~3%

Effective Tax Rate

~23.5%

Interest Expense

~$85 million

Diluted Share Count

~205 million

CONFERENCE CALL INFORMATION

Alliance will host a conference call to discuss these results at 8:00 a.m. Eastern Time today, May 12,

2026.

A live audio webcast will be available on Alliance’s Investor Relations website at https://

ir.alliancelaundry.com/news-events/ir-calendar. A replay of the webcast will be available after the call.

ABOUT ALLIANCE LAUNDRY

Alliance Laundry makes the world cleaner as a provider of the highest quality commercial laundry

systems. Our laundry solutions are available under five respected brands, sold and supported by a

global network of select distributors. We serve approximately 150 countries with a team of more than

4,000 employees. Our brands include Speed Queen®, UniMac®, Huebsch®, Primus® and IPSO®.

Together, they present a full line of commercial washing machines, dryers, and ironers (with load

capacities from 20–400 lb. or 9–180 kg.) and support service. You can also enjoy the superior wash

and fabric care of commercial-grade laundry equipment in your home through our legendary Speed

Queen® washers and dryers.

For more information, visit www.alliancelaundry.com.

NON-GAAP FINANCIAL MEASURES

We regularly review non-GAAP measures to evaluate our business, measure our performance and

manage our operations, including identifying trends affecting our business, formulating business plans

and making strategic decisions. We believe that non-GAAP measures provide an additional way of

viewing aspects of our operations that, when viewed together with our GAAP results, provide a more

complete understanding of our results of operations and the factors and trends affecting our business.

These non-GAAP financial measures are also used by our management to evaluate financial results

and to plan and forecast future periods. Non-GAAP financial measures should be considered a

supplement to, and not a substitute for, or superior to, the corresponding measures calculated in

accordance with GAAP. Non-GAAP financial measures used by us may differ from the non-GAAP

measures used by other companies, including our competitors.

“Adjusted EBITDA” represents Net income before provision for income taxes, interest expense,

depreciation and amortization and is further adjusted to exclude certain expenses not representative of

our ongoing operations and other charges not involving cash outlays and “Adjusted EBITDA Margin”

represents Adjusted EBITDA divided by Net revenues.

“Adjusted Net Income” represents Net income adjusted to exclude certain expenses not

representative of our ongoing operations and other charges. These adjustments include, but are not

limited to, refinancing and debt related costs, share-based compensation, strategic transaction costs,

intangible amortization, foreign exchange on intercompany loans and other non-recurring items.

“Net Debt” represents our total debt less Cash and cash equivalents.

“Net Debt to Adjusted EBITDA” or “Net Leverage” represents total debt less Cash and cash

equivalents divided by Adjusted EBITDA for the relevant period.

SEGMENT INFORMATION

Our business is organized into two reportable segments, North America and International. The

Company uses Segment net revenues, Segment Adjusted EBITDA and Segment Adjusted EBITDA

Margin as its measures of performance. The Company allocates certain costs including manufacturing

variances, customer support expenses and selling and general expenses which are incurred in our

global operations to the reportable segments in determining Segment Adjusted EBITDA.

We define “Segment Adjusted EBITDA” as, on a segment basis, net income excluding interest

income/expense, income taxes, depreciation and amortization. Segment Adjusted EBITDA is also

adjusted for the discrete items that management excluded in analyzing the segments’ operating

performance, such as refinancing and debt related costs, share-based compensation, strategic

transaction costs, foreign exchange on intercompany loans and other non-recurring items which

management believes are not indicative of the Company’s ongoing operating performance. Segment

Adjusted EBITDA is a measure of operating performance of our reportable segments and may not be

comparable to similar measures reported by other companies.

FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking statements” within the meaning of the “safe harbor”

provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you

can identify these forward-looking statements by the use of terms such as “expect,” “will,” “continue,”

or similar expressions, and variations or negatives of these words, but the absence of these words does

not mean that a statement is not forward-looking. Forward-looking statements represent our

management’s beliefs and assumptions only as of the date of this press release. You should read this

press release with the understanding that our actual future results may be materially different from

what we expect. All statements other than statements of historical fact are statements that could be

deemed forward-looking statements, which include but are not limited to: expectations relating to

revenues and other financial or business metrics; statements regarding the Company’s plans, guidance,

growth, execution, costs and cost savings and any other statements of expectation or belief. These

statements are subject to known and unknown risks, uncertainties and other factors that may cause our

actual results, levels of activity, performance or achievements to differ materially from results

expressed or implied in this press release. Such risk factors include, but are not limited to, those related

to: the high degree of competition in the markets in which we operate; our reliance on the performance

of distributors, route operators, suppliers, retailers and servicers; our ability to achieve and maintain a

high level of product and service quality; fluctuations in the cost and availability of raw materials; our

exposure to international markets, particularly emerging markets; our exposure to costs and difficulties

of acquiring and integrating complementary businesses and technologies; and our exposure to

worldwide economic conditions and potential global economic downturns.

Additional information concerning these and other risks and uncertainties are contained in the section

entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December

31, 2025. Additional information will be made available in our quarterly reports on Form 10-Q, and

other filings and reports that we may file from time to time with the SEC. Except as required by law,

we assume no obligation, and do not intend to, update these forward-looking statements, or to update

the reasons actual results could differ materially from those anticipated in these forward-looking

statements, even if new information becomes available in the future.

ALLIANCE LAUNDRY SYSTEMS CONTACTS:

Investor Contact:

Bob Calver

Vice President, Investor Relations

ir@alliancels.com

Media Contact:

Randy Radtke

Senior Manager of Content and Creative Services

randy.radtke@alliancels.com

ALLIANCE LAUNDRY HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(unaudited)

(in thousands, except per share amounts)

Three Months Ended March 31,

2026

2025

Net revenues:

Equipment, service parts and other ............................................................................

$414,706

$377,718

Equipment financing ..................................................................................................

12,181

11,855

Net revenues ..................................................................................................................

426,887

389,573

Costs and expenses: .......................................................................................................

Cost of sales ...............................................................................................................

259,463

235,546

Cost of sales - related parties .....................................................................................

1,670

1,447

Equipment financing expenses ..................................................................................

8,565

7,559

Gross profit ....................................................................................................................

157,189

145,021

Selling, general, and administrative expenses ...............................................................

73,328

70,463

Selling, general, and administrative expenses - related parties .....................................

Total operating expenses ...............................................................................................

73,383

70,538

Operating income ......................................................................................................

83,806

74,483

Interest expense, net ......................................................................................................

17,888

44,912

Other (income)/expenses, net ........................................................................................

(6,470)

7,121

Income before taxes ...................................................................................................

72,388

22,450

Provision for income taxes ............................................................................................

15,472

5,221

Net income .................................................................................................................

$56,916

$17,229

Comprehensive income:

Net income .................................................................................................................

$56,916

$17,229

Foreign currency translation adjustment .................................................................

(12,603)

16,739

Comprehensive income ..........................................................................................

$44,313

$33,968

Net income

Basic ...........................................................................................................................

$0.29

$0.10

Diluted ........................................................................................................................

$0.28

$0.10

Weighted average number of common shares outstanding

Basic ...........................................................................................................................

197,869

170,639

Diluted ........................................................................................................................

203,281

174,653

ALLIANCE LAUNDRY HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

(in thousands, except share and per share amounts)

March 31, 2026

December 31, 2025

Assets

Current assets:

Cash and cash equivalents ...............................................................................................................................

$129,349

$123,102

Restricted cash ................................................................................................................................................

1,683

3,602

Restricted cash - for securitization investors ..................................................................................................

21,330

22,999

Accounts receivable, net .................................................................................................................................

109,402

113,651

Inventories, net ................................................................................................................................................

162,084

146,039

Inventories, net - related parties ......................................................................................................................

1,121

821

Accounts receivable, net - restricted for securitization investors ...................................................................

143,266

141,973

Equipment financing receivables, net .............................................................................................................

2,018

2,822

Equipment financing receivables, net - restricted for securitization investors ...............................................

94,007

92,011

Prepaid expenses and other current assets ......................................................................................................

28,139

28,862

Total current assets ..........................................................................................................................................

692,399

675,882

Equipment financing receivables, net ..................................................................................................................

2,579

4,913

Property, plant, and equipment, net .....................................................................................................................

255,753

265,250

Operating lease right-of-use assets ......................................................................................................................

20,837

20,741

Equipment financing receivables, net - restricted for securitization investors ....................................................

482,158

470,408

Deferred income tax asset, net .............................................................................................................................

3,245

3,169

Debt issuance costs, net .......................................................................................................................................

3,164

3,461

Goodwill ..............................................................................................................................................................

682,227

684,230

Intangible assets, net ............................................................................................................................................

741,973

754,737

Other long-term assets .........................................................................................................................................

3,413

3,097

Total assets .................................................................................................................................................

$2,887,748

$2,885,888

Liabilities and Stockholders' Equity

Current liabilities:

Current portion of long-term debt ...................................................................................................................

$100

$113

Accounts payable

153,837

128,662

Accounts payable - related parties ..................................................................................................................

1,969

1,852

Asset backed borrowings - owed to securitization investors ..........................................................................

190,068

194,180

Current operating lease liabilities ...................................................................................................................

6,031

5,927

Other current liabilities ...................................................................................................................................

153,770

153,592

Total current liabilities ...............................................................................................................................

505,775

484,326

Long-term debt, net ..............................................................................................................................................

1,290,451

1,354,636

Asset backed borrowings - owed to securitization investors ...............................................................................

430,268

424,406

Deferred income tax liability ...............................................................................................................................

168,427

169,355

Long-term operating lease liabilities ...................................................................................................................

15,679

15,745

Other long-term liabilities ....................................................................................................................................

47,004

45,302

Total liabilities ............................................................................................................................................

2,457,604

2,493,770

Stockholders' 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, 198,226,870 and 197,532,147 issued,

respectively, and 198,226,870 and 197,532,147, outstanding, respectively ........................................................

1,982

1,975

Additional paid-in capital ....................................................................................................................................

503,075

509,369

Accumulated deficit .............................................................................................................................................

(119,488)

(176,404)

Accumulated other comprehensive income .........................................................................................................

44,575

57,178

Total stockholders' equity ...............................................................................................................................

430,144

392,118

Total liabilities and stockholders’ equity ...................................................................................................

$2,887,748

$2,885,888

ALLIANCE LAUNDRY HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(in thousands)

Three Months Ended March 31,

2026

2025

Cash flows from operating activities:

Net income ......................................................................................................................................................................................................

$56,916

$17,229

Adjustments to reconcile Net income to net cash provided by operating activities: ......................................................................................

Depreciation and amortization ..................................................................................................................................................................

22,504

23,314

Amortization and extinguishment of debt issuance costs .........................................................................................................................

554

511

Amortization of original issue discount ....................................................................................................................................................

581

398

Non-cash interest (income) expense ..........................................................................................................................................................

(4,290)

5,721

Non-cash (gain)/loss on commodity & foreign exchange contracts, net ..................................................................................................

(369)

Non-cash foreign exchange (gain)/loss, net ..............................................................................................................................................

(6,475)

6,065

Non-cash stock-based compensation .........................................................................................................................................................

1,256

1,003

Loss on sale of property, plant, and equipment .........................................................................................................................................

Provision for credit losses .........................................................................................................................................................................

2,051

551

Deferred income taxes ...............................................................................................................................................................................

(473)

(4,360)

Changes in assets and liabilities, net of the effects of acquisitions: ..........................................................................................................

Accounts and equipment financing receivables, net ............................................................................................................................

1,627

5,317

Accounts receivable - restricted for securitization investors ...............................................................................................................

(1,353)

(21,018)

Inventories, net .....................................................................................................................................................................................

(14,015)

(12,304)

Inventories, net - related party .............................................................................................................................................................

(300)

176

Equipment financing receivables, net - restricted for securitization investors ....................................................................................

(17,493)

(5,928)

Other assets ..........................................................................................................................................................................................

7,672

523

Accounts payable .................................................................................................................................................................................

27,328

21,348

Accounts payable - related parties .......................................................................................................................................................

117

(78)

Other liabilities ....................................................................................................................................................................................

4,024

6,840

Net cash provided by operating activities .......................................................................................................................................................

79,869

45,426

Cash flows from investing activities:

Capital expenditures ........................................................................................................................................................................................

(5,187)

(8,478)

Acquisition of businesses, net of cash acquired ..............................................................................................................................................

(3,185)

(2,042)

Proceeds on disposition of assets ....................................................................................................................................................................

142

Originations of equipment financing receivables, net - restricted for securitization investors ......................................................................

(14,224)

(15,843)

Collections of equipment financing receivables, net - restricted for securitization investors ........................................................................

16,113

14,885

Net cash used in investing activities ..........................................................................................................................................................

(6,417)

(11,336)

Cash flows from financing activities:

Payments on long-term borrowings ................................................................................................................................................................

(65,000)

—

Increase in asset backed borrowings owed to securitization investors ...........................................................................................................

47,644

60,047

Decrease in asset backed borrowings owed to securitization investors ..........................................................................................................

(45,895)

(50,004)

Repurchase of common stock .........................................................................................................................................................................

—

(1,912)

Taxes paid related to net share settlement of stock options ............................................................................................................................

(7,612)

—

Net proceeds from stock options exercised ....................................................................................................................................................

—

Net cash (used in)/provided by financing activities ..................................................................................................................................

(70,794)

8,131

Effect of exchange rate changes on cash, cash equivalents, and restricted cash ..................................................................................................

505

Increase in cash, cash equivalents, and restricted cash ........................................................................................................................................

2,659

42,726

Cash, cash equivalents, and restricted cash at beginning of period .....................................................................................................................

149,703

188,042

Cash, cash equivalents, and restricted cash at end of period ................................................................................................................................

$152,362

$230,768

Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Balance Sheets:

Cash and cash equivalents ..............................................................................................................................................................................

$129,349

$204,648

Restricted cash ................................................................................................................................................................................................

1,683

2,719

Restricted cash - for securitization investors ..................................................................................................................................................

21,330

23,401

Total cash, cash equivalents, and restricted cash shown in the Statement of Cash Flows ........................................................................

$152,362

$230,768

Supplemental disclosure of cash flow information:

Cash paid for interest ......................................................................................................................................................................................

$22,468

$25,170

Cash paid for interest - to securitized investors ..............................................................................................................................................

$7,462

$7,565

Cash paid for income taxes .............................................................................................................................................................................

$3,447

$1,959

Supplemental disclosure of investing and financing non-cash activities:

Capital expenditures included in accounts payable ........................................................................................................................................

$2,003

$3,376

ALLIANCE LAUNDRY HOLDINGS INC.

SEGMENT SUMMARY

The following table presents revenue by segment, Segment Adjusted EBITDA and Segment Adjusted

EBITDA Margin:

(Unaudited)

Three Months Ended March 31,

(in thousands)

2026

2025

North America

Segment net revenues

$319,819

$292,319

Segment adjusted EBITDA

$86,928

$80,776

Segment adjusted EBITDA margin

27.2%

27.6%

International

Segment net revenues

$107,068

$97,254

Segment adjusted EBITDA

$32,558

$28,800

Segment adjusted EBITDA margin

30.4%

29.6%

Selected financial information for each segment is as follows:

(Unaudited)

Three Months Ended March 31, 2026

Three Months Ended March 31, 2025

(in thousands)

North America

International

Total

North America

International

Total

Net revenues

$319,819

$107,068

$426,887

$292,319

$97,254

$389,573

Cost of sales(1)

203,958

64,715

185,268

58,517

Other segment items(2)

28,933

9,795

26,275

9,937

Segment Adjusted EBITDA

$86,928

$32,558

$119,486

$80,776

$28,800

$109,576

Reconciling items:

Interest expense, net

(17,888)

(44,912)

Depreciation and amortization

(22,504)

(23,314)

Refinancing and debt related costs

(5)

(1,056)

Foreign exchange gain/(loss) on intercompany

loans, net

6,475

(6,065)

Share-based compensation

(1,895)

(1,003)

Strategic transaction costs

(815)

(862)

Corporate and other

(10,466)

(9,914)

Income before taxes

$72,388

$22,450

(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.

(2)Other segment items for each reportable segment includes allocated engineering, sales and marketing, information technology,

and certain other overhead expenses.

ALLIANCE LAUNDRY HOLDINGS INC.

RECONCILIATION SCHEDULES

The following table presents a reconciliation of Net income to the non-GAAP financial measure

adjusted earnings before interest, taxes depreciation and amortization (Adjusted EBITDA) and Net

income margin to Adjusted EBITDA margin:

(Unaudited)

Three Months Ended March 31,

(in thousands, except percentages)

2026

2025

Net income

$56,916

$17,229

Provision for income taxes

15,472

5,221

Interest expense, net

17,888

44,912

Depreciation and amortization

22,504

23,314

Refinancing and debt related costs

1,056

Foreign exchange (gain)/loss on intercompany loans, net

(6,475)

6,065

Share-based compensation

1,895

1,003

Strategic transaction costs

815

862

Adjusted EBITDA

109,020

99,662

Net revenues

426,887

389,573

Net income margin

13.3%

4.4%

Adjusted EBITDA margin

25.5%

25.6%

The following table presents a reconciliation of Net income to Adjusted net income:

(Unaudited)

Three Months Ended March 31,

(in thousands, except per share data)

2026

2025

Net income

$56,916

$17,229

Amortization of intangible assets

11,824

13,124

Refinancing and debt related costs

1,056

Foreign exchange (gain)/loss on intercompany loans, net

(6,475)

6,065

Share-based compensation

1,895

1,003

Strategic transaction costs

815

862

Tax effect of add backs

(1,637)

(5,085)

Adjusted net income

$63,343

$34,254

Net income per share attributable to common stockholders - diluted:

$0.28

$0.10

Adjusted net income per share attributable to common stockholders - diluted:

$0.31

$0.20

The following table presents the calculation of last twelve months (LTM) adjusted EBITDA for

purposes of calculating Net debt to Adjusted EBITDA:

(Unaudited)

(in thousands)

Three Months

Ended March 31,

2026

Add: Year

Ended December

31, 2025

Less: Three

Months Ended

March 31, 2025

LTM March 31,

2026

Net income

$56,916

$101,755

$17,229

$141,442

Provision for income taxes

15,472

36,279

5,221

46,530

Interest expense, net

17,888

150,501

44,912

123,477

Depreciation and amortization

22,504

93,701

23,314

92,891

Refinancing and debt related costs

3,679

1,056

2,628

Foreign exchange (gain)/loss on

intercompany loans, net

(6,475)

25,152

6,065

12,612

Share-based compensation

1,895

19,779

1,003

20,671

Strategic transaction costs

815

5,627

862

5,580

Adjusted EBITDA

$109,020

$436,473

$99,662

$445,831

The following table presents a reconciliation of Debt to Net Debt and Net Debt to Adjusted EBITDA:

(Unaudited)

(in thousands)

March 31, 2026

December 31, 2025

Term loan

$1,300,000

$1,365,000

Finance lease obligations

201

236

Debt

1,300,201

1,365,236

Less: Cash and cash equivalents

(129,349)

(123,102)

Net debt

$1,170,852

$1,242,134

LTM adjusted EBITDA

$445,831

$436,473

Net Debt to Adjusted EBITDA

2.6x

2.8x

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