Alliance Laundry: Q3 Earnings Snapshot

RIPON, Wis. (AP) — RIPON, Wis. (AP) — Alliance Laundry Holdings Inc. (ALH) on Tuesday reported third-quarter profit of $65.1 million.

On a per-share basis, the Ripon, Wisconsin-based company said it had net income of 32 cents. Earnings, adjusted for one-time gains and costs, were 38 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The maker of commercial laundry systems posted revenue of $460.9 million in the period.

Alliance Laundry shares have risen 18% since the beginning of the year. The stock has declined almost 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALH at https://www.zacks.com/ap/ALH