Exhibit 99.1

 

ALJ REGIONAL HOLDINGS, INC. ANNOUNCES EARNINGS FOR THE THIRD QUARTER ENDED JUNE 30, 2016

NEW YORK, NY, August 12, 2016 – ALJ Regional Holdings, Inc. (NASDAQ: ALJJ) (“ALJ”) announced results today for our third quarter ended June 30, 2016.  

ALJ is a holding Company, whose primary assets include 100% interest in Faneuil, Inc. (“Faneuil”),  Floors-N-More, LLC, dba Carpets N' More (“Carpets”), and  Phoenix Color Corp. (“Phoenix”).  Faneuil is a leading provider of call center services, back office operations, staffing services, and toll collection services to government and regulated commercial clients across the United States. Carpets is one of the largest floor covering retailers in Las Vegas, Nevada, and a provider of multiple products for the commercial, retail and home builder markets including all types of flooring, countertops, cabinets, window coverings and garage/closet organizers, with five retail locations, as well as a stone and solid surface fabrication facility. Phoenix is a leading manufacturer of book components, educational materials and related products producing value-added components, heavily illustrated books and specialty commercial products using a broad spectrum of materials and decorative technologies.

Results for Third Quarter Ended June 30, 2016

Our financial statements reflect the operations of Faneuil and Carpets throughout all periods presented, and Phoenix from August 9, 2015.

 

Investment Highlights

Consolidated Results for ALJ for Third Quarter

·

ALJ recognized revenue of $64.9 million for the three months ended June 30, 2016 compared to $48.7 million for the three months ended June 30, 2015 and $66.3 million for the three months ended March 31, 2016.

·

ALJ recognized adjusted EBITDA of $7.8 million for the three months ended June 30, 2016 compared to $2.7 million for the three months ended June 30, 2015 and $6.8 million for the three months ended March 31, 2016.

·

ALJ posted net income of $1.4 million and earnings per share (EPS) of $0.04 (diluted) for the three months ended June 30, 2016 compared to net income of $0.6 million and EPS of $0.02 (diluted) for the three months ended June 30, 2015 and net income of $0.4 million and EPS of $0.01 (diluted) for the three months ended March 31, 2016.

·

ALJ recognized revenue of $195.9 million for the nine months ended June 30, 2016 compared to $151.8 million for the nine months ended June 30, 2015.

·

ALJ recognized adjusted EBITDA of $20.6 million for the nine months ended June 30, 2016 compared to $12.0 million for the nine months ended June 30, 2015.

·

ALJ posted net income of $2.2 million and EPS of $0.06 (diluted) for the nine months ended June 30, 2016 compared to net income of $5.5 million and EPS of $0.16 (diluted) for the nine months ended June 30, 2015.

·

ALJ repurchased 500,000 shares at $3.89 per share on May 9, 2016.  ALJ retired the 500,000 shares on May 11, 2016.  

 


The following information was filed by Alj Regional Holdings Inc (ALJJ) on Monday, August 15, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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