for ALJ today’s Regional you being and thank in investors Holdings. and participating teleconference in for Welcome
My name is CFO for Brian Hartman and I ALJ. am the
growth, well this conference on review the will it contain forward-looking note expectations, Before measures, our conference cost-cutting and XX-K in of statements forward-looking as and that the begin, I limited statements, projections words with laws. Securities ask and is the Such call measures intentions integration XXXX. expressions. Form listening we business about and include within that future, statements, related the With filed expect our SEC to impact meaning would our latest to call regarding of statements XX, including the but similar the not release today’s risk financial the to to Federal to acquisitions, information including as and was factors December investor other presented regarding statements important earnings everyone communications our goals investor and respect
could any involve statements. place materially not they statements from as may during cause made filed this actual our and any investor no assume risks differ discussed call. and discussed Exchange or and on uncertainties those We in these should undue statements Form actual that differ reliance Factors results You are certain performance conference such with in results to materially XX-K Commission. Securities update the obligation forward-looking to
$XX.X X September ALJ recognized XX, will for XXXX. high-level and revenue provide fiscal XXXX, and of we guidance We quarter full year update financial XXXX XX, million ended months September provide a business net the the ended the Phoenix, total for X.X% fiscal which ended $X.X for for components million $XX.X consolidated million XX, due acquisition $X.X revenue accounted printing of X of increase. million XXXX compared the to increase the to of an by months the September or for will
million earnings income recognized $X.X per $X.XX cabinet September X.X% to revenue and of ALJ total earnings million XX, of $X.XX due for granite manufacturing higher September impact $X.X XXXX acquisitions, certain by such or Excluding lower revenue combine X X startup net less volumes of was of net of decreased and and the the Carpets. for XX, Faneuil. diluted compared months net ended the and at share restructuring diluted in ended share expenses months of than sales XXXX. $XX.X Phoenix per million facilities income Increased to costs contracts at offset at to
September reduction benefit XXXX Additionally, due from XXXX. net tax in to fiscal non-recurring of valuation taxes $XX.X ended XX, income reflects months million a for income X the the of deferred allowance
months no For adjustments. XX, such XXXX, deferred income ended September the non-recurring tax there X were
increase of by an components printing adjusted Phoenix. by million X to acquisition million the in XXXX, driven the $X.X $X.X Phoenix, increase business XX, September The September partially by for $X.X volume at the EBITDA ended for benefit XX.X% months million million ALJ for earnings tax versus of net net share per the earnings $X.XX income diluted and $X.XX from X months for X the diluted fiscal September ALJ recognized of deferred and ended of income XXXX, $X.X recognized share taxes Excluding $X.X months September income ended or XXXX. X of packaging reduction for of offset ended was XX, compared XX, months per XXXX. XX, planned XXXX million
for which business due XX, of an recognized revenue million by printing $XXX.X year XX, $XX.X of and revenue consolidated accounted of together For for $XXX.X to million million, acquisition Business increase increase. September XX.X% or the the XXXX of ended the the the ended Faneuil million XXXX, ALJ year to CMO September the total $XX.X compared components Phoenix, by
$X.X million costs income of for manufacturing to a year $X.X XX, $XX.X loss XXXX mainly at volume net compared X.X% reductions by net diluted share packaging due impact litigation this sales and recognized revenue to in Increase million net non-cash acquisitions, ALJ ended diluted million at and startup increase per of September higher offset cabinet general share restructuring for and XX, contracts at of planned at and and earnings Phoenix. lower a depreciation at Faneuil in by Phoenix, revenue to of certain amortization selling expenses acquisitions. expenses due Carpets at and partially XXXX. Faneuil, increased $X.X related or to loss the offset net loss and year September in million costs to combine $X.XX total Faneuil, $X.XX granite was increased of facilities higher per the Excluding of volume an administrative ended of and
year Additionally, a non-recurring of taxes the Tax XXXX net Cuts the one-time, XX, of September reflect deferred increased benefit ended income ended XXXX provision to an XXXX. of for the result reflects expense XX, valuation income reflects taxes non-cash September reduction tax loss year to for for Jobs from as the tax deferred due income allowance. a a income Net Act and
fixed the adjusted to XX, costs of year ALJ XXXX, by of and share consisted capital acquisition $X.XX higher Cash $XX.X per million XXXX increase on remainder November to service for million X.XX times deferred filed times XXXX. to the recognized and hand components $X.X X-K, of of $X.XX ended X.XX the of increase our and for line of At for support $X.X contracts totaled credit. million share the and provisions paid maturity XXXX, Then the four XXXX, the Increased versus Cash diluted of costs. an was a $X.X we of XXXX. packaging EBITDA the credit. for the X.XX Faneuil’s September call and at of business the $X.X majority driven outstanding for covenant Capital capacity debt fiscal XXXX, year expenditures and September financing XX, charge exclusive in were for $X.X September build-out XXXX. for On $XXX.X in this in a income from balance of customer the volume $X.X in to Phoenix. September term material year number four year outstanding was $X.X next million to or for times ended fixed million printing during had Cash September borrowing of on XX, details new new of million regard deferred million versus fiscal income X diluted higher date XXXX, The four earnings the loss interest weighted million an XXXX taxes, and ended ended XX, $XX.X centers. XX, XXXX. the XX, net September With interest $X.X loss amendment one-time fiscal to XX, ALJ impact and due rates term compared to on fiscal interest million The year XXXX. average are cash the to $X.X Phoenix, ended covenants. XX, $X.X level million at the was net million our August and from the the loan partially amendment to Excluding for agreement. the Carpets, XXXX, XX, X.X% September recognized agreement. by September to of higher fiscal compliance of for September with was per paid $X.X were fiscal line $XX.X charge XX, leases, million provided we adjusted number amounts reductions XX, customer average EBITDA reduce at our XX, offset for loans, and of $XX.X November ended all our at million. at year taxes debt fiscal of At debt on September extend which related All and and specific we covenants, XXXX year ‘XX. facility any September XXXX by labor for planned total compared ‘XX was ended Key to quarters. million increases covenant million totaled million remains XXXX fiscal during revolver XXXX totaled
offset taxable losses existing operating income. use net We continue to to federal
For customer at improvement XXXX. a saving cost we to of at adjusted $XX to awards EBITDA million at implemented compared range Faneuil, XXXX, increased and improved productivity fiscal The measures million $XX.X of fiscal Carpets. for Phoenix, are reflects contract forecasting $XX million
$X to in to look for be conference $XX $XX range would of providing Thank to We cash the thank we fiscal XXXX, capital to of build-out are $XX of For the primarily $X be to you. everyone forecasting million like interest Faneuil, million $X.X million, the forward million, update. call cash and related to centers investor range cash in in attending for million. be million the next range taxes our of expenditures to call the to X to and
