Welcome and Holdings. for of CEO investors Brian thank and you and ALJ. in for teleconference Hartman Jess an being With and Chairman. me ALJ Ravich, the Regional I’m My is is participating name CFO in our today’s
was Such Securities the cost-cutting information Before I as release and expressions. intentions would earnings measures our investor projections, statements Exchange the expectations, review to statements goals, communications presented December our we With ask including statements in impact this XX, the future, important similar our of include investor acquisition, measures, our and begin, expect meaning respect statement, related within statements risk laws. Form contain note latest regarding regarding forward-looking not filed growth, and Commission the financial the on that to call, including XX-K call today’s about as will that and integration limited it everyone but listening business with the to to factors XXXX. words well to other security is of and forward-looking federal
materially any Securities differ discussed our and forward-looking in to call. statements this not may results are We obligation actual as You on statement. uncertainties could that those during investor such Factors materially Commission. involve Exchange the actual assume reliance place discussed to and filed should statements from results certain risks undue cause differ they with Form XX-Q no performance these and XX-K or update in any
financial not assessing GAAP. in superior and operations. we additional financial information non-GAAP assist substitute or isolation of measures performance call, a our is to to prepare accordance for information believes with or projected in Presentation in it of non-GAAP evaluating considered meant course be of the an will this ongoing reviews performance also historical this financial reference investors and may financial our Management During measures. historical
For that please GAAP non-GAAP of on Securities financial Form latest XX-K filed a was the XXXX. Commission historical U.S. measures, reconciliation XX, Exchange to with December see our and
forward-looking In including XXXX non-GAAP financial addition, adjusted reference will EBITDA. year we fiscal certain information
We unable unreasonable corresponding GAAP information revenue, certain we expenses forward-looking are forward-looking estimate because measures non-GAAP forward-looking to to this financial unable to efforts items. income and are reconcile without GAAP other
sales volumes Carpets. to recognized three offset $X.X to share compared XX, at ALJ of per primarily diluted ended fully September a related months trade net for XXXX, the at Phoenix, $X.XX share per a taxes. diluted three provision the in $X.XX million the improvement decrease of million loss $XX months ended million of $X.X XXXX, ended XX.X%, increase We state $XX.X will XXXX million year-to-date ended contracts and provide consolidated $XXX.X driven a September by employment high increase was fiscal we’ll to September XX, million component year recognized ALJ three of guidance compared and September fiscal provide then ended Faneuil, update the for the or quarter income XX, net $X.X the to the XX, of due revenue loss September loss financial in for implementation contract and level The activities full and a was XXXX. at somewhat the earnings new an net million for by for of lower for XX, three XXXX. fully and months XXXX. months and income for of increase
related XX%, at for $X.X result increase The compared activities contracts at activities of sales new ended Faneuil, of unemployment improved months margin three adjusted Phoenix. Phoenix, and start and Carpets. contracts, at ended volumes state by Faneuil of at XX, $X.X primarily $X.X a implementation September unemployment the XXXX. lower the new to XX, implementation offset components an at trade September of the million to million in increase volumes million a ALJ new for addition, EBITDA XXXX, months three from increased increase contracts In component was recognized and state trade or
For loss consolidated at related $XXX $XXX.X of education the component $XX.X an offset X.X%, million September of or lower by was volumes new compared Phoenix per diluted the the loss loss $XX increase driven a start comparable compared XX, activities to in XXXX, XXXX, year by at a Carpets. fiscal implementation revenue recognized prior XXth, The year of a non-recurring million XX, year-to-date fiscal fiscal for million, ALJ at for goodwill. ended for fully comparable year-to-date million a and $XX.X year prior to and $X.XX recognized to million of ended the net impairment September ended increase share the Faneuil, loss to-date per ALJ of $X.XX lower Net period. contracts sales of for million reflects non-cash $XX diluted of fully share loss period. September
to period. debt to $X.X fiscal $XX.X recognized million comparative loss our ended arrangements. related loans. at to such $X.X completion million on million current the $X.X equipment covenants. was million The new for With a $X.XX ALJ per result benefit in million share September expansion related education of had was and September year-to-date taxes. year-to-date in mainly and debt XXXX, the both regard the Cash was a tax Carpets, capacity XX, ended borrowing In million XXXX. XX, at September million are our totaled all of leases consisted September of is XX.X%, September lower of for term of at interest $XX year-to-date XX, and fiscal taxes capital September which prior any XXXX state volumes Phoenix, period. exclusive million amounts primarily debt on we’re decrease $XX the in credit, comparable million prior a the new for XX, is prior to year-to-date ongoing line September Cash to of XXXX, of year provision the and certain and new diluted ALJ ended was XXXX, of All $X.X offset to financing related operational period. Cash million of on $XX.X costs. million $XX Phoenix offset covenants prior of impairment deferred at decrease year, ended million. ended the somewhat unemployment contracts million hand XXXX, the the certain loan period. volumes capital and totaled to XXXX, at Carpets; the income taxes to year of ALJ challenges of income by $X.X million $X.X contracts for year-to-date fiscal outstanding sales or implementations consistent and income XXXX, financing million XX, had was $XX.X by change decrease taxes for of somewhat for of paid fiscal to $XX.X from adjusted Excluding Cash component for million compliance million $X year year. XX, our term At $X.X for lower total in lower contract lower free comparable rates Most interest cash prior with September million and Faneuil Faneuil. the and $XXX.X EBITDA average the expenditures million versus the was is compared for $X.X decrease of $XX.X primarily contracts goodwill, a comparative deferred at with related of of start the due the fully XX, The related XX, loss recognized inefficiencies fiscal we totaled on of credit debt. line interest due $X.X
federal income. losses continue to We taxable use offset net existing to operating
if fiscal the versus the quarter For new of had year $X.X approximately XXXX range million EBITDA to million to for anticipated to COVID-XX, based note first QX the forecasted prior XXXX our needed It that in EBITDA locations, we comparable we quarter. is our would to occur, result that in will did to QX date. for to $X at-home million EBITDA of on million the consolidated all in than contract We ending December million this anticipate EBITDA $XX to COVID loss an million adjusted million the XX, XXXX related quarter more company. to not is two contract but as Included be transition physical mentioned go-live million been important workforce implement previously, a $X center due $X prior adjusted $X the adjusted at an fiscal $X have $X from planned loss of fiscal call XXXX, of adjusted of Faneuil.
XXXX the adjusted was XXXX, $X year higher of Faneuil contract $XX in including forecasted to For are full anticipating XXXX, QX which loss fiscal than we be fiscal fiscal million EBITDA million. the at
million, million financing to lease expenditures equipment cash open to to million, amortization For we $X questions. $XX and to are payments of call range term $X.X the of range initiatives million forecasting full $X.X a million $X.X million, of the $X and cash to to taxes million restructurings the XXXX, $X year $X the of in $X to in million We’ll of be related be million in in $X range the cash capital $X million, efficiency be of cash to million. capital now fiscal range interest loan to for the
