Eye-Catching Stock to Track: ALJ Regional Holdings Inc. (NASDAQ: ALJJ)

NEW YORK, July 23, 2019 – Shares of ALJ Regional Holdings Inc. (NASDAQ: ALJJ) gained 0.62% to $1.61. The stock traded total volume of 3.910K shares lower than the average volume of 29.97K shares.

ALJ Regional Holdings, Inc. (ALJJ) recognized consolidated net revenue of $88.00M for the three months ended March 31, 2019, a decrease of $7.10M, or 7.5%, contrast to $95.10M for the three months ended March 31, 2018. The decrease was mainly driven by lower sales volumes in cabinets, flooring, and countertops at Carpets, offset somewhat by Component sales at Phoenix. ALJ recognized consolidated net revenue of $93.80M for the three months ended December 31, 2018.

ALJ recognized net income of $0.40M and income per share of $0.01 (diluted) for the three months ended March 31, 2019, contrast to net loss of $0.30M and loss per share of $0.01 (diluted) for the three months ended March 31, 2018. Reduced net revenue was offset by reduced selling, general and administrative expenses that reflect the completion of combining manufacturing facilities at Phoenix and process improvements and cost reductions at Carpets. ALJ recognized net income of $0.70M and income per share of $0.02 (diluted) for the three months ended December 31, 2018.

ALJ recognized adjusted EBITDA of $8.70M for the three months ended March 31, 2019, a boost of $1.10M, or 15.1%, contrast to $7.60M for the three months ended March 31, 2018. The increase was driven by process improvements and cost reductions at Carpets, and higher sales and lower operational expenses at Phoenix. ALJ recognized adjusted EBITDA of $8.60M for the three months ended December 31, 2018.

ALJ recognized consolidated net revenue of $181.80M for the six months ended March 31, 2019, a decrease of $8.30M, or 4.4%, contrast to $190.10M for the six months ended March 31, 2018. The decrease was driven by lower sales volumes in cabinets, flooring, and countertops at Carpets, offset somewhat by new customer contracts at Faneuil.

ALJ recognized net income of $1.10M and income per share of $0.03 (diluted) for the six months ended March 31, 2019, contrast to net loss of $5.70M and loss per share of $0.15 (diluted) for the six months ended March 31, 2018. Reduced net revenue was offset by reduced selling, general and administrative expenses that reflect the completion of combining manufacturing facilities at Phoenix, new customer contracts and lower legal expenses at Faneuil, and process improvements and cost reductions at Carpets, and reduced provision for income taxes to reflect a one-time, non-cash deferred income tax expense of $4.10M as a result of the Tax Cuts and Jobs Act of 2017 recorded during the six months ended March 31, 2018. Excluding such deferred income tax expense, ALJ recognized net loss of $1.60M and loss per share of $0.04 (diluted) for the six months ended March 31, 2018.

ALJ recognized adjusted EBITDA of $17.30M for the six months ended March 31, 2019, a boost of $3.20M, or 22.3%, contrast to $14.20M for the six months ended March 31, 2018. The increase was driven by process improvements and cost reductions at Carpets, and new customer contracts and lower legal expenses at Faneuil.

ALJ estimates consolidated net revenue for the three months ending June 30, 2019 to be in the range of $81.00M to $89.90M, contrast to $89.70M for the three months ended June 30, 2018.

ALJJ has the market capitalization of $61.99M and its EPS growth ratio for the past five years was -15.50%. The return on assets ratio of the Company was -0.20% while its return on investment ratio stands at 3.80%. Price to sales ratio was 0.17 while 6.70% of the stock was owned by institutional investors.

Madonna Ramirez

I am Madonna Ramirez and I give “Digital Market News” an insight into the most recent news hitting the “Services” sector in Wall Street.

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.

Address: 3855 Hart Country Lane, Blue Ridge, GA 30513, USA
Phone: (+1) 706-633-1897
Email: madonnaramirez@digitalmarketnews.com
Madonna Ramirez
Madonna Ramirez

Madonna Ramirez

I am Madonna Ramirez and I give “Digital Market News” an insight into the most recent news hitting the “Services” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 3855 Hart Country Lane, Blue Ridge, GA 30513, USA Phone: (+1) 706-633-1897 Email: madonnaramirez@digitalmarketnews.com

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