Brief: Alj Regional Holdings Announces Earnings For The First Quarter Ended December 31, 2019

ALJ Regional Holdings

14/02/2020 22:17

Feb 14 (Reuters) - ALJ Regional Holdings Inc  ALJJ.O :
    * ALJ REGIONAL HOLDINGS, INC. ANNOUNCES EARNINGS FOR THE
FIRST
QUARTER ENDED DECEMBER 31, 2019
    * Q1 REVENUE FELL 3.5 PERCENT TO $90.5 MILLION
    * QTRLY LOSS PER SHARE OF $0.10
    * ALJ REGIONAL - QUARTER'S RESULT WAS IMPACTED BY DECREASE
IN
SALES, UNFAVORABLE BUILDER/CUSTOMER MIX, AND LOWER THAN
ANTICIPATED UPGRADES FROM CUSTOMERS
    * EXPECT SALES AND PROFITABILITY TO BEGIN TO RECOVER
STARTING IN
THIRD FISCAL QUARTER
    * ALJ ESTIMATES CONSOLIDATED NET REVENUE FOR THREE MONTHS
ENDING
MARCH 31, 2020 TO BE IN RANGE OF $95.5 MILLION TO $102.5 MILLION
    * INCREASED PRICING FOR HOUSING IN LAS VEGAS MARKET IN
QUARTER
    * EXPECT INCREASED PRICING FOR HOUSING IN LAS VEGAS MARKET
TO
CONTINUE FOR NEXT QUARTER
    * EXPECT FANEUIL'S RESULTS TO SHOW IMPROVEMENT STARTING
APRIL 2020
    * ALJ REGIONAL HOLDINGS - FANEUIL'S TOTAL CONTRACT BACKLOG
AS OF
DECEMBER 31, 2019 WAS $614.3 MILLION
    * ALJ REGIONAL HOLDINGS - CARPETS TOTAL BACKLOG AS OF DEC
31, 2019
WAS $9.4 MILLION VERSUS $11.6 MILLION AS OF DEC 31, 2018
    * ALJ REGIONAL HOLDINGS - PHOENIX'S TOTAL CONTRACT BACKLOG
AS OF
DECEMBER 31, 2019 WAS $160.8 MILLION

Source text for Eikon:  ID:nPn4QCQ2ya 
Further company coverage:  ALJJ.O 

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