ALJ Regional Holdings Releases First Earnings Report,Planning of Public Offering

NEW YORK - ALJ Regional Holdings, Inc., which sells home cabinetry and closets, fabricates countertops, among other businesses, issued its first quarter earnings and announced it has filed with the SEC in anticipation of listing ALJ common stock on a national securities exchange.

NEW YORK - ALJ Regional Holdings, Inc., which sells home cabinetry and closets, fabricates countertops, among other businesses, issued its first quarter earnings and announced it has filed with the SEC in anticipation of listing ALJ common stock on a national securities exchange.

ALJ acquired Faneuil, Inc. in October 2013, Floors-N-More, LLC, dba Carpets N' More in April 2014 and Phoenix Color Corp. in August 2015. Faneuil provides 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 provides book components, educational materials and specialty commercial products. Financial statements reflect the full operations of Faneuil from October 18, 2013, Carpets from April 1, 2014 and Phoenix from August 9, 2015.

Overall ALJ reported revenue of $64.8 million for the three months ended December 31, 2015; Carpets, which includes the cabinetry and interiors parts of the business, showed revenue of $11.7 million; Phoenix recognized $19.3 million in revenue for the period.

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