ALJ Regional Holdings, Inc. (ALJJ) has reported an 11.51 percent fall in profit for the quarter ended Mar. 31, 2017. The company has earned $0.39 million, or $0.01 a share in the quarter, compared with $0.44 million, or $0.01 a share for the same period last year.
Revenue during the quarter grew 19.64 percent to $79.30 million from $66.28 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $7.70 million compared with $6.80 million in the prior year period. At the same time, adjusted EBITDA margin contracted 55 basis points in the quarter to 9.71 percent from 10.26 percent in the last year period.
"We experienced significant increases in revenue in the second quarter primarily due to increases from our national home builders," said Steve Chesin, chief executive officer of Carpets. "Our costs have remained higher to deliver the additional revenue. However, we believe the cost cutting measures we are implementing currently will take effect over the next two quarters."
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