ALJ Regional Holdings Inc. (fka ALJJ)

[10 bagger]

ALJJ. $1.04..

I wonder how much of this comes over to ALJJ on the buyout..

and a $2.4 million increase from new business contracts at the Faneuil segment.

Harland Clarke Holdings Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
Aug 2 13
Harland Clarke Holdings Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported total net revenues were $437.3 million compared to $405.9 million for the same period a year ago. Operating income was $78.8 million compared to $38.1 million for the same period a year ago. Loss before income taxes was $38.0 million compared to $12.9 million for the same period a year ago. Net loss was $22.5 million compared to $7.7 million for the same period a year ago. Adjusted EBITDA was $127.9 million compared to $108.3 million for the same period a year ago. EBITDA was $65.6 million compared to $92.3 million for the same period a year ago. The increase in consolidated net Revenue was also due to a $12.1 million increase in license revenues and a $2.3 million increase in credit management solutions revenues at the Harland Financial solutions segment, an $8.0 million increase from the NCP Solutions acquisition and a $4.1 million increase from higher revenues per unit at the Harland Clarke segment, and a $2.4 million increase from new business contracts at the Faneuil segment. Net loss was increased due to a non-cash loss on early extinguishment of debt of $61.0 million ($37.2 million after-tax) and an increase in interest expense, partially offset by a decrease in charges from non-cash fair value acquisition accounting adjustments related to the Macandrews acquisition as well as cost reductions and other operational improvements. For the six months, the company reported total net revenues were $866.8 million compared to $819.7 million for the same period a year ago. Operating income was $156.8 million compared to $61.5 million for the same period a year ago. Loss before income taxes was $16 million compared to $47.9 million for the same period a year ago. Net loss was $8.8 million compared to $30.6 million for the same period a year ago. Adjusted EBITDA was $250.3 million compared to $213.0 million for the same period a year ago. EBITDA was $190.3 million compared to $167.1 million for the same period a year ago. The decrease in net loss was primarily due to a decrease in charges from non-cash fair value acquisition accounting adjustments related to the Macandrews acquisition as well as cost reductions and other operational improvements, partially offset by a non-cash loss on early extinguishment of debt of $61.0 million ($37.2 million after-tax) and an increase in interest expense. The increase in consolidated net Revenue was also due to an $18.0 million increase in license revenues and a $4.0 million increase in credit management solutions revenues at the Harland Financial Solutions Segment, an $8.0 million increase from the NCP Solutions acquisition and a $1.8 million increase from higher revenues per unit at the Harland Clarke segment and a $4.4 million increase from new business contracts at the Faneuil Segment.