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Alliance One International Inc (AOI.N)

AOI.N on New York Stock Exchange

12.50USD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Alliance One International Q3 loss per share $1.73
Monday, 6 Feb 2017 04:35pm EST 

Alliance One International Inc : Alliance One International reports improved sales volumes and improved gross profit as a percentage of sales for the nine months ended December 31, 2016 . Q3 loss per share $1.73 . Sees FY 2017 revenue about $1.79 billion to $1.84 billion . Qtrly sales decreased 7.5% to $454.5 million . Alliance One International Inc sees fiscal year 2017 adjusted EBITDA in a range of approximately $145.0-$165.0 million . Alliance One International Inc says "initial reports indicate larger 2017 crops that we have begun to purchase in Brazil" . Alliance One International Inc says experienced some shipping delays in Turkey due to timing of crop purchases from farmers that will push sales, profitability to next year . Alliance One International Inc says in quarter, improved performance throughout much of global operations offset impact created by adverse El Niño weather, stronger U.S. dollar .Alliance One International Inc says at quarter end, inventory decreased $90.5 million to $845.1 million when compared to same period last year.  Full Article

Alliance One announces completion of certain refinancing transactions
Friday, 14 Oct 2016 04:45pm EDT 

Alliance One International Inc : Alliance One International Inc announces completion of certain refinancing transactions . Alliance One International Inc - Establishes $60 million senior secured revolving asset-based lending facility .ABL facility will mature on January 14, 2021.  Full Article

Alliance One to enter into a credit agreement with certain bank lenders
Tuesday, 27 Sep 2016 07:42am EDT 

Alliance One International Inc : Alliance One International intends to enter into a credit agreement with certain bank lenders to establish a revolving asset-based lending facility- SEC filing . ABL facility will replace Alliance One's existing $210.3 million senior secured revolving credit facility . ABL facility may be used for revolving credit loans, swingline loans, letters of credit up to initial amount of $40 million . Co intends to use a portion of net proceeds of offering to repay in full all outstanding indebtedness .Co expects that the ABL facility will mature on January 14, 2021.  Full Article

Alliance One International announces offering of $275 mln senior secured first lien notes due 2021
Tuesday, 27 Sep 2016 07:30am EDT 

Alliance One International Inc : Alliance One International, Inc. announces offering of $275 million senior secured first lien notes due 2021 .Intends to use portion of net proceeds to repay outstanding indebtedness under senior secured revolving credit facility.  Full Article

Alliance One International reports improved gross profit and gross profit as percentage of sales in fiscal year 2017 Q1 results
Monday, 8 Aug 2016 04:45pm EDT 

Alliance One International Inc : Alliance One International reports improved gross profit and gross profit as percentage of sales in fiscal year 2017 first quarter results . Q1 sales fell 2 percent to $261.1 million . Q1 loss per share $3.54 . Restructuring program on track to deliver over $35.0 million of anticipated recurring annualized savings . Approximately 95.0% of restructuring actions enacted and remainder to be achieved over next 15 months . "anticipate reducing long-term debt by $35.0-$50.0 million per year" .During quarter "we experienced approximately $3.6 million of legal and professional costs associated with kenya matter".  Full Article

Alliance One International says Q4 EPS $11.33
Tuesday, 12 Jul 2016 06:05am EDT 

Alliance One International Inc : Alliance One International reports improved fiscal year 2016 and fourth quarter earnings . Q4 earnings per share $11.33 . Q4 sales $732.3 million . Says internal forecasts anticipate improved sales and adjusted EBITDA for fiscal year 2017 when compared to 2016 . Restructuring that began in march 2015 is on track to deliver over $35.0 million of anticipated recurring annualized savings . Says forecasting increased sales and adjusted EBITDA in second half of fiscal year 2017 versus first half of year . During fiscal year 2017 we are targeting about $15.0 million of capital expenditures for maintenance . Internal forecasts anticipate improved sales and adjusted EBITDA for fiscal year 2017 when compared to 2016 . Reconsolidated Zimbabwe operations as of March 31, 2016 and recorded an associated gain of $106.2 million in other operating income .During fiscal year 2017, targeting roughly $8 million related to rebuilding warehouse damaged by fire in Zimbabwe.  Full Article

Alliance One says third party investigator determined improper accounting occurred at Kenyan entity
Tuesday, 24 May 2016 10:38pm EDT 

Alliance One International Inc : Currently closing fiscal year 2016 books and expect sales of about $1.9 billion and adjusted EBITDA similar to prior year . Third party investigator determined improper accounting occurred at Kenyan entity resulting in about $50.8 million of discrepancies . Now restated financial results for fiscal years 2012 through 2015 and for q1 of fiscal year 2016 .Alliance one international reports results through the third quarter of fiscal year 2016.  Full Article

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BRIEF-Alliance One International Q3 loss per share $1.73

* Alliance One International reports improved sales volumes and improved gross profit as a percentage of sales for the nine months ended December 31, 2016