Alliance One International 2015 Annual Report

Alliance One International's 2015 fiscal year annual report highlights improved profitability with gross profit up 6.3% to $255.1 million and adjusted EBITDA increasing 9.8% to $173.2 million despite a 12.3% sales decline due to global oversupply. The company initiated a global restructuring program targeting $30-$35 million in recurring cost savings and continued debt reduction efforts, with net leverage decreasing to 5.36x and strong liquidity of $813.2 million.