EVI Q4 revenue up 19% to $65M, FY record $242M revenue, net income $8.4M

EVI INDUSTRIES, INC.

Revenue increased 19% to $65M in Q4; fiscal year revenue up 3% to record $242M.
Gross profit record $60M in FY, up 8%; gross margin expanded 130 bps to 25%.
Q4 net income $6.8M vs. loss of $0.1M; FY net income $8.4M, up 982%.
Adjusted EBITDA Q4 $2.9M (+49%); FY $10.6M (+21%).
Net debt decreased 68% to under $6M; acquired Yankee Equipment & Eastern Laundry in FY.

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