earnings
confidence high
sentiment positive
materiality 0.75
EVI Industries posts record Q1: revenue $64M (+10%), net income $2.0M, adj. EBITDA $4.4M (+78%)
EVI INDUSTRIES, INC.
2022-Q1 EPS reported
$0.15
revenue$63,741,000
- Record revenue of $64M (+10% YoY); gross margin expanded 470 bps to 27.7%.
- Net income rose to $2.0M from $0.52M; Adjusted EBITDA up 78% to $4.4M (7.0% margin).
- Supply chain disruptions impacted sales; backlog grew; company raised prices to offset inflation.
- Net debt $17M; operating cash flow –$10M on higher receivables and inventory for growth.
- Over $100M available capital for buy-and-build acquisition strategy.