secwatch.observer — SEC 8-K summary
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Issuer:     EVI INDUSTRIES, INC. (EVI)
CIK:        0000065312
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001174947-22-000660
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EVI Industries reports Q3 revenue down 4% but record gross profit and margin; backlog over $150M
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- Q3 revenue $60M (-4% YoY); gross profit record $17M (+8%); gross margin record 28.4% (+320 bps).
- Nine-month results: revenue record $184M (+4%); gross profit record $52M (+18%); net income up 61% to $2.6M.
- Backlog exceeds $150M, up over 20% YoY; credit facility extended to $140M for five years.
- Completed acquisitions of Consolidated Laundry, Laundry South, Spynr; agreement for Clean Designs/Clean Route.
- Net debt $18.3M, up $12.5M, driven by working capital increases and acquisition costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65312/000117494722000660/0001174947-22-000660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65312/000117494722000660/form8k-28054_evi.htm
  HTML page:      https://secwatch.observer/filing/0001174947-22-000660

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer