EVI reports record Q4 revenue $83M and full-year revenue $267M; adjusted EBITDA up 58% and 38%

EVI INDUSTRIES, INC.

Q4 revenue $83M (+28% YoY); gross profit $22M (+36%); gross margin 27% (up 140 bps).
Q4 operating income +131% to $2.6M; net income $1.5M (vs $6.8M including $7M PPP gain).
Full-year revenue $267M (+10%); adjusted EBITDA $14.2M (+38%); operating income +97% to $6.4M.
Completed four acquisitions in fiscal 2022; post-year-end acquired K&B Laundry and Aldrich Clean-Tech.
Net debt $24M (vs $6M) from $12M acquisition spend and $15M working capital increase amid supply chain.

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