EVI Industries reports record Q2 results: revenue $82.6M, net income $2.2M, adjusted EBITDA $5.9M

EVI INDUSTRIES, INC.

2023-Q2 EPS reported $0.35 revenue$166,066,000

Revenue record $82.6M (+36% YoY), net income record $2.2M (+321%), diluted EPS $0.15.
Gross margin improved 230 bps to 30.0%; adjusted EBITDA margin 7.2%.
Six-month revenue $166.1M (+33%), net income $5.1M (+99%).
Completed twenty-third acquisition (Wholesale Commercial Laundry Equipment SE) in commercial laundry distribution.
Net debt $32.5M, increased $9M from June 2022 due to working capital and acquisitions.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

EVI INDUSTRIES, INC. reported the three and six months ended December 31, 2022 results: revenue $82.6 million, net income $2.2 million, EPS $0.15.

Period: the three and six months ended December 31, 2022
Revenue: $82.6 million
Net income: $2.2 million
EPS: $0.15
Result: reported results

Exact text from the filing

and achieved incremental operating efficiencies Three-Month Results (compared to the three months ended December 31, 2021) § Revenue increased 36% to a record $82.6 million § Gross profit increased 48% to a record $24.8 million § Gross margin improved 230 basis points to a record 30.0% § Gross margin, net of longer-term customer contracts, was a

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Source: SEC EDGAR

accession 0001174947-23-000195

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