EVI Industries reports record Q3 revenue $94.1M, net income $2.8M, up 57% and 6,775% YoY

EVI INDUSTRIES, INC.

2023-Q3 EPS reported $0.54 revenue$260,132,000

Revenue $94.1M (+57% YoY), gross profit $26.6M (+56%), operating income $4.5M (+2,275%).
Net income $2.8M (+6,775% YoY), diluted EPS $0.19; adjusted EBITDA $6.7M (+216%), margin 7.2%.
Nine-month revenue $260.1M (+41%), net income $7.8M (+202%), adjusted EBITDA $19.2M (+100%).
Completed three acquisitions in nine months; 23 total since 2016 buy-and-build strategy.
Net debt $34.8M; inventory +132% to $63M; ample liquidity for growth investments.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EVI INDUSTRIES, INC. reported quarter ended March 31, 2023 results: revenue $94.1 million, net income $2.8 million, EPS $0.19.

Period: quarter ended March 31, 2023
Revenue: $94.1 million
Net income: $2.8 million
EPS: $0.19
Result: reported results

Exact text from the filing

twenty-three businesses in the commercial laundry industry since 2016 Three-Month Results (compared to the three months ended March 31, 2022) § Revenue increased 57% to a record $94.1 million § Gross profit increased 56% to a record $26.6 million § Gross margin decreased 10 basis points to 28.3% § Operating income increased 2,275% to a record $4.5 million § Net income

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EVI INDUSTRIES, INC. reported nine months ended March 31, 2023 results: revenue $260.1 million, net income $7.8 million, EPS $0.54.

Period: nine months ended March 31, 2023
Revenue: $260.1 million
Net income: $7.8 million
EPS: $0.54
Result: reported results

Exact text from the filing

to a record $6.7 million, and adjusted EBITDA margin increased to 7.2% Nine-Month Results (compared to the nine months ended March 31, 2022) § Revenue increased 41% to a record $260.1 million § Gross profit increased 47% to a record $75.9 million § Gross margin improved 130 basis points to a record 29.2% § Operating income increased 226% to a record $12.5 million §

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Source: SEC EDGAR

accession 0001174947-23-000757

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