EVI Industries reports record FY revenue $354.2M, Q4 revenue $94M; declares $0.28 special dividend

EVI INDUSTRIES, INC.

2024-Q1 EPS reported $0.09 revenue$88,074,000

Record FY revenue $354.2M (+32% YoY); record gross profit $103.7M (+41%); operating income $16.5M (+158%).
Record Q4 revenue $94.0M (+14%); Q4 net income $1.9M (+26%), diluted EPS $0.13.
Adjusted EBITDA record FY $25.6M (+80%), Q4 $6.4M (+39%).
Board declared special cash dividend of $0.28/share, payable Oct 26, record Oct 16.
Completed four acquisitions in FY23; net debt $29M as of June 30, 2023.

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 the fourth fiscal quarter and the fiscal year ended June 30, 2023 results: revenue $354.2 million, net income $9.7 million, EPS $0.67.

Period: the fourth fiscal quarter and the fiscal year ended June 30, 2023
Revenue: $354.2 million
Net income: $9.7 million
EPS: $0.67
Result: reported results

Exact text from the filing

achieve our long-term growth and profitability goals.” Fiscal Fourth Quarter Results (compared to the fourth quarter of fiscal 2022) § Revenue increased 14% to a record $94.0 million. § Gross profit increased 25% to a record $27.8 million. § Gross margin increased 270 basis points to a record 29.5%. § Operating income increased 57% to a record $4.0 million. §

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EVI INDUSTRIES, INC. reported the fourth fiscal quarter and the fiscal year ended June 30, 2023 results: revenue $354.2 million, net income $9.7 million, EPS $0.67.

Period: the fourth fiscal quarter and the fiscal year ended June 30, 2023
Revenue: $354.2 million
Net income: $9.7 million
EPS: $0.67
Result: reported results

Exact text from the filing

to $0.13. § Adjusted EBITDA increased 39% to a record $6.4 million, approximately 6.8%. Fiscal Year 2023 Results (compared to fiscal 2022) § Revenue increased 32% to a record $354.2 million. § Gross profit increased 41% to a record $103.7 million. § Gross margin improved 170 basis points to a record 29.3%. § Operating income increased 158% to a record $16.5 million.

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Source: SEC EDGAR

accession 0001174947-23-001193

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