EVI Q1 record revenue $88.1M, net income $1.3M; one-time stock comp $1.2M

EVI INDUSTRIES, INC.

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

Record Q1 revenue $88.1M (+6% YoY); gross profit $25.7M (+5% YoY); gross margin 29.2%.
Operating income $2.6M vs $4.4M; adjusted op income $3.8M excluding $1.2M one-time stock comp.
Net income $1.3M (1.5% of revenue) vs $2.8M; Adjusted EBITDA $6.0M vs $6.5M.
Operating cash flow $1.5M, improvement of $7.7M; net debt $29.7M.
Completed acquisition of ALCO Washer Center in Northeast; technology investments ongoing.

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 first quarter of its fiscal year ending June 30, 2024 results: revenue $88.1 million, net income $1.3 million.

Period: first quarter of its fiscal year ending June 30, 2024
Revenue: $88.1 million
Net income: $1.3 million
Result: reported results

Exact text from the filing

expertise to the Company’s Northeast Region Fiscal First Quarter Highlights (compared to the first quarter of fiscal 2023) § Revenue increased 6% to a first quarter record $88.1 million § Gross profit increased 5% to a first quarter record $25.7 million § Gross margin was 29.2% compared to 29.4% in the same quarter of the prior fiscal year § Operating income was

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Source: SEC EDGAR

accession 0001174947-23-001382

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