secwatch.observer — SEC 8-K summary
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Issuer:     EVI INDUSTRIES, INC. (EVI)
CIK:        0000065312
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001174947-23-001382
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65312/000117494723001382/0001174947-23-001382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65312/000117494723001382/form8k-31071_evi.htm
  HTML page:      https://secwatch.observer/filing/0001174947-23-001382

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer