EVI Industries Q2 revenue record $91.4M, up 11%; net income down to $1.3M from $2.2M

EVI INDUSTRIES, INC.

2024-Q2 EPS reported $0.17 revenue$179,438,000

Revenue $91.4M (+11% YoY), gross profit $26.4M (+6%), net income $1.3M vs $2.2M.
Six-month operating cash flow record $11M, $16M improvement; net debt reduced 8.3% to $26.6M.
Paid special dividend $0.28/share ($4.1M); completed ALCO Washer Center acquisition in Northeast.
Adjusted EBITDA Q2 $5.5M (6% margin) vs $5.9M; six-month $11.5M (6.4%) vs $12.4M.
Added 18 sales professionals (+13%) and 28 service technicians (+9%) for organic growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVI INDUSTRIES, INC. reported the quarter ended December 31, 2023 results: revenue $91.4 million, net income $1.3 million, or 1.5% of revenue.

Period: the quarter ended December 31, 2023
Revenue: $91.4 million
Net income: $1.3 million, or 1.5% of revenue
Result: reported results

Exact text from the filing

Revenue increased 11% to a second quarter record of $91.4 million

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Source: SEC EDGAR

accession 0001174947-24-000201

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