secwatch.observer — SEC 8-K summary
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Issuer:     EVI INDUSTRIES, INC. (EVI)
CIK:        0000065312
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001174947-24-000201
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65312/000117494724000201/0001174947-24-000201-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65312/000117494724000201/form8k-31500_evi.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-000201

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