EVI Industries Q3 revenue down 11% to $84M; net income falls to $1.0M

EVI INDUSTRIES, INC.

2024-Q3 EPS reported $0.24 revenue$263,417,000

Q3 revenue $84.0M (-11% YoY); gross margin improved to 30.7% from 28.3%.
Net income $1.0M ($0.07 diluted EPS) vs $2.8M ($0.18) a year ago.
Nine-month record revenue $263M (+1%), gross profit $77.9M (+3%), and operating cash flow $20.3M (+$27M).
Net debt reduced 36% to $18.6M; equipment sales backlog exceeds $100M.
Completed one acquisition (ALCO Washer Center) for Northeast region.

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 0.9

EVI INDUSTRIES, INC. reported three-month period ended March 31, 2024 results: revenue $84.0 million, net income $1.0 million.

Period: three-month period ended March 31, 2024
Revenue: $84.0 million
Net income: $1.0 million
Result: reported results

Exact text from the filing

Three-Month Results § Revenue decreased 11% to $84.0 million § Gross profit decreased 3% to $25.8 million § Gross margin increased to a record 30.7% compared to 28.3% § Operating income was $2.4 million compared to $4.5 million § Net income was $1.0 million, or 1.1%, compared to $2.8 million, or 2.9% § Adjusted EBITDA was $4.9 million, or 5.9%, compared to $6.7 million, or 7.2%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVI INDUSTRIES, INC. reported nine-month period ended March 31, 2024 results: revenue $263 million, net income $3.6 million.

Period: nine-month period ended March 31, 2024
Revenue: $263 million
Net income: $3.6 million
Result: reported results

Exact text from the filing

Nine-Month Results § Revenue increased 1% to a record $263 million § Gross profit increased 3% to a record $77.9 million § Gross margin increased 40 basis-points to a record 29.6% compared to 29.2% § Operating income was $8.0 million compared to $12.5 million § Net income was $3.6 million, or 1.4%, compared to $7.8 million, or 3.0% § Adjusted EBITDA was $16.4 million, or 6.2%, compared to $19.2 million, or 7.4%

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Source: SEC EDGAR

accession 0001174947-24-000728

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