---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-24-000728"
form_type: "8-K"
ticker: "EVI"
cik: "0000065312"
company_name: "EVI INDUSTRIES, INC."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:29:49.264663+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001174947-24-000728
- form_type: 8-K
- ticker: EVI
- cik: 0000065312
- company_name: EVI INDUSTRIES, INC.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65312/000117494724000728/0001174947-24-000728-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65312/000117494724000728/form8k-32294_evi.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-24-000728
- JSON: https://secwatch.observer/filing/0001174947-24-000728.json
- Plain text: https://secwatch.observer/filing/0001174947-24-000728.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/65312/000117494724000728/0001174947-24-000728-index.htm
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/65312/000117494724000728/0001174947-24-000728-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.