secwatch.observer — SEC 8-K summary
======================================

Issuer:     EVI INDUSTRIES, INC. (EVI)
CIK:        0000065312
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001174947-24-000728
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65312/000117494724000728/0001174947-24-000728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65312/000117494724000728/form8k-32294_evi.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-000728

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