secwatch.observer — SEC 8-K summary
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Issuer:     EVI INDUSTRIES, INC. (EVI)
CIK:        0000065312
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001174947-24-001057
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EVI reports flat FY revenue, record gross margin, record $33M operating cash flow; special dividend increased 10%
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- Fiscal 2024 revenue $353.6M (flat YoY); gross profit record $105.3M (+2%); gross margin record 29.8% (+50 bps).
- Net income fell to $5.6M from $9.7M; adj. EBITDA $22.6M vs $25.6M; investments pressured operating income.
- Record operating cash flow $33M (+$32M YoY); net debt reduced 71% to $8.3M.
- Special dividend $0.31/share (+10%), payable Oct 7, 2024, to holders of record Sep 26, 2024.
- Completed acquisitions in PA and TX in FY 2024; third deal in Florida closed July 1, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65312/000117494724001057/0001174947-24-001057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65312/000117494724001057/form8k-32853_evi.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-001057

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