secwatch.observer — SEC 8-K summary
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Issuer:     EVI INDUSTRIES, INC. (EVI)
CIK:        0000065312
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001174947-24-001250
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EVI Industries reports record Q1 revenue $93.6M, net income up 152% YoY
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- Record revenue $93.6M (+6% YoY); gross margin 30.8% vs 29.2%.
- Net income $3.2M (+152% YoY); adjusted EBITDA $7.6M (8.1% margin).
- Completed acquisition of Laundry Pro (FL) in Q1; post-Q1 acquired O'Dell Equipment (IN).
- Declared special cash dividend $0.31/share, paid Oct 7, 2024 (largest in EVI history).
- Net debt increased to $15.5M from $8.3M due to acquisition; liquidity >$100M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65312/000117494724001250/0001174947-24-001250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65312/000117494724001250/form8k-33140_evi.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-001250

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