Business
EVI Industries Reports Record Results for the Three and Nine-Month Periods Ended March 31, 2025
MIAMI, May 12, 2025--EVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the three and nine-month periods ended March 31, 2025, which included certain record results. The Company also provided commentary on its results of operations, cash flow and financial position, its acquisition of Girbau North America, Inc. (GNA), which was completed following quarter-end, and investments in furtherance of its technology initiatives. Click here to listen to the Company’s reco
About this update from Evi Industries, Inc.
[{"type":"text","content":"Increased Sales, Record Gross Profits and Over $9 Million in Operating Cash Flow. Following Quarter-End, EVI Completed its Largest Acquisition, Which Is Expected to Significantly Increase Revenue and Operating Profit and Position the Company for Future Growth","length":259,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI, May 12, 2025--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the three and nine-month periods ended March 31, 2025, which included certain record results. The Company also provided commentary on its results of operations, cash flow and financial position, its acquisition of Girbau North America, Inc. (GNA), which was completed following quarter-end, and investments in furtherance of its technology initiatives. Click here to listen to the Company’s recorded earnings call.","length":536,"tagName":"p"},{"type":"text","content":"Since 2016, EVI has established itself as a leader in the highly fragmented North American commercial laundry distribution and service industry by thoughtfully executing the Company’s long-term growth strategy, which has resulted in a compounded annual growth rate in revenue, net income and adjusted EBITDA of 31%, 18% and 28%, respectively. EVI believes that its strong fundamentals, including its disciplined financial management, targeted market strategy, entrepreneurial culture, commitment to innovation, and strong supplier relationships, collectively provide a solid foundation for continued growth.","length":607,"tagName":"p"},{"type":"text","content":"Company Highlights for the Nine-Month Period Ended March 31, 2025","length":65,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Completed three acquisitions, and subsequently, on April 1, 2025, EVI completed the GNA acquisition","length":99,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Substantially completed the implementation of EVI’s field service technology","length":76,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Surpassed planned milestones in development and deployment of EVI’s digital commerce solution","length":93,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Confirmed customer sales order contracts exceeded the value of those fulfilled during the period","length":96,"tagName":"p","attribs"...