EVI Industries, Inc. (EVI) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to EVI Industries earnings call for the second quarter of the fiscal year ended June 30, 2025. I am Henry Namid, Chairman and CEO of EVI. Before we proceed, we would like to disclose our cautionary statement. This earnings call contains forward-looking statements as defined by SEC rules and regulations. Forward-looking statements are subject to a number of risks and uncertainties, including those set forth in our earnings press release issued today and in our SEC filings including the risk factor section of our annual report on Form 10-K for the fiscal year ended June 30, 2024. Actual results may differ materially from those expressed in or implied by the forward-looking statements. This call also includes a discussion of adjusted EBITDA, which is a non-GAAP financial measure that the company believes is useful in evaluating performance. Please refer to our earnings press release issued today for additional information regarding adjusted EBITDA including the definition of adjusted EBITDA and a reconciliation of adjusted EBITDA to net income, the most comparable GAAP financial measure. Before we get started, I want to share my appreciation to the over 800 valued employees that make up EVI today. Our people are the most valuable asset we have, and without their devotion to our company, our mission, and the thousands of customers we serve, the consistent progress we have made towards achieving our long-term growth goals would not be possible. Today I'll summarize our operating results for the second quarter of the fiscal year ended June 30, 2025, and I'll share our progress in connection with our long-term goals. As I have shared time and again, EVI invests and manages with a long-term perspective. In 2016, we commenced the execution of a long-term gro...