EVI Industries Inc
AMEX:EVI
EVI Industries Inc
EVI Industries, Inc. operates as a value-added distributor, and provides advisory and technical services. The company is headquartered in Miami, Florida and currently employs 640 full-time employees. The Company’s commercial and industrial laundry equipment includes washroom, finishing, material handling, and mechanical equipment such as washers and dryers, tunnel systems and vended machines. Its Finishing equipment distributed includes sheet feeders, flatwork ironers, automatic sheet folders, and stackers. Material handling equipment distributed includes conveyor and rail systems. Mechanical equipment distributed includes boilers, hot water/steam systems, power generation products, water purification, reuse and recycling systems and air compressors. Boiler products distributed include low emission steam boilers, steam systems and hot water systems. The company also sells replacement parts and accessories. The firm provides installation, maintenance, and repair services.
EVI Industries, Inc. operates as a value-added distributor, and provides advisory and technical services. The company is headquartered in Miami, Florida and currently employs 640 full-time employees. The Company’s commercial and industrial laundry equipment includes washroom, finishing, material handling, and mechanical equipment such as washers and dryers, tunnel systems and vended machines. Its Finishing equipment distributed includes sheet feeders, flatwork ironers, automatic sheet folders, and stackers. Material handling equipment distributed includes conveyor and rail systems. Mechanical equipment distributed includes boilers, hot water/steam systems, power generation products, water purification, reuse and recycling systems and air compressors. Boiler products distributed include low emission steam boilers, steam systems and hot water systems. The company also sells replacement parts and accessories. The firm provides installation, maintenance, and repair services.
Record Results: EVI Industries reported record second-quarter revenue, gross profit, and operating profit, driven by both acquisitions and legacy business.
Revenue Growth: Revenue rose 24% year-over-year to $115 million for the quarter, with trailing 12-month revenue surpassing $425 million.
Profitability: Net income more than doubled, increasing 110%, and adjusted EBITDA reached $7.7 million, up 49%.
Margin Expansion: Gross margin expanded to nearly 31%, reflecting favorable product mix, pricing, and acquisition benefits.
Continued Investments: The company is investing heavily in modernization, technology, and operational capabilities, affecting operating expenses but aimed at long-term efficiency and growth.
Cash Flow & Balance Sheet: EVI generated positive operating cash flow despite higher inventory to meet customer orders and a $5 million dividend payment, maintaining strong liquidity and access to low-cost capital.
Acquisition Pipeline: Management continues to pursue acquisitions and strategic growth opportunities within and adjacent to the laundry ecosystem.
