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EVI Industries (EVI)
NYSE MKT:EVI
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -18.02%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance with record-breaking metrics in revenue, profit, and margin. The company made strategic acquisitions and technological advancements, contributing to a positive outlook. However, there were challenges with decreased cash flow from operations and increased net debt, alongside short-term financial impacts from technology investments.Company Guidance
In the Q1 2025 earnings call, EVI Industries reported record financial metrics, including revenues of $94 million, gross profit of $29 million, and a gross margin of 30.8%. Operating income reached a record $5 million, net income was $3.2 million or 3.5% of revenue, and adjusted EBITDA was $7.6 million or 8.1% of revenue. The company also announced a special cash dividend of $4.6 million, marking the largest in its history. Furthermore, EVI completed the acquisition of Laundry Pro of Florida and, shortly after the quarter ended, acquired O'Dell Equipment and Supply. These achievements are part of EVI's long-term growth strategy, which focuses on acquisitions, technological advancements, and enhancing operating efficiencies. Despite a $1.3 million decrease in cash from operating activities due to working capital changes, EVI maintains a strong financial position with over $100 million in available liquidity. The company aims to uphold its philosophy of sharing cash flow through dividends while pursuing future acquisitions and strategic opportunities, supported by its growing technology advantage and entrepreneurial culture.Record-Breaking Financial Metrics
Achieved record revenues of $94 million, record gross profit of $29 million, record gross margin of 30.8%, record operating income of $5 million, record net income of $3.2 million (3.5% of revenue), and record adjusted EBITDA of $7.6 million (8.1% of revenue).
Significant Revenue and Profit Growth
Revenue increased by 6%, gross profit increased by 12%, operating income increased by 92%, and net income increased by 152% compared to the same period of the prior fiscal year.
Successful Acquisitions
Completed the acquisition of Laundry Pro of Florida and, shortly after the quarter, O'Dell Equipment and Supply, expanding the company's footprint in the commercial laundry industry.
Largest Dividend in Company History
Declared and paid a special cash dividend of $4.6 million, the largest in EVI's history, reflecting strong cash flow and financial position.
Technological Advancements
Implemented new field service technologies, consolidated business units into enterprise resource planning systems, and launched the configuration of a planned e-commerce site to enhance operational efficiency and growth.
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EVI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EVI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $21.25 | $19.75 | -7.06% |
| Sep 12, 2024 | $16.24 | $17.51 | +7.82% |
| May 09, 2024 | $22.04 | $20.48 | -7.08% |
| Feb 09, 2024 | $20.84 | $21.94 | +5.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does EVI Industries (EVI) report earnings?
EVI Industries (EVI) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is EVI Industries (EVI) earnings time?
EVI Industries (EVI) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EVI EPS forecast?
Currently, no data Available
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