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EVI Industries Inc - EVI STOCK NEWS

Welcome to our dedicated news page for EVI Industries (Ticker: EVI), a resource for investors and traders seeking the latest updates and insights on EVI Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect EVI Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of EVI Industries's position in the market.

Rhea-AI Summary
EVI Industries, Inc. (NYSE American: EVI) Chairman and CEO, Henry M. Nahmad, to participate in Sidoti March Small-Cap Virtual Conference. EVI's buy-and-build strategy focuses on long-term growth, acquiring 25 commercial laundry distributors in 7 years. Revenue, net income, and Adjusted EBITDA grew at CAGR of 36%, 21%, and 33% since 2016.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
none
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Rhea-AI Summary
EVI Industries, Inc. (EVI) reported record revenue, gross profit, and operating cash flows for the three and six months ended December 31, 2023. The company sustained a strong balance sheet amidst investments in sales and service personnel and advanced technologies. EVI's long-term growth strategy led to 25 acquisitions, expansion into new geographies, and growth in revenue, net income, and Adjusted EBITDA. The company paid a special cash dividend of $0.28 per share and reduced net debt by 8.3% to $26.6 million. Investments in sales professionals, service technicians, and advanced technologies aim to drive organic growth and operational efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.29%
Tags
earnings
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Rhea-AI Summary
EVI Industries, Inc. (NYSE American: EVI) announced its first quarter fiscal year ending June 30, 2024 results, with record revenue and gross profit. The company also highlighted its growth initiatives, technology investments, and financial strength. Key highlights include a 6% increase in revenue to $88.1 million, a 5% increase in gross profit to $25.7 million, and sustained gross margins of over 29%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
Tags
earnings
Rhea-AI Summary
EVI Industries, Inc. CEO to present at Baird Global Industrial Conference and host one-on-one meetings with investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
conferences
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Rhea-AI Summary
EVI Industries reports record results in key financial metrics for Q4 and FY 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.18%
Tags
dividends earnings
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Rhea-AI Summary
EVI Industries CEO to participate in Sidoti September Small-Cap Virtual Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
Tags
none
Rhea-AI Summary
EVI Industries completes acquisition of ALCO Washer Center, enhancing distribution capabilities
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
Tags
acquisition
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Rhea-AI Summary
EVI Industries CEO to host meetings at Jefferies Industrials Conference on Sep 6. Company executes buy-and-build strategy, acquiring 24 commercial laundry distributors in 7 years. Operates from 30 distribution locations in 19 states and exports to Latin America. Continues long-term growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
-
Rhea-AI Summary
EVI Industries, Inc. has announced the acquisition of ALCO Washer Center, a distributor of commercial laundry products. The acquisition will expand EVI's customer base and distribution footprint in the northeast region of the United States.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.79%
Tags
acquisition
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.95%
Tags
acquisition
EVI Industries Inc

NYSE:EVI

EVI Rankings

EVI Stock Data

315.59M
5.08M
59.6%
40.62%
1.37%
Service Establishment Equipment and Supplies Merchant Wholesalers
Wholesale Trade
Link
US
Miami

About EVI

envirostar, inc. is a distributor of commercial laundry and dry cleaning equipment, industrial boilers, and related parts, supplies, and technical services. the company has been involved in this industry since 1959 and is the only publicly traded distributor in this industry. envirostar’s common stock is traded on the new york stock exchange mkt under the ticker symbol evi. envirostar seeks to grow its north american market share through the execution of its buy-and-build strategy. in that pursuit, envirostar intends to focus on buying market-leading laundry and general cleaning products businesses, and building them through the implementation of a growth culture that focuses on adding new locations, offering a more expansive and complimentary product line, and delivering a vast array of technical services.