Welcome to our dedicated page for Evi Industries news (Ticker: EVI), a resource for investors and traders seeking the latest updates and insights on Evi Industries stock.
EVI Industries Inc (EVI) delivers essential equipment and technical services to commercial laundry operations, industrial facilities, and institutional clients across North America. This dedicated news hub provides investors and industry professionals with authoritative updates on corporate developments, strategic initiatives, and market positioning.
Access real-time announcements including earnings reports, acquisition activity, leadership changes, and operational milestones. Our curated collection simplifies tracking of EVI's buy-and-build expansion strategy and evolving service offerings in laundry systems, industrial boilers, and technical maintenance solutions.
Key updates cover equipment distribution partnerships, geographic expansion into new regions, and innovations in turnkey system design. Content is organized to highlight financial performance indicators and long-term growth patterns while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined monitoring of EVI's progress in consolidating its niche market position. Return for objective reporting on how the company addresses evolving demands in commercial equipment distribution and industrial maintenance sectors.
EVI Industries, Inc. (NYSE American: EVI) announced that its Chairman and CEO, Henry M. Nahmad, will participate in the Sidoti March Small-Cap Virtual Conference on March 22 and 23, 2023. The company has executed a buy-and-build strategy, acquiring 23 commercial laundry distributors over seven years. EVI operates from over 30 locations across 19 states, exporting to Latin America and the Caribbean. The company offers a range of services including planning, design, and maintenance for commercial laundry operations. EVI emphasizes long-term growth and shareholder value creation.
EVI Industries announced record results for the three and six months ended December 31, 2022, driven by a robust buy-and-build growth strategy. Comparatively, revenue soared 36% to $82.6 million in Q2, with net income surging 321% to $2.2 million. Over six months, revenue reached $166.1 million, a 33% increase, while diluted EPS rose to $0.35. The acquisition of Wholesale Commercial Laundry Equipment SE bolstered geographical presence and customer base. Despite a slight increase in net debt to $32.5 million, EVI maintains a strong financial position, positioning itself for continued growth and enhanced operational efficiencies.
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