Envela Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 39.86 million compared to USD 49.81 million a year ago. Net income was USD 1.91 million compared to USD 2.53 million a year ago.

Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.09 a year ago.