EVI Industries, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2023
November 09, 2023 at 04:19 pm EST
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EVI Industries, Inc. reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was USD 88.07 million compared to USD 83.43 million a year ago. Net income was USD 1.28 million compared to USD 2.85 million a year ago.
Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.2 a year ago.
EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor, and provides advisory and technical services. The Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. The commercial and industrial laundry equipment distributed by the Company includes washroom, finishing, material handling, and mechanical equipment such as washers and dryers, tunnel systems and vended machines. The finishing equipment distributed by the Company includes sheet feeders, flatwork ironers, automatic sheet folders, and stackers. It also provides its customers with installation, maintenance, and repair services. Its customers include government, institutional, industrial, commercial, and retail customers.