EVI Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 09, 2024 at 04:40 pm EDT
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EVI Industries, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was USD 83.98 million compared to USD 94.07 million a year ago. Net income was USD 0.956 million compared to USD 2.75 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.19 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.19 a year ago.
For the nine months, sales was USD 263.42 million compared to USD 260.13 million a year ago. Net income was USD 3.58 million compared to USD 7.82 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.54 a year ago.
EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of 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. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Companyâs robust network of commercial laundry technicians, it provides its customers with installation, maintenance, and repair services. It provides its suite of products and services to the replacement and new construction markets for commercial, industrial, vended, and route laundry applications. Its customers include retail, commercial, industrial, institutional, and government customers.