Financial Performance - Revenue for fiscal 2024 was $353.6 million, flat compared to $354.2 million in fiscal 2023[3] - Gross profit increased 2% to a record $105.3 million, with a gross margin of 29.8%, up from 29.3%[3] - Adjusted EBITDA for fiscal 2024 was $22.6 million, or 6.4%, compared to $25.6 million, or 7.2% in the previous year[3] - Operating income decreased to $11,628 thousand for the 12 months ended June 30, 2024, down from $16,506 thousand in 2023, indicating a decline of 29.6%[18] - Net income for the 12 months ended June 30, 2024, was $5,646 thousand, a decrease of 41.5% from $9,719 thousand in 2023[18] - Basic net earnings per share for the 12 months ended June 30, 2024, were $0.39, down from $0.68 in the previous year[18] - Adjusted EBITDA for the twelve months ended 06/30/24 was $22,585,000, down 11.7% from $25,592,000 in the previous year[24] Cash Flow and Liquidity - Record operating cash flows of $33 million for fiscal 2024, a $32 million increase over the prior year[2] - Net cash provided by operating activities increased significantly to $32,652,000 from $940,000 year-over-year[21] - Cash at the end of the period decreased to $4,558,000 from $5,921,000, a decline of 23.0%[21] - Cash paid for interest increased to $2,783,000 from $2,469,000, reflecting a rise of 12.7%[22] - Cash paid for income taxes rose to $4,575,000, compared to $3,099,000, marking an increase of 47.7%[22] Debt and Equity - Net debt declined 71% to $8.3 million as of June 30, 2024[2] - Long-term debt decreased significantly to $12,903 thousand as of June 30, 2024, from $34,869 thousand in the previous year, a decrease of 63.0%[20] - Shareholders' equity increased to $136,606 thousand as of June 30, 2024, compared to $130,956 thousand in 2023, reflecting a growth of 4.3%[20] Assets and Liabilities - Total assets decreased to $230,659 thousand as of June 30, 2024, from $253,847 thousand a year earlier, representing a decline of 9.1%[20] - Current liabilities decreased to $69,803 thousand as of June 30, 2024, compared to $76,445 thousand in 2023, a reduction of 8.5%[20] Operational Developments - The company executed three acquisitions during fiscal 2024, enhancing its sales and service expertise[2] - The company increased its sales team by 6% to over 190 professionals and its service team by 5% to approximately 400 technicians[5] - The company implemented new field service technologies aimed at improving service operations efficiency[5] Revenue Breakdown - Equipment revenue was flat, while parts revenue increased 6.6% and service revenue increased 7.8% during fiscal 2024[4] Dividends and Stock Compensation - A special cash dividend of $0.31 per share was declared, a 10% increase over the previous special cash dividend[7] - The company paid dividends totaling $4,071,000 during the period, with no dividends paid in the previous year[21] - Stock compensation expenses increased to $4,974,000 from $3,062,000, reflecting a rise of 62.3%[21] Accounts Receivable - The company reported a significant increase in accounts receivable, which rose to $7,028,000 from a decrease of $5,664,000 in the prior year[21]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.025 par value EVI NYSE American FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to _________________________ ...

Zacks Investment Research has recently initiated coverage of EVI Industries, Inc. (EVI) with a Neutral recommendation. This coverage highlights the company's strategic positioning in the expanding dry-cleaning and laundry services market, balanced against several notable challenges. EVI Industries, headquartered in Miami, is a value-added distributor of a wide range of commercial laundry equipment and services. The company has leveraged a "buy-and-build" strategy since 2015, making significant acquisitions ...

Exhibit 99.1 EVI Industries Reports Third Quarter Results Including Record Cash Flows Achieved Record Revenue and Gross Profits, and a Record $20M in Operating Cash Flows for the Nine-Month Period, Further Strengthened its Balance Sheet, and Increased Investments Across Key Technology Initiatives Miami, Florida – May 9, 2024 – EVI Industries, Inc. (NYSE American: EVI) announced its operating results for the three- and nine- month periods ended March 31, 2024, including record revenue, gross profit, and oper ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-14757 EVI Industries, Inc. (Exact name of registrant as specified in its charter) Delaware 11-2014231 (State or other jurisdiction of (I.R. ...

MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: EVI) announced today that its Chairman and CEO, Henry M. Nahmad, will participate in the Sidoti March Small-Cap Virtual Conference. Mr. Nahmad is scheduled to host one-on-one meetings with registered investors on March 13 and 14, 2024. To schedule a one-on-one meeting, please contact the Sidoti Marketing & Events team at conference@sidoti.com. EVI executes a buy-and-build strategy focused on long-term growth and shareholder value creation. During ...

MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: EVI) (“EVI” or the “Company”) announced today results for the three- and six-month periods ended December 31, 2023, including record revenue, gross profit, and operating cash flows. The Company also provided commentary on its results of operations, financial strength, growth initiatives, and the status of its technology investments. Click here to listen to the Company’s recorded earnings conference call. Through disciplined execution of its long- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-14757 EVI Industries, Inc. (Exact name of registrant as specified in its charter) Delaware 11-2014231 (State or other jurisdiction of (I ...

EVI Industries, Inc. (NYSE:EVI) Q1 2024 Results Conference Call November 9, 2023 9:00 AM ET Company Participants Henry Nahmad - Chairman and Chief Executive Officer Henry Nahmad Hello, and welcome to EVI Industries' Earnings Call for the First Quarter of the Fiscal Year ending June 30, 2024. This is Henry Nahmad, Chairman and CEO of EVI. Before we proceed, we would like to disclose our cautionary statement. This earnings call contains forward-looking statements as defined by SEC laws and regulations. Forwar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Delaware 11-2014231 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 4500 Biscayne Blvd., Suite 340, Miami, FL 33137 (Address of principal executive offices) (305) 402-9300 (Registrant's telephone number, including area code) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITI ...