Core Insights - EVI Industries, Inc. reported a decline in net earnings per share (EPS) to 7 cents for Q2 fiscal 2025, down from 9 cents in the same quarter last year, despite achieving record revenues of 92.7million,a127.5 million, up 4% from the prior year, with gross margin expanding to 29.7% from 28.9% [2][3] - Operating income decreased to 2.4millionfrom3 million, and net income fell to 1.1millioncomparedto1.3 million in the previous year [3] Financial Performance - EVI's sales order backlog remains above 100million,indicatingsteadydemandacrossitssegments,althoughdelaysinlargeindustrialsalescontractshaveimpactedrevenuegrowth[4]−Thecompanyexpandeditsworkforce,increasingitssalesteamby32.2 million in the first half of fiscal 2025, down from 10.9millionayearearlier,primarilyduetoworkingcapitalchangesandacquisition−relatedexpenses[8]ManagementStrategy−TheCEOreaffirmedthecompany′slong−termgrowthstrategy,focusingoninvestmentsinpersonnel,technology,andoperationalefficiency,despitenear−termcostpressures[6]−Managementexpectstobenefitfromorderfulfillmentinthecomingquarters,despitetheuneventimingoflargeindustrialsales[6][10]−EVIcompletedtwoacquisitionsinFloridaandIndiana,enhancingitssalesandservicecapabilities,andalsoenteredtheMidwestmarketwithacommerciallaundrydistributoracquisitioninIllinois[11]MarketOutlook−Managementremainsoptimisticaboutsustaineddemandinthecommerciallaundrysectorandseespotentialforlong−termgrowththroughacquisitionsandorganicexpansion[10]−Thecompanypaidarecorddividendof4.6 million, reflecting confidence in its long-term growth outlook [11]
