EVI Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 10, 2024 at 02:10 am IST
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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 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.
EVI INDUSTRIES, INC. 
