EVI Industries (NYSEAMERICAN:EVI – Get Free Report) released its quarterly earnings results on Monday. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11), FiscalAI reports. The firm had revenue of $101.13 million during the quarter, compared to analysts’ expectations of $111.30 million. EVI Industries had a return on equity of 5.18% and a net margin of 1.72%.
Here are the key takeaways from EVI Industries’ conference call:
- EVI reported record revenue, record gross profit, and record gross margin for the 3- and 9-month periods ended March 31 and highlights multi-year CAGRs of ~29% (revenue), 15% (net income) and 26% (adjusted EBITDA) since 2016.
- The company has substantially completed deployment of its ERP, field service platform, and business intelligence systems and is shifting focus to operational optimization to improve scalability, efficiency, and operating leverage.
- Fulfillment was affected by severe weather, customer facility readiness and installation timing, causing project delays and higher inventory/working capital; management says much of the affected volume remains in backlog and ~65% of equipment inventory is allocated to confirmed orders.
- Operational service trends improved—service appointments rose ~9% sequentially to >27,500 and technician productivity improved ~3%—and the company is pursuing adjacent, high‑margin opportunities (e.g., Premier Chemical Solutions) to grow repeat sales to its installed base.
- M&A remains active with the acquisition of Belenky (the 32nd business), and management expects disciplined acquisitions, facility consolidation and continued cost control to support future margin expansion and growth.
EVI Industries Stock Performance
Shares of NYSEAMERICAN EVI traded down $0.79 during midday trading on Monday, reaching $19.26. The company had a trading volume of 109,068 shares, compared to its average volume of 28,272. EVI Industries has a 1 year low of $15.85 and a 1 year high of $34.82. The business’s 50-day simple moving average is $20.44 and its 200 day simple moving average is $22.66. The company has a current ratio of 1.58, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. The stock has a market cap of $247.68 million, a P/E ratio of 40.98 and a beta of 0.05.
Hedge Funds Weigh In On EVI Industries
Analyst Upgrades and Downgrades
Separately, DA Davidson reiterated a “buy” rating and set a $35.00 price objective on shares of EVI Industries in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, EVI Industries has a consensus rating of “Buy” and an average price target of $35.00.
Get Our Latest Research Report on EVI
EVI Industries Company Profile
EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.
Featured Articles
- Five stocks we like better than EVI Industries
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Receive News & Ratings for EVI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EVI Industries and related companies with MarketBeat.com's FREE daily email newsletter.
