EVI Industries Inc (AMEX:EVI)

Q2 2025 EVI Industries Inc Earnings Call (Pre-recorded) Transcript

Feb 10, 2025 / 10:59 AM GMT

Release Date Price: $18.16 (+2.08%)

Transcript 8-K10-Q

Key Points

Positve

EVI Industries Inc (EVI) achieved record revenues of $93 million for the three-month period and $186 million for the six-month period ending December 31, 2024.
The company set a gross profit record of $28 million for the three-month period and $56 million for the six-month period, with a gross margin record of 30%.
EVI Industries Inc (EVI) completed two acquisitions during the six-month period, enhancing its sales and service expertise in the Southeast region.
The company successfully implemented new field service technologies across over 70% of its operations, improving efficiency.
EVI Industries Inc (EVI) paid a special cash dividend of $4.6 million, the largest in its history, reflecting strong financial performance.

Negative

Revenue growth was modest, with only a 1% increase for the three-month period and a 4% increase for the six-month period, attributed to irregular industrial revenue cadence and delays in large sales orders.
Cash provided by operating activities decreased by $8.7 million compared to the same period in the previous year, primarily due to changes in working capital.
The company's net debt increased from $8.3 million to $24 million during the six-month period, partly due to acquisitions and dividend payments.
Only one customer was invoiced for over a million dollars during the second quarter, compared to five in the same period of the prior year, indicating potential challenges in securing large contracts.
The aggregate cost and expense associated with modernization initiatives are adversely impacting financial performance in the near term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EVI.A - EVI Industries Inc
Q2 2025 EVI Industries Inc Earnings Call (Pre-recorded)
Feb 10, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to EVI Industries earnings call for the 2nd quarter of the fiscal year ending June 30, 2025. I am Henry Named, 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 rules and regulations. Forward-looking statements are subject to a number of risks and uncertainties, including those set forth in our earnings press release issued today and in our SEC filings, including the risk factor section of our annual report on Form 10K for the fiscal year ended June 30, 2024. Actual results may differ materially from those expressed in or implied by the forward-looking statements. This call also

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