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Sep 30, 2024
Evi Industries Q1 2025 Earnings Report
Achieved records for revenue, gross profit, operating profit, and net income in the first quarter.
Key Takeaways
EVI Industries reported record first quarter results with achievements in revenue, gross profit, operating profit, and net income. The company also completed one acquisition and invested in long-term growth and efficiency initiatives.
Revenue increased by 6% compared to the same period last year.
Gross profit increased by 12% to a record $29 million, with gross margin increasing to a record 30.8%.
Operating income increased by 92% to a record $5.0 million.
Net income increased by 152% to a record $3.2 million, representing 3.5% of revenue.
Evi Industries
Evi Industries
Forward Guidance
The company expects to continue achieving a greater level of operating performance as it continues its efforts to grow, implement best operating practices, and deploy advanced technologies.