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Dec 31, 2024
Evi Industries Q2 2025 Earnings Report
Reported record revenue and gross profits, continued investment in operations and completed acquisition.
Key Takeaways
EVI Industries reported record revenue of $93 million and record gross profit of $28 million for the second quarter ended December 31, 2024. The company's investments in sales and service teams and technology initiatives impacted operating profits but are expected to yield positive returns in the future. The company also completed two acquisitions during the six-month period ended December 31, 2024
Record revenue of approximately $93 million for the three-month period ended December 31, 2024, an increase of 1% compared to the same period of the prior fiscal year.
Set second quarter record for gross profit at $28 million.
Grew sales team by 3% to over 190 professionals and increased service team by 10% to over 425 professionals.
Company completed the acquisition of two commercial laundry distributors and service providers, one in Florida and the other in Indiana during the six-month period ended December 31, 2024.