Loading...
Evi Industries Q3 2025 Earnings Report
EVI Industries reported a slight increase in net income and revenues for the three months ended March 31, 2025, compared to the same period last year, driven by price increases and acquisitions.
Key Takeaways
EVI Industries, Inc. reported a net income of $1,041,000 for the three months ended March 31, 2025, a slight increase from $956,000 in the prior year. Revenues for the quarter increased by 11% to $93,538,000, primarily due to price increases and contributions from recent acquisitions. Operating expenses also rose by 10%, impacting overall profitability.
Net income for the quarter increased to $1,041,000 from $956,000 in the prior year.
Revenues grew by 11% to $93,538,000, driven by price increases and acquired businesses.
Gross profit increased by 9% to $28,055,000, with margins slightly decreasing from 30.7% to 30.0% due to product and customer mix.
Operating expenses rose by 10% to $25,780,000, primarily due to acquired businesses and increased operational costs.
Forward Guidance
The Company anticipates that its existing cash, anticipated cash from operations, and funds available under its Credit Agreement will be sufficient to fund operations and capital expenditures for at least the next twelve months and beyond. The Company may also seek to raise funds through equity and/or debt securities for acquisitions and other strategic transactions.
Positive Outlook
- Sufficient liquidity from existing cash, anticipated cash from operations, and available credit facilities.
- Potential to raise additional funds through equity and/or debt securities for strategic growth.
- Continued pursuit of the 'buy-and-build' growth strategy through acquisitions.
- Expansion of revolving credit facility to $200 million, increasing borrowing capacity.
- Extension of Credit Agreement maturity date to March 26, 2030, providing long-term financial flexibility.
Challenges Ahead
- Exposure to interest rate risk due to variable rate borrowings, with a hypothetical 1% increase in daily rates raising annual interest expense by $240,000.
- Foreign sales may be affected by the strength of the United States dollar and economic conditions in other countries.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...