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Jun 30, 2021
Evi Industries Q4 2021 Earnings Report
EVI Industries set new records for revenue, gross profit, and net income in Q4 2021.
Key Takeaways
EVI Industries reported record fiscal fourth quarter and fiscal year ended June 30, 2021 operating results, establishing new fiscal fourth quarter records for gross profit and net income and fiscal year records for revenue, gross profit and net income.
Revenue for the fourth quarter of fiscal 2021 increased to $65 million, a 19% increase compared to the fourth quarter of fiscal 2020.
Gross margin for the fourth quarter of fiscal 2021 increased to approximately twenty-five percent (25%), an increase of seventy (70) basis points compared to the fourth quarter of fiscal 2020.
Net debt decreased by 68% as compared to the end of fiscal 2020.
The company successfully acquired two businesses, Yankee Equipment Systems and Eastern Laundry Systems.