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Jun 30, 2022
Evi Industries Q4 2022 Earnings Report
Reported record fourth quarter and fiscal year operating results.
Key Takeaways
EVI Industries reported a record fourth quarter with revenue of approximately $83 million, a 28% increase over the same period in fiscal 2021. Gross profit also increased by 36% to a record $22 million. Operating income increased 131% from $1.1 million to $2.6 million.
Reported record revenue of approximately $83 million for the quarter ended June 30, 2022, an increase of 28% over the same period of fiscal 2021.
Gross profit increased 36% to a record $22 million, or a 140 basis-point increase in gross margin to approximately 27%.
Operating income increased 131% from $1.1 million to $2.6 million.
Adjusted EBITDA in the fourth quarter of fiscal 2022 was $4.6 million, or 5.6% of revenue, compared to $2.9 million, or 4.5% of revenue in the fourth quarter of fiscal 2021.
Evi Industries
Evi Industries
Forward Guidance
Company is well-positioned to fulfill strong demand for the products and services they provide due to advanced placement of purchase orders, improved demand planning, adequate inventory, a growing team of sales professionals and service technicians, and ample liquidity to make necessary investments in connection with long-term growth strategy.
Positive Outlook
- Advanced placement of purchase orders
- Improved demand planning
- Adequate inventory
- Growing team of sales professionals
- Ample liquidity to make necessary investments
Challenges Ahead
- Continued supply chain constraints
- Continued labor constraints