Laundry equipment firm EVI Industries Q4 revenue rises; co announces special dividend

Reuters09-12
Laundry equipment firm <a href="https://laohu8.com/S/EVI">EVI Industries</a> Q4 revenue rises; co announces special dividend

Overview

  • EVI Industries Q4 revenue rises 22% to $110 mln, driven by acquisitions and organic growth

  • Co announces special cash dividend of $0.33 per share, reflecting strong results

Outlook

  • EVI expects Continental acquisition to add $50 mln in annual revenue

  • Company plans to launch e-commerce platform in fiscal 2026

Result Drivers

  • STRATEGIC ACQUISITIONS - EVI completed four acquisitions, including its largest ever, enhancing its geographic footprint and service capabilities

  • ORGANIC GROWTH - Company achieved a 7% compounded annual growth rate in organic revenue, supported by strong demand in healthcare, hospitality, and vended laundry sectors

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$109.96 mln

Q4 Net Income

$2.10 mln

Q4 Adjusted EBITDA

$7.20 mln

Q4 EBIT

$4.11 mln

Q4 Pretax Profit

$3.09 mln

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for EVI Industries Inc is $28.00, about 12.5% above its August 15 closing price of $24.50

Press Release: ID:nBw6Qy1GHa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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