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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