Overview
EVI Industries fiscal Q1 revenue rises 16% to record $108 mln
Net income for fiscal Q1 falls to $1.8 mln from $3.2 mln
Company declares $5 mln special cash dividend, largest in its history
Outlook
EVI Industries expects continued growth through acquisitions and technology investments
Company aims to enhance margins through procurement and supply chain efficiency
EVI prioritizes sustainable growth over short-term margin gains
Result Drivers
ACQUISITIONS - Revenue growth driven by acquired businesses and stable legacy operations
GROSS MARGIN - Record gross margins supported by strategic acquisitions, including Continental
INVESTMENTS IMPACT - Short-term profitability affected by investments in modernization and integration
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | $108.27 mln | ||
Q1 Net Income | $1.85 mln | ||
Q1 EBIT | $3.56 mln | ||
Q1 Pretax Profit | $2.65 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 $33.00, about 18.6% above its October 29 closing price of $26.86
Press Release: ID:nBwCZgnFa
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(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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