EVI Industries Q1 revenue up 16% driven by business acquistions

Reuters11-11
<a href="https://laohu8.com/S/EVI">EVI Industries</a> Q1 revenue up 16% driven by business acquistions

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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