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EVI Industries, Inc. (NYSE: EVI) is a leading distributor in the commercial laundry, dry cleaning, and industrial boiler sectors. Established in 1959, EVI is the only publicly traded company in this industry, emphasizing its unique position and extensive market experience. The company’s core business involves selling, leasing, and renting equipment, along with providing essential replacement parts, accessories, and technical services. EVI Industries operates across the United States, Canada, the Caribbean, and Latin America, servicing a diverse clientele that includes commercial, industrial, institutional, government, and retail customers.
EVI Industries is committed to expanding its market share in North America through a strategic ‘buy-and-build’ approach. This strategy focuses on acquiring market-leading businesses in the laundry and general cleaning products sectors and fostering growth through the addition of new locations, enhancement of product lines, and an array of technical services. EVI's goal is to create a growth-oriented culture that not only increases its reach but also improves its service offerings.
Recent achievements have seen EVI Industries successfully integrate several acquisitions, enhancing its distribution network and product portfolio. The company's strong financial condition, underscored by consistent revenue growth and strategic investments, ensures long-term stability and growth potential. EVI’s emphasis on providing turn-key solutions, including the design and installation of laundry, dry cleaning, and boiler systems, further solidifies its market position.
Partnerships with leading manufacturers allow EVI to offer cutting-edge products, ensuring their clients receive the best available equipment and services. The company’s dedication to customer satisfaction and technical support is evident in its comprehensive service offerings, which include installation, maintenance, and repair services.
EVI Industries, Inc. reported record revenue, gross profit, and operating cash flows for the nine-month period ended March 31, 2024. Despite a decline in revenue for the three-month period, the company achieved a record gross margin. EVI has been investing in technology initiatives to drive future growth and profitability. The company completed an acquisition during the period and increased its operating cash flows significantly. EVI's focus on long-term growth, financial strength, and strategic acquisitions position it well for the future.
EVI Industries, Inc. (NYSE American: EVI) announced its participation in the 18th Annual Barrington Research Virtual Spring Investment Conference. The Chairman and CEO, Henry M. Nahmad, will host one-on-one meetings with investors on May 16, 2024. With a focus on long-term growth and shareholder value creation, EVI has acquired 25 commercial laundry distributors and service providers in North America in the past seven years. The company operates from over 30 distribution locations, serving 19 states and exporting to Latin America and the Caribbean. EVI's revenue, net income, and Adjusted EBITDA have shown impressive growth rates since 2016.
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