Enviro-Serv Plans 2025 Expansion and Financial Turnaround
Enviro-Serv (OTC: EVSV) reported strong financial results for 2024, marking a significant turnaround with a net income of $745,537, compared to a net loss of $(214,329) in 2023. The company achieved 16% revenue growth to $303,018 and increased gross profit by 15.3% to $256,251.
Key financial improvements include:
- 31% reduction in total liabilities
- 39% decrease in stockholders' deficit
- Positive operating cash flow of $210,470 vs $(146,171) in 2023
- Cash reserves doubled to $37,075
For 2025, EVSV announced expansion plans in both real estate and pest control sectors. The company targets high-growth real estate markets including Austin, Phoenix, Toronto, Vancouver, and Atlanta, focusing on properties with 8% cap rates. Their pest control division reported 20% growth in termite sales, supported by contracts with Hillsborough County, MacDill Air Force Base, and City of Clearwater.
Enviro-Serv (OTC: EVSV) ha riportato risultati finanziari solidi per il 2024, segnando un significativo cambiamento con un reddito netto di $745,537, rispetto a una perdita netta di $(214,329) nel 2023. L'azienda ha raggiunto una crescita del fatturato del 16% a $303,018 e ha aumentato il profitto lordo del 15,3% a $256,251.
I principali miglioramenti finanziari includono:
- riduzione del 31% delle passività totali
- decremento del 39% del deficit degli azionisti
- flusso di cassa operativo positivo di $210,470 rispetto a $(146,171) nel 2023
- riserve di liquidità raddoppiate a $37,075
Per il 2025, EVSV ha annunciato piani di espansione nei settori immobiliare e di controllo dei parassiti. L'azienda punta a mercati immobiliari in forte crescita tra cui Austin, Phoenix, Toronto, Vancouver e Atlanta, concentrandosi su proprietà con tassi di capitalizzazione dell'8%. La loro divisione di controllo dei parassiti ha riportato una crescita del 20% nelle vendite di termiti, supportata da contratti con la Contea di Hillsborough, la Base Aerea di MacDill e la Città di Clearwater.
Enviro-Serv (OTC: EVSV) reportó resultados financieros sólidos para 2024, marcando un cambio significativo con un ingreso neto de $745,537, en comparación con una pérdida neta de $(214,329) en 2023. La compañía logró un crecimiento de ingresos del 16% a $303,018 y aumentó la ganancia bruta en un 15.3% a $256,251.
Las principales mejoras financieras incluyen:
- reducción del 31% en las deudas totales
- disminución del 39% en el déficit de los accionistas
- flujo de caja operativo positivo de $210,470 frente a $(146,171) en 2023
- reservas de efectivo duplicadas a $37,075
Para 2025, EVSV anunció planes de expansión en los sectores inmobiliario y de control de plagas. La compañía apunta a mercados inmobiliarios de alto crecimiento, incluidos Austin, Phoenix, Toronto, Vancouver y Atlanta, enfocándose en propiedades con tasas de capitalización del 8%. Su división de control de plagas reportó un crecimiento del 20% en las ventas de termitas, respaldada por contratos con el Condado de Hillsborough, la Base de la Fuerza Aérea de MacDill y la Ciudad de Clearwater.
Enviro-Serv (OTC: EVSV)는 2024년 강력한 재무 결과를 보고하며, 2023년 -$(214,329)의 순손실에 비해 $745,537의 순이익을 기록하며 상당한 전환점을 맞이했습니다. 회사는 16%의 매출 성장을 달성하여 $303,018에 도달했으며, 총 이익은 15.3% 증가하여 $256,251에 이릅니다.
주요 재무 개선 사항은 다음과 같습니다:
- 총 부채 31% 감소
- 주주 결손 39% 감소
- 2023년 -$(146,171)에 비해 $210,470의 긍정적인 운영 현금 흐름
- 현금 보유액이 $37,075로 두 배 증가
2025년을 위해 EVSV는 부동산 및 해충 방제 부문에서의 확장 계획을 발표했습니다. 회사는 오스틴, 피닉스, 토론토, 밴쿠버 및 애틀랜타를 포함한 고성장 부동산 시장을 목표로 하며, 8%의 자본화율을 가진 부동산에 집중하고 있습니다. 그들의 해충 방제 부서는 힐스보로 카운티, 맥딜 공군 기지 및 클리어워터 시와의 계약을 통해 지원받아 흰개미 판매에서 20%의 성장을 보고했습니다.
Enviro-Serv (OTC: EVSV) a annoncé de solides résultats financiers pour 2024, marquant un retournement significatif avec un revenu net de $745,537, par rapport à une perte nette de $(214,329) en 2023. L'entreprise a réalisé une croissance des revenus de 16% à $303,018 et a augmenté son bénéfice brut de 15,3% à $256,251.
Les principales améliorations financières comprennent:
- réduction de 31% des passifs totaux
- diminution de 39% du déficit des actionnaires
- flux de trésorerie opérationnel positif de $210,470 contre $(146,171) en 2023
- réserves de liquidités doublées à $37,075
Pour 2025, EVSV a annoncé des plans d'expansion dans les secteurs de l'immobilier et de la lutte antiparasitaire. L'entreprise cible des marchés immobiliers à forte croissance, notamment Austin, Phoenix, Toronto, Vancouver et Atlanta, en se concentrant sur des propriétés avec des taux de capitalisation de 8%. Leur division de lutte antiparasitaire a rapporté une croissance de 20% des ventes de termites, soutenue par des contrats avec le comté de Hillsborough, la base aérienne de MacDill et la ville de Clearwater.
Enviro-Serv (OTC: EVSV) hat starke finanzielle Ergebnisse für 2024 gemeldet und damit eine bedeutende Wende vollzogen, mit einem Nettogewinn von $745,537 im Vergleich zu einem Nettverlust von $(214,329) im Jahr 2023. Das Unternehmen erzielte ein Umsatzwachstum von 16% auf $303,018 und erhöhte den Bruttogewinn um 15,3% auf $256,251.
Wichtige finanzielle Verbesserungen umfassen:
- 31% Rückgang der Gesamtverbindlichkeiten
- 39% Rückgang des Eigenkapitaldefizits
- Positiver operativer Cashflow von $210,470 gegenüber $(146,171) im Jahr 2023
- Bargeldreserven verdoppelt auf $37,075
Für 2025 kündigte EVSV Expansionspläne in den Bereichen Immobilien und Schädlingsbekämpfung an. Das Unternehmen zielt auf wachstumsstarke Immobilienmärkte wie Austin, Phoenix, Toronto, Vancouver und Atlanta ab und konzentriert sich auf Immobilien mit einer Kapitalisierungsrate von 8%. Ihre Abteilung für Schädlingsbekämpfung berichtete von einem 20%igen Wachstum bei den Termitenverkäufen, unterstützt durch Verträge mit dem Hillsborough County, der MacDill Air Force Base und der Stadt Clearwater.
- Net income turnaround from $(214,329) loss to $745,537 profit
- Revenue growth of 16% to $303,018
- Gross profit increased by 15.3% to $256,251
- 31% reduction in total liabilities
- 20% year-over-year growth in termite sales
- Positive operating cash flow of $210,470
- Cash reserves doubled to $37,075
- Relatively small revenue base of $303,018 despite growth
- Company still carries stockholders' deficit despite 39% improvement
Company Reports Strong Financial Recovery and Unveils 2025 Growth Plans in Real Estate and Pest Control Sectors
- Financial Turnaround: Achieved a net income of
$745,537 in 2024, reversing a previous net loss of$214,329. - Debt Reduction: Reduced total liabilities by
31% , strengthening financial stability and supporting long-term growth. - Strategic Expansion: Targeting high-growth real estate markets like Austin, Phoenix, and Toronto with a focus on properties offering an
8% cap rate. - Pest Control Growth: Increased termite sales by
20% year-over-year, supported by key contracts with Hillsborough County, MacDill Air Force Base, and the City of Clearwater
TORONTO, March 20, 2025 (GLOBE NEWSWIRE) -- Enviro-Serv, Inc. (OTC: EVSV), a diversified holding company specializing in real estate and pest control services, today announced its financial results for the year ended December 31, 2024, highlighting a remarkable financial turnaround. Additionally, the company unveiled its ambitious 2025 expansion plans, focusing on growth within both the real estate and pest control sectors to drive long-term shareholder value.
Key Insights:
- Net Income of
$745,537 in 2024, compared to a net loss of$(214,329) in 2023, reflecting a strong financial recovery. - Revenue growth of
16% , rising to$303,018 in 2024 from$261,116 in 2023. - Gross Profit increased by
15.3% to$256,251 , demonstrating stronger core operations. - Significant reduction in total expenses by
13.9% , driven by improved cost management and lower general and administrative costs. - Total liabilities decreased by
31% , strengthening the company’s financial position and reducing debt. - Stockholders’ deficit decreased by
39% , reflecting a positive shift towards financial stability. - Positive net cash flow from operating activities of
$210,470 , a significant improvement from the negative cash flow of$(146,171) in 2023. - Termite sales up by
20% from the previous year, showcasing growth in high-demand pest control services. - Cash reserves more than doubled, reaching
$37,075 at year-end 2024, compared to$16,545 in 2023.
Strategic Expansion into Real Estate for 2025
As part of its 2025 strategic growth plan, Enviro-Serv is thrilled to announce a significant expansion into the real estate sector. Recognizing real estate as a robust asset class, EVSV aims to drive revenue growth and enhance shareholder value through targeted investments.
To maximize returns, EVSV is strategically positioning itself in high-performing multifamily markets poised for growth in 2025, including:
- Austin, TX
- Phoenix, AZ
- Toronto, ON
- Vancouver, BC
- Atlanta, GA
By targeting high-growth locations and prioritizing properties with a minimum
Strengthening the Pest Control Division
In addition to its real estate expansion, Enviro-Serv remains committed to growing its pest control operations. Building upon a successful 2024, the company plans to deepen its presence in existing contracts and expand residential services to capture additional market share.
Current key contracts include:
- Hillsborough County Contract
- MacDill Air Force Base Contract
- City of Clearwater Contract
With termite sales up by
Commitment to Shareholders
EVSV is dedicated to transparency and investor engagement. As part of this commitment, the company will continue to adhere to the new OTCID requirements launching in July 2025 and utilize ongoing marketing strategies throughout fiscal 2025. Comprehensive updates will be released during fiscal 2025, offering key insights into the company’s growth trajectory and strategic initiatives aimed at delivering long-term value.
Positioned for Continued Success
“The real estate and pest control sectors offer tremendous opportunities for EVSV, and we are committed to executing strategic expansions that maximize returns while strengthening our position as a diversified holding company,” said Reno J. Calabrigo, CEO of Enviro-Serv, Inc. “Our success in 2024 has laid a solid foundation, and we are confident that our forward-thinking initiatives will drive sustainable growth for years to come.”
About Enviro-Serv, Inc.
Enviro-Serv, Inc. (OTC: EVSV) is a Delaware-based diversified holding company focused on expanding its portfolio through strategic investments in both pest control and real estate. Committed to driving shareholder value through innovation and sound financial management, EVSV is well-positioned to capitalize on emerging opportunities in high-growth markets.
The company is currently undergoing a strategic transition to increase its focus on the real estate sector, targeting specific regions that offer attractive and superior returns on investment. As part of its growth strategy, EVSV is investing in high-demand rental markets, aiming to maximize cap rate returns and secure sustainable cash flow.
Simultaneously, EVSV continues to operate and manage its full-service pest control subsidiary, maintaining a diversified business model. The pest control division consistently generates revenue through commercial and residential services and holds key contracts with government and municipal entities. By leveraging its proven expertise and strategic positioning, EVSV remains focused on building a diversified portfolio that balances operational excellence with sustainable growth.
Forward-Looking Statements:
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. These statements reflect the company's current views regarding future events that involve risks and uncertainties. These risks include, among others, the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the company's liquidity position, the company's ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In light of these uncertainties, the forward-looking events referred to in this press release might not occur.
For more information, please visit www.evsv.org or contact:
Enviro-Serv, Inc.
Phone: +1 813-708-9910
Email: info@evsv.org
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/159d81f9-595c-4d64-8381-c78dd3b0ab13
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