EVI Industries (NYSEAMERICAN:EVI) Issues Quarterly Earnings Results

EVI Industries (NYSEAMERICAN:EVI) announced its earnings results on Monday. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11), FiscalAI reports. The business had revenue of $101.13 million for the quarter, compared to analysts’ expectations of $111.30 million. EVI Industries had a net margin of 1.72% and a return on equity of 5.18%.

Here are the key takeaways from EVI Industries’ conference call:

• EVI reported record revenue, record gross profit, and record gross margin for the 3- and 9-month periods ended March 31 and highlights multi-year CAGRs of ~29% (revenue), 15% (net income) and 26% (adjusted EBITDA) since 2016.
• The company has substantially completed deployment of its ERP, field service platform, and business intelligence systems and is shifting focus to operational optimization to improve scalability, efficiency, and operating leverage.
• Fulfillment was affected by severe weather, customer facility readiness and installation timing, causing project delays and higher inventory/working capital; management says much of the affected volume remains in backlog and ~65% of equipment inventory is allocated to confirmed orders.
• Operational service trends improved—service appointments rose ~9% sequentially to >27,500 and technician productivity improved ~3%—and the company is pursuing adjacent, high‑margin opportunities (e.g., Premier Chemical Solutions) to grow repeat sales to its installed base.
• M&A remains active with the acquisition of Belenky (the 32nd business), and management expects disciplined acquisitions, facility consolidation and continued cost control to support future margin expansion and growth.

EVI Industries Trading Down 3.9%

EVI Industries stock traded down $0.79 during trading hours on Monday, hitting $19.26. The company had a trading volume of 109,068 shares, compared to its average volume of 28,272. The firm has a market cap of $247.68 million, a P/E ratio of 40.98 and a beta of 0.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.58. EVI Industries has a 1 year low of $15.85 and a 1 year high of $34.82. The company has a 50-day moving average price of $20.44 and a two-hundred day moving average price of $22.66.

Institutional Trading of EVI Industries

Several institutional investors and hedge funds have recently modified their holdings of EVI. BNP Paribas Financial Markets grew its stake in EVI Industries by 45.2% in the third quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 491 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of EVI Industries by 237.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock worth $44,000 after buying an additional 1,408 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of EVI Industries by 27.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock worth $64,000 after buying an additional 829 shares during the period. Deutsche Bank AG grew its position in shares of EVI Industries by 17.5% during the 4th quarter. Deutsche Bank AG now owns 4,017 shares of the industrial products company’s stock worth $99,000 after buying an additional 597 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of EVI Industries by 39.6% during the 4th quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after buying an additional 1,416 shares in the last quarter. Institutional investors own 37.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and set a $35.00 price objective on shares of EVI Industries in a report on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, EVI Industries has a consensus rating of “Buy” and a consensus target price of $35.00.

About EVI Industries

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.