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EVI Industries, Inc., through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment. It sells and/or leases commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. The company offers washroom, finishing, material handling, and mechanical equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment, such as sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems. It also provides mechanical equipment, such as boilers, hot water/steam systems, air compressors, and power generation products, as well as water purification, reuse, and recycling systems used for temperature control, heating, pressing and de-wrinkling, sterilization, product sealing, and other purposes in the laundry and dry cleaning, healthcare, food and beverage, and other industrial markets. In addition, the company supplies related replacement parts and accessories, offers planning, designing, and consulting services related to customers' commercial laundry operations, and provides installation, maintenance, and repair services to government, institutional, industrial, commercial, and retail customers. It has operations in the United States, Canada, the Caribbean, and Latin America. The company was formerly known as EnviroStar, Inc. and changed its name to EVI Industries, Inc. in December 2018. EVI Industries, Inc. was founded in 1959 and is based in Miami, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $390M | $20M | $7M | $16M | 5.2% | 10.3% | 32.8% |
| 2024 | $354M | $18M | $6M | $28M | 4.1% | -0.2% | -41.9% |
| 2023 | $354M | $23M | $10M | $-3M | 7.4% | 32.5% | 137.3% |
| 2022 | $267M | $12M | $4M | $-6M | 3.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 267.32 | 354.17 | 353.56 | 389.83 |
| Cost Of Revenue | 193.61 | 250.49 | 248.31 | 271.48 |
| Gross Profit | 73.71 | 103.68 | 105.25 | 118.35 |
| Operating Expense | 67.32 | 87.18 | 93.62 | 104.58 |
| Operating Income | 6.39 | 16.51 | 11.63 | 13.77 |
| EBITDA | 11.60 | 22.53 | 17.61 | 20.46 |
| EBIT | 6.39 | 16.51 | 11.63 | 13.77 |
| Pretax Income | 5.71 | 14 | 8.88 | 11.03 |
| Tax Provision | 1.61 | 4.28 | 3.24 | 3.53 |
| Net Income | 4.09 | 9.72 | 5.65 | 7.50 |
| Net Income Common Stockholders | 3.67 | 8.53 | 4.93 | 6.42 |
| Total Expenses | 260.93 | 337.67 | 341.94 | 376.06 |
| Interest Expense | 0.68 | 2.51 | 2.74 | 2.74 |
| Selling General And Administration | 67.32 | 87.18 | 93.62 | 104.58 |
| Normalized EBITDA | 11.60 | 22.53 | 17.61 | 20.46 |
| Normalized Income | 4.09 | 9.72 | 5.65 | 7.50 |
| Basic EPS | 0.30 | 0.68 | 0.39 | 0.50 |
| Diluted EPS | 0.29 | 0.67 | 0.37 | 0.49 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.28 | 0.31 | 0.36 | 0.32 |
| Total Unusual Items | 0 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 4.09 | 9.72 | 5.65 | 7.50 |
| Reconciled Depreciation | 5.21 | 6.02 | 5.98 | 6.69 |
| Reconciled Cost Of Revenue | 193.61 | 250.49 | 248.31 | 271.48 |
| Net Interest Income | -0.68 | -2.51 | -2.74 | -2.74 |
| Net Income From Continuing And Discontinued Operation | 4.09 | 9.72 | 5.65 | 7.50 |
| Total Operating Income As Reported | 6.39 | 16.51 | 11.63 | 13.77 |
| Diluted Average Shares | 12.65 | 12.80 | 13.22 | 13.16 |
| Basic Average Shares | 12.37 | 12.55 | 12.65 | 12.73 |
| Diluted NI Availto Com Stockholders | 3.67 | 8.53 | 4.93 | 6.42 |
| Otherunder Preferred Stock Dividend | 0.42 | 1.19 | 0.72 | 1.07 |
| Net Income Including Noncontrolling Interests | 4.09 | 9.72 | 5.65 | 7.50 |
| Net Income Continuous Operations | 4.09 | 9.72 | 5.65 | 7.50 |
| Other Income Expense | 0 | 0 | 0 | 0 |
| Special Income Charges | 0 | 0 | 0 | 0 |
| Other Special Charges | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 0 |
| Net Non Operating Interest Income Expense | -0.68 | -2.51 | -2.74 | -2.74 |
| Total Other Finance Cost | 0 | 0 | 0 | 0 |
| Interest Expense Non Operating | 0.68 | 2.51 | 2.74 | 2.74 |
| Operating Revenue | 267.32 | 354.17 | 353.56 | 389.83 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| EVI Industries, Inc.this co. | EVI | $262M | 39.57↑ premium | 1.63 | 5.2% | 13.66 |
| Energy Services of America Corporation | ESOA | $303M | 124.92 | 4.45 | 0.6% | 14.70 |
| Aspen Aerogels, Inc. | ASPN | $299M | - | 1.27 | -165.4% | -45.85 |
| CompX International Inc. | CIX | $286M | 14.68 | 2.06 | 14.1% | 8.83 |
| Alta Equipment Group Inc. | ALTG | $242M |
| - |
| -27.19 |
| 912.5% |
| 26.59 |
| AIRO Group Holdings, Inc. | AIRO | $236M | - | 0.32 | -0.6% | -10.00 |
| RCM Technologies, Inc. | RCMT | $233M | 14.67 | 5.02 | 35.5% | 9.20 |
| Perma-Fix Environmental Services, Inc. | PESI | $227M | - | 4.52 | -27.5% | -22.03 |
| Gencor Industries, Inc. | GENC | $212M | 13.91 | 0.99 | 7.4% | 4.37 |
| Peer Median | - | 14.68 | 1.67 | 4.0% | 6.60 | |