EVI Industries (NYSEAMERICAN:EVI) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

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

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 Stock Down 3.9%

Shares of NYSEAMERICAN EVI traded down $0.79 during midday trading on Monday, reaching $19.26. 109,068 shares of the company’s stock were exchanged, compared to its average volume of 28,272. EVI Industries has a 52-week low of $15.85 and a 52-week high of $34.82. The stock has a market capitalization of $247.68 million, a PE 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. The business’s fifty day moving average price is $20.44 and its two-hundred day moving average price is $22.66.

Analyst Ratings Changes

Separately, DA Davidson restated a “buy” rating and issued a $35.00 price target on shares of EVI Industries in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $35.00.

Institutional Trading of EVI Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Pathstone Holdings LLC increased its position in shares of EVI Industries by 1.4% during the third quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock worth $1,565,000 after acquiring an additional 665 shares during the last quarter. Natixis Advisors LLC increased its position in shares of EVI Industries by 1.7% during the third quarter. Natixis Advisors LLC now owns 36,518 shares of the industrial products company’s stock worth $1,154,000 after acquiring an additional 622 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of EVI Industries by 42.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 36,219 shares of the industrial products company’s stock worth $892,000 after acquiring an additional 10,748 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of EVI Industries during the third quarter worth about $465,000. Finally, Renaissance Technologies LLC increased its position in shares of EVI Industries by 4.4% during the fourth quarter. Renaissance Technologies LLC now owns 16,697 shares of the industrial products company’s stock worth $411,000 after acquiring an additional 700 shares during the last quarter. 37.30% of the stock is owned by hedge funds and other institutional investors.

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.