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EVI — EVI Industries News Story

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Laundry equipment firm EVI Industries Q4 revenue rises; co announces special dividend

Overview

 EVI Industries Q4 revenue rises 22% to $110 mln, driven by acquisitions and organic growth

Co announces special cash dividend of $0.33 per share, reflecting strong results

Outlook

EVI expects Continental acquisition to add $50 mln in annual revenue

Company plans to launch e-commerce platform in fiscal 2026

Result Drivers

STRATEGIC ACQUISITIONS - EVI completed four acquisitions, including its largest ever, enhancing its geographic footprint and service capabilities

ORGANIC GROWTH - Company achieved a 7% compounded annual growth rate in organic revenue, supported by strong demand in healthcare, hospitality, and vended laundry sectors

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Revenue$109.96 mln
Q4 Net Income$2.10 mln
Q4 Adjusted EBITDA$7.20 mln
Q4 EBIT$4.11 mln
Q4 Pretax Profit$3.09 mln
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the industrial machinery & equipment peer group is "buy" Wall Street's median 12-month price target for EVI Industries Inc is $28.00, about 12.5% above its August 15 closing price of $24.50 Press Release: ID:nBw6Qy1GHa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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