EVI Industries (NYSEAMERICAN:EVI) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

EVI Industries (NYSEAMERICAN:EVI) issued its quarterly earnings data on Monday. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01), FiscalAI reports. EVI Industries had a return on equity of 5.20% and a net margin of 1.72%.The firm had revenue of $115.29 million during the quarter, compared to the consensus estimate of $108.00 million.

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

• EVI reported a record quarter with revenue up 24% Y/Y to $115M, trailing twelve months revenue >$425M, gross margin near 31%, net income up 110%, and Adjusted EBITDA up 49% to $7.7M (6.6% of revenue).
• Management is investing in modernization—deploying data-driven field service systems and inventory/procurement analytics—which drove a ~13% improvement in average service response time and supported ~9,000 service appointments this quarter.
• The company continues an acquisitive, buy-and-build strategy (31 businesses, >900 associates) and is expanding Continental’s product portfolio while evaluating a robust pipeline of strategic M&A opportunities.
• Operating margin expansion was partially offset by higher operating expenses tied to technology, service capability expansion, integration, and organizational investments, which weigh on near-term profitability.
• EVI generated positive operating cash flow but used cash for a planned ~$12M inventory buildup, an approximately $5M dividend, and final Continental acquisition payments, while retaining strong liquidity and access to low‑cost capital.

EVI Industries Price Performance

Shares of EVI stock opened at $22.95 on Wednesday. The stock’s 50-day moving average is $24.39 and its 200 day moving average is $25.58. EVI Industries has a 1-year low of $14.99 and a 1-year high of $34.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.41 and a quick ratio of 0.74. The company has a market cap of $330.71 million, a P/E ratio of 48.83 and a beta of 0.04.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of EVI Industries in a report on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, EVI Industries has an average rating of “Buy” and a consensus target price of $40.00.

Institutional Trading of EVI Industries

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. grew its position in shares of EVI Industries by 5.5% in the 3rd quarter. Raymond James Financial Inc. now owns 190,512 shares of the industrial products company’s stock worth $6,022,000 after buying an additional 9,883 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in EVI Industries by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 104,380 shares of the industrial products company’s stock valued at $3,300,000 after acquiring an additional 852 shares during the last quarter. Pathstone Holdings LLC boosted its stake in EVI Industries by 1.4% in the third quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock valued at $1,565,000 after acquiring an additional 665 shares in the last quarter. Natixis Advisors LLC grew its holdings in EVI Industries by 1.7% in the third quarter. Natixis Advisors LLC now owns 36,518 shares of the industrial products company’s stock worth $1,154,000 after purchasing an additional 622 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in EVI Industries by 42.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 36,219 shares of the industrial products company’s stock worth $892,000 after purchasing an additional 10,748 shares during the last quarter. 37.30% of the stock is owned by hedge funds and other institutional investors.

EVI Industries Company Profile

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.