EVI Industries Files Q3 2024 10-Q Report
Ticker: EVI · Form: 10-Q · Filed: Feb 10, 2025 · CIK: 65312
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
**EVI Industries (EVI) filed its 10-Q for Dec 31, 2024. Check financials.**
AI Summary
EVI Industries, Inc. filed its 10-Q report for the quarterly period ended December 31, 2024. The company, formerly known as EnviroStar, Inc., is incorporated in Delaware and headquartered in Miami, Florida. This filing covers their financial performance and operations for the specified quarter.
Why It Matters
This 10-Q filing provides investors and analysts with crucial financial data and operational insights into EVI Industries' performance for the latest quarter, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a standard quarterly filing (10-Q) and does not inherently contain new high-risk information.
Key Players & Entities
- EVI Industries, Inc. (company) — Registrant
- December 31, 2024 (date) — Quarterly period end date
- 001-14757 (other) — Commission file number
- EnviroStar, Inc. (company) — Former company name
- Miami, FL (location) — Principal executive offices
FAQ
What is the exact period covered by this 10-Q filing?
This 10-Q filing is for the quarterly period ended December 31, 2024.
What is the Commission file number for EVI Industries, Inc.?
The Commission file number for EVI Industries, Inc. is 001-14757.
Where are EVI Industries, Inc.'s principal executive offices located?
EVI Industries, Inc.'s principal executive offices are located at 4500 Biscayne Blvd., Suite 340, Miami, FL 33137.
What was EVI Industries, Inc. formerly known as?
EVI Industries, Inc. was formerly known as EnviroStar, Inc.
What is the state of incorporation for EVI Industries, Inc.?
EVI Industries, Inc. is incorporated in Delaware.
Filing Stats: 4,525 words · 18 min read · ~15 pages · Grade level 17.2 · Accepted 2025-02-10 16:14:09
Filing Documents
- evi-20241231.htm (10-Q) — 577KB
- ex31-01.htm (EX-31.01) — 9KB
- ex31-02.htm (EX-31.02) — 9KB
- ex32-01.htm (EX-32.01) — 4KB
- ex32-02.htm (EX-32.02) — 4KB
- 0001174947-25-000136.txt ( ) — 3782KB
- evi-20241231.xsd (EX-101.SCH) — 30KB
- evi-20241231_cal.xml (EX-101.CAL) — 51KB
- evi-20241231_def.xml (EX-101.DEF) — 164KB
- evi-20241231_lab.xml (EX-101.LAB) — 326KB
- evi-20241231_pre.xml (EX-101.PRE) — 183KB
- evi-20241231_htm.xml (XML) — 348KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements Condensed Consolidated Statements of Operations (Unaudited) for the six and three months ended December 31, 2024 and 2023 3 Condensed Consolidated Balance Sheets at December 31, 2024 (Unaudited) and June 30, 2024 4 Condensed Consolidated Statements of Shareholders' Equity (Unaudited) for the six and three months ended December 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows (Unaudited) for the six months ended December 31, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements (Unaudited) 10 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.
Controls and Procedures
Controls and Procedures 29
– OTHER INFORMATION
PART II – OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 30 Item 1A.
Risk Factors
Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 5. Other Information 31 Item 6. Exhibits 32
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. EVI Industries, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (In thousands, except per share data) (Unaudited) For the six months ended December 31, For the three months ended December 31, 2024 2023 2024 2023 Revenues $ 186,336 $ 179,438 $ 92,711 $ 91,364 Cost of sales 129,959 127,340 65,189 64,958 Gross profit 56,377 52,098 27,522 26,406 Selling, general and administrative expenses 48,998 46,530 25,132 23,455 Operating income 7,379 5,568 2,390 2,951 Interest expense, net 1,152 1,593 670 823 Income before income taxes 6,227 3,975 1,720 2,128 Provision for income taxes 1,867 1,352 591 787 Net income $ 4,360 $ 2,623 $ 1,129 $ 1,341 Net earnings per share – basic $ 0.29 $ 0.18 $ 0.08 $ 0.09 Net earnings per share – diluted $ 0.29 $ 0.17 $ 0.07 $ 0.09 See Notes to Condensed Consolidated Financial Statements 3 EVI Industries, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except as otherwise noted) ASSETS December 31, 2024 (Unaudited) June 30, 2024 Current assets Cash $ 3,905 $ 4,558 Accounts receivable, net of allowance for expected credit losses of $ 2.6 million and $ 2.1 million, respectively 46,663 40,932 Inventories, net 50,487 47,901 Vendor deposits 2,835 1,657 Contract assets 978 1,222 Other current assets 8,231 5,671 Total current assets 113,099 101,941 Equipment and improvements, net 14,648 13,950 Operating lease assets 8,207 8,078 Intangible assets, net 24,124 22,022 Goodwill 79,473 75,102 Other assets 9,251 9,566 Total assets $ 248,802 $ 230,659 See Notes to Condensed Consolidated Financial 4 EVI Industries, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except share and per share data) LIABILITIES AND SHAREHOLDERS' EQUITY December 31, 2024 (Unaudited) June 30, 2024 Current liabil