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EVI Industries (EVI)
:EVI
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EVI Industries
(NYSE MKT:EVI)
63Neutral
EVI Industries (EVI) vs. S&P 500 (SPY)
Market Cap
$205.75M
Dividend YieldN/A
Average Volume (3M)19.83K
Price to Earnings (P/E)33.1
Beta (1Y)0.79
Revenue Growth-1.93%
EPS Growth-0.69%
CountryUS
Employees750
SectorIndustrials
Sector Strength75
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)0.49
Shares Outstanding12,755,642
10 Day Avg. Volume10,042
30 Day Avg. Volume19,833
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.21
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit2.36
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EVI Industries Business Overview & Revenue Model
Company DescriptionEVI Industries, Inc. is a leading provider and distributor of commercial laundry and dry-cleaning equipment, industrial boilers, and related supplies and services. The company operates primarily in the United States, offering a wide range of products including washing machines, dryers, and finishing equipment to a variety of sectors such as hospitality, healthcare, and institutional facilities. EVI Industries is committed to providing high-quality equipment and comprehensive support services to its clients, ensuring efficient and effective laundry operations.
How the Company Makes MoneyEVI Industries generates revenue through the sale and distribution of commercial laundry and dry-cleaning equipment, as well as industrial boilers. The company also offers installation, maintenance, and repair services, which provide additional income streams. EVI's revenue model is bolstered by its ability to offer a broad range of products from leading manufacturers, catering to diverse customer needs across various industries. The company's earnings are further supported by ongoing service contracts and partnerships with equipment manufacturers, which enhance its market presence and drive sales growth.
EVI Industries Financial Statement Overview
Summary
EVI Industries shows strong revenue growth and effective cash flow management, with a positive outlook due to improving leverage. However, profitability margins need enhancement, and return metrics could be improved.Income Statement
EVI Industries has shown a consistent increase in revenues with a notable revenue growth rate of 34.0% from 2022 to 2023. The gross profit margin for TTM stands at 29.97%, indicating strong profitability. However, the net profit margin is relatively low at 2.05%, suggesting higher operational costs or other expenses. EBITDA margin for TTM is 4.56%, showing modest efficiency in operations.78
Positive
Balance Sheet
The company's debt-to-equity ratio has improved over the years, currently at 0.07, indicating a strong equity position. Return on Equity for TTM is 5.35%, showing adequate but not high returns on shareholder funds. However, the total assets and equity ratio metrics are unavailable for TTM, limiting the full assessment of asset management.65
Positive
Cash Flow
EVI Industries has demonstrated strong cash flow management with a positive operating cash flow to net income ratio of 3.25 for TTM, reflecting effective conversion of net income into cash. Free cash flow has grown substantially, and the free cash flow to net income ratio is 2.62, indicating robust financial health and liquidity.82
Very Positive
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 353.56M | 354.17M | 267.32M | 242.00M | 235.80M | Gross Profit |
| 105.25M | 103.68M | 73.71M | 59.84M | 55.21M | EBIT |
| 11.63M | 16.51M | 6.39M | -3.72M | 2.78M | EBITDA |
| 17.61M | 22.53M | 6.39M | 15.17M | 6.48M | Net Income Common Stockholders |
| 5.65M | 9.72M | 4.09M | 8.38M | 775.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 4.56M | 5.92M | 3.97M | 6.06M | 9.79M | Total Assets |
| 234.69M | 253.85M | 230.77M | 177.85M | 160.72M | Total Debt |
| 21.86M | 44.45M | 36.09M | 19.57M | 33.04M | Net Debt |
| 17.30M | 38.53M | 32.12M | 13.51M | 23.25M | Total Liabilities |
| 94.05M | 122.89M | 113.09M | 71.11M | 72.89M | Stockholders Equity |
| 136.61M | 130.96M | 117.68M | 106.74M | 87.83M |
| Cash Flow | Free Cash Flow | |||
| 27.79M | -2.77M | -5.88M | 10.87M | 19.69M | Operating Cash Flow |
| 32.65M | 940.00K | -1.90M | 13.69M | 23.07M | Investing Cash Flow |
| -6.82M | -5.99M | -15.93M | -7.64M | -4.75M | Financing Cash Flow |
| -27.20M | 6.99M | 15.75M | -9.78M | -13.56M |
EVI Industries Technical Analysis
Negative
16.13
Price Trends
17.30
Negative
17.42
Negative
17.93
Negative
Market Momentum
-0.31
Negative
43.81
Neutral
40.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVI, the sentiment is Negative. The current price of 16.13 is below the 20-day moving average (MA) of 16.75, below the 50-day MA of 17.30, and below the 200-day MA of 17.93, indicating a bearish trend. The MACD of -0.31 indicates Negative momentum. The RSI at 43.81 is Neutral, neither overbought nor oversold. The STOCH value of 40.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVI.
EVI Industries Risk Analysis
EVI Industries disclosed 21 risk factors in its most recent earnings report. EVI Industries reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
EVI Industries Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.24B | 18.71 | 17.54% | ― | 7.35% | 9.35% | |
74 Outperform | $985.11M | 16.14 | 22.19% | 4.55% | -0.79% | -13.50% | |
72 Outperform | $4.26B | 20.13 | 15.53% | 4.36% | -5.71% | -31.93% | |
63 Neutral | $4.23B | 11.54 | 5.34% | 209.77% | 4.14% | -9.49% | |
63 Neutral | $205.75M | 33.12 | 4.73% | ― | -1.93% | -0.69% | |
63 Neutral | $1.21B | 760.60 | -1.13% | ― | 14.88% | 9.87% | |
46 Neutral | $391.76M | 11.08 | -5.81% | ― | -2.04% | -133.17% |
* Industrials Sector Average
Performance Comparison
EVI
EVI Industries
16.13
-6.74
-29.47%
DXPE
DXP Enterprises
88.46
36.65
70.74%
DSGR
Distribution Solutions Group
26.04
-7.78
-23.00%
MSM
MSC Industrial
76.48
-10.81
-12.38%
GIC
Global Industrial Company
25.68
-8.22
-24.25%
TITN
Titan Machinery
16.59
-5.83
-26.00%
EVI Industries Earnings Call Summary
Earnings Call Date:Feb 10, 2025
(Q1-2025)
| % Change Since: -11.18%|
Next Earnings Date:May 07, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance with record-breaking metrics in revenue, profit, and margin. The company made strategic acquisitions and technological advancements, contributing to a positive outlook. However, there were challenges with decreased cash flow from operations and increased net debt, alongside short-term financial impacts from technology investments.Q1-2025 Updates
Positive Updates
Record-Breaking Financial Metrics
Achieved record revenues of $94 million, record gross profit of $29 million, record gross margin of 30.8%, record operating income of $5 million, record net income of $3.2 million (3.5% of revenue), and record adjusted EBITDA of $7.6 million (8.1% of revenue).
Significant Revenue and Profit Growth
Revenue increased by 6%, gross profit increased by 12%, operating income increased by 92%, and net income increased by 152% compared to the same period of the prior fiscal year.
Successful Acquisitions
Completed the acquisition of Laundry Pro of Florida and, shortly after the quarter, O'Dell Equipment and Supply, expanding the company's footprint in the commercial laundry industry.
Largest Dividend in Company History
Declared and paid a special cash dividend of $4.6 million, the largest in EVI's history, reflecting strong cash flow and financial position.
Technological Advancements
Implemented new field service technologies, consolidated business units into enterprise resource planning systems, and launched the configuration of a planned e-commerce site to enhance operational efficiency and growth.
Negative Updates
Decrease in Cash Provided by Operating Activities
Cash provided by operating activities decreased by $1.3 million, attributed to changes in working capital despite an increase in net income.
Increase in Net Debt
Net debt increased from $8.3 million to $15.5 million due to cash paid for acquisitions during the quarter.
Short-Term Financial Impact of Technology Investments
Costs and expenses associated with modernization initiatives negatively impacted short-term financial performance.
Company Guidance
In the Q1 2025 earnings call, EVI Industries reported record financial metrics, including revenues of $94 million, gross profit of $29 million, and a gross margin of 30.8%. Operating income reached a record $5 million, net income was $3.2 million or 3.5% of revenue, and adjusted EBITDA was $7.6 million or 8.1% of revenue. The company also announced a special cash dividend of $4.6 million, marking the largest in its history. Furthermore, EVI completed the acquisition of Laundry Pro of Florida and, shortly after the quarter ended, acquired O'Dell Equipment and Supply. These achievements are part of EVI's long-term growth strategy, which focuses on acquisitions, technological advancements, and enhancing operating efficiencies. Despite a $1.3 million decrease in cash from operating activities due to working capital changes, EVI maintains a strong financial position with over $100 million in available liquidity. The company aims to uphold its philosophy of sharing cash flow through dividends while pursuing future acquisitions and strategic opportunities, supported by its growing technology advantage and entrepreneurial culture.EVI Industries Corporate Events
Executive/Board ChangesShareholder MeetingsBusiness Operations and Strategy
EVI Industries Announces Director Elections and Plan Amendments
Neutral
Dec 13, 2024
EVI Industries, Inc. announced that during its Annual Meeting of Stockholders, held on December 12, 2024, stockholders approved the election of six director nominees for terms expiring at the 2025 Annual Meeting and amended the 2015 Equity Incentive Plan. The amendment increases the authorized shares for issuance from 3,000,000 to 3,500,000 and allows for automatic acceleration of vesting or exercisability of awards upon a Change in Control, with certain exceptions. These decisions may impact the company’s operational strategies and its market positioning.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.