In the quarter ended Dec. 31, EVI Industries delivered EPS of $0.15 versus $0.07 a year ago, with revenues rising 24% to $115.3 million and gross profit up 29% to $35.5 million, resulting in a 30.8% margin. Operating income surged 78% to $4.2 million, net income climbed 110% to $2.4 million, and adjusted EBITDA increased 49% to $7.7 million, equivalent to 6.6% of revenues.

The company achieved a 13% improvement in average service response time driven by field service technology enabling nearly 9,000 appointments and enhanced technician utilization analytics. Real-time remote support tools and analytics-driven inventory and procurement systems across over 15,000 SKUs further streamlined demand planning, reduced order latency and bolstered margins.

As of Dec. 31, cash stood at $4.3 million versus $8.9 million six months earlier, with total assets of $315.6 million and liabilities of $171.7 million, including $58 million in long-term debt. Positive cash flow from operations reached $5.1 million despite a $12 million inventory buildup; the company paid a $5 million dividend and completed the final Continental acquisition payment.

EVI Industries reaffirmed its buy-and-build strategy, highlighting a 10-year track record of 30% compound annual revenue growth and 16% net income growth. Management is evaluating new acquisition targets and leveraging low-cost capital and strong working capital to expand product offerings and scale its national commercial laundry platform.