EVI INDUSTRIES, INC.

Listed Company

EVICIK 0000065312NYSEAcceleratedSmaller ReportingServices-Personal ServicesDelawareFY ends Jun 30

Period

FY 2025

Revenue

$389.83M

Net Income

$7.50M

Total Assets

$307.03M

Equity

$143.48M

Shares Out

12.86M

Op. Cash Flow

$21.27M

Business

EVI INDUSTRIES, INC. is a value-added distributor that provides advisory and technical services for commercial and industrial laundry operations. It sells and leases commercial laundry and dry cleaning equipment—including washers, dryers, tunnel systems, finishing and material handling equipment, boilers, water reuse and power generation systems—along with replacement parts, and offers design, installation, maintenance, repair, and training services. The company operates as a single reportable segment focused on product distribution and related services and pursues organic growth and acquisitions. It serves customers primarily in the United States, Canada, the Caribbean and Latin America through a nationwide sales organization, dealer relationships, online channels, and trade shows.

Summary from filing dated 2025-09-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenues	390	354	354	267	242
Cost of sales	271	248	250	194	182
Gross profit	118	105	104	74	60
Selling, general and administrative expenses	105	94	87	67	57
Operating income	14	12	17	6	3
Interest expense, net	3	3	3	679,000	—
Income before provision for income taxes	11	9	14	6	10
Provision for income taxes	4	3	4	2	2
Net income	7	6	10	4	8
Net earnings per share basic (in Dollars per share)	0.5	0.39	0.68	0.3	0.63
Net earnings per share diluted (in Dollars per share)	0.49	0.37	0.67	0.29	0.61

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash	9	5	6	4	6
Accounts receivable, net of allowance for expected credit losses	60	41	48	43	29
Inventories, net	66	48	59	49	25
Vendor deposits	1	2	2	2	367,000
Contract assets	289,000	1	1	2	347,000
Other current assets	8	6	9	6	4
Total current assets	145	102	125	106	65
Equipment and improvements, net	18	14	13	13	11
Operating lease assets	11	8	9	7	7
Intangible assets, net	31	22	24	26	24
Goodwill	92	75	73	71	64
Other assets	11	10	9	7	7
Total assets	307	231	254	231	178
Accounts payable and accrued expenses	51	31	39	42	26
Accrued employee expenses	15	11	11	9	8
Customer deposits	24	24	23	21	10
Contract liabilities	408,000	—	668,000	507,000	3
Current portion of operating lease liabilities	4	3	3	3	2
Total current liabilities	95	70	76	75	49
Deferred income taxes, net	8	5	5	5	4
Long-term operating lease liabilities	8	6	7	6	6
Long-term debt, net	53	13	35	28	12
Total liabilities	164	94	123	113	71
Commitments and contingencies (Note 14)	—	—	—	—	—
Preferred stock, $1.00 par value; authorized shares 200,000; none issued and outstanding	—	—	—	—	—
Common stock, $.025 par value; authorized shares 20,000,000; 12,983,872 shares issued at June 30, 2025 and 12,868,709 shares issued at June 30, 2024, including shares held in treasury	325,000	322,000	318,000	316,000	310,000
Additional paid-in capital	111	107	—	—	—
Treasury stock, 221,879 shares, at cost, at June 30, 2025 and 184,672 shares, at cost, at June 30, 2024	−5	−4	−3	−3	−3
Retained earnings	37	34	33	23	19
Total shareholders equity	143	137	131	118	107
Total liabilities and shareholders equity	307	231	254	231	178

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization	7	6	6	5	5
Amortization of debt discount	54,000	34,000	29,000	133,000	55,000
Provision for expected credit losses	1	688,000	710,000	446,000	326,000
Non-cash lease expense	143,000	14,000	93,000	136,000	—
Stock compensation	5	5	3	3	2
Inventory reserve	182,000	54,000	−178,000	−105,000	116,000
(Benefit) provision for deferred income taxes	−821,000	475,000	357,000	−164,000	2
Other	−87,000	25,000	−103,000	—	—
Accounts receivable	−11	7	−6	—	—
Inventories	211,000	12	−8	−20	665,000
Vendor deposits	261,000	634,000	−527,000	—	—
Contract assets	1	−41,000	338,000	−1	3
Other assets	−735,000	2	−4	−433,000	−2
Accounts payable and accrued expenses	10	−8	−4	13	−798,000
Accrued employee expenses	2	646,000	2	814,000	2
Customer deposits	−742,000	1	2	—	—
Contract liabilities	408,000	−668,000	161,000	−3	—
Net cash provided by operating activities	21	33	940,000	−2	14
Capital expenditures	−5	−5	−4	—	—
Cash paid for acquisitions, net of cash acquired	−47	−2	−2	−12	−5
Net cash used by investing activities	−52	−7	−6	−16	−8
Dividends paid	−5	−4	—	—	—
Proceeds from borrowings	106	63	77	65	54
Debt repayments	−66	−85	−70	−49	−63
Repurchases of common stock in satisfaction of employee tax withholding obligations	−716,000	−1	−125,000	−205,000	−853,000
Issuances of common stock under employee stock purchase plan	124,000	116,000	—	—	—
Net cash provided (used) by financing activities	35	−27	7	16	−10
Net increase (decrease) in cash	4	−1	2	−2	−4
Cash paid for interest	3	3	2	494,000	511,000
Cash paid for income taxes	3	5	3	430,000	505,000
Common stock issued for acquisitions	—	229,000	503,000	—	—
Amounts owed to sellers in connection with acquisitions	4	—	—	—	—

Filings

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