EVI Industries Inc. has announced its operating results for the three- and six-month periods ended December 31, 2024 – including record revenue and record gross profit for both periods, and record gross margin for the six-month period.
Since 2016, EVI has executed a long-term growth strategy, which has resulted in a compounded annual growth rate in revenue, net income, and adjusted EBITDA of 31 percent, 19 percent, and 28 percent, respectively.
In addition, during the six-month period ended December 31, 2024, EVI completed the acquisition of two commercial laundry distributors and service providers – one in Florida and the other in Indiana. Moreover, on January 31, 2025, the company acquired a business located in Illinois, which is EVI’s first acquisition in the Midwest region of the United States.
In each case, the company added distribution and service businesses comprised of experienced sales and service professionals with a loyal customer base in geographic areas where EVI believes there are market share growth opportunities.
“We are a long-term-focused company with ambitious growth plans,” explained EVI Chair and CEO Henry M. Nahmad. “The continued confidence in our strategy is derived from early successes combined with financial strength and wherewithal, our reputation as a knowledgeable and high-quality buyer and successful builder of businesses, the expected impact of promising technologies, and a heavily invested leadership team to guide the company into the future. As part of our long-term focus, we are committed to continuous investment – including in people, processes, and technologies – aimed at enhancing operational efficiency and driving sustained success.”
