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{"id":13123,"date":"2023-10-29T13:40:48","date_gmt":"2023-10-29T18:40:48","guid":{"rendered":"https:\/\/planetlaundry.com\/?p=13123"},"modified":"2023-10-29T13:40:48","modified_gmt":"2023-10-29T18:40:48","slug":"evi-reports-record-growth","status":"publish","type":"post","link":"https:\/\/planetlaundry.com\/evi-reports-record-growth\/","title":{"rendered":"EVI Reports Record Growth"},"content":{"rendered":"

\"EVIEVI Industries Inc.<\/a> recently reported record results in key financial metrics for the fourth fiscal quarter and the fiscal year ended June 30, 2023.<\/p>\n

The company also announced that its board of directors has declared a special cash dividend on the company\u2019s common stock of 28 cents per share, which was paid on October 26 to stockholders of record at the close of business on October 16.<\/p>\n

Since 2016, EVI has completed 25 acquisitions, expanded into new geographies, retained and invested in additional sales and service personnel, broadened its OEM representations, and implemented advanced operating technologies. As a result, since 2016, the company\u2019s revenue, net income, and adjusted EBITDA have grown at compounded annual growth rates (CAGRs) of 39 percent, 28 percent, and 37 percent, respectively. Additionally, over that period, EVI has experienced a 7 percent organic revenue CAGR for businesses it has owned for at least three years.<\/p>\n

Here\u2019s a summary of the company\u2019s Fiscal 2023 achievements:<\/p>\n