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{"id":13184,"date":"2023-11-27T09:00:03","date_gmt":"2023-11-27T15:00:03","guid":{"rendered":"https:\/\/planetlaundry.com\/?p=13184"},"modified":"2023-11-27T09:00:03","modified_gmt":"2023-11-27T15:00:03","slug":"evi-reports-record-first-quarter-results","status":"publish","type":"post","link":"https:\/\/planetlaundry.com\/evi-reports-record-first-quarter-results\/","title":{"rendered":"EVI Reports Record First Quarter Results"},"content":{"rendered":"

\"EVIEVI Industries Inc.<\/a> recently announced its results for the first quarter of its fiscal year ending June 30, 2024, including record revenue and gross profit.<\/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 of these initiatives, EVI\u2019s revenue, net income, and Adjusted EBITDA since that time have grown at compounded annual growth rates of 37 percent, 24 percent, and 35 percent, respectively.<\/p>\n

\u201cEVI delivered record revenue and gross profit during the quarter,\u201d noted Henry M. Nahmad, EVI chairman and CEO. \u201cOur results are a testament to the dedication of our team and their thoughtful execution of various initiatives they have undertaken to drive growth, modernize operations, and improve profitability. Given the success of these initiatives, we will continue to invest in people capable of driving growth, while we also invest in and deploy technologies that enhance the customer experience. This approach has served us well and has been the catalyst to generating incrementally greater operating leverage over the last few years.\u201d<\/p>\n

Here are some fiscal first quarter highlights, compared to the first quarter of fiscal 2023:<\/p>\n