Adjusted EBITDA was $4.9 million, or 5.9 percent, compared to $6.7 million, or 7.2 percent.<\/li>\n<\/ul>\nDuring those nine months ended March 31, EVI also completed the acquisition of commercial laundry distributor ALCO Washer Center, based in New Castle, Pa., strengthening the company\u2019s market share position in the Northeast.<\/p>\n
\u201cWe continue to pursue opportunities in connection with the \u2018buy\u2019 component of our long-term strategy,\u201d Nahmad explained. \u201cWe have a financial and strategic team that understands the value of each opportunity, leadership teams with a proven record of achieving growth across acquired businesses, technology teams propelling acquired businesses into the digital era, and functional support teams paving the roads to optimization. As such, we are continuously working to harvest opportunities that we believe will create value across our growing enterprise.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
EVI Industries, Inc. recently announced its operating results for the three- and nine-month periods ended March 31, 2024 \u2013 including record revenue, gross profit, and operating cash flows for the nine-month period, and record gross margin and operating cash flows for the three-month period. Since 2016, EVI has grown from one business operating from a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[56],"tags":[],"class_list":["post-13523","post","type-post","status-publish","format-standard","hentry","category-industry-news"],"_links":{"self":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/13523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/comments?post=13523"}],"version-history":[{"count":2,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/13523\/revisions"}],"predecessor-version":[{"id":13526,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/posts\/13523\/revisions\/13526"}],"wp:attachment":[{"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/media?parent=13523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/categories?post=13523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planetlaundry.com\/wp-json\/wp\/v2\/tags?post=13523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}