EVI Industries, Inc. has reported record results for the three and nine-month periods ended March 31, 2025. The company achieved an 11% increase in revenue, reaching $93.5 million, compared to $84.0 million in the same period last year. Gross profit rose 9% to a record $28.1 million, despite a slight decrease in gross margin from 30.7% to 30.0%. The company highlighted several key developments during this period, including the completion of three acquisitions. Notably, following the quarter-end, EVI completed its largest acquisition, Girbau North America, Inc., which is expected to significantly enhance revenue and operating profit, positioning EVI for future growth. Additionally, EVI has made substantial progress in its technology initiatives, including the near completion of its field service technology implementation and surpassing planned milestones in the development and deployment of its digital commerce solution. The company also reported that confirmed customer sales order contracts have exceeded the value of those fulfilled during the period. Throughout these activities, EVI maintained a strong balance sheet while investing in growth, working capital, and advanced technologies.
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