Hello, and welcome to EVI Industries Earnings Call for the first quarter of the fiscal year ended June 30, 2025.
I'm Henry Nahmad, Chairman and CEO of EVI.
Before we proceed, we would like to disclose our cautionary statement.
This earnings call contains forward-looking statements as defined by SEC rules and regulations.
Forward-looking statements are subject to a number of risks and uncertainties, including those set forth in our earnings press release issued today and in our SEC filings, including the Risk Factors section of our annual report on Form 10-K for the fiscal year ended June 30, 2024.
materially statements. expressed differ by or may forward-looking the results from in those implied Actual
comparable also income, a company EBITDA of call our information non-GAAP adjusted in This regarding includes of performance. and earnings financial the is EBITDA, evaluating to GAAP including today EBITDA measure a a press which adjusted release financial reconciliation that for refer EBITDA, measure. adjusted the Please believes most issued useful discussion is net to of additional adjusted definition the
started, we appreciation Before EVI that to to the I get want make share nearly today. employees my XXX valued up
progress people devotion have our achieving growth valuable to Our the made asset goals their our long-term be possible. would company, And consistent mission and without we most we the our customers thousands towards we are of not have. the serve,
for summarize our quarter June XXXX, and results Today, I year with I long-term the operating connection ended share the will fiscal in our XX, first will our of progress goals.
of quarter highlighted net or of of million, gross fiscal is first of operating record record of million and The of EBITDA income or adjusted million a revenues $X margin record profit $X.X million, record income million, record $XX XX.X%, X.X% by $XX $X.X record gross record of 'XX X.X%.
fiscal $X.X of EVI's technologies certain dividend regional across largest also first completed declared of service field special one the quarter cash history. we the of 'XX, dividend implementation operations During new acquisition, continued our the million, a in and
was across growth of in while continue long-term is pursuit goals. consummated quarter. of acquisition first shortly all was worth our after we a This completion that investments the the our second make It the fiscal to business also highlighting achieved
operating our And results. now
our initiatives We and growth company. and to of capabilities to transform have profitability the technological infrastructure undertaken and various drive
of including performance result of growth these key greater realizing steady a are leverage. initiatives, metrics, in a we level As operating operating
expect we practices best our operating technologies, deploy a greater level achieve to of and grow, advanced to continue efforts continue implement we performance. operating to As
reflects accessories revenue our appropriately steady end, with of These that 'XX from the to X% customer quarter stocked of fiscal of of equipment in sales, and maintenance fulfillment revenue To inventory, installations the connection a sales for contributed in orders increase the services. and the factors year. sale the first compared to repair as same and parts of and period performance backlog prior
In to profit with increased increased record to million XX.X%. a gross such growth, XX% a $XX gross and record connection margin
operating a record a improve to from increase X.X% X.X% revenue. XXX% million of $X.X $X.X from XX% initiatives net benefited efficiencies, we in million a increase a which from $X.X EBITDA resulted revenue, a $X to XX% $X adjusted of million and operating to or million record million million, or in from record $X.X income Additionally, income record undertaken a in to a in increase
provided in by during From a XX, net income. months fiscal compared first of provided activities to by in was cash by operating activities X financial strength and million operating increase partially working XXXX. to liquidity decrease ended in an $X.X $X.X quarter, the of cash perspective, offset cash the This capital, September attributable operating million during $XXX,XXX changes primarily activities provided
quarter, the million business cash paid net the June of to further connection attributable million consummated will in 'XX acquisition from XX 'XX XX this in which during $XX.X increase debt $X.X of describe The primarily later I at to September was in call. at with
our cash September $XXX at sheet history. growth largest with flows and XX, profitability available the dividend declared over strong XXXX. September stockholders on prospects, our paid XXXX, solid October of business balance dividend Given our was historically to Directors XX, $X.XX share, liquidity, The special of stock per special million record X, on on 'XX dividend cash Board the on of and in of common company close cash of a
dividends discretion conservative factors, considered flow light aim of of cash condition. sharing our maintaining including while Directors and be philosophy cash a overall the general of at certain a financial in to Board if financial investment of position. uphold flow, and economic We through opportunities, any, Future will conditions dividends,
of fiscal On maintenance a a Laundry products completed acquisitions, installation and of of during Lakeland, the Pro first and services. the quarter, acquisition Florida, provider of we Florida related based laundry distributor commercial
provider X, In a addition, and Equipment of laundry services. following O’Dell fiscal ], commercial of installation (sic) Jefferson related maintenance [ distributor and acquisition XXXX, we the the November first quarter, of products completed Indiana-based and completion the of on Jeffersonville another Supply,
and that will customers We proposition. resources available from drive various will their believe improve these profitability to the growth, value acquired benefit businesses customer we make and
our is long-standing, growth of of family-owned Since often XX XXXX, strategy businesses. have cornerstone the A we long-term acquisition businesses. acquired
cohesive legacies includes and culture strategy of commercial and North American in Our organization single preservation the and industry. the of forming service people, the laundry of most with unique a the entrepreneurial distribution largest, businesses, the goal acquired
Given growing opportunities home provide our are attractive unique for actively meet our cultural that we financial, that criteria. success, our culture, an advantage, and businesses, financial great strong entrepreneurial other factors pursuing position strategic believe we and technology and
been diligence-ed, has to team for Florida and our acquisitions It together is that been that Miami, important negotiated, internally integrated have remember all working executed years. in our X sourced, by
contemplating for appreciation when a undertakes process has a team the family profound divestiture of a business. sensitive that Our family-owned
strategic our the tremendous in of and industries. exercise given industry buying opportunities and and record pursue industry, a reputation, reputation actively our laundry throughout Considering and consideration we our acquisitions. acquisitions continue related We to flexibility commercial record and the successful in have growth process and transactions many
technology in comprehensive group data-driven technology modern into Since we time, commenced that On our to a a company. technology grown initiative transform has significantly. investments, XXXX, EVI
goal convenience channels growth, have scalable in and third-party were accelerate speed, extend technology into been the professionals sales operating reach and new processes. geographies sales and customers a and efficiency Various multiple profit to create technology retained, initiatives undertaken increase and with serving and our
to end-state our and enterprise into configuration certain implementation units During the systems, consolidate and resource e-commerce led first implemented site. business planned in team the planning business and technology field fiscal of launched service successfully quarter, our our regional efforts technology units groups
and costs the the impacted catalyst capabilities and with in believe a achieving term, near long-term expenses growth these modernization will these we While be our adversely our profitability to technological financial performance that other initiatives goals. and associated
are we time In will summary, that again be to that I've long-term of in our so we pursuit said on in time. and growth, buy-and-build at growth, the finance conservative opportunities we the execute yet any able aggressive way
consistent leadership are years. on to is a EVI for business growth demonstrated Today, growth has We and positioned strategy. intend executing many that long-term under growth continued our that continuous we our continue over fundamentally well solid believe
This to June the first concludes quarter the my comments of ended 'XX. related XX, year fiscal
valued to thank and shareholders employees, and for our loyal want time, our As be suppliers support and your well. next customers Until always, I EVI. participation our in
