Good afternoon, and welcome to the EVI Industries earnings call for the third quarter of fiscal year 2021.
My name is Henry Nahmad, Chairman and CEO of EVI.
I hope all of you and your families are safe and healthy.
Before we proceed, our cautionary statement.
This earnings call has forward-looking statements as defined by SEC rules and regulations.
filings. to forth of release in and our subject including and issued are in set those our SEC statements a risks number uncertainties, today Forward-looking earnings press
those Accordingly, expressed forward-looking ultimate differ results materially statements. in implied by may or the from
also of adjusted includes non-GAAP is EBITDA, useful is discussion we which measure, believe a in call which a This financial evaluating performance.
earnings press additional for release information. today our issued to refer Please
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important remember long-term is are growth-focused we a It to that company.
growth And to the $XXX in of had had XXXX. of ago, higher total from single X pandemic, states, revenue XX XX million years in employees. time, operating over our distribution build business acquisition facility X Today, we significantly million businesses just strategy implementation buy the before our of X annual by XX Weeks XXX point a the of a and revenue and we onset Just include locations in was COVID-XX with and our $XX distributor with since capital that comprised in employees. Miami, commercial Florida, of acquisitions of operations laundry distributors. over in XX allocated completed the
tested sheet our $XXX have debt million strong, model our COVID-XX One and And caused it poised sustained strong, a of we while persist, $XX with we for adverse and is entrepreneurial growth. is culture. Consequently, ever strong company conditions later, the our our significant year balance and operating majority now is liquidity financial net over of conditions workforce. The pandemic by of real mere principles, adverse positioned before million believe the than available more to accomplish growth. and vast certain
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of experience technology more additional businesses. operations additional that necessary optimized the facilitate the an various firms X and activities, across modernized XX and benefits these time the we these our these months will to retain X and points and achievement efforts, experience To with of a our to ahead. hired the commenced systems success quarters performance. our greater support lines at of the and these of other professionals, implementation we the in we fulfill on level services of operating our these representing we Given of initiatives ongoing expect different subsidiaries, of operating X subsidiaries, objectives technology believe we incrementally Considering the are operating of across
$XXX the associated Amid growth. them, $XX million of with and significant than our less balance million of debt these with net strong and liquidity costs sheet initiatives is over for
share amplifying acquired England-based is November XXXX. build of already premier England's acquisition we Laundry commercial our fiscal to Systems, region Systems, the successfully distributor Eastern New commercial third in laundry and laundry New provider the distributor of following During in market Yankee efforts our that Equipment service a quarter,
our to challenging a maintain our business continue through all strength, ability summary, principles valuable, managing while environment. invest in and business evidenced prove grow, by financial our In to operations simultaneously
markets the will COVID-XX into rate for provide and increasing run and expect are improving, that circumstances believe with economic government support social to the further by we calendar caused recovery. restrictions further vaccination we of XXXX, of along Although the our easing
including cost improvements strong and efficiency operations, investments our the continue measures and drive our performance. that to we will and expect these modernize help We to together optimize work do with future have
the labor consumption, where advanced believe positioned term. and hygiene the value over a awareness where positions network growth to is our this including increasing where and solutions selling long vast effective reached rising, In as energy and the trends. capture laundry and focus sustainability, for mid risk growth is technologically are that environmental sustainable, significant new and proposition efficient, standards in believe leader there differentiated service supported rates are has on water increasing, we world where infection levels and installation designing by growing an we Finally, our us company accelerating
breadth strategic believe laundry of that being pursue service financial from and investments the proposition, most product for our those companies expand and of which in offerings, the Ultimately, of our Accordingly, increasingly to attractive acquisition we and in is choice the industry commercial and industrial categories venture domestic criteria. vended value on-premise, continue we to and customers provider combination network, and opportunities meet us product global the seeking our commercial and makes partner in American distribution the joint laundry made derived that service the and for North industry. the our including growth multifamily laundry
thank our time, employees I participation loyal This and fiscal I support concludes the want would well. our to next our and shareholders valued XX, In EVI. in comments also to March related customers. third and XXXX. thank ended like Until to your be closing, our for suppliers continued quarter
