Hello, everyone, and welcome to EVI Industries earnings call for the third quarter of the fiscal year ending June 30, 2022.
This is Henry Nahmad, Chairman and CEO of EVI.
Before we proceed, our cautionary statement.
This earnings call contains forward-looking statements as defined by SEC laws 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 in our SEC filings, including the Risk Factors section of the annual report on Form 10-K for the fiscal year ended June 30, 2021.
materially statements. expressed differ by or may forward-looking the results from in those implied Actual
comparable also income, a company EBITDA define 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 we how
thank again, quarter's of call completion including Hello of The listening earnings quarter, call you the earnings and for central this to quarter, and for this update. fiscal following this the is third general long-term business events theme confidence.
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margins quarter, increased year and successive quarters. points fiscal XXX compared over third a period XX.X% the to as basis record to the For prior fiscal gross of same
over a the March XX increased record XX.X% basis the year XX%. period Gross of X-month from margins ended during for period XXX same fiscal points to prior
fiscal increase to $XX.X gross an a The X% third increase $XX profit gross a as resulted the gross XX% compared the fiscal in quarter ended an record record March for to in XX, X-month prior million year. period profit during and increase million period margin in of in same each during the
the continuous our sell, laundry the install that expand upon from gross solutions service comprehensive for believe customers. derive we we reflects to and margin improvement and our our commercial We benefits improve efforts
capabilities, In highlight greater of important included or connection the the EVI's had to to with these fiscal XX third equal units it XX%. operating than quarter, in is margins results that business XX in gross
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prior Operating successive prior quarters the year, as to the X-month and expenses X% ended XX fiscal year. same of in period compared fiscal increased quarter for compared to increased the XX% third period increased period March same of the as fiscal XX% during the
operating increases our to expenses. continued acquired operating related technologies deployment expenses higher robust and operating of a include businesses, expenses The with in connection nonrecurring expenses, acquisition in the in program, personnel investment expenses
X.X% the EBITDA EBITDA to period March Adjusted third for to record to EBITDA increased quarter an adjusted $X.X million XX, from from adjusted the Meanwhile, X-month XX% from X.X%. a or ended or X.X% for XX% million XXXX. $X.X margin decreased of X.X% fiscal
corporate also greater indicates which from a businesses. This operating level our includes operating expenses, much of that we generated EBITDA all performance
ample a modernized professionals retain balance summary, of healthy the In completion and acquired we X profitability sustained secured additional confidence to a We our an fiscal backlog well-priced third business, million. the sheet. We margin. long-term is further our achievements X liquidity talented and growth and objectives. attracted years. and for and profit our our support Including based following and during gross worth $XXX quarter. We for We we we gross businesses, that built set records nearly on additional
laundry These in industry, of well-respected are and the particularly achievements our of member entrepreneurial commercial every and am dynamic, I of proud team the team. most each and the
approach seek our are businesses, results Given EVI company. our hire, positive of and add and family among including profitability around of reputation we a in earned our professionals prospects to and long-term quality talented we us our which to highly industry, growth growing owners among and the may who have may confident we in
Be comments and in employees, next your want I and our thank participation XXXX. our to loyal customers to for the of related suppliers shareholders well. This Until valued quarter closing, and In third concludes time. our our support fiscal EVI.
