Hello and welcome to EVI Industries Earnings Call for the Third Quarter of the Fiscal Year ending June 30, 2023.
This is 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, 2022.
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
comments now periods each navigated shortages, times, And leadership last X- ended lead March on labor results. successfully my the year, of and which XX, supply team time unpredictable and X-month chain adversely constraints, XXXX. impacted This inflation year our prior
that the despite faced this however, my commentary we challenges central last of recall, year long-term then, time the might was confidence. theme You
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also revenues laundry equipment commercial and periods. service the the and installed X- of Given both base company parts increased increasing in our X-month represents,
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than the common the our company the owners that original to group the goal the Today, over is includes our bound formation North success XXX are our long-term of while principles, more and and of distribution growth family. American values performance professionals we rewarding businesses first are no continued and to that laundry and closing, commercial set leader of in most undisputed critical growth records, a industry. and service more by a to our build In beyond and shared continues EVI acquired achievement
we've conviction stated As are that is and from the right. with is the that we thoughtful long-term committed acts opportunity growth-focused company beginning, a and when
value financial improved consistently true stayed good and businesses, our propositions have and our strengthened operating gross customer margins. We principles, to acquired
We also we're the realize that initiatives. to beginning believe just optimization of our benefits
industry. dynamic, from leaders is efforts of and across entrepreneurial collection well-respected Supporting these a commercial the laundry
a talented a positive earned and in us quality hire. may approach owners reputation EVI businesses, of seek our we industry, we including around to our who family may have Our reputation, professionals among to add and and growing among results which
valued For fiscal about and of the these to and related next our concludes This support and XXXX. In during closing, earnings and for well. reasons loyal others and time. Be employees, want third growth to participation shareholders the optimistic our our your our I plans outlook. customers and our in we remain thank suppliers EVI. Until quarter mentioned this long-term excited call, comments
