Hello, and welcome to EVI Industries' earnings call for the second quarter of the fiscal year ended June 30, 2025.
I am 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
also a company call non-GAAP in This includes performance. financial is EBITDA, evaluating measure a which that the believes useful discussion is of adjusted
financial issued to Please information for most net definition adjusted income, regarding press reconciliation a GAAP the additional EBITDA including the today and refer measure. EBITDA, of earnings to of our release adjusted adjusted comparable EBITDA
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in implementation surpassed field to technologies operations, important the We continued the company. service deployed the the dividend certain We had we platform. the which new We company's fulfilled development excess regional largest in contracts million, during confirmed new XX% of and customer across of in of sales period, milestones $X.X EVI's now dividend of over cash e-commerce value special a order those history. the of paid is of
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of is and increases delays the record ended X% period $XX X-month contracts. EVI's sales revenue revenue commentary on prior the record XX, the the order industrial modest X-month certain a to and increased the X% revenue The case $XXX for in industrial of operating during primarily cadence of to X- period for the in now million December each revenue periods X-month my large irregular X- period versus X-month year. and And a XXXX. the million increased to the periods in results same and for completion attributed
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we benefit forward, over over contribute confirmed the categories, from completion contracts order backlog. Looking of $XXX expect to across laundry which sales on-premise and together our equipment customer the industrial, million to to sales vended --
on services in slight gross mix XX%. categories shift aimed in new million sales X- across and set to reflect a periods $XX as The and ended as million, of operating will, in machinery and which, part set cost an respectively, time, operating historically achieved quarter-by-quarter gains example, does the the period margin and profit the of from solution company resulted at X-month sales not consumables. amount by in parts for laundry automating investment XX, to our long-term a gross our this record $XX growth to During well impact laundry labor-intensive December selling, the leverage buy-and-build higher-margin lower but commercial in the the as strategy. the the X-month timing time from of sales new tasks of discourage records certain variability and at of These in a has continued derived basis, benefit for execution
the scalable investments in strategy. central remain in this businesses to of growth and technologies execution Our additional investments
teams, principally adding promoting exchange our on of and and component the in service by encouraging investing technologies, lines, and sales build our operations, ideas product the growth teams at between business our the of scalable Specifically, expanding businesses. businesses growing installation concepts focuses management acquired
we On business sales planning initiative e-commerce that have grown increase the platform. enriching technologies These units and third-party professionals technology time, numerous technology our efforts processes. into and Since significantly and resource geographies new future data and accelerate various a create This sets, our EVI retained. to and leading team company. state scalable operating technology data-driven and and configuring commenced efficiency our a building growing with growth, technology a channels, field into convenience consolidate to undertaken extending transform customers, modern master in systems, has databases group multiple enterprise been is comprehensive initiatives technology end profit including XXXX, and softwares, in into speed, sales serving were goal to reach implementing service investments,
associated a and these term, cost the modernization adversely performance these and and other achieving technological near to While impacts profitability believe with expense the be we initiatives aggregate long-term our our capabilities financial will in goals. growth catalyst
cash cash during perspective, From during was X-month primarily strength $X.X in operating attributable liquidity by operating million provided activities months XX, compared in the of period to X income. financial by operating cash million a and activities working net provided by activities capital, partially million XXXX. ended December changes ended provided $X.X December $XX.X in offset to XX, This increase decrease an of the
the cash XXXX. October of company's Given 'XX. over was XX, declared prospects, liquidity, profitability Board XXXX, the cash available of The growth share, on the special of on on increase special flows declared on dividend common our cash cash and solid stock strong of and million dividend a September $X.XX $XXX a sheet balance paid special dividend over per X, Directors October with stockholders XX% to
with investments million million at on business working from to payment cash in the special net in XX, XX. capital, $XX paid As company's dividend, a the these June XXXX of and result $X.X connection December period the acquisitions the X-month debt of consummated during cash increased
the the Pro December end, and X-month acquisition distributors after the On period Illinois-based providers, laundry first company's Laundry a Shortly the in Indiana-based service Lakeland, a loyal purchase period professionals to of acquisitions, X the the where opportunities. of ended and Huntley, each Equipment believes areas customer during acquisition completed Midwest Florida; added and commercial acquisition, the third XX, Machinery, sales Supply. comprised company agreement Jeffersonville, and company acquire experienced service of are Haiges Florida-based of distribution O'Dell base and in with we gain there share company United States. region market With the the service similar geographic businesses executed
A of family-owned acquisition the Since growth is have long-term acquired XXXX, businesses. we cornerstone businesses. our XX long-standing of strategy often
goal distribution of largest, forming businesses Our people, culture service of most the preservation strategy legacies North laundry and single in the cohesive entrepreneurial the the includes commercial and acquired with of organization the the industry. American unique and
entrepreneurial believe for actively unique pursuing great and factors our cultural opportunities home an our are we financial, culture, meet that criteria. position and success, attractive strong businesses, and advantage, provide technology other we financial strategic growing Given that our
to team important remember diligenced, negotiated, have that is our has that in been Miami, It our together internally sourced, over by years. acquisitions and X working integrated Florida for been executed
industries. family appreciation flexibility a and exercise We and the acquisitions growth our profound of the we tremendous commercial our and in a pursue the the consideration laundry family-owned a team for successful reputation, Our undertakes have when process record many buying opportunities strategic actively of divestiture Considering our continue industry throughout transactions process sensitive contemplating given industry related in record and reputation the business. to and and has acquisitions.
In Today, summary, time that able we're time. that for that years. well consistent We growth many our we on business we conservative and execute in will buy-and-build EVI yet leadership the believe way of opportunities our are continue growth over executing growth, at I've is we under long-term so pursuit continued long-term that a to the aggressive and our positioned said any to in fundamentally be intend growth growth solid finance strategy. continuous again on demonstrated has
XXXX. second quarter fiscal year of comments June my the This concludes ended XX, related the to
I our and valued time. your to EVI. thank suppliers participation next customers Until want employees, always, in support our loyal As well. and and for shareholders our Be
