EVI Industries Reports Third Quarter Results Including Record Cash Flows
EVI Industries, Inc. (NYSE American: EVI) announced its operating results for the three- and nine-month periods ended March 31, 2024, including record revenue, gross profit, and operating cash flows for the nine-month period ended March 31, 2024, and record gross margin and operating cash flows for the three-month period ended March 31, 2024.
- EVI Industries, Inc. (NYSE American: EVI) announced its operating results for the three- and nine-month periods ended March 31, 2024, including record revenue, gross profit, and operating cash flows for the nine-month period ended March 31, 2024, and record gross margin and operating cash flows for the three-month period ended March 31, 2024.
- The Company also provided commentary on its results of operations, cash flow and financial position, and investments in furtherance of its technology initiatives.
- Operating cash flow for the nine-month period was a record $20.3 million (a $27 million increase over prior year) and for the third quarter was a record $9.4 million.
- This record level of operating cash flows follows the payment of a special cash dividend on the Company’s common stock of $0.28 per share, or $4.1 million in the aggregate, paid during the second quarter of fiscal 2024.