EVI Industries Reports Revenue Growth Amid Profit Decline
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EVI Industries, Inc. reported Q1 earnings with revenue growth to $108.3 million from $93.6 million year-over-year. However, net income fell to $1.8 million from $3.2 million due to increased expenses. Key metrics include a gross profit of $33.9 million and operating income of $3.6 million, with earnings per share down to $0.12 from $0.22. The company is pursuing a ‘buy-and-build’ strategy, focusing on integrating acquisitions like ASN Laundry Group to enhance shareholder value.
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