EVI Industries to Present at the Baird Global Industrial Conference
October 18 2023 - 2:30PM
Business Wire
EVI Industries, Inc. (NYSE American: EVI) announced today that
Henry M. Nahmad, Chairman and CEO, will present at the Baird Global
Industrial Conference being held at The Ritz-Carlton, Chicago on
Thursday, November 9, 2023. Mr. Nahmad is also scheduled to host
one-on-one meetings with registered investors during the conference
dates from November 7-9, 2023. For more information on the
conference and to schedule a one-on-one meeting, please contact
Baird Conferences at bairdconferences@rwbaird.com
EVI executes a buy-and-build strategy focused on long-term
growth and shareholder value creation. During the last seven years,
the Company has acquired 25 commercial laundry distributors and
service providers in North America. Today, the Company operates
from over 30 distribution locations in 19 states and exports to
Latin America and the Caribbean from its Florida operations. The
Company employs a vast sales and service organization that plans,
designs, sells, installs, and maintains industrial, on premise,
vended, and route laundries. The Company continues to thoughtfully
execute its long-term growth strategy in and around the commercial
laundry industry. As a result of these initiatives, since 2016
EVI’s revenue, net income, and Adjusted EBITDA have grown at
compounded annual growth rates of 39%, 28%, and 37%,
respectively.
About EVI Industries
EVI Industries, Inc., through its wholly owned subsidiaries, is
a value-added distributor and a provider of advisory and technical
services. Through its vast sales organization, the Company provides
its customers with planning, designing, and consulting services
related to their commercial laundry operations. The Company sells
and/or leases its customers commercial laundry equipment,
specializing in washing, drying, finishing, material handling,
water heating, power generation, and water reuse applications. In
support of the suite of products it offers, the Company sells
related parts and accessories. Additionally, through the Company’s
robust network of commercial laundry technicians, the Company
provides its customers with installation, maintenance, and repair
services. The Company’s customers include retail, commercial,
industrial, institutional, and government customers. Purchases made
by customers range from parts and accessories to single or multiple
units of equipment, to large complex systems as well as the
purchase of the Company’s installation, maintenance, and repair
services.
Forward-Looking Statements
Except for the historical matters contained herein, statements
in this press release are forward-looking and are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are subject to a
number of known and unknown risks and uncertainties that may cause
actual results, trends, performance or achievements to differ from
the future results, trends, performance or achievements expressed
or implied by such forward-looking statements. These risks and
uncertainties include, among others, the risks related to EVI’s
business, results, financial condition, prospects, and growth
strategy and plans, including risks associated with EVI’s ability
to successfully execute its buy-and-build growth strategy and
organic growth initiatives, and other economic, competitive,
governmental, technological and other risks and factors, including
those discussed in the Company’s filings with the Securities and
Exchange Commission, including, without limitation, the “Risk
Factors” section of the Company’s Annual Report on Form 10-K for
the fiscal year ended June 30, 2023, filed with the SEC on October
5, 2023. Many of these risks and factors are beyond EVI’s control.
In addition, past performance of EVI and its acquired businesses
and perceived trends may not be indicative of future results. EVI
cautions that the foregoing factors are not exclusive. The reader
should not place undue reliance on any forward-looking statement,
which speaks only as of the date made. EVI does not undertake to,
and specifically disclaims any obligation to, update or supplement
any forward-looking statement, whether as a result of changes in
circumstances, new information, subsequent events or otherwise,
except as may be required by law. Adjusted EBITDA is a non-GAAP
financial measure. For a reconciliation of Adjusted EBITDA to net
income, the most comparable GAAP financial measure, see the
Company’s earnings press release for the fiscal year ended June 30,
2023, which was issued on October 5, 2023.
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EVI Industries, Inc. Henry M. Nahmad Chairman and CEO (305)
402-9300
Investor Relations (305) 402-9300 info@evi-ind.com
EVI Industries (AMEX:EVI)
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