Filing Flows › EVI Industries (EVI) › Q2 FY25
EVI Industries (EVI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 10, 2025
EVI Industries (EVI) reported revenue of $92.7M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and -1% from the quarter before. Operating margin was 2.6%, net earnings $1.1M (1.2% of revenue).
EVI Industries, Q2 FY25: revenue $92.7M (+2% year over year), operating margin 2.6%, net earnings $1.1M, operating cash flow $2.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $92.7M | -1% | +1% |
| Gross profit | $27.5M | -5% | +4% |
| Operating profit | $2.4M | -52% | -19% |
| Net earnings | $1.1M | -65% | -16% |
| Operating cash flow | $2.0M | +851% | -79% |
| Free cash flow | $1.1M | — | -86% |
What changed
Revenue was $92.7M in Q2 FY25, up 1% year over year and down 1% from the previous quarter.
Gross margin was 29.7%, up 0.8 points from a year earlier. Operating profit was $2.4M, a 2.6% margin (down 0.7 points year over year). Operating profit fell $561K even though revenue rose $1.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 1%. Net earnings were $1.1M, down 16% year over year. The effective tax rate was 34.4%.
Operating cash flow was $2.0M (down 79% year over year), 174% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items used $1.9M. Capital expenditures of $871K left free cash flow of $1.1M.
Questions
What was EVI Industries' revenue in the second quarter fiscal 2025?
EVI Industries (EVI) reported revenue of $92.7M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and -1% from the quarter before.
Was EVI Industries profitable in the second quarter fiscal 2025?
Operating profit was $2.4M (2.6% of revenue) and net earnings $1.1M.
Source: EVI Industries 10-Q on SEC EDGAR.