MIAMI–(BUSINESS WIRE)–EVI Industries, Inc. (NYSE American: EVI) announced today that Henry M.
Nahmad, Chairman and CEO, is scheduled to host one-on-one meetings with
registered investors at the Baird Global Consumer, Technology & Services
Conference being held at the InterContinental New York Barclay during
the conference dates from June 4-6, 2019. For more information on the
conference and to schedule a one-on-one meeting, please contact Baird
Conferences at [email protected].
In March 2015, EVI implemented a buy-and-build strategy focused on
long-term growth and shareholder value creation. In connection with its
long-term growth strategy, during the last thirty months, EVI has
acquired eleven commercial laundry distributors and service providers.
In pursuit of the Company’s long-term growth goals, EVI continues to
thoughtfully execute its growth strategy, including: (1) the pursuit of
acquisitions of quality and complementary businesses, (2) the pursuit of
organic growth opportunities, and (3) investments in advanced
technologies designed to improve efficiency and productivity.
About EVI Industries
EVI Industries, Inc., through its wholly-owned subsidiaries, is a
distributor that generates revenues by selling, leasing or renting,
through its extensive sales organization, commercial, industrial and
vended laundry, dry-cleaning, and material handling equipment, steam and
hot water boilers, water reuse and filtration systems, and related
replacement parts and accessories. Additionally, the Company designs,
plans, and installs turn-key laundry, dry cleaning, boiler, and water
filtration systems and provides maintenance services through its robust
technical service organization.
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 installation and
maintenance services. The Company believes that the increase in
equipment sales provides a strong foundation for the Company to further
strengthen its customer relationships, including that they may in the
future result in higher gross margin opportunities from the sale of
parts, accessories, supplies, and technical services related to the
equipment.
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 of EVI, or industry trends and results, 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, risks associated with EVI’s
buy-and-build growth strategy, including that EVI may not be successful
in identifying or consummating acquisitions or other strategic
opportunities where or when expected, or at all, that acquisition and
other strategic opportunities may not be available to EVI to the extent
anticipated or at all, that the potential benefits of transactions may
not be realized to the extent anticipated or at all, integration risks,
risks related to indebtedness incurred in connection with transactions,
dilution experienced by EVI’s stockholders as a result of shares issued
in connection with transactions, risks related to the business,
operations and prospects of acquired businesses, their ability to
achieve growth and EVI’s ability to support growth efforts, risks
related to EVI’s and its acquired businesses’ relationships with
principal suppliers and customers and the impact that the loss of any
principal supplier or customer could have on EVI’s results and financial
condition, risks related to organic growth initiatives, risks that
investments and expenses may not result in the benefits anticipated,
including long-term growth and increases in shareholder value, and risks
that investments in advanced technologies may not result in the
realization of improved efficiency and productivity. Reference is also
made to other economic, competitive, governmental, technological and
other risks and factors discussed in EVI’s filings with the Securities
and Exchange Commission (the “SEC”), including, without limitation,
those disclosed in the “Risk Factors” section of EVI’s Annual Report on
Form 10-K for the fiscal year ended June 30, 2018 filed with the SEC on
September 13, 2018. Many of these risks and factors are beyond EVI’s
control. In addition, past performance 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.
Contacts
Henry M. Nahmad (305) 754-8676
Michael Steiner (305) 754-8676
