Watch List: EnviroStar (NYSE: EVI)

On Wednesday, Shares of EnviroStar (NYSE: EVI) lost -0.78% to $33.58. The stock grabbed the investor’s attention and traded 4,903 shares as compared to its average daily volume of 21.20K shares. The stock’s institutional ownership stands at 11.90%.

EnviroStar, Inc. (NYSE American: EVI) stated record results for the fiscal year ended June 30, 2018.

For the fiscal year ended June 30, 2018, the Company generated revenues of about $150.0M, a boost of 60% over the prior fiscal year. As stated in the Company’s fiscal 2018 Annual Report on Form 10-K, pro forma revenue1 for fiscal 2018 reflecting the three business acquisitions consummated during the year was about $177.0M. In addition, as described in further detail below, subsequent to the completion of fiscal 2018, EVI accomplished the acquisitions of Industrial Laundry Services, Inc. and Scott Equipment, Inc. The following are financial highlights of EVI’s fiscal 2018:

Fiscal 2018 Highlights (contrast to EVI’s results for the fiscal year ended June 30, 2017):

  • Revenue increased 60% to a record $150.0M. Gross Margin increased from 22% to 24%.
  • Operating income increased 30% to a record $6.90M,
  • Net income increased 25% to a record $4.00M,
  • Adjusted EBITDA increased 59% to a record $10.10M, and Diluted earnings per share increased 6% to a record $0.33 per share.

EVI has a market value of $386.45M while its EPS was booked as $0.36 in the last 12 months. The stock has 11.42M shares outstanding. In the profitability analysis, the company has gross profit margin of 24.00%. Beta value of the company was 0.67; beta is used to measure riskiness of the security.

Chad Pitman

Chad Pitman

I am Chad Pitman and I focus on breaking news stories and ensuring we (“Stocks Market Cap”) offer timely reporting on some of the most recent stories released through market wires about “Emerging Stocks”. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for specializing in quicker moving active shares with a short term view on investment opportunities and trends.

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