EnviroStar, Inc. Announces Year End Results
Company Reports Record Earnings
MIAMI-- EnviroStar, Inc. (NYSE MKT:EVI) today reported revenues and earnings for the year ended June 30, 2015.
Revenues for fiscal 2015 were $30,754,570, a decrease of 9.1% over last year’s revenues of $33,833,418. Net earnings increased by 3.2% to $1,671,817, or $.24 per share, a new record for the Company, compared to $1,620,304, or $.23 per share in fiscal 2014.
Venerando J. Indelicato, Chief Financial Officer of EnviroStar, Inc., stated: “We are pleased to report another year of record earnings despite a slight decrease in revenues, mostly due to a customer’s request to postpone delivery of a substantial order as a result of construction delays. We enter fiscal 2016 with a great degree of confidence. Our backlog is solid and growing, fortified by several large orders scheduled for shipment during the fiscal year. Additionally, we look forward to continued expansion of our Coin Laundry Division, which grew dramatically in fiscal 2015.”
EnviroStar, Inc. through its subsidiaries is one of the nation’s leading distributors of commercial and industrial laundry and dry cleaning equipment and steam boilers.
This press release contains certain information that is subject to a number of known and unknown risks and uncertainties that may cause actual results and trends to differ materially from those expressed or implied by the forward-looking statements. Information concerning these factors are discussed in Company reports filed with the Securities and Exchange Commission.
| Year ended June 30, | ||||||||
| 2015 | 2014 | |||||||
| Revenues | $ | 30,754,570 | $ | 33,833,418 | ||||
| Earnings before income taxes | 2,682,748 | 2,604,725 | ||||||
| Provision for income taxes | 1,010,931 | 984,421 | ||||||
| Net earnings | $ | 1,671,817 | $ | 1,620,304 | ||||
| Basic and diluted earnings per share | $ | 0.24 | $ | 0.23 | ||||
| Weighted average shares outstanding: | ||||||||
|
Basic and diluted |
7,033,732 |
7,033,732 |
||||||
View source version on businesswire.com: http://www.businesswire.com/news/home/20150921005034/en/
EnviroStar, Inc.
Henry M. Nahmad, 305-754-4551
or
Venerando
Indelicato, 813-814-0722
Source: EnviroStar, Inc.
Released September 21, 2015