EnviroStar Inc. Announces Third Quarter Results

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Company Reports Increased Revenues And Earnings

MIAMI-- EnviroStar, Inc. (NYSE Amex:EVI) today reported revenues and earnings for the nine and three month periods ended March 31, 2011.

For the nine month period of fiscal 2011, revenues increased by 7.5% to $14,882,829 from $13,844,574 for the same period of fiscal 2010. Net income increased by 41.4% to $305,907 or $.04 per share compared to net income of $216,372 or $.03 per share for the same period of fiscal 2010.

For the third quarter of fiscal 2011, revenues were $4,764,570, an increase of 16.4% from $4,094,643 in the comparable period of fiscal 2010. Net income for the current year period was $91,841 or $.01 per share, an increase of 38.8% from $66,179 or $.01 per share for the third quarter of fiscal 2010.

Venerando J. Indelicato, Chief Financial Officer of EnviroStar Inc., stated, "We are pleased with the Company's results for the nine and three month periods of fiscal 2011, despite a challenging economy. Incoming orders have been trending higher during fiscal 2011, increasing the Company's backlog. We are especially pleased with boiler sales which improved by 138.9% and 76.5% for the nine and three month periods, respectively, of fiscal 2011 over the same periods of fiscal 2010." He noted that the increase in boiler sales resulted from a new line of boilers introduced by the Company in late fiscal 2009.

EnviroStar, Inc., through its subsidiaries is one of the nation's leading distributors of industrial laundry, dry cleaning machines and steam boilers. Its subsidiary, DRYCLEAN USA License Corp, is one of the largest franchise and license operations in the dry cleaning industry in the United States, the Caribbean and Latin America.

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 those factors are discussed in Company reports filed with the Securities and Exchange Commission. 


EnviroStar, Inc. and Subsidiaries (NYSE Amex:EVI)

Summary Unaudited Consolidated Statements of Income

                            Nine months ended           Three months ended

                            March 31,                   March 31,

                            2011          2010          2011         2010

Revenues                    $ 14,882,829  $ 13,844,574  $ 4,764,570  $ 4,094,643

Income before income taxes    493,783       349,920       147,477      106,740

Provision for income taxes    187,876       133,548       55,636       40,561

Net earnings                $ 305,907     $ 216,372     $ 91,841     $ 66,179

Basic and diluted

earnings per share          $ .04         $ .03         $ .01        $ .01

Weighted average shares

outstanding:

Basic and diluted             7,033,732     7,033,732     7,033,732    7,033,732






    Source: EnviroStar, Inc.

Released May 13, 2011