EVI Industries to Attend Baird 2019 Global Consumer, Technology & Services Conference from June 4-6, 2019
11 May 2019 - 8:18AM
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
bairdconferences@rwbaird.com.
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.
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Henry M. Nahmad (305) 754-8676Michael Steiner (305) 754-8676
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