logo
Share SHARE
FONT-SIZE Plus   Neg

EnviroStar FY Profit Falls

Laundry equipment distributer, EnviroStar, Inc. (EVI), Monday announced a lower profit for its full year, as the rise in revenues was more than offset by an increase in expenses that surged due to reorganization of the sales and support staff.

Net income for the second quarter was $511,789 or $0.07 per share, down from $603,773 or $0.09 per share in the prior year.

During the quarter, the company's net revenues rose to $22.46 million, up 5.3% from $21.33 million in the year ago period.

Shares of EnviroStar are currently trading at $1.40, down 3 cents or 2.24% on the NYSE.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island. The location was around Farmingdale, during 9.30 pm and 10 pm. Searches are on to locate the exact source of the laser beam. The Federal official suspects that the beam came from a hand-held device. Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year. Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items.
comments powered by Disqus
Follow RTT