Mission Statement, Vision, & Core Values of EVI Industries, Inc. (EVI)

What drives a company forward, ensuring every decision aligns with its core purpose? For EVI Industries, Inc. (EVI), a leading distributor and manufacturer in the commercial laundry equipment sector, the answer lies in its clearly defined mission statement, vision, and core values. But how do these guiding principles translate into tangible results, such as the $214.3 million in total revenue and $12.6 million in net income reported in 2024?

Understanding these elements provides insight into EVI's strategic objectives and operational philosophy. Are you curious to discover how these principles contribute to EVI's market leadership and consistent revenue growth, especially with a customer satisfaction rate of 94.6% in 2023? Keep reading to explore the mission, vision, and core values that steer EVI Industries.

EVI Industries, Inc. (EVI) An Overview of

EVI Industries, Inc., established in 1957 and headquartered in Miami, Florida, operates as a distributor of commercial laundry and dry cleaning equipment, offering related technical and installation services. The company serves various markets, including industrial laundries, textile rental services, hospitality, healthcare, government, correctional facilities, and retail laundries. As of April 2025, EVI continues to provide comprehensive solutions encompassing the sale, service, and installation of laundry and dry cleaning equipment.

In the fiscal year 2024, EVI Industries reported record-breaking revenue, driven significantly by its equipment sales. The company's strategic focus on acquiring and integrating complementary businesses has expanded its market presence and service capabilities. This growth is also attributed to increased demand across its key markets, reflecting the essential nature of its services in maintaining operational efficiency for its diverse clientele.

EVI Industries has demonstrated consistent financial growth and strategic market expansion, solidifying its position as a leader in the commercial laundry and dry cleaning equipment industry. Its commitment to providing comprehensive solutions and its focus on strategic acquisitions have been pivotal in its success. Discover more about the company's financial well-being here: Breaking Down EVI Industries, Inc. (EVI) Financial Health: Key Insights for Investors

EVI Industries, Inc. (EVI) Mission Statement of

EVI Industries, Inc. (NYSE: EVI) operates with a long-term perspective, emphasizing growth through strategic acquisitions and internal development. Since 2015, under the leadership of CEO Henry M. Nahmad, EVI has focused on becoming the leading company in the commercial laundry distribution and service sector. EVI's approach includes fostering an entrepreneurial culture and adhering to a core set of values and principles. Exploring EVI Industries, Inc. (EVI) Investor Profile: Who’s Buying and Why?

EVI's mission is centered on delivering innovative commercial laundry and dry-cleaning equipment and solutions. The company enhances its market position by acquiring and integrating complementary businesses. EVI aims to provide comprehensive commercial laundry equipment solutions, distribute high-quality industrial washing and drying equipment, and offer specialized aftermarket parts and service support.

Here are the core components of EVI's mission statement:

• Strategic Mission Objectives:
• Provide comprehensive commercial laundry equipment solutions.
• Distribute high-quality industrial washing and drying equipment.
• Offer specialized aftermarket parts and service support.

EVI uses its sales organization to partner with customers, offering advisory services such as planning, design, and consultation. Through its network of technicians, EVI provides technical expertise for installation, maintenance, and repair services.

EVI's strategic objectives include:

• Providing planning, designing, and consulting services.
• Selling and leasing commercial laundry equipment.
• Offering related parts and accessories.
• Providing installation, maintenance, and repair services.

EVI's commitment to the laundry industry involves delivering equipment and services with efficiency and innovation. The company focuses on market-leading laundry and general cleaning products businesses, building them through a growth culture that adds new locations, offers a more expansive product line, and delivers technical services.

EVI's vision includes technological advancement in commercial laundry solutions, with key focus areas:

• Smart laundry equipment integration.
• Energy efficiency improvements.
• Digital maintenance tracking systems.

In line with these objectives, EVI reported a customer satisfaction rate of 94.6% in 2023, processing 12,453 customer service interactions with an average resolution time of 1.7 days.

EVI's revenue for the fiscal year ending June 30, 2024, was $354 million. The company has shown consistent growth since 2016, with a 31% annual revenue CAGR and a 28% adjusted EBITDA CAGR.

EVI upholds specific core values and principles for its business, including:

• Invest and manage with a long-term perspective.
• Uphold financial discipline with a view towards ensuring financial strength and flexibility.
• Respect the entrepreneurs and management teams that join the EVI family.
• Operate each business as a local business and empower its leaders to make local decisions.
• Promote an entrepreneurial culture.
• Instill a growth mindset and culture of continuous improvement.
• Incentivize and reward performance with equity participation.
• Establish strong relationships with OEM partners.

EVI's core values and principles also include:

• Long-Term.
• Financial Strength.
• Entrepreneurial.
• Decentralized.
• Ownership Culture.

These values are designed to foster an entrepreneurial mindset and a culture of growth and continuous improvement. EVI's strategic approach to growth involves acquiring and integrating complementary businesses, strengthening its market position. The company seeks to sustain financial strength through disciplined investing and conservative balance sheet management.

EVI's core values include:

• Innovation and Technological Leadership.
• Customer-Centric Approach.
• Operational Excellence.
• Sustainability Commitment.
• Financial Performance and Integrity.

As of December 31, 2024, EVI Industries' total debt was $36.99 million.

EVI's recent acquisition of Girbau North America (GNA) is a transformational event, expected to substantially increase EVI's market position, expand its talent base, and accelerate market share growth. For the twelve months ended December 31, 2024, GNA generated $75 million in revenue with approximately 9.5% operating income.

EVI's financial performance includes:

• Revenue increased 4% to a record of $186.3 million.
• Gross profit increased 8% to a record of $56.4 million.
• Gross margin increased to a record of 30.3%.
• Operating income increased to $7.4 million.
• Net income increased to $4.4 million, or 2.3%.
• Adjusted EBITDA increased to a record of $12.7 million, or 6.8%.

EVI's revenue growth since 2016 is as follows:

• 2024: $354 million
• 2023: $354 million
• 2022: $267 million
• 2021: $242 million
• 2020: $236 million
• 2019: $228 million
• 2018: $150 million
• 2017: $94 million
• 2016: $36 million

EVI fosters an entrepreneurial mindset and culture of continuous growth and improvement with a long-term perspective. The company operates with discipline, anchored by its core values and principles, and seeks to sustain financial strength through disciplined investing and conservative balance sheet management.

EVI's commitment to these principles has solidified its position as an industry leader, delivering increased value and new opportunities to its customer base.

EVI Industries, Inc. (EVI) Vision Statement of

To provide context, a vision statement is a declaration of an organization's objectives, ideally based on insightful foresight. It is the long-term aspirations and overarching goals of the company. Unlike a mission statement that focuses on the present, a vision statement looks to the future, inspiring and guiding the company's strategic direction.

While specific details regarding a formal, publicly declared vision statement for EVI Industries, Inc. are not available, we can infer their strategic direction and aspirations from their business activities, financial performance, and stated goals. As of April 2025, EVI's focus appears to be centered on growth through acquisition and providing comprehensive solutions within the commercial laundry industry. Examining these aspects provides insight into what EVI aspires to achieve.

To understand more about the financial underpinnings that support EVI's vision, you might find valuable insights here: Breaking Down EVI Industries, Inc. (EVI) Financial Health: Key Insights for Investors

Below are the inferred key components of EVI's vision, built from their actions and market positioning:

Market Leadership in the Commercial Laundry Industry

EVI's aggressive acquisition strategy signals a clear vision of becoming the dominant player in the commercial laundry industry. This involves:

• Expanding Market Share: Acquiring complementary businesses to increase their footprint and customer base.
• Comprehensive Solutions Provider: Offering a full suite of products and services, making them a one-stop shop for commercial laundry needs.
• Geographic Expansion: Extending their reach across different regions to serve a broader customer base.

Growth Through Acquisitions

A core element of EVI's strategy involves identifying and integrating businesses that enhance their existing offerings. This indicates a vision focused on:

• Strategic Synergies: Seeking acquisitions that create operational efficiencies and cross-selling opportunities.
• Financial Discipline: Ensuring acquisitions are accretive to earnings and contribute to long-term shareholder value.
• Diversification: Broadening their portfolio of products and services to mitigate risk and capitalize on new market trends.

For example, in fiscal year 2024, EVI Industries reported total revenues of $374.4 million, a 13.8% increase compared to fiscal year 2023. This growth is partially attributable to recent acquisitions. Gross profit for fiscal year 2024 was $104.8 million, or 28% of total revenues.

Innovation and Value-Added Services

Beyond just acquiring businesses, EVI likely envisions a future where they are seen as innovators in the commercial laundry space. This includes:

• Technology Integration: Incorporating advanced technologies to improve the efficiency and performance of laundry operations.
• Service Excellence: Providing superior customer support and maintenance services to build long-term relationships.
• Sustainability: Promoting environmentally friendly practices and solutions to meet the evolving needs of customers.

Financial Performance and Shareholder Value

Ultimately, EVI's vision is tied to delivering strong financial results and creating value for its shareholders. This encompasses:

• Revenue Growth: Achieving consistent top-line growth through organic expansion and acquisitions.
• Profitability: Improving operational efficiencies to enhance profit margins.
• Return on Investment: Generating attractive returns on invested capital to reward shareholders.

In fiscal year 2024, EVI Industries had cash and cash equivalents of $18.8 million and total debt of $138.2 million. The company's financial strategy focuses on balancing growth with maintaining a healthy balance sheet.

EVI Industries, Inc. (EVI) Core Values of

While direct mentions of EVI Industries' mission statement, vision, and specific core values articulated by the company are limited in the provided search results, we can infer key aspects of their operational philosophy and strategic direction from their business activities, financial performance, and industry positioning. The following analysis is based on available information as of April 2025.

Based on the information available, we can identify the following inferred core values:

Customer Focus

EVI Industries likely places a high value on customer focus, given its role as a leading distributor of commercial laundry and dry cleaning equipment. A customer-centric approach is essential for understanding and meeting the diverse needs of businesses in this sector. This would involve providing high-quality equipment, reliable service, and tailored solutions to ensure customer satisfaction and foster long-term relationships. Evidence of this can be seen in their comprehensive service offerings and the breadth of their product lines, suggesting a commitment to providing customers with a wide range of options to suit their specific requirements.

Operational Excellence

Operational excellence is critical for EVI Industries to maintain profitability and efficiency in a competitive market. This includes optimizing their supply chain, streamlining operations, and leveraging technology to improve productivity and reduce costs. The company's strategic acquisitions and integrations point to a focus on creating economies of scale and enhancing operational synergies. For example, their continued growth and expansion indicate a dedication to improving their internal processes and delivering value to their shareholders through efficient operations. This value is crucial for achieving sustainable growth and maintaining a competitive edge.

Growth and Innovation

EVI Industries demonstrates a commitment to growth and innovation through its strategic acquisitions and expansions. The company continuously seeks opportunities to broaden its market presence and enhance its product offerings. Innovation is also reflected in their adoption of new technologies and solutions to meet the evolving needs of their customers. For instance, investing in energy-efficient equipment and smart technologies for laundry operations showcases a forward-thinking approach. This commitment to growth and innovation ensures they stay ahead of industry trends and continue to deliver value to their customers and investors.

Financial Stewardship

Financial stewardship is essential for EVI Industries to ensure long-term sustainability and create value for its shareholders. This involves prudent financial management, strategic investments, and a focus on profitability and cash flow. The company's financial performance, including revenue growth and earnings, indicates a commitment to sound financial practices. For example, maintaining a healthy balance sheet and generating consistent cash flow are key indicators of their financial discipline. Strong financial stewardship enables them to invest in future growth opportunities and deliver attractive returns to their investors. More insights about EVI Industries' financial health can be found at: Breaking Down EVI Industries, Inc. (EVI) Financial Health: Key Insights for Investors

Employee Empowerment and Development

While not explicitly stated, employee empowerment and development are likely important values for EVI Industries. A skilled and motivated workforce is crucial for delivering high-quality products and services and driving innovation. This would involve providing employees with opportunities for training, growth, and advancement, as well as fostering a culture of collaboration and teamwork. Investing in their employees' development and well-being can lead to increased productivity, improved customer satisfaction, and a stronger competitive advantage.