-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q8eZ2DkHZI2rGm53tAmqL8fm9LWZEZZKFCCWL1h9wl4qu0C7SAFt8XF5PmKlQalI FFc1G3+5PhCsMg0J/3d/pQ== 0000910680-11-000062.txt : 20110214 0000910680-11-000062.hdr.sgml : 20110214 20110214133001 ACCESSION NUMBER: 0000910680-11-000062 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110214 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110214 DATE AS OF CHANGE: 20110214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EnviroStar, Inc. CENTRAL INDEX KEY: 0000065312 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] IRS NUMBER: 112014231 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14757 FILM NUMBER: 11604722 BUSINESS ADDRESS: STREET 1: 290 NE 68 STREET CITY: MIAMI STATE: FL ZIP: 33138 BUSINESS PHONE: 3057544551 MAIL ADDRESS: STREET 1: 290 NE 68 STREET CITY: MIAMI STATE: FL ZIP: 33138 FORMER COMPANY: FORMER CONFORMED NAME: DRYCLEAN USA INC DATE OF NAME CHANGE: 20000210 FORMER COMPANY: FORMER CONFORMED NAME: METRO TEL CORP DATE OF NAME CHANGE: 19920703 8-K 1 f8k02142011.htm CURRENT REPORT f8k02142011.htm
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  February 14, 2011
 
 
 
EnviroStar, Inc.
 
 
(Exact name of registrant as specified in its charter)
 
 
 
 
Delaware
 
 
(State or other jurisdiction of incorporation)
 
 
 
 
001-14757
 
11-2014231
 
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
 
290 N.E. 68 Street, Miami, Florida
 
33138
 
 
(Address of principal executive offices)
 
(Zip Code)
 
 
 
Registrant's telephone number, including area code: (305) 754-4551
 
 
Not Applicable
 
 
(Former name or former address, if changed since last report)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 
 
The information in this Report, including Exhibit 99.1 and the information therefrom incorporated in Item 2.02 by reference to Exhibit 99.1 are being furnished, and shall not be deemed “filed,” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability under that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 2.02
Results of Operations and Financial Condition.

On February 14, 2011, the Company issued a press release announcing its results of operations for the six and three month periods ended December 31, 2010. A copy of the press release is furnished as Exhibit 99.1 to this Report and is incorporated herein by reference.

Item 9.01
Financial Statements and Exhibits.

 
(d)
Exhibits:
 
       
   
99.1
The Company’s press release dated February 14, 2011.


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
 
EnviroStar, Inc.
 
       
Date    February 14, 2011
By:
/s/ Venerando J. Indelicato  
    Venerando J. Indelicato,
Treasurer and Chief Financial Officer
 
 

 
2

 
 
EXHIBIT INDEX

Exhibit No.                      Description                                                                                     

 
 
 
3

EX-99.1 2 ex99_1-f8k02142011.htm THE COMPANY?S PRESS RELEASE DATED FEBRUARY 11, 2011. ex99_1-f8k02142011.htm
 
  Exhibit 99.1
   
From:
EnviroStar Inc.
 
290 NE 68 Street
 
Miami, FL  33138
 
Michael Steiner  (305) 754-4551
 
Venerando Indelicato  (813) 814-0722

 
FOR IMMEDIATE RELEASE
 

EnviroStar, Inc.  Announces Second Quarter Results

Miami, FL – February 14, 2011, – EnviroStar, Inc., (NYSE Amex: EVI), today reported revenues and earnings for the six and three month periods ended December 31, 2010.  For the first six months of fiscal 2011, revenues increased by 3.8% to $10,118,259 from $9,749,931 for the same period of fiscal 2010.  Net income increased by 42.5% to $214,066 or $.03 per share compared to net income of $150,273 or $.02 per share for the same period of fiscal 2010.
 
For the second quarter of fiscal 2011, revenues decreased by 14.0% to $5,264,209 from $6,121,661 in the comparable period of fiscal 2010. Net income for the period decreased by 62.9% to $82,114 or $.01 per share compared to $221,171 or $.03 per share for the second quarter of fiscal 2010.
 
Venerando J. Indelicato, Chief Financial Officer of EnviroStar Inc., stated, “As mentioned in prior reports, quarterly results are not necessarily indicative of full year results as shipments are sometimes delayed due to a number of operating reasons. This is illustrated in the second quarter of fiscal 2011 which does not compare favorably to the second quarter of last year, when the Company was able to ship a good part of its backlog. However, six month results show an improvement, with sales of boilers increasing by 176.5% for the six month period and 178.6% for the three month period.”  Mr. Indelicato also stated that, “Incoming orders have been trending higher, which is a good indication that the economy is improving.”
 
EnviroStar, Inc. through its subsidiaries is one of the nation’s leading distributors of industrial laundry, dry cleaning equipment 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


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

Summary Unaudited Consolidated Statements of Income

   
Six months ended
December 31,
   
Three months ended
December 31,
 
   
2010
   
2009
   
2010
   
2009
 
                         
Revenues
  $ 10,118,259     $ 9,749,931     $ 5,264,209     $ 6,121,661  
 
                               
Income before income taxes
    336,306       243,181       133,366       356,614  
Provision for income taxes
    132,240       92,908       51,252       135,443  
                                 
Net income
  $ 214,066     $ 150,273     $ 82,114     $ 221,171  
                                 
Basic and diluted earnings per share
  $ .03     $ .02     $ .01     $ .03  
                                 
Weighted average shares outstanding:
                               
Basic and diluted
    7,033,732       7,033,732       7,033,732       7,033,732  

 


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