0001174947-16-003388.txt : 20161114 0001174947-16-003388.hdr.sgml : 20161111 20161114091232 ACCESSION NUMBER: 0001174947-16-003388 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161114 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 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: 161991071 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 form8k-16783_evi.htm 8-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

_________________________________

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

_________________________________

 

 

Date of Report

 

November 14, 2016

(Date of earliest event reported)

 

EnviroStar, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

(State or other jurisdiction of

incorporation or organization)

 

001-14757

(Commission File Number)

 

11-2014231

(IRS Employer Identification No.)

 

         

290 N.E. 68 Street

Miami, Florida

(Address of principal executive offices)

     

33138

(Zip Code)

 

(305) 754-4551

(Registrant’s telephone number, including area code)

 

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 (see General Instruction A.2. below):

 

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[ ] Pre-commencement communications pursuant to Rule 13e4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 
Item 2.02 Results of Operations and Financial Condition.

 

On November 14, 2016, EnviroStar, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2016. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

 

The information in this Current Report on Form 8-K, including Exhibit 99.1 hereto, is furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

 

Item 9.01 Financial Statements and Exhibits.

 

(d)           Exhibit 99.1 - Press Release dated November 14, 2016

 

 

 

 

2 

 

SIGNATURES

 

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 hereunto duly authorized.

 

  ENVIROSTAR, INC.
     
     
     
Dated:  November 14, 2016 By:  /s/ Venerando J. Indelicato
    Venerando J. Indelicato
    Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXHIBIT INDEX

 

 

Exhibit Description
   
99.1 Press Release dated November 14, 2016

 

 

 

 

 

EX-99.1 2 ex99-1.htm EX-99.1

From: EnviroStar, Inc.

290 NE 68 Street

Miami, FL 33138

Henry M. Nahmad (305) 754-4551

Venerando Indelicato (813) 814-0722

FOR RELEASE: at 9:00AM, Monday, November 14, 2016

EnviroStar, Inc. Reports First Quarter Results

Miami, FL – November 14, 2016 – EnviroStar, Inc. (NYSE MKT: EVI) today reported results for the three-month period ended September 30, 2016. Compared to the same period of the prior fiscal year:

Revenues increased 52% to $9.5 million from $6.2 million,

Operating income improved 125% to $566,000 from $252,000,

Net income increased 124% to $352,000 from $157,000, and

Earnings per share increased 250% to $.05 per share from $.02 per share.

Henry M. Nahmad, Chairman and Chief Executive Officer of EnviroStar stated, “We are very pleased with our first quarter performance and the growth realized in our revenues, income and earnings per share compared to the same period of fiscal 2016. We remain excited about our future, particularly in light of our addition of Western State Design during October 2016, as well as other potential acquisition and organic growth opportunities.”

EnviroStar, Inc., through its subsidiaries, is one of the nation’s largest and leading distributors of commercial and industrial laundry, dry cleaning equipment, and steam boilers equipment, parts, and related installation and routine maintenance services.

 

 

 

 

 EnviroStar, Inc.

 

 

 EnviroStar, Inc.           (NYSE MKT: EVI)

     

 

   Three months ended September 30, 
   2016   2015 
         
Revenues  $9,471,992   $6,237,200 
           
Operating income   565,559    251,794 
           
Provision for income taxes   213,805    95,391 
           
Net income   351,944    157,032 
           
Basic and diluted earnings per share  $0.05   $0.02 
           
Weighted average basic and diluted shares outstanding   7,033,732    7,033,732 

 

 

 

Safe Harbor Statement

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 may be preceded by, followed by or otherwise include the words “may,” “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “could,” “would,” “should” or similar expressions or statements that certain events or conditions may occur. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by these forward-looking statements. Forward-looking statements are based largely on the expectations, beliefs and assumptions of the Company’s management and on the information currently available to it and are subject to a number of risks and uncertainties, including, but not limited to: risks and uncertainties associated with the Company’s growth strategy, including that the Company may not be successful in achieving organic growth or in identifying or consummating acquisitions or other strategic opportunities when expected or at all, and that the potential benefits of acquisitions (including the recent acquisition of Western State Design) may not be realized to the extent anticipated or at all; and other economic, competitive, governmental, technological and other risks and factors, including, without limitation, those discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2016 or otherwise in the Company’s filings with the Securities and Exchange Commission. Many of these risks and factors are beyond the Company’s control. In addition, past performance and perceived trends may not be indicative of future results. The Company cautions that the foregoing factors are not exclusive.