0000910680-14-000042.txt : 20140509 0000910680-14-000042.hdr.sgml : 20140509 20140509163648 ACCESSION NUMBER: 0000910680-14-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140509 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140509 DATE AS OF CHANGE: 20140509 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: 14829699 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 f8k05092014.htm CURRENT REPORT f8k05092014.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): May 9, 2014

 
   
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 May 9, 2014, the Company issued a press release announcing its results of operations for the nine and three month periods ended March 31, 2014. 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 May 9, 2014.

 
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 hereunto duly authorized.

 
 
   
EnviroStar, Inc.
 
 
       
 Date:  May 9, 2014   By: /s/ Venerando J. Indelicato  
     
Venerando J. Indelicato,
     
Treasurer and Chief Financial Officer
       
 
 
 
 
 
 

 
 
 
EXHIBIT INDEX
 
 
Exhibit No.
   
 
Description
     
99.1  
 

 
EX-99.1 2 ex99_1-f8k05092014.htm PRESS RELEASE ex99_1-f8k05092014.htm
Exhibit 99.1
 
From:   EnviroStar, Inc.
290 NE 68 Street
Miami, FL  33138
Michael Steiner  (305) 754-4551
Venerando Indelicato  (813) 814-0722
 
 
 
 
EnviroStar, Inc. Announces Third Quarter Results
 
Miami, FL – May 9, 2014, – EnviroStar, Inc., (NYSE MKT: EVI), today reported revenues and earnings for the nine and three month periods ended March 31, 2014.

For the nine month period of fiscal 2014, revenues increased by 27.3% to $24,878,136 from $19,539,517 for the same period of fiscal 2013. Net earnings for the nine month period of fiscal 2014 increased by 131.1% to $1,217,754 or $.17 per share compared to net earnings of $526,881 or $.07 per share for the same period of fiscal 2013.

For the third quarter ended March 31, 2014, revenues decreased by .5% to $6,549,493 from $6,580,694 for the same period of fiscal 2013. Net earnings for the third quarter of fiscal 2014 increased by 25.9% to $314,677 or $.04 per share compared to $249,887 or $.04 per share for the same period of fiscal 2013.

Venerando J. Indelicato, Chief Financial Officer of EnviroStar Inc., stated, “Although revenues for the third quarter were basically flat when compared to last year, the Company improved its margins resulting in an increase in third quarter earnings.”  Mr. Indelicato also indicated that the financial benefits from the sale of the master franchise for Mexico would accrue to the fourth quarter.

EnviroStar, Inc. through its subsidiaries is one of the nation’s leading distributors of industrial laundry, dry cleaning equipment and steam boilers.

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 MKT:EVI)

Summary Unaudited Consolidated Statements of Income
 
 
 
   
Nine months ended
March 31,
   
Three months ended
March 31,
 
   
2014
   
2013
   
2014
   
2013
 
                         
Revenues
  $ 24,878,136     $ 19,539,517     $ 6,549,493     $ 6,580,694  
 
                               
Earnings before income taxes
    1,957,408       851,217       505,918       402,178  
Provision for income taxes
    739,654       324,336       191,241       152,291  
                                 
Net earnings
  $ 1,217,754     $ 526,881     $ 314,677     $ 249,887  
                                 
Basic and diluted earnings per share
  $ .17     $ .07     $ .04     $ .04  
 
                               
                                 
Weighted average shares outstanding:
                               
    Basic and diluted
    7,033,732       7,033,732       7,033,732       7,033,732