EVI Industries reported QQ3 2024 revenue of $83.98 million, down 10.7% year-over-year and 8.1% quarter-over-quarter, reflecting the cyclical nature of industrial distribution. Gross profit was $24.29 million with a margin of 28.93%, while operating income came in at $2.41 million and EBITDA at $3.90 million, yielding an operating margin of 2.87% and an EBITDA margin of 4.64%. Net income was $0.96 million, or $0.0659 per basic share and $0.0635 per diluted share, down meaningfully from the prior-year period (net income down 65.2% YoY). Despite a softer top line and margin pressure, the company generated solid operating cash flow of $9.42 million and free cash flow of $8.14 million in the quarter, underscoring strength in working capital management and cash conversion. Balance sheet remains liquid with $3.30 million in cash and cash equivalents and a net debt position of approximately $28.40 million. Current ratio stands at 1.53 and quick ratio at 0.77, indicating modest liquidity given working capital dynamics. Management commentary on the call (where available) is not provided in the dataset; as a result, this section relies on disclosed results and related ratios to gauge business health and trajectory. The stock trades with elevated valuation metrics (P/E about 79.9x, EV/EBITDA about 85.6x) relative to visible profitability, signaling high sensitivity to earnings stability and potential multiple compression if near-term demand remains soft.