EnviroStar, Inc. (Formerly Named DRYCLEAN
USA, Inc.) Announces Second Quarter Results
February 12, 2010 12:33 PM Eastern Time
MIAMI--(EON: Enhanced Online News)--EnviroStar, Inc., formerly named DRYCLEAN USA, Inc. (NYSE
Amex:EVI), today reported revenues and earnings for the six and three month periods ended December 31, 2009.
For the first six months of fiscal 2010, revenues decreased by 24.8% to $9,749,931 from a record $12,964,465 for
the same period of fiscal 2009. Net earnings decreased by 65.4% to $150,273 or $.02 per share compared to net
earnings of $434,691 or $.06 per share for the same period of fiscal 2009.
For the second quarter of fiscal 2010, revenues decreased by 1.5% to $6,121,661 from $6,213,648 in the
comparable period of fiscal 2009. Net earnings for the period decreased by 2.0% to $221,171 or $.03 per share
compared to $225,690 or $.03 per share for the second quarter of fiscal 2009.
Venerando J. Indelicato, Chief Financial Officer of EnviroStar Inc., stated, “We are pleased by the rebound of both
revenues and earnings in the second quarter compared to the disappointing first quarter of fiscal 2010. However, the
economy is still affecting the Company’s operations as shipments outpaced incoming orders.” Mr. Indelicato also
indicated that the Company was financially strong and well able to withstand temporary adverse conditions.
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 rep