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Enviro-Serv Posts Record Net Income, Unveils 2025 Expansion Plans in Real Estate and Pest Control Sectors.
ByAinvest
Thursday, Mar 20, 2025 8:47 am ET1min read
Enviro-Serv reports a net income of $745,537 in 2024, reversing a previous net loss of $214,329. The company reduced total liabilities by 31% and achieved revenue growth of 16%. Enviro-Serv plans to expand into high-growth real estate markets like Austin, Phoenix, and Toronto, and increase pest control sales by 20% year-over-year.
Enviro-Serv, Inc. (OTC: EVSV), a diversified holding company specializing in real estate and pest control services, reported a significant financial turnaround for the year ended December 31, 2024. The company achieved a net income of $745,537, reversing a previous net loss of $214,329 in 2023 [1]. This impressive turnaround was driven by various key financial improvements, including a 31% reduction in total liabilities and a 39% decrease in stockholders' deficit [1].In addition to the financial recovery, Enviro-Serv announced ambitious expansion plans for both the real estate and pest control sectors in 2025. The company's strategic expansion into real estate is aimed at driving revenue growth and enhancing shareholder value through targeted investments in high-performing multifamily markets poised for growth in 2025 [2]. By prioritizing properties with a minimum 8% cap rate, EVSV aims to secure sustainable cash flow and increased shareholder value, capitalizing on the booming rental market and diversifying revenue streams.
Enviro-Serv's commitment to growing its pest control operations is evident in its plans to achieve a 20% increase in termite sales year-over-year in 2025 [2]. The company's success in 2024 was supported by contracts with various clients, including Hillsborough County, MacDill Air Force Base, and the City of Clearwater [1].
Sources:
[1] StockTitan. (2025, March 20). Enviro-Serv Reports Strong Financial Recovery and Unveils 2025 Growth Plans in Real Estate and Pest Control Sectors. Retrieved from https://www.stocktitan.net/news/EVSV/enviro-serv-plans-2025-expansion-and-financial-9nsrk8p8w928.html
[2] GlobeNewswire. (2025, March 20). Enviro-Serv, Inc. Announces Financial Results for the Year Ended December 31, 2024, and Unveils 2025 Growth Plans in Real Estate and Pest Control Sectors. Retrieved from https://www.globenewswire.com/news-release/2025/03/20/2530283/0/en/Enviro-Serv-Inc-Announces-Financial-Results-for-the-Year-Ended-December-31-2024-and-Unveils-2025-Growth-Plans-in-Real-Estate-and-Pest-Control-Sectors.html
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