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Envela Reports First Quarter 2021 Financial Results
ACCESSWIRE
Quarterly Net Income Up 71% Year-over-Year to $2.0 Million
DALLAS, TX / ACCESSWIRE / May 5, 2021 /
Envela Corporation(NYSE American:ELA) ( Envela or the Company ), today reported financial results for its first quarter ended March 31, 2021.
Management Commentary Envela delivered another period of solid profits in the first quarter of 2021 despite a historic Texas winter freeze and associated power outages that temporarily impacted our operations, said John Loftus, Chairman and CEO of Envela. Our ability to address these issues expeditiously reflects the Company s operational acumen and business resiliency. Envela s business continues to benefit from several growth drivers, including accelerated sustainability trends and an increasing supply of used electronics. Overall, we remain confident in our ability to drive profitable growth through 2021 and beyond.
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Press release content from Accesswire. The AP news staff was not involved in its creation.
Envela Reports First Quarter 2021 Financial Results
May 5, 2021 GMT
Quarterly Net Income Up 71% Year-over-Year to $2.0 Million
DALLAS, TX / ACCESSWIRE / May 5, 2021 / Envela Corporation(NYSE American:ELA) (“Envela” or the “Company”), today reported financial results for its first quarter ended March 31, 2021.
Management Commentary
“Envela delivered another period of solid profits in the first quarter of 2021 despite a historic Texas winter freeze and associated power outages that temporarily impacted our operations,” said John Loftus, Chairman and CEO of Envela. “Our ability to address these issues expeditiously reflects the Company’s operational acumen and business resiliency. Envela’s business continues to benefit from several growth drivers, including accelerated sustainability trends and an increasing supply of used electronics. Overall, we remain confident in our ab
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