Earnings Releases·Nov 9, 2026, 4:14 PM ET

EVI Industries — First Fiscal Quarter 2027 Earnings Summary

Consolidated revenue rose 4.3% year-over-year to a record $112.9 million, while net income surged 108% to $3.8 million and operating income jumped 75% to $6.2 million, driven by gross margin expansion to 33.7% and adjusted EBITDA growth of 47% to $9.9 million.
Net debt increased to $76.7 million from $44.2 million, primarily due to $37.4 million in cash paid for the acquisition of Sudsies, Inc., which launched a new consumer garment care services division generating $1.6 million in revenue in its first month.
Management maintains its long-term objective of double-digit consolidated operating margins, emphasizing disciplined integration and productivity gains over rapid expansion, while noting that investments in the new division may moderate near-term margins.
The Commercial Laundry Segment delivered record operating income of $11.3 million (up 38%), supported by a 2.9% revenue increase led by service activities and a larger equipment order backlog, alongside a post-quarter acquisition of CLZ to expand Florida presence.
The company retains ample liquidity under its revolving credit facility to pursue further acquisitions in both commercial laundry and consumer garment care services, though it cites risks regarding trade policies, supply chain delays, and integration challenges.