EVI Industries — First Fiscal Quarter 2027 Earnings Summary

EVI Industries reported record first-quarter fiscal 2027 results with revenue increasing 4.3% to $112.9 million and net income surging 108% to $3.8 million. The company achieved a record gross margin of 33.7% and an adjusted EBITDA margin of 8.8%, driven by growth in service activities and a $0.5 million tariff refund. On September 1, 2026, EVI entered the consumer garment care services industry through the acquisition of Sudsies, Inc., which contributed approximately $1.6 million in revenue during its first month of operation. Additionally, net debt rose to $76.7 million to fund the Sudsies acquisition and other strategic investments, while the company continued its buy-and-build strategy with the recent acquisition of Commercial Laundry Equipment.