EVI

Shares of EVI Industries, Inc. EVI have gained 16.4% since the company reported its earnings for the quarter ended June 30, 2026, outperforming the S&P 500 index’s 0.7% decline over the same period. Over the past month, EVI shares have advanced 2.6%, while the S&P 500 has declined 1%. For the fourth quarter of fiscal 2026, EVI reported earnings per share of 17 cents, which rose from 14 cents in the prior-year quarter. Revenues increased 11% year over year to a record $121.9 million. Net income increased 31% to $2.7 million from $2.1 million. Gross profit advanced 13% to $38.5 million, while gross margin expanded 80 basis points to 31.6%. Operating income climbed 37% to $5.6 million. Adjusted EBITDA increased 26% to a record $9.1 million, with the adjusted EBITDA margin improving 100 basis points to 7.5%. EVI Industries, Inc. price-consensus-eps-surprise-chart | EVI Industries, Inc. Quote Operating cash flow totaled $13.4 million during the quarter, up 35% from the year-ago period. Net debt declined $11.5 million during the quarter to $44.2 million as of June 30, 2026. Operational activity also remained robust, with EVI completing approximately 30,300 service visits, up about 10% sequentially, across roughly 11,600 unique customers. The service network supports recurring revenues from maintenance, parts and consumables alongside equipment sales. Chairman and CEO Henry Nahmad characterized fiscal 2026 as EVI’s strongest year and highlighted improving operating leverage as the company begins utilizing technology and infrastructure investments made over several years. Excluding $3.8 million of corporate expenses, fourth-quarter adjusted EBITDA was $12.9 million, or 10.6% of revenues. Management views corporate spending on technology, people and enterprise capabilities as infrastructure that can be leveraged across a larger revenue base rather than costs that should rise proportionately with sales. Management also highlighted efforts to use technology to improve technician productivity, job costing, inventory decisions and coordination among EVI’s businesses. It said a customer relationship management system remains an important capability still to be built and deployed. Fourth-quarter revenues benefited from the completion of some projects that had been delayed in the third quarter by adverse weather, along with a higher mix of industrial sales. These factors helped drive a 21% sequential increase in revenues. Profitability was also supported by a greater contribution from service, parts and consumables, which carry higher margins than equipment sales, as well as EVI’s increased ownership of its supply chain through Continental. Tariffs and higher supplier and original-equipment-manufacturer costs remain potential pressures. EVI said it has adjusted pricing and worked with suppliers on cost-mitigation measures in response to higher costs, while acknowledging continued uncertainty around trade policy. EVI ended fiscal 2026 with cash of $6.8 million, down from $8.9 million at June 30, 2025. Total assets decreased to $305 million from $307 million. Long-term debt declined to $51 million from $53 million. Shareholders’ equity increased to $150.1 million from $143.5 million. For fiscal 2026, EVI’s revenues increased 15% year over year to a record $446.6 million. Earnings per share were 48 cents compared with 49 cents in fiscal 2025. Net income increased 3% to $7.7 million. Gross profit advanced 19% to a record $140.7 million, while gross margin reached a record 31.5%. Adjusted EBITDA rose 16% to a record $29.1 million, representing 6.5% of revenues. Management reiterated its longer-term objective of achieving a double-digit consolidated operating margin, expecting additional scale and operating improvements to help leverage corporate expenses. For fiscal 2026 overall, EVI acquired ASN Laundry Group in Aug. 2025 and Belenky, Inc. in Feb. 2026, expanding its commercial laundry operations. After the June 30 year-end, EVI established a consumer garment care services division. It announced an agreement to acquire Sudsies on July 20, 2026, and closed the transaction on Sept. 1. Sudsies serves as the foundation of the new division and represents EVI’s first dedicated expansion beyond commercial laundry distribution and service since beginning its current growth strategy in 2016. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EVI Industries, Inc. (EVI): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in EVI Industries, Inc.? Here are five stocks we like better. Record fiscal 2026 performance: EVI Industries reported approximately $447 million in revenue, $141 million in gross profit and a record 31.5% gross margin. The company also highlighted fourth-quarter adjusted EBITDA margins above 10% in its commercial laundry operations before corporate expenses. Expansion through acquisitions: EVI completed three acquisitions during fiscal 2026 and shortly afterward, including Sudsies, which established a consumer garment care division. Management sees additional growth potential in the fragmented market while maintaining a disciplined approach to deal selection. Solid cash generation and financial flexibility: The company generated about $21 million in operating cash flow and ended the year with approximately $44 million in net debt, despite acquisitions and continued investments in technology, personnel and infrastructure. EVI Industries (NYSEAMERICAN:EVI) said fiscal 2026 was the strongest year in its history, citing record revenue, gross profit and gross margin, alongside operating cash flow generation and continued acquisition activity. Chairman and Chief Executive Officer Henry Nahmad said the company generated approximately $447 million in revenue and $141 million in gross profit for the fiscal year ended June 30, 2026. Gross margin reached a record 31.5%, with gross profit growing faster than revenue, according to Nahmad. → 3 Stocks With September Catalysts Investors Shouldn’t Ignore “Fiscal 2026 was the best year in EVI’s history,” Nahmad said, adding that the results reflected not only growth in the business but also improving earnings potential. Nahmad highlighted operating leverage in the fourth quarter, stating that EVI’s commercial laundry operating businesses generated an adjusted EBITDA margin above 10% before corporate expense, with the adjustment solely reflecting stock-based compensation expense. → Why Hewlett Packard Enterprise’s Sell-Off May Not Last He said corporate expenses largely represent infrastructure shared across the company’s operating businesses, including investments in personnel, technology, processes and capabilities. The company views those investments as tools to improve the customer experience and support its decentralized operating model, rather than simply as mechanisms to reduce costs. EVI plans to continue using technology to support local operating leaders, Nahmad said. He cited better information for managers, technician productivity, job costing, inventory decisions and coordination among businesses as areas where the company is putting its investments to work. → 3 Earnings Season Winners That Analysts Can't Stop Upgrading The company also identified a customer relationship management system as a capability still under development. Nahmad said EVI believes a CRM could provide its sales organization with improved visibility into customer relationships, needs and opportunities across the enterprise. Commercial laundry remains EVI’s foundation, Nahmad said. He described the sector as one with recurring needs for equipment, service, replacement parts, consumables and maintenance across multifamily, vended, on-premise and industrial laundry markets. The company said its operating businesses provide system planning and design, equipment and product specifications, installation and commissioning, and ongoing support including parts, maintenance, repairs, chemicals and technical expertise. Nahmad said EVI is focused on building deeper customer relationships through service and problem-solving rather than operating as a purely transactional equipment distributor. The company is seeking to preserve the local decision-making, accountability and market knowledge of its operating businesses while offering them access to capital, technology, specialized talent and broader corporate resources. During fiscal 2026 and shortly after year-end, EVI completed three acquisitions: two in commercial laundry and one that established its consumer garment care services division. Nahmad characterized the new division as an expansion within the broader laundry market rather than a move away from commercial laundry. Sudsies, the company’s first consumer garment care business, provides the initial platform for the division. He said Sudsies is built around craftsmanship, quality, convenience, technology-enabled logistics and relationships with consumers and luxury retail partners, while its founders and leadership remain involved. EVI sees consumer garment care as a large and fragmented market with independent operators and local brands. Nahmad said the company intends to remain disciplined while pursuing an opportunity to build a second division with meaningful earnings and cash flow. The company entered fiscal 2027 with what Nahmad called a substantial pipeline of acquisition conversations across its areas of focus. He said EVI is evaluating a meaningful number of opportunities but will continue to assess potential deals based on people, culture, economics and strategic fit. EVI generated approximately $21 million in operating cash flow during fiscal 2026 and ended June with approximately $44 million in net debt, essentially unchanged from the prior year despite completing two acquisitions and continuing to invest in the enterprise, Nahmad said. He said the company views financial flexibility as strategic because acquisition opportunities may not arise on a predictable schedule. More than half of EVI is collectively owned by executives and the original owners of businesses that have joined the company, according to Nahmad. Over the past decade, EVI’s revenue has grown more than tenfold and the company has completed more than 30 acquisitions, Nahmad said. Looking ahead, he said EVI sees opportunities to grow commercial laundry organically, expand recurring service and consumables revenue, acquire additional businesses and improve profitability, while developing the consumer garment care division. EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "EVI Industries Q4 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

This article first appeared on GuruFocus. Release Date: September 08, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record revenue of approximately $447 million and record gross profit of approximately $141 million in fiscal 2026. Gross margin reached a record 31.5%, with gross profit growing faster than revenue, indicating improved earnings quality. Commercial laundry operating businesses achieved an adjusted EBITDA margin above 10% (before corporate expense) in Q4, demonstrating strong operating leverage. Completed three acquisitions, including one that established a new Consumer Garment Care Services Division, expanding growth opportunities in a fragmented market. Generated approximately $21 million in operating cash flow and maintained net debt at approximately $44 million, essentially unchanged year-over-year despite acquisitions, reflecting financial discipline. Corporate expenses remain a significant drag on overall profitability, as they are not scaled with revenue and reflect ongoing investments in infrastructure. The company has not yet deployed a CRM system, which is a key capability still ahead and may limit sales force effectiveness and customer visibility. The new Consumer Garment Care Services Division is early-stage, with only one business acquired, and its potential to achieve meaningful scale is unproven. The company faces ongoing risks from tariffs, supplier costs, construction schedules, and economic conditions, which could impact future performance. Despite a strong acquisition pipeline, the company remains disciplined and may forgo opportunities if they do not meet strict criteria, potentially slowing growth. Warning! GuruFocus has detected 5 Warning Signs with EVI. Is EVI fairly valued? Test your thesis with our free DCF calculator. Q: What were the key financial highlights for fiscal 2026, and what do they indicate about the company's performance?A: Henry Naumet, Chairman and CEO, reported that fiscal 2026 was the best year in EVI's history, with record revenue of approximately $447 million and record gross profit of approximately $141 million. Gross margin reached a record 31.5%, and notably, gross profit grew faster than revenue, indicating that the company's earnings quality is improving, not just its size. Q: Can you elaborate on the operating leverage demonstrated in the fourth quarter?A: Henry Naumet highlighted that the fourth quarter showcased meaningful operating leverage, with the commercial laundry operating businesses achieving an adjusted EBITDA margin above 10% before corporate expense. This demonstrates the company's ability to scale profitably and underscores the strength of its core operations. Q: What is the strategic significance of the new Consumer Garment Care Services Division?A: Henry Naumet explained that this division, established shortly after year-end, is an expansion within laundry into a different end customer, not a pivot away from commercial laundry. It provides a second division to apply EVI's successful principlesfragmented markets, recurring customer needs, strong local brands, and disciplined investmentwith a substantial pipeline of acquisition conversations, positioning it as a significant growth opportunity. Q: How does EVI's acquisition strategy and culture contribute to its competitive advantage?A: Henry Naumet emphasized that EVI preserves local brands, retains people, and empowers leaders, allowing entrepreneurs to remain entrepreneurial. This reputation has become a competitive advantage, attracting acquisition conversations that go beyond price. The company is evaluating a meaningful number of opportunities but remains disciplined, focusing on the right people, culture, economics, and strategic fit. Q: What is the company's approach to technology and corporate investments?A: Henry Naumet noted that corporate expenses reflect deliberate investments in people, technology, and processes, aimed at delivering a uniquely better customer experience rather than just cost reduction. A key upcoming capability is a CRM system, which is expected to enhance sales visibility into customer relationships and opportunities, strengthening the decentralized model without replacing it. Q: How does EVI view its financial strength and balance sheet strategy?A: Henry Naumet highlighted that EVI generated approximately $21 million in operating cash flow and ended June with about $44 million of net debt, essentially unchanged from the prior year despite completing two acquisitions. He views financial strength as strategic, providing the flexibility to act on opportunities when they arise without forcing action when they don't. Q: What are the long-term growth prospects for the commercial laundry division?A: Henry Naumet stated that commercial laundry remains the foundation of EVI, with substantial opportunities for organic growth, acquisitions, expanding recurring service and consumables revenue, and improving profitability. The industry's essential nature creates durable demand through economic cycles, and EVI's full-spectrum service approach differentiates it from transactional distributors. Q: How does EVI's ownership structure align with investor interests?A: Henry Naumet pointed out that more than half of EVI is collectively owned by executives and original owners of acquired businesses, meaning investors are investing alongside decision-makers. This alignment of capital, careers, and reputations with long-term outcomes reinforces the company's commitment to building lasting value over short-term optics. Q: What does the company's decade-long track record indicate about its future potential?A: Henry Naumet reflected that over the past 10 years, revenue has grown more than tenfold, with over 30 acquisitions completed, building the leading commercial laundry distribution and service organization in North America. Despite this, he believes EVI is still early, with strengthened confidence in its ability to become an entrepreneurial, owner-led enterprise with durable businesses and meaningful acquisition opportunities. Q: How does EVI manage external factors like tariffs and economic conditions?A: Henry Naumet acknowledged that the company actively manages tariffs, supplier costs, construction schedules, and economic conditions, but does not build EVI around predicting the next 90 days. Instead, the focus remains on long-term value creation, investing through cycles and building capabilities before they are fully needed. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Expanded Commercial Laundry Through Two Acquisitions and Formed Consumer Garment Care Services Division with a Foundational Acquisition MIAMI, September 08, 2026--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the fourth quarter and fiscal year ended June 30, 2026. The Company also provided updates related to its buy-and-build growth strategy, its operational optimization initiatives, and the establishment of its consumer garment care services division. Fiscal Year 2026 Results (compared to the fiscal year ended June 30, 2025) Revenue increased 15% to a record $446.6 million, Gross Profit increased 19% to a record $140.7 million, or a record 31.5%, Operating Income increased 14% to a record $15.7 million, Net Income increased 3% to $7.7 million, Adjusted EBITDA1 increased 16% to a record $29.1 million, or 6.5%, Operating cash flow was $20.6 million, and Net debt was $44.2 million at June 30, 2026, substantially unchanged. Fourth Quarter Results (compared to the quarter ended June 30, 2025) Revenue increased 11% to a record $121.9 million, Gross Profit increased 13% to a record $38.5 million, or 31.6%, an 80-basis point improvement, Operating Income increased 37% to a record $5.6 million, Net Income increased 31% to $2.7 million, Adjusted EBITDA1 increased 26% to a record $9.1 million, or 7.5%, a 100-basis point improvement, Operating cash flow was $13.4 million, and Net debt declined $11.5 million during the quarter to $44.2 million. Henry M. Nahmad, EVI’s Chairman and Chief Executive Officer, commented: "Fiscal 2026 was our best year, and the fourth quarter demonstrated meaningful progress toward the operating leverage we believe is achievable across EVI. Since the close of the fiscal year, we also established a new division in consumer garment care services. Our model is consistent across both the commercial laundry division and the consumer garment care division, as we seek to partner with great operators, provide the resources and capabilities to grow their businesses, and continuously improve performance across the broader organization." A Durable Business Compounding Growth and Earnings Demand in the commercial laundry industry has historically been durable and predictable. Laundry is essential to the operations of EVI’s customers: equipment must be serviced and eventually replaced, while service, parts, and consumables are continuously required. Generally, when equipment is replaced, customers are increasingly investing in larger, higher-capacity systems. As those systems grow in size and sophistication, so does the work around them: installations are more complex, service requires greater technical expertise, and parts are more specialized and more costly. The result is that more of the value in each customer relationship rests with the distributor — the party responsible for specifying the right system, installing it correctly, and keeping it running. Larger, more sophisticated systems also generate more service, parts, and consumables work over their operating lives, and EVI believes that its technical expertise, parts availability, and national service network position the Company to earn that work. The scale and reach of that network were evident in the fourth quarter, when EVI completed approximately 30,300 service visits, up approximately 10% sequentially, including visits to approximately 11,600 unique customers. Taken together, these dynamics give EVI a revenue base that is both visible and recurring, and they support the Company’s ability to invest through economic cycles in the people, service capability, and technology that it believes will support increased sales and profitability over time. Fiscal 2026 reflects those dynamics: EVI’s growth is compounding in quality as well as scale. Revenue increased 15% to a record $446.6 million, while gross profit grew faster, rising 19% to a record $140.7 million and lifting gross margin to a record 31.5%. Net income increased 3% to $7.7 million and adjusted EBITDA increased 16% to a record $29.1 million. That margin improvement reflects continued growth in the Company’s more durable service, parts, and consumables revenues, which carry higher margins than equipment sales and generally recur regardless of the timing of any single installation, as well as the Company's ownership of a greater portion of its supply chain through its Continental subsidiary. The Earnings Power of a Larger Revenue Base Within any given year, however, quarterly results have been shaped more by the timing of deliveries and installations than by any change in customer demand. Both deliveries and installations depend on customer facility readiness and construction schedules, and both can be delayed by events outside of the Company’s control, including adverse weather conditions, as certain projects were in the third quarter of fiscal 2026. The completion of a portion of that deferred activity in the fourth quarter, together with an increased mix of industrial sales during the fourth quarter, contributed to the 21% sequential increase in revenue and to record fourth quarter revenue of $121.9 million. The fourth quarter results also demonstrated the earnings power of a larger revenue base: on 11% revenue growth over the prior fiscal year, fourth quarter net income increased 31% to $2.7 million and adjusted EBITDA increased 26% to a record $9.1 million. That earnings growth was also the product of years of investment in the Company’s operations. With the core ERP, field service, and other supporting technology platforms substantially deployed, EVI is moving from building capability to using it — standardizing processes, improving productivity, increasing coordination across its businesses, and converting additional revenue into profit more efficiently. Modernization of the Company’s operations is an ongoing program, not a completed project, and management believes EVI’s performance will continue to improve as it advances — producing meaningful and sustained operating leverage over time. Operating Margins Today — and What Closes the Gap Against that backdrop, EVI’s objective is to achieve double-digit consolidated operating margins. The Company’s operating businesses are already demonstrating that earnings potential. Net income was $7.7 million and $2.7 million for fiscal 2026 and the fourth quarter of fiscal 2026, respectively. Adjusted EBITDA was $29.1 million and $9.1 million for fiscal 2026 and the fourth quarter of fiscal 2026, respectively. Excluding corporate expenses, which totaled $13.8 million and $3.8 million for fiscal 2026 and the fourth quarter of fiscal 2026, respectively, adjusted EBITDA was $42.9 million, or 9.6% of revenues, for fiscal 2026 and $12.9 million, or 10.6% of revenues, for the fourth quarter of fiscal 2026. The remaining gap principally reflects corporate expenses that support the Company’s businesses collectively, including investments in technology, people, acquisitions, and other enterprise capabilities. As EVI grows, management expects those costs to be leveraged across a larger revenue base, while continued operating improvements provide an additional path to margin expansion. Investing in People, Processes, and Technology A large component of EVI’s corporate expense is investment in technology, which totaled approximately $3.7 million during fiscal 2026. This is an ongoing program that includes configuring third-party systems, developing and deploying solutions, integrating them across the enterprise, and training the Company’s personnel. The work is directed by experienced internal teams together with outside professionals. The purpose is to put better information in the hands of EVI’s people, so they make better decisions, and to improve the quality and performance of the Company’s operations. Management views these investments as building the Company’s long-term earnings capacity rather than creating a permanent constraint on margin. Corporate expense largely reflects infrastructure that serves the Company’s businesses collectively rather than costs that scale with revenue. Much of what the technology investments fund is built once and then used across all the Company’s businesses. As sales grow, operations are further refined, and utilization of these technologies deepens across the enterprise, management expects a greater portion of incremental gross profit to flow through to earnings. Given performance at the operating level, management believes a double-digit consolidated operating margin is within the Company’s reach over time. Buy-and-Build Strategy Drives Continued Expansion During fiscal 2026, EVI completed two acquisitions, adding ASN Laundry Group in August 2025 and Belenky, Inc. in February 2026 as the 31st and 32nd commercial laundry businesses to join the EVI family. Consistent with EVI’s operating model, acquired businesses generally continue to operate under their established brands with local leadership and decision-making authority, while benefiting from the Company’s capital resources, technology investments, and operating infrastructure. The Company continues to evaluate acquisition and investment opportunities in and around the laundry industry. Mr. Nahmad commented: "Our success in acquisitions extends beyond financial results; it’s built on people, culture, and trust. We take great pride in how we engage with business owners and their teams, striving to honor their legacies and provide their employees with meaningful opportunities to grow within our organization. We believe that this approach has earned us a reputation as the acquirer of choice in the commercial laundry industry, with owners of target companies excited to become part of a value-driven company with a strong track record, a growth-oriented culture, and a deep commitment to customer satisfaction. We expect that this reputation will continue to open doors and fuel our long-term buy-and-build strategy." Building a Second High Growth Division: Consumer Garment Care Services Following the fiscal year end, on July 20, 2026, EVI announced plans to expand into the consumer garment care services industry through the establishment of a new division and its entry into a definitive agreement to acquire Miami, Florida-based Sudsies, Inc. ("Sudsies"). The acquisition of Sudsies closed on September 1, 2026, and marks EVI’s first dedicated expansion beyond the commercial laundry distribution and service industry since the Company began executing its long-term growth strategy in 2016. Sudsies serves as the foundation of EVI’s new consumer garment care division. Consumer garment care is a multibillion-dollar, essential and highly fragmented market characterized by recurring demand and thousands of independent, often family-owned businesses. EVI believes these characteristics create a compelling opportunity to build a large, highly profitable business of national scale. Sudsies provides EVI with an established foundation from which to pursue that opportunity, serving individual consumers and luxury retail partners with a differentiated emphasis on quality, convenience, and service experience. Over time, EVI intends to combine disciplined acquisitions and organic growth with investment in people, processes and technology to grow the division, improve operating performance, and create a business capable of producing meaningful earnings and cash flow. Cash Flow, Financial Strength, and Liquidity EVI generated $20.6 million in operating cash flow during fiscal 2026, including $13.4 million during the fourth quarter, an increase of 35% over the prior-year quarter. Net debt declined $11.5 million during the fourth quarter to $44.2 million as of June 30, 2026, and remained substantially unchanged compared to June 30, 2025 notwithstanding the funding of two acquisitions during the year. The Company believes its cash generation, balance sheet, and liquidity provide the financial flexibility to continue investing in organic growth, technology, acquisitions, and the development of both its commercial laundry and consumer garment care businesses, while returning capital to shareholders through dividends from time to time, recognizing however that acquisitions of greater size may require capital in addition to the Company's existing sources. Tariff Impacts EVI continues to monitor tariff developments and their potential impact on operations. In response to higher supplier and OEM costs, the Company has adjusted pricing while collaborating with suppliers on cost mitigation strategies. While trade policy remains uncertain, EVI believes the essential nature of the equipment, parts and services it provides, together with its broad customer base and supplier relationships, positions the Company to manage through changing market conditions. Looking Ahead Mr. Nahmad commented: "EVI today rests on a strong foundation: durable end markets, an entrepreneurial and decentralized operating model, deeply invested leadership, consistent cash generation, and a conservatively capitalized balance sheet. That foundation gives our businesses the freedom to think locally, act decisively, and invest for the long term. We believe there is still substantial value to unlock across commercial laundry and that consumer garment care gives us the opportunity to extend our capabilities into a complementary area of the laundry industry with significant long-term potential. We enter fiscal 2027 with greater capability, ample opportunity for growth, and a strong belief about what EVI can achieve." Earnings Call and Additional Information The Company has provided a pre-recorded earnings conference call, including a business update, which can be accessed under "Financial Info" in the "Investors" section of the Company’s website at www.evi-ind.com or by visiting https://ir.evi-ind.com/message-from-the-ceo. For additional information regarding the Company’s results for the fiscal year ended June 30, 2026, please see the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2026, as filed with the Securities and Exchange Commission on or about the date hereof. Use of Non-GAAP Financial Information In this press release, EVI discloses the non-GAAP financial measure of adjusted EBITDA, which EVI defines as earnings before interest, taxes, depreciation, amortization, and amortization of stock-based compensation. Adjusted EBITDA is determined by adding interest expense, income taxes, depreciation, amortization, and amortization of stock-based compensation to net income, as shown in the attached statement of Condensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation. EVI considers adjusted EBITDA to be an important indicator of its operating performance. Adjusted EBITDA is also used by companies, lenders, investors and others because it excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company’s capital structure, debt levels and credit ratings, and the tax positions of companies can vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. A reconciliation of adjusted EBITDA to net income, the most directly comparable financial measure calculated and presented in accordance with GAAP, is included in the financial information accompanying this press release. Adjusted EBITDA should not be considered as an alternative to net income or any other measure of financial performance or liquidity, including cash flow, derived in accordance with GAAP, or to any other method of analyzing EVI’s results as reported under GAAP. About EVI Industries EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services in the commercial laundry distribution and service industry. Through its vast sales organization, the Company provides its commercial laundry distribution and service industry customers, which include retail, commercial, industrial, institutional, and government customers, with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company’s robust network of commercial laundry technicians, the Company provides its customers with installation, maintenance, and repair services. In addition to its commercial laundry distribution and service business, the Company also provides garment care services to individual consumers and luxury retail partners through the Company’s consumer garment care services division. Safe Harbor Statement Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "should," "could," "seek," "believe," "expect," "anticipate," "estimate," "project," "intend," "strategy" and similar expressions are intended to identify forward looking statements. Forward looking statements may relate to, among other things, events, conditions, and trends that may affect the future plans, operations, business, strategies, operating results, financial position and prospects of the Company. Forward looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements of the Company, or industry trends and results, to differ materially from the future results, trends, performance or achievements expressed or implied by such forward looking statements. These risks and uncertainties include, among others, those associated with: general economic and business conditions in the United States and other countries where the Company operates or where the Company’s customers and suppliers are located; economic uncertainty, including as it relates to governmental measures such as the imposition of tariffs and their effect on the pricing and demand for, and availability of, the Company’s products, global trading markets, credit markets, industry conditions, economic conditions generally or otherwise on the Company and its business and results, including that a weakening of the U.S. dollar would result in increased costs, which in turn would negatively affect the Company’s operating results; industry conditions and trends; credit market volatility; risks related to supply chain delays and disruptions and their impact on the Company’s business and results, including the Company’s ability to deliver products and services to its customers on a timely basis; risks relating to inflation and other price increases (including due to the imposition of tariffs), and their impact on the Company’s costs and results (including that, if desired, the Company may not be able to successfully increase the price of its products and services to offset such costs, in whole or in part, and that price increases may result in reduced demand for the Company’s products and services); risks related to interest rate increases, including the impact thereof on the cost of the Company’s indebtedness and the Company’s ability to raise capital if deemed necessary or advisable; risks associated with international relations and international hostilities, and the impact thereof on economic conditions; the Company’s ability to implement its business and growth strategies and plans, including changes thereto; risks and uncertainties associated with the Company’s "buy-and-build" growth strategy, including, without limitation, that the Company may not be successful in identifying or consummating acquisitions or other strategic transactions, integration risks, risks related to indebtedness incurred by the Company in connection with the financing of acquisitions and other strategic transactions, dilution experienced by the Company’s existing stockholders as a result of the issuance of shares of the Company’s common stock in connection with acquisitions or other strategic transactions (or for other purposes), risks related to the business, results, operations and prospects of acquired businesses, risks that suppliers of the acquired business may not consent to the transaction or otherwise continue its relationship with the acquired business following the transaction and the impact that the loss of any such supplier may have on the results of the Company and the acquired business, risks that the Company’s goals or expectations with respect to acquisitions and other strategic transactions may not be met, and risks related to the accounting for acquisitions; risks related to the acquisition of Sudsies, including the risk that the contemplated benefits of the acquisition may not be achieved to the extent expected, or at all, including that the addition of Sudsies may not have a positive impact on EVI’s operating results or financial condition, and risks related to the business, results, operations and prospects of Sudsies; risks related to EVI’s new consumer garment care services division, including that EVI’s expansion into the consumer garment care services industry may not be successful, operational risks, risks related to the size of, and opportunity within, the consumer garment care services industry, including its total addressable market, risks related to EVI’s strategy for growing and scaling its consumer garment care services division, including through acquisitions and organic growth initiatives, including risks related to the applicability and success of EVI's buy-and-build strategy in the consumer garment care services industry, and the Company’s ability to realize the anticipated strategic and financial benefits of the division; risks that investments, initiatives and expenses, including, without limitation, investments in acquired businesses and strategic, optimization and technology initiatives (including those described in this press release), and other investments, initiatives and expenses, may not result in the benefits anticipated, including that they may not have a positive impact on the Company’s margins or other results to the extent anticipated or at all, and they may be more costly than anticipated; the Company’s corporate expenses may increase, including in proportion to revenue or otherwise beyond the level anticipated; the impact of measures which the Company may take from time to time in connection with its expansion efforts and pursuit of market share growth, including that they may not be successful and may adversely impact the Company’s gross margin and other financial results; technology changes; competition, including the Company’s ability to compete effectively and the impact that competition may have on the Company and its results, including the prices which the Company may charge for its products and services and on the Company’s profit margins, and competition for qualified employees; risks relating to the Company’s relationships with its principal suppliers and customers, including the impact of the loss of any such relationship; risks related to the Company’s indebtedness; the availability, terms and deployment of debt and equity capital if needed for expansion or otherwise; risks of cybersecurity threats or incidents, including the potential misappropriation or use of assets or confidential information, corruption of data or operational disruptions; and that dividends may not be paid in the future. Reference is also made to the other economic, competitive, governmental, technological and other risks and factors discussed in the Company’s filings with the SEC, including, without limitation, in the "Risk Factors" section of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2026. Many of these risks and factors are beyond the Company’s control. Further, past performance and perceived trends may not be indicative of future results. The Company cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. The Company does not undertake to, and specifically disclaims any obligation to, update, revise or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law. The following table reconciles net income, the most comparable GAAP financial measure, to Adjusted EBITDA. View source version on businesswire.com: https://www.businesswire.com/news/home/20260908396530/en/ Contacts EVI Industries, Inc.4500 Biscayne Blvd., Suite 340Miami, Florida 33137(305) 402-9300 Henry M. NahmadChairman and CEO(305) 402-9300 Craig EttelmanDirector of Finance and Investor Relations(305) [email protected]

Shares of EVI Industries, Inc. EVI have declined 15.8% since the company reported results for the quarter ended March 31, 2026, underperforming the S&P 500 Index, which was essentially flat over the same period. Over the past month, EVI shares have fallen 20.8% compared to a 5% gain for the broader market. EVI reported third-quarter fiscal 2026 net income of 5 cents per share, which declined from 7 cents per share in the prior-year quarter. Revenues of $101.1 million denoted an 8% rise from $93.5 million in the year-ago quarter, while gross profit rose 17% to a record $32.8 million. Gross margin expanded to a record 32.5% from 30% a year earlier. However, net income declined to $0.8 million from $1 million in the prior-year quarter. Operating income was essentially flat at $2.3 million, while adjusted EBITDA increased 11% to $5.6 million. EVI Industries, Inc. price-consensus-eps-surprise-chart | EVI Industries, Inc. Quote The company attributed its revenue growth primarily to contributions from acquired businesses, market-share gains and expanded service capabilities. Despite weather-related disruptions and delays in customer facility readiness and installations, EVI still delivered record quarterly revenues. Management noted that many delayed projects remain in the backlog and are expected to be fulfilled in future periods. Operational modernization initiatives continued to gain traction during the quarter. Service appointments supported by the company’s field service platform increased approximately 9% sequentially to more than 27,500 appointments across more than 10,600 customers. Technician productivity, measured by jobs completed per technician per day, improved 3%. Management said that these improvements reflect stronger operational execution and customer engagement. EVI also highlighted recurring revenue opportunities within its installed customer base. Premier Chemical Solutions, a division focused on chemicals and detergents for commercial laundry operations, increased sales revenues by 49% during the first nine months of fiscal 2026. The division added roughly 12 new customer accounts per month while maintaining customer attrition below 1%. Management believes the business demonstrates the company’s ability to generate higher-margin repeat purchasing activity with limited incremental acquisition costs. Chairman and CEO Henry Nahmad said that EVI is entering a new phase centered on operational optimization and enterprise-wide coordination after years of expansion through acquisitions. The company has substantially completed deployment of its enterprise resource planning system, field service platform and business intelligence capabilities, which management believes will improve scalability, efficiency and customer responsiveness. Nahmad said that investments in technology, inventory management and operational coordination are intended to improve operating leverage and long-term profitability. Management also pointed to declining sequential selling, general and administrative expenses, which fell approximately $0.7 million from the second fiscal quarter despite costs related to the acquisition of Belenky, Inc. Inventory levels increased during the quarter to support confirmed customer sales orders, including larger industrial projects expected to be delivered in the fourth fiscal quarter. Inventory was also affected by manufacturer price increases tied to tariffs and inflation, as well as proactive purchasing actions ahead of anticipated pricing changes. Approximately 65% of equipment inventory across the company’s four operating regions was allocated to confirmed customer sales contracts. As of March 31, 2026, cash totaled $4.3 million compared with $8.9 million as of June 30, 2025. Inventories increased to $80.2 million from $66.1 million, while long-term debt rose to $60 million from $53 million. Net cash provided by operating activities for the first nine months of fiscal 2026 was $7.2 million, down from $11.3 million in the prior-year period. During the quarter, EVI completed the acquisition of Belenky, Inc., an Akron, Ohio-based distributor of commercial laundry products and related services. The transaction marked the 32nd commercial laundry business acquired by EVI since the launch of its buy-and-build strategy. Management said that the acquisition expands the company’s presence in Ohio and aligns with its strategy of maintaining local leadership while leveraging EVI’s operational infrastructure and technology investments. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EVI Industries, Inc. (EVI): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Record revenue and gross profit reflect continued enterprise growth and progress in operational optimization, customer engagement, and long-term scalability initiatives. MIAMI, May 11, 2026--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the third quarter of the fiscal year ending June 30, 2026. The Company also provided updates on its long-term growth strategy and ongoing operational optimization, process improvement, and enterprise-wide coordination initiatives intended to improve scalability, efficiency, customer experience, and long-term operating performance. Since commencing the execution of its long-term growth strategy in 2016, EVI has evolved from a single-location business in Florida with 32 employees into a leading North American commercial laundry distribution and service enterprise encompassing 32 businesses and approximately 900 associates, including more than 200 sales professionals and over 425 service personnel. Through disciplined acquisitions, operational investment, and the continued expansion of its service and infrastructure capabilities, EVI has generated compounded annual growth rates of approximately 29% in revenue, 15% in net income, and 26% in adjusted EBITDA over such ten-year period. During this period, the Company has also focused on improving the quality and profitability of its revenue base, contributing to gross margin expansion from approximately 23% in fiscal 2019 to 32.5% and 31.5% for the three and nine-month periods ended March 31, 2026, respectively. As EVI’s enterprise has expanded, management’s focus has increasingly shifted toward operational optimization across the enterprise. The Company has substantially completed the deployment of its ERP system, field service platform, and business intelligence capabilities, which management believes provide the operational visibility and data-driven insight necessary to support a new phase focused on process improvement, operational coordination, and enterprise-wide efficiency initiatives. Management aims to improve coordination both upstream with manufacturers and supply chain partners and downstream with customers in an effort to reduce operational redundancies, increase labor utilization, enhance customer responsiveness, improve inventory efficiency, and create additional opportunities to expand market share and repeat customer purchasing activity over time. Management believes these initiatives position EVI to improve operating leverage, profitability, and long-term cash flow generation as the enterprise continues to mature. While revenues for the third fiscal quarter were adversely affected by disruptions associated with severe weather conditions and delays in customer facility readiness, delivery, and installation schedules, EVI nonetheless delivered record revenues for both the three and nine-month periods ended March 31, 2026, reflecting the Company’s expanded operating enterprise, contributions from acquired businesses, and continued market share gains. During the quarter, the Company also continued advancing operational modernization and process improvement initiatives focused on customer experience, coordination, working capital efficiency, and scalable infrastructure. Management believes these initiatives are strengthening EVI’s operating foundation and positioning the enterprise to improve long-term operating leverage, repeat customer revenue generation, and profitability. Third Fiscal Quarter Performance Compared to the three months ended March 31, 2025 Revenue increased 8% to a record $101.1 million, Gross Profit increased 17% to a record $32.8 million, representing a record gross margin of 32.5%, Operating Income remained flat at $2.3 million, Net Income was $0.8 million compared to $1.0 million, and Adjusted EBITDA increased 11% to $5.6 million, or 5.5% of revenue. Nine-Months Performance Compared to the nine months ended March 31, 2025 Revenue increased 16% to a record $324.7 million, Gross Profit increased 21% to a record $102.2 million, representing a record gross margin of 31.5%, Operating Income increased 4% to $10.1 million, Net Income was $5.0 million compared to $5.4 million, and Adjusted EBITDA increased 12% to a record $20.0 million, or 6.2% of revenue. Revenue for the third fiscal quarter and nine-month period reached record levels, driven primarily by contributions from acquired businesses and supported by ongoing initiatives to expand market share, strengthen customer relationships, and enhance service capabilities across the enterprise. Selling, general and administrative expenses decreased approximately $0.7 million compared to the second fiscal quarter, all of which was the result of a decrease in general and administrative expenses, notwithstanding the inclusion of one month of expenses associated with the acquisition of Belenky, Inc. Management believes these improvements reflect increasing operating discipline, process improvements, facility consolidation efforts, and technology-enabled coordination initiatives designed to improve scalability, efficiency, and long-term operating leverage across the enterprise. Henry Nahmad, Chairman and Chief Executive Officer, commented: "Over the past decade, EVI has built a significantly larger and more capable enterprise through disciplined acquisitions, operational investment, and a long-term commitment to customer service. As our enterprise continues to mature, we believe we are entering a new phase focused on operational optimization, process improvement, and enterprise-wide coordination initiatives intended to improve scalability, efficiency, customer experience, and long-term operating performance." Mr. Nahmad continued, "While certain factors affected the pace at which revenue was fulfilled during the quarter, we continued to make encouraging progress strengthening the quality and economics of the enterprise. We believe our investments in technology, field service operations, business intelligence capabilities, inventory management, and operational coordination are positioning EVI to improve operating leverage, enhance customer engagement, expand repeat purchasing activity across our installed customer base, and generate increasing long-term value over time." Customer Experience, Field Service Technology and Modernization Initiatives The Company continues to invest in operational modernization initiatives intended to improve the customer experience and strengthen operational coordination across the enterprise and the Company’s supply chain. As these technologies become more broadly deployed and utilized across the organization, management is increasingly focused on process improvement and operational execution intended to enhance efficiency, scalability, and customer engagement. During the quarter, the Company continued expanding the use of its field service technologies and integrated analytics capabilities, which management believes are contributing to measurable operational improvements and stronger customer engagement. Total service appointments supported by the field service platform increased approximately 9% compared to the second fiscal quarter to more than 27,500 appointments across more than 10,600 customers, while technician productivity, measured by jobs completed per technician per day, improved 3%. Management believes EVI’s recurring customer relationships are an important component of the Company’s long-term growth opportunity. Over 75% of customers that purchased parts during the quarter had purchased from EVI within the last three years, which management believes demonstrates the recurring nature of many customer relationships, the importance of EVI’s service organization, and the value of the Company’s installed equipment knowledge. Organic Growth and Recurring Revenue Opportunities The Company continues to identify opportunities to create repeat customer revenue opportunities across its growing customer base. One example is Premier Chemical Solutions; a division developed within one of the Company’s 32 business units to serve customer demand for chemicals and detergents used in commercial laundry operations. Consistent with EVI’s entrepreneurial culture, local leadership identified the opportunity and organized dedicated management, sales, and service resources to support its growth. For the nine months ended March 31, 2026, Premier Chemical Solutions increased chemical and detergent sales revenue by 49% compared to the same period of the prior fiscal year. The division has added approximately 12 new customer accounts per month during the fiscal year, while maintaining customer attrition below 1.0%. Management believes these results demonstrate EVI’s ability to leverage its customer relationships, installed equipment knowledge, service organization, and local market presence to expand higher-margin repeat purchasing activity with relatively limited incremental customer acquisition costs and capital investment. Importantly, Premier Chemical Solutions currently operates within only one of EVI’s 32 business units, and management believes broader cross-selling opportunities may exist across the Company’s broader installed customer base. Working Capital and Financial Strength Inventory balances increased during the quarter, reflecting higher working capital investment associated with confirmed customer sales order contracts, including certain larger industrial projects anticipated to be delivered during the fourth fiscal quarter. Inventory balances also increased due in part to manufacturer price increases associated with rising costs and tariffs, as well as the Company’s decision to purchase certain equipment inventory in advance of anticipated pricing actions and customer delivery requirements. Across the Company’s four operating regions, excluding the Company’s master distributor operations, approximately 65% of equipment inventory is currently allocated to confirmed customer sales order contracts, which management believes demonstrates that a substantial portion of inventory is tied to identified customer demand and future revenue fulfillment. As part of the Company’s broader operational optimization efforts, management continues to focus on improving demand planning, inventory visibility, and coordination with OEM and supply chain partners in an effort to enhance procurement and fulfillment efficiency, improve working capital management, and support more consistent long-term operating cash flow generation. EVI continues to operate from a position of financial strength and flexibility, with a balance sheet and liquidity profile that management believes supports continued investment in technology, service capabilities, organic growth opportunities, working capital, and acquisition activity. Buy-and-Build Growth Strategy During the quarter, EVI completed the acquisition of Belenky, Inc., an Akron, Ohio-based distributor of commercial laundry products and provider of related installation and maintenance services. Belenky represents the 32nd commercial laundry business to join the EVI family and further expands the Company’s presence in Ohio. Consistent with EVI’s entrepreneurial operating model, acquired businesses generally operate with local leadership and decision-making authority while benefiting from the Company’s capital resources, technology investments, operating infrastructure, and strategic support. EVI believes preserving the relationships, culture, and market expertise of acquired businesses is an important component of long-term value creation. The Company continues to evaluate acquisition and investment opportunities in and around the commercial laundry industry. Management believes EVI’s reputation, long-term approach to enterprise building, operational experience, and credibility as a disciplined and trusted acquirer position the Company to continue pursuing attractive growth opportunities. Earnings Call and Additional Information The Company has provided a pre-recorded earnings conference call, including a business update, which can be accessed under "Financial Info" in the "Investors" section of the Company’s website at www.evi-ind.com or by visiting https://ir.evi-ind.com/message-from-the-ceo. For additional information regarding the Company’s results for the quarter ended March 31, 2026, please see the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, as filed with the Securities and Exchange Commission on or about the date hereof. Use of Non-GAAP Financial Information In this press release, EVI discloses the non-GAAP financial measure of adjusted EBITDA, which EVI defines as earnings before interest, taxes, depreciation, amortization, and amortization of stock-based compensation. Adjusted EBITDA is determined by adding interest expense, income taxes, depreciation, amortization, and amortization of stock-based compensation to net income, as shown in the attached statement of Condensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation. EVI considers adjusted EBITDA to be an important indicator of its operating performance. Adjusted EBITDA is also used by companies, lenders, investors and others because it excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company’s capital structure, debt levels and credit ratings, and the tax positions of companies can vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. Adjusted EBITDA should not be considered as an alternative to net income or any other measure of financial performance or liquidity, including cash flow, derived in accordance with GAAP, or to any other method of analyzing EVI’s results as reported under GAAP. About EVI Industries EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. Through its vast sales organization, the Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company’s robust network of commercial laundry technicians, the Company provides its customers with installation, maintenance, and repair services. The Company’s customers include retail, commercial, industrial, institutional, and government customers. Purchases made by customers range from parts and accessories to single or multiple units of equipment, to large complex systems as well as the purchase of the Company’s installation, maintenance, and repair services. Safe Harbor Statement Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "should," "could," "seek," "believe," "expect," "anticipate," "estimate," "project," "intend," "strategy" and similar expressions are intended to identify forward looking statements. Forward looking statements may relate to, among other things, events, conditions, and trends that may affect the future plans, operations, business, strategies, operating results, financial position and prospects of the Company. Forward looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements of the Company, or industry trends and results, to differ materially from the future results, trends, performance or achievements expressed or implied by such forward looking statements. These risks and uncertainties include, among others, those associated with: general economic and business conditions in the United States and other countries where the Company operates or where the Company’s customers or suppliers are located; economic uncertainty, including as it relates to governmental measures such as tariffs, including legislation and judicial decisions with respect thereto, and their effect on the pricing and demand for, and availability of, the Company’s products, global trading markets, credit markets, industry conditions, economic conditions generally or otherwise on the Company and its business and results; currency exchange fluctuations, including that a weakening of the U.S. dollar would result in increased costs, which in turn would negatively affect the Company’s operating results; industry conditions and trends; credit market volatility; risks related to supply chain delays and disruptions and their impact on the Company’s business and results, including the Company’s ability to deliver products and services to its customers on a timely basis; risks relating to inflation and other price increases (including due to the imposition of tariffs), and their impact on the Company’s costs and results (including that, if desired, the Company may not be able to successfully increase the price of its products and services to offset such costs, in whole or in part, and that price increases may result in reduced demand for the Company’s products and services); risks related to interest rate increases, including the impact thereof on the cost of the Company’s indebtedness and the Company’s ability to raise capital if deemed necessary or advisable; risks associated with international relations and international hostilities, including any escalation or worsening thereof, and their impact on economic conditions; the Company’s ability to implement its business and growth strategies and plans, including changes thereto; risks and uncertainties associated with the Company’s "buy-and-build" growth strategy, including, without limitation, that the Company may not be successful in identifying or consummating acquisitions or other strategic transactions, integration risks, risks related to indebtedness incurred by the Company in connection with the financing of acquisitions and other strategic transactions, dilution experienced by the Company’s existing stockholders as a result of the issuance of shares of the Company’s common stock in connection with acquisitions or other strategic transactions (or for other purposes), risks related to the business, results, operations and prospects of acquired businesses, risks that suppliers of the acquired business may not consent to the transaction or otherwise continue its relationship with the acquired business following the transaction and the impact that the loss of any such supplier may have on the results of the Company and the acquired business, risks that the Company’s goals or expectations with respect to acquisitions and other strategic transactions may not be met, and risks related to the accounting for acquisitions; risks that initiatives and investments, including, without limitation, investments in acquired businesses and technology and modernization initiatives (including customer service, process improvement, working capital optimization and other initiatives and investments described in this press release), may not result in the benefits anticipated; sales contracts, including for parts and equipment held in inventory, and projects may not be completed when expected; the Company’s sales of chemicals and detergents may not expand as anticipated or at all, and may not be indicative of other potential value creation opportunities; the impact of measures which the Company may take from time to time in connection with its expansion efforts and pursuit of market share growth, including that they may not be successful and may adversely impact the Company’s gross margin and other financial results; technology changes; competition, including the Company’s ability to compete effectively and the impact that competition may have on the Company and its results, including the prices which the Company may charge for its products and services and on the Company’s profit margins, and competition for qualified employees; risks relating to the Company’s relationships with its principal suppliers and customers, including the impact of the loss of any such relationship; risks related to the Company’s indebtedness; the availability, terms and deployment of debt and equity capital if needed for expansion or otherwise; and risks of cybersecurity threats or incidents, including the potential misappropriation or use of assets or confidential information, corruption of data or operational disruptions. Reference is also made to the other economic, competitive, governmental, technological and other risks and factors discussed in the Company’s filings with the SEC, including, without limitation, in the "Risk Factors" section of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025. Many of these risks and factors are beyond the Company’s control. Further, past performance and perceived trends may not be indicative of future results. The Company cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. The Company does not undertake to, and specifically disclaims any obligation to, update, revise or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law. EVI Industries, Inc. Condensed Consolidated Results of Operations (in thousands, except per share data) EVI Industries, Inc. Condensed Consolidated Balance Sheets (in thousands, except per share data) EVI Industries, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) EVI Industries, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) The following table reconciles net income, the most comparable GAAP financial measure, to Adjusted EBITDA. EVI Industries, Inc. Condensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation (in thousands) View source version on businesswire.com: https://www.businesswire.com/news/home/20260511944629/en/ Contacts EVI Industries, Inc. Henry M. Nahmad Chairman and CEO (305) 402-9300 Craig Ettelman Director of Finance and Investor Relations (305) 402-9300 [email protected]

This article first appeared on GuruFocus. Release Date: May 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EVI Industries Inc (EVI) achieved record financial results, including record revenue, gross profit, and gross margin for the three and nine-month periods ended March 31. The company has transformed from a single-location business in Florida to a leading commercial laundry distribution and service enterprise in North America, with 32 businesses and approximately 900 associates. EVI Industries Inc (EVI) has generated compounded annual growth rates of approximately 29% in revenue, 15% in net income, and 26% in adjusted EBITDA since 2016. The deployment of ERP systems, field service platforms, and business intelligence capabilities has improved operational visibility and efficiency across the organization. The acquisition strategy remains active, with the recent acquisition of Balenki, marking the 32nd business to join the EVI enterprise. Revenue fulfillment was affected by severe weather conditions, customer facility readiness delays, and installation timing issues during the quarter. Inventory levels increased due to customer project timing and proactive purchasing actions, which could impact working capital management. Despite improvements, there are still challenges in achieving optimal demand planning and inventory visibility. The pace of operational optimization and enterprise-wide coordination initiatives may take time to fully realize intended benefits. There is a reliance on acquisitions for growth, which may pose integration challenges and require significant resources. Warning! GuruFocus has detected 5 Warning Signs with EVI. Is EVI fairly valued? Test your thesis with our free DCF calculator. Q: Can you elaborate on the factors that contributed to the record financial results for the quarter? A: Henry Nahmid, Chairman and CEO, explained that the record financial results were driven by the continued expansion of EVI's enterprise, enduring demand for their products and services, and the value delivered to customers across North America. The company has transformed significantly over the past decade, growing from a single-location business to a leading commercial laundry distribution and service enterprise with 32 businesses and approximately 900 associates. Q: How has EVI's gross margin evolved over recent years? A: Henry Nahmid noted that EVI has significantly improved its gross margin from approximately 23% in fiscal 2019 to 32.5% and 31.5% for the three and nine-month periods ended March 31, respectively. This improvement reflects the company's strategic growth and operational enhancements. Q: What operational improvements have been made to support EVI's growth? A: Henry Nahmid highlighted that EVI has completed the deployment of its ERP system, field service platform, and business intelligence capabilities. These investments provide greater operational visibility and data-driven insights, improving coordination, process execution, inventory management, labor utilization, and overall operational efficiency. Q: How is EVI addressing the temporary disruptions in revenue fulfillment? A: Henry Nahmid stated that the disruptions were due to severe weather conditions, customer facility readiness delays, and installation timing issues. However, these factors do not indicate a decline in customer demand, as many projects were delayed rather than lost. A significant portion of the affected orders remains in backlog and is expected to be fulfilled in future periods. Q: What is the status of EVI's acquisition strategy? A: Henry Nahmid confirmed that EVI's acquisition strategy remains highly active. During the quarter, they completed the acquisition of Balenki, marking the 32nd business to join the EVI enterprise. The company continues to evaluate attractive acquisition and investment opportunities within and around the commercial laundry industry. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Shares of EVI Industries, Inc. EVI have declined 10.4% since the company reported its earnings for the quarter ended Dec. 31, 2025, underperforming the S&P 500 index, which slipped just 0.1% over the same period. Over the past month, EVI stock has declined 17.1%, again lagging the broader market’s modest 0.4% decline, reflecting a sharply negative investor reaction despite what the company described as record quarterly results. For the second fiscal quarter, EVI Industries reported earnings per share of 15 cents, which rose from 7 cents in the prior-year period. Revenues increased 24% year over year to a record $115.3 million. Gross profit jumped 29% to $35.5 million, translating to a record gross margin of 30.8% compared to 29.7% a year earlier. Operating income surged 78% year over year to $4.2 million, while net income more than doubled, rising 110% to $2.4 million. Adjusted EBITDA for the quarter came in at $7.7 million, up 49% from $5.1 million, representing 6.6% of revenues. EVI Industries, Inc. price-consensus-eps-surprise-chart | EVI Industries, Inc. Quote CEO Henry M. Nahmad emphasized the long-term vision and transformation of EVI into a national leader in the commercial laundry space. He credited strategic investments in people, technology and operational efficiency for strengthening the company’s foundation. He also reiterated the company’s commitment to its buy-and-build strategy, highlighting a 10-year track record of 30% compound annual revenue growth and 16% net income growth. Nahmad described EVI’s approach as “disciplined execution and thoughtful capital deployment,” reflecting confidence in the company's scalability and resilience. EVI continued to advance modernization efforts during the quarter, particularly in its service operations. The company reported a 13% improvement in average service response time over the past year, driven by field service technology that facilitated nearly 9,000 service appointments during the quarter. Expanded technician utilization analytics and real-time remote support tools were also cited as contributors to improved service consistency and margins. Additionally, analytics-driven inventory and procurement tools are being deployed across over 15,000 SKUs, aimed at improving demand planning and reducing order latency. Management sees these systems as critical to enhancing operating efficiency and managing working capital as the business scales further. As of Dec. 31, 2025, EVI Industries reported cash of $4.3 million, down from $8.9 million as of June 30, 2025. Total assets stood at $315.6 million, while total liabilities were $171.7 million, including $58 million in long-term debt. Shareholders’ equity totaled $144 million, reflecting a stable capital base amid continued investment and acquisition activity EVI reported continued activity on the acquisition front, reinforcing its role as a consolidator in the fragmented commercial laundry distribution industry. Although no new acquisitions were announced during the quarter, the company noted it is actively evaluating additional targets and exploring partnerships aimed at expanding Continental’s product offerings. Cash flow from operations was positive at $5.1 million for the six-month period ended Dec. 31, 2025, despite a planned $12 million inventory buildup linked to customer sales orders in backlog. The company also paid a $5 million dividend and made the final payment on the Continental acquisition. Liquidity remains solid, with access to low-cost capital and working capital strength supporting future investments and acquisition efforts. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EVI Industries, Inc. (EVI): Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Record Q2 results: Revenue rose 24% year‑over‑year to $115 million with gross margin near 31%, Adjusted EBITDA up 49% to $7.7 million, and net income up 110% to 2.1% of revenue (first six months revenue +20% to >$223M). Management is investing in data‑driven modernization—field service technology, operational analytics and inventory tools—which cut average response time ~13%, supported ~9,000 service appointments, and is expected to improve service margins and scalability despite near‑term higher operating expenses. Buy‑and‑build strategy: EVI continues acquisitive growth (including Continental), generated positive operating cash flow while funding a ~$12M inventory buildup and a ~$5M dividend, and says it retains strong liquidity and access to low‑cost capital to pursue further acquisitions. Interested in EVI Industries, Inc.? Here are five stocks we like better. EVI Industries (NYSEAMERICAN:EVI) reported what Chairman and CEO Henry Nahmad described as “another set of record results” for the second quarter of fiscal 2026, citing record revenue, gross profit, and operating profit, alongside continued investment in modernization and operational initiatives intended to improve long-term scalability and efficiency. In prepared remarks, Nahmad also highlighted the company’s growth since launching its long-term strategy in 2016, saying EVI has expanded from a single Florida location with 31 employees into a North American commercial laundry distribution and service enterprise consisting of 31 businesses and more than 900 associates. → Once Upon A Farm: Buy the $1B Growth Story? For the second quarter, EVI said revenue increased 24% year-over-year to $115 million. Nahmad attributed the increase primarily to contributions from acquired businesses, while noting legacy operations also contributed. Gross margin expanded to nearly 31%, which management attributed to favorable product mix, pricing discipline, and the benefits of strategic acquisitions, including Continental. Nahmad said net income increased 110% to 2.1% of revenues, while Adjusted EBITDA increased 49% to $7.7 million, or 6.6% of revenue. → Verizon: Your Total Return Leader for 2026 Might Be Hiding in Plain Sight For the first six months of the fiscal year, EVI reported revenue increased 20% to more than $223 million, with gross margin expanding to 31%. Nahmad said the company generated positive operating leverage on a consolidated basis compared to the prior-year period, but added that operating margin expansion was pressured by higher operating expenses tied to ongoing investments. Those costs were associated with technology, modernization, service capability expansion, integration activities, and organizational infrastructure. → 3 ETFs Designed to Survive the Next Market Crash Management emphasized modernization as a “central focus,” describing continued deployments of data-driven operational systems aimed at improving service execution, decision support, and scalability. Key initiatives and metrics cited on the call included: Field service technology: EVI said investments strengthened scheduling and responsiveness, contributing to an approximately 13% improvement in average response time over the past 12 months. Service volume: The company’s platform supported just under 9,000 service appointments during the quarter, which management said was consistent with normal seasonal patterns. Operational dashboards and analytics: EVI said it expanded technician utilization analytics and dashboards to improve visibility into productivity, utilization, and monetization, supporting staffing, scheduling, pricing, and margin management. Inventory and procurement tools: The company said it continued investing in analytics-driven tools across more than 15,000 SKUs sold over the last 12 months ended Dec. 31, 2025, with the goal of improved inventory controls, demand planning, and coordination from order capture through service delivery. Nahmad said these initiatives have already contributed to improved service margins as adoption scales and are expected to support operating efficiency, working capital management, and long-term margin potential as EVI grows. Nahmad reiterated EVI’s “buy and build” strategy and characterized the company as a “highly regarded acquirer” with an entrepreneurial culture. He said EVI continues to evaluate a robust pipeline of acquisition opportunities. Alongside M&A, management said it is pursuing select strategic initiatives to expand Continental’s product portfolio and deepen relationships with OEM partners seeking consistent access to customers across North America. Nahmad also said the company is taking a broader view of growth, evaluating opportunities “in and around the laundry ecosystem” that can be supported by EVI’s existing operations, relationships, and distribution reach. EVI said it continues to operate from a position of balance sheet strength and financial flexibility, generating positive operating cash flow during both the three- and six-month periods ended Dec. 31, 2025. Management noted that operating cash flow was impacted by a planned inventory buildup of approximately $12 million to support confirmed customer sales orders in the company’s backlog. Cash flow was also affected by capital allocation decisions, including the payment of an approximately $5 million cash dividend and the final purchase price payment related to the Continental acquisition. Despite those uses of cash, Nahmad said the company maintains strong liquidity, solid working capital, and access to low-cost capital, which he said provides flexibility to continue investing, pursue disciplined growth initiatives, and execute the company’s acquisition strategy. In closing remarks, Nahmad pointed to continued demand for the products and services EVI provides and said the company is investing deliberately to build “the foundation for long-term scalability, efficiency, and profitability.” He added that the company remains confident in its strategy and “well-positioned to continue delivering durable value for our customers, employees, and shareholders.” EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems. The article "EVI Industries Q2 Earnings Call Highlights" was originally published by MarketBeat.