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EVI Industries, Inc. reports news on its commercial laundry distribution and service business in North America. The company sells, leases, installs, maintains and repairs commercial laundry equipment used in washing, drying, finishing, material handling, water heating, power generation and water reuse applications.
Recurring updates cover operating results, its buy-and-build acquisition strategy, completed acquisitions such as Belenky and ASN Laundry Group, technology and operating-system investments, OEM representation, balance-sheet and dividend actions, and investor conference participation. News also describes how acquired distributors continue to operate within EVI’s commercial laundry service network.
EVI Industries (EVI) will participate in the 25th Annual D.A. Davidson Diversified Industrials & Services Conference in Nashville, TN on Thursday, September 24, 2026, where Chairman and CEO Henry M. Nahmad will host one-on-one meetings.
The company describes itself as a founder-led, multi-division enterprise across the broader laundry industry and operates North America’s largest value-added commercial laundry distribution and service business. EVI recently created a consumer garment care services division, with Sudsies as its foundational business. Since 2016, EVI has completed 33 acquisitions and grown annual revenue from approximately $36 million to a record $447 million in fiscal 2026. Over the same period, revenue, net income, and adjusted EBITDA have compounded at approximately 29%, 16%, and 26%, respectively, while maintaining what the company describes as a conservatively capitalized balance sheet that supports continued investment and acquisitions.
EVI Industries (EVI) reported record results for fiscal 2026 and the fourth quarter, driven by growth in commercial laundry and the launch of a consumer garment care division.
For fiscal 2026, revenue rose 15% to a record $446.6 million, gross profit increased 19% to $140.7 million with a record 31.5% margin, operating income grew 14% to $15.7 million, and net income rose 3% to $7.7 million. Adjusted EBITDA increased 16% to $29.1 million (6.5% of revenue). Operating cash flow was $20.6 million and net debt was $44.2 million.
In Q4, revenue climbed 11% to $121.9 million, net income rose 31% to $2.7 million, and adjusted EBITDA grew 26% to $9.1 million (7.5% margin). EVI completed two commercial laundry acquisitions during the year and closed the acquisition of Sudsies on September 1, 2026, forming a new consumer garment care services division. Management continues to target double-digit consolidated operating margins over time.
EVI Industries (EVI) completed its acquisition of Miami-based Sudsies and launched a new consumer garment care services division with Sudsies as its foundation.
This marks EVI’s first expansion beyond commercial laundry distribution and service since 2016. Since then, EVI has acquired 32 commercial laundry businesses and expanded from about $36 million in annual revenue to nearly $435 million for the twelve months ended March 31, 2026, a compound annual growth rate of approximately 29%. Sudsies, founded in 1996 and positioned as a premier South Florida garment care provider, will continue to operate under its existing brand, led by founders Jason Loeb and Jorge Baboun and President Luis Moreno. Management intends Sudsies to be the base of a larger, potentially national consumer garment care enterprise and expects the transaction to be accretive to EVI’s earnings for the fiscal year ending June 30, 2027, while reaffirming its ongoing commitment to its core commercial laundry business.
EVI Industries (NYSE American: EVI) announced that its Board of Directors has approved a share repurchase program authorizing the repurchase of up to $10.0 million of outstanding common stock. Repurchases may be made at management’s discretion, have no expiration date, and the program can be modified, suspended, or terminated by the Board.
EVI Industries (NYSE American: EVI) plans to expand beyond commercial laundry distribution and service by creating a new consumer garment care division and has signed a definitive agreement to acquire Miami-based Sudsies, Inc., which is expected to form the foundation of this division upon closing.
According to EVI, Sudsies generated about $21.7 million revenue, $4.7 million operating income, and $5.7 million EBITDA for the twelve months ended June 30, 2026, with multi-year double-digit growth. EVI will keep Sudsies’ brand and leadership, remain committed to its core commercial segment, and expects the transaction to be accretive to earnings in the fiscal year ending June 30, 2027, subject to customary closing conditions.
EVI Industries (NYSE American:EVI) announced that Chairman and CEO Henry M. Nahmad will present at the Baird Global Consumer, Technology & Services Conference at the InterContinental New York Barclay on Wednesday, June 3, 2026.
He will also host one-on-one investor meetings that day.
EVI (NYSE American:EVI) reported record third-quarter and nine-month fiscal 2026 results. Q3 revenue rose 8% to $101.1 million and gross profit grew 17% to $32.8 million, with a record 32.5% gross margin. Adjusted EBITDA increased 11% to $5.6 million, while net income was $0.8 million.
For the nine months ended March 31, 2026, revenue increased 16% to $324.7 million and gross profit rose 21% to $102.2 million, with a 31.5% gross margin. EVI completed the Belenky acquisition, expanded field service activity, and grew Premier Chemical Solutions revenue 49%, while net income declined modestly.
EVI (NYSE American: EVI) completed the acquisition of Akron, Ohio-based Belenky on March 2, 2026, adding the 32nd commercial laundry business to its platform. Belenky will continue operating under its existing name and facility with its leadership team and 17 employees, and consideration was paid in cash.
The acquisition expands EVI's Ohio footprint and is intended to leverage EVI technologies and operating systems to improve Belenky's efficiency, scalability, and customer experience.
EVI (NYSE American: EVI) reported record second-quarter results for the fiscal quarter ended December 31, 2025, with revenue up 24% to $115.3M, gross profit up 29% to $35.5M (30.8% gross margin), operating income up 78% to $4.2M, net income up 110% to $2.4M, and adjusted EBITDA up 49% to $7.7M (6.6% of revenue).
The company cited continued contributions from acquisitions, record twelve‑month revenue above $425M, and investments in technology, field service modernization, inventory systems, and integration tied to its buy‑and‑build strategy.
EVI (NYSE American: EVI) reported record Q1 FY2026 revenue of $108.0M (up 16% YoY) and record gross profit $33.9M (up 17%) with consolidated gross margin at a record 31.3%. The quarter included four acquisitions completed since prior-year, including the largest in company history, and investments in modernization, integration, and technology that reduced short-term operating leverage.
Key operational metrics: net income $1.8M (1.7% of revenue), adjusted EBITDA $6.8M (6.2% margin), net debt of $46.3M, and a one-time $5.0M special cash dividend ($0.33 per share) paid Oct 6, 2025. Technology deployments showed growth (≈9,000 field service appointments in Sept 2025).