EVI Industries Reports Record Fiscal Year Performance with Strong Revenue, Gross Margin Growth
EVI Industries reported record financial results for fiscal year 2026, achieving $447 million in revenue and a gross margin of 31.5%. The company highlighted strong operating leverage, particularly in its commercial laundry operations where adjusted EBITDA margins exceeded 10% before corporate expenses. EVI completed three acquisitions during the year, including Sudsies, which helped establish a new consumer garment care division. Management expressed confidence in further growth opportunities within the fragmented market while maintaining disciplined deal selection. The company also emphasized its focus on technology investments to enhance operational efficiency and customer service across local businesses. Despite these expansions, EVI maintained solid cash generation with $21 million in operating cash flow and ended the year with approximately $44 million in net debt.
Tickers: $EVI