EVI Industries, Inc.

EVI Industries Reports Record Results for the Fiscal Fourth Quarter and Fiscal 2026, Including Record Revenue, Gross Profit, and Operating Income

EVI Industries closed fiscal 2026 with record results: revenue rose 15% to $446.6 million, gross profit rose 19% to $140.7 million at a record 31.5% margin, and adjusted EBITDA rose 16% to $29.1 million. The fourth quarter showed the operating leverage story: on 11% revenue growth to a record $121.9 million, operating income rose 37%, net income rose 31% to $2.7 million, and adjusted EBITDA rose 26% to $9.1 million, while $13.4 million of Q4 operating cash flow cut net debt by $11.5 million to $44.2 million. Growth remained acquisition-driven: EVI added ASN Laundry Group and Belenky, Inc. during the year and closed its Sudsies acquisition on September 1, 2026, founding a consumer garment care services division — its first expansion beyond commercial laundry since 2016. Management is targeting a double-digit consolidated operating margin over time; excluding $13.8 million of corporate expenses, fiscal 2026 adjusted EBITDA would have been $42.9 million, or 9.6% of revenue.

•1mo ago

EVI: 10-K · periodic report

EVI Industries filed its fiscal 2026 10-K reporting revenue of $446.6 million, up 15% from $389.8 million, driven primarily by businesses acquired under its buy-and-build strategy. Net income rose 3% to $7.7 million, with diluted EPS slipping to $0.48 from $0.49 as SG&A (+20%) and interest expense (+44%) grew faster than revenue. The filing confirms EVI's first dedicated expansion beyond commercial laundry distribution: the $37.4 million acquisition of Miami-based Sudsies, Inc., completed September 1, 2026, establishes a new consumer garment care services segment that will be consolidated starting in the quarter ending September 30, 2026. On the balance sheet, EVI held $6.8 million in cash with $51.0 million drawn on its $150 million revolving credit facility (matures March 26, 2030), and the board authorized a new $10.0 million share repurchase program on July 28, 2026. Chairman and CEO Henry Nahmad and affiliated holders control approximately 52.3% of voting power, making EVI a controlled company, and the 10-K adds new risk factors covering the garment care expansion, including potential perchloroethylene (PCE) environmental liabilities and reliance on concentrated suppliers (four manufacturers supply ~71% of purchases).

SEC 10-K•1mo ago

EVI Industries Completes Acquisition of Sudsies, Inc. and Establishes Consumer Garment Care Services Division

EVI Industries has completed its acquisition of Miami-based Sudsies, Inc. and launched a consumer garment care services division with Sudsies as the foundational business — its first expansion beyond commercial laundry distribution and service since 2016. Since 2016, EVI has brought 32 commercial laundry businesses into the fold, growing from roughly $36 million of annual revenue to nearly $435 million for the twelve months ended March 31, 2026, a compound annual growth rate of about 29%; Sudsies is the 33rd. Sudsies, founded in 1996 by Jason Loeb and Jorge Baboun, will continue operating under its own brand with its founders and President Luis Moreno in place, consistent with EVI's founder-partnership buy-and-build playbook. Management expects the transaction to be accretive to EVI's earnings for the fiscal year ending June 30, 2027, and frames Sudsies as the first step toward a consumer garment care enterprise of national scale.

•1mo ago

EVI Industries Announces Share Repurchase Program

EVI Industries' Board of Directors authorized a share repurchase program allowing the company to buy back up to $10.0 million of its outstanding common stock. The program has no set expiration date and does not obligate the company to repurchase a specific amount of shares, leaving timing and execution to management's discretion. EVI is a value-added distributor and provider of advisory services for commercial laundry operations, serving a mix of retail, industrial, and government customers.

•2mo ago

EVI: 8-K · acquisition merger

EVI Industries agreed to acquire substantially all assets of Sudsies, Inc. and its affiliates through four separate transactions totaling approximately $34.6 million. The consideration consists primarily of cash, with $600,000 of common stock issued for specific transaction components and personal goodwill. The transactions include the purchase of Sudsies' main assets for $22.6 million, its operations and dry cleaning subsidiaries for $4 million, on-site services for $900,000, and the personal goodwill of founder Jason Loeb for $7.1 million. The company expects the transactions to close within 30 to 45 days, subject to customary conditions. In a separate disclosure, the company corrected a press release regarding the transaction, reducing the stated compounded annual growth rate for EBITDA from 62% to 31%. The stock issuance in connection with the acquisition will be made in reliance on an exemption from registration requirements.

SEC 8-K•3mo ago

EVI Industries to Expand Into Consumer Garment Care Services Industry With Agreement to Acquire Sudsies, Inc.

EVI Industries announced a definitive agreement to acquire Sudsies, Inc., establishing a new consumer garment care division and expanding beyond its core commercial laundry business into a multibillion-dollar market. Sudsies generated approximately $21.7 million in revenue and $5.7 million in EBITDA over the trailing twelve months, with a five-year revenue CAGR of roughly 21% and EBITDA CAGR of 62%. The transaction is expected to close promptly upon satisfaction of customary conditions and be accretive to EVI's earnings for the fiscal year ending June 30, 2027.

•3mo ago

EVI Industries Reports Record Third Quarter Results

EVI Industries reported record third-quarter revenue of $101.1 million, up 8% year-over-year, driven by contributions from acquired businesses and market share gains. Gross profit increased 17% to a record $32.8 million with a record gross margin of 32.5%, while adjusted EBITDA rose 11% to $5.6 million. Despite the top-line growth, net income decreased to $0.8 million from $1.0 million in the prior year, attributed partly to weather disruptions and ongoing operational investments.

•5mo ago