EVI Industries Completes Acquisition of ASN Laundry Group

Record Financial Performance: EVI Industries Inc reported a 16% increase in revenue to $108 million and a 17% rise in gross profit to $34 million for Q1 of fiscal 2026, achieving a record gross margin of 31.3%.

Strategic Acquisitions and Technology Advancements: The company expanded its operations by acquiring four companies, including its largest acquisition to date, and is enhancing its technology capabilities with a new field service platform that supports improved technician productivity and customer responsiveness.

Impact of Investments on Profitability: While EVI's recent investments in modernization and integration of acquisitions have affected near-term profitability, they are expected to lead to stronger margins and a scalable business in the future.

Mitigating Challenges and Future Growth: EVI is addressing tariff-related uncertainties through diversified sourcing and pricing adjustments, while focusing on a buy-and-build strategy and technology enhancements for sustainable growth and long-term value creation.

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EVI Industries Success: EVI Industries has reported strong financial results with significant revenue growth and a disciplined acquisition strategy, although it faces risks from rising costs and competition.

Conference Presentation: EVI Industries, Inc. will have its Chairman and CEO, Henry M. Nahmad, present at the Baird Global Industrial Conference on November 12, 2025, and will also host one-on-one meetings with investors.

Company Overview: EVI is the largest value-added distributor of commercial laundry products in North America, providing technical installation and maintenance services, and has completed thirty-one acquisitions since 2016.

Growth and Performance: The company has achieved a compounded annual growth rate in revenue, net income, and adjusted EBITDA of 30%, 18%, and 27% respectively, while maintaining a low-leverage balance sheet.

Forward-Looking Statements: The press release includes forward-looking statements that are subject to risks and uncertainties, and EVI cautions against placing undue reliance on these statements as they may not predict future results.

EVI Industries Financial Performance: EVI Industries reported a 22% year-over-year revenue increase to $110 million for Q4 2025, with net income rising 1% to $2.1 million. For fiscal 2025, revenues reached $390 million, a 10% growth, and net income jumped 33% to $7.5 million.

Strategic Growth Initiatives: The company is focused on long-term growth through a buy-and-build strategy, enhancing operational capabilities, and optimizing field services, which contributed to a solid backlog of customer orders and a robust acquisition pipeline.

Acquisition and Dividend Announcement: EVI completed its largest acquisition of Girbau North America, expected to add $50 million in annual revenues, and declared a special cash dividend of 33 cents per share, reflecting confidence in its financial health.

Market Position and Future Outlook: EVI's leadership emphasized the essential nature of its services in key sectors and expressed optimism about future growth, supported by investments in technology and a commitment to scaling operations while improving margins.

Record Financial Performance: Evi Industries reported a record revenue of $110 million for Q4 FY2025, a 22% increase year-over-year, driven by strategic acquisitions and strong demand in key sectors like healthcare and hospitality.

Acquisition Strategy and Technology Investments: The company completed four acquisitions, including its largest, Girbau North America, enhancing its distribution capabilities and expected to add $50 million in annual revenue. Evi is also focusing on technology upgrades and operational efficiency, with significant progress in its enterprise technology initiatives.

Dividend Announcement: The board declared a special cash dividend of $0.33 per share for FY2025, up from $0.31 in FY2024, although no regular quarterly dividend was announced, reflecting a preference for special dividends.

Challenges and Future Outlook: Despite record revenue, operating cash flow decreased due to increased working capital needs, and net debt rose significantly. Management emphasized the importance of integrating acquisitions and technological modernization while monitoring cost pressures and supplier relationships.

Earnings Overview: EVI Industries, Inc. reported a profit of $2.10 million for the fourth quarter, maintaining the same earnings per share of $0.14 as the previous year.

Revenue Growth: The company's revenue increased by 22.0% to $109.96 million, up from $90.15 million in the same quarter last year.