EVI Reports Q3 Revenue of $101.1M, Below Estimate
Reports Q3 revenue $101.1M, one estimate $111.3M. The company states: "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."
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EVI Industries CEO to Present at Baird Conference
- Management Meeting Schedule: EVI Industries' Chairman and CEO Henry M. Nahmad will present at the Baird Global Consumer, Technology & Services Conference on June 3, 2026, at the InterContinental New York Barclay, and will host one-on-one meetings with registered investors, aiming to enhance investor relations and market confidence.
- Acquisitions and Expansion: Since 2016, EVI has completed 31 acquisitions, expanded into new geographies, and increased sales and service personnel, demonstrating strong growth potential in the commercial laundry product distribution sector while enhancing operational efficiency through technological modernization.
- Robust Financial Performance: EVI has achieved a compounded annual growth rate of 29%, 15%, and 26% in revenue, net income, and adjusted EBITDA respectively since 2016, indicating the company's ability to execute strategic transactions effectively while maintaining a low-leverage balance sheet to enhance long-term value creation.
- Leadership Structure Advantage: EVI's management team is founder-led, collectively owning over 60% of the company, which allows management to operate autonomously, focusing on industry consolidation and organic growth, thereby further solidifying its market position.
EVI Industries Reports Record Financial Results Amid Growth Challenges
- Record Financial Performance: EVI Industries achieved record revenue, gross profit, and gross margin for the three and nine-month periods ending March 31, reflecting strong growth in the North American commercial laundry distribution and service sector.
- Sustained Growth Momentum: Since 2016, EVI has experienced a compound annual growth rate of approximately 29% in revenue, 15% in net income, and 26% in adjusted EBITDA, indicating robust demand for its business model and services.
- Operational Efficiency Improvements: The company has completed the deployment of ERP systems, field service platforms, and business intelligence capabilities, which have enhanced operational visibility and efficiency, improving inventory management and labor utilization.
- Active Acquisition Strategy: EVI completed the acquisition of Balenki during the quarter, marking the 32nd business to join the EVI enterprise, demonstrating its commitment to seeking growth opportunities within and around the commercial laundry industry.
EVI Industries Acquires Belenky to Expand Market Presence
- Acquisition Completed: EVI Industries has finalized its acquisition of Belenky, Inc., a commercial laundry distributor with a 32-year history, which is expected to enhance EVI's market share in Ohio.
- Team and Culture Retention: Belenky will continue to operate under its existing name, retaining its team and corporate culture, a strategy that not only helps maintain customer relationships but also facilitates a smooth transition and growth.
- Technology and Efficiency Enhancement: EVI plans to enhance Belenky's operational capabilities through the continued deployment of its technologies and operating systems, thereby improving customer experience and supporting future business expansion.
- Leadership Support: EVI's CEO Henry Nahmad emphasized that Belenky's management team and customer relationships are key factors in the acquisition, with expectations of achieving higher growth potential through collaboration.
EVI Industries Inc (EVI) Q1 2026 Earnings Call Summary: Record Revenue and Strategic Insights
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.
Zacks Analyst Blog Features Advanced Micro Devices, ServiceNow, Sony Group, and EVI Industries
Featured Stocks: The Zacks Analyst Blog highlights stocks including Advanced Micro Devices (AMD), ServiceNow (NOW), Sony Group (SONY), and EVI Industries (EVI), showcasing their recent performance and market trends.
AMD Performance: AMD's shares have outperformed the industry, driven by strong demand for EPYC processors and Instinct accelerators, although competition from NVIDIA and Intel poses challenges.
ServiceNow Growth: ServiceNow has seen a decline in shares but benefits from increased enterprise digital transformation and AI adoption, with raised subscription revenue guidance for 2025.
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.
EVI Industries to Showcase at Baird Global Industrial Conference
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 CEO to Present at Baird Conference
- Management Meeting Schedule: EVI Industries' Chairman and CEO Henry M. Nahmad will present at the Baird Global Consumer, Technology & Services Conference on June 3, 2026, at the InterContinental New York Barclay, and will host one-on-one meetings with registered investors, aiming to enhance investor relations and market confidence.
- Acquisitions and Expansion: Since 2016, EVI has completed 31 acquisitions, expanded into new geographies, and increased sales and service personnel, demonstrating strong growth potential in the commercial laundry product distribution sector while enhancing operational efficiency through technological modernization.
- Robust Financial Performance: EVI has achieved a compounded annual growth rate of 29%, 15%, and 26% in revenue, net income, and adjusted EBITDA respectively since 2016, indicating the company's ability to execute strategic transactions effectively while maintaining a low-leverage balance sheet to enhance long-term value creation.
- Leadership Structure Advantage: EVI's management team is founder-led, collectively owning over 60% of the company, which allows management to operate autonomously, focusing on industry consolidation and organic growth, thereby further solidifying its market position.
EVI Industries Reports Record Financial Results Amid Growth Challenges
- Record Financial Performance: EVI Industries achieved record revenue, gross profit, and gross margin for the three and nine-month periods ending March 31, reflecting strong growth in the North American commercial laundry distribution and service sector.
- Sustained Growth Momentum: Since 2016, EVI has experienced a compound annual growth rate of approximately 29% in revenue, 15% in net income, and 26% in adjusted EBITDA, indicating robust demand for its business model and services.
- Operational Efficiency Improvements: The company has completed the deployment of ERP systems, field service platforms, and business intelligence capabilities, which have enhanced operational visibility and efficiency, improving inventory management and labor utilization.
- Active Acquisition Strategy: EVI completed the acquisition of Balenki during the quarter, marking the 32nd business to join the EVI enterprise, demonstrating its commitment to seeking growth opportunities within and around the commercial laundry industry.
EVI Industries Acquires Belenky to Expand Market Presence
- Acquisition Completed: EVI Industries has finalized its acquisition of Belenky, Inc., a commercial laundry distributor with a 32-year history, which is expected to enhance EVI's market share in Ohio.
- Team and Culture Retention: Belenky will continue to operate under its existing name, retaining its team and corporate culture, a strategy that not only helps maintain customer relationships but also facilitates a smooth transition and growth.
- Technology and Efficiency Enhancement: EVI plans to enhance Belenky's operational capabilities through the continued deployment of its technologies and operating systems, thereby improving customer experience and supporting future business expansion.
- Leadership Support: EVI's CEO Henry Nahmad emphasized that Belenky's management team and customer relationships are key factors in the acquisition, with expectations of achieving higher growth potential through collaboration.
EVI Industries Inc (EVI) Q1 2026 Earnings Call Summary: Record Revenue and Strategic Insights
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.
Zacks Analyst Blog Features Advanced Micro Devices, ServiceNow, Sony Group, and EVI Industries
Featured Stocks: The Zacks Analyst Blog highlights stocks including Advanced Micro Devices (AMD), ServiceNow (NOW), Sony Group (SONY), and EVI Industries (EVI), showcasing their recent performance and market trends.
AMD Performance: AMD's shares have outperformed the industry, driven by strong demand for EPYC processors and Instinct accelerators, although competition from NVIDIA and Intel poses challenges.
ServiceNow Growth: ServiceNow has seen a decline in shares but benefits from increased enterprise digital transformation and AI adoption, with raised subscription revenue guidance for 2025.
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.
EVI Industries to Showcase at Baird Global Industrial Conference
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.
