Record Fiscal Revenue
EVI Industries Reports Record Fiscal 2026 Revenue Driven by Strong Commercial Operations
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Key Points
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EVI’s full-year gross profit reached a record $140.7 million, while operating income rose to $15.7 million.
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Fourth-quarter gross profit increased 13% to $38.5 million, pushing gross margin to a record 31.6%, up 80 basis points from a year earlier. Adjusted EBITDA rose 26% to a record $9.1 million.
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EVI said its operating businesses generated $12.9 million in fourth-quarter adjusted EBITDA, or 10.6% of revenue, but $3.8 million in corporate costs reduced consolidated operating income to $5.6 million; the company attributed much of those costs to technology and acquisition-related infrastructure investments.
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The company’s field-service operation recorded approximately 30,300 service visits in the fourth quarter, serving about 11,600 unique customers.
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EVI said its core enterprise resource planning, field-service and supporting technology systems had been substantially deployed, with the modernization effort intended to standardize processes and improve productivity.
EVI Industries delivered its strongest year ever in fiscal 2026, posting record revenue of $446.6 million, up 15% from the prior year Yahoo Finance. The company's net income climbed to $7.7 million while adjusted EBITDA hit a record $29.1 million, showing that growth translated directly to the bottom line. Fourth-quarter results matched that momentum, with revenue jumping 11% to $121.9 million and earnings per share of $0.17 meeting Wall Street expectations.
The growth came as EVI expanded aggressively through acquisitions, adding 32 commercial laundry businesses to its platform while launching a new consumer garment-care division Seeking Alpha. Higher-margin service, parts and consumables revenue proved especially valuable, though corporate costs tied to technology upgrades and acquisition infrastructure held back overall profit growth.
Record Margins and Profitability in Q4
EVI's fourth-quarter gross margin hit 31.6%, up 80 basis points year-over-year and marking a company record Yahoo Finance. Gross profit in the quarter climbed 13% to $38.5 million. Adjusted EBITDA surged 26% to a record $9.1 million, driven primarily by strong performance from the company's commercial laundry operations.
Operating businesses generated $12.9 million in adjusted EBITDA during the quarter, or 10.6% of revenue Ticker Report. However, $3.8 million in corporate expenses for technology and acquisition infrastructure reduced consolidated operating income to $5.6 million. Full-year gross profit reached $140.7 million with operating income of $15.7 million.
Acquisitions Expand Commercial Laundry Platform
EVI completed major acquisitions during fiscal 2026, including ASN Laundry Group and Belenky, which expanded its commercial laundry platform to 32 separate businesses Seeking Alpha. The company later acquired Sudsies to enter the consumer garment-care market, marking a strategic pivot beyond its traditional commercial operations. These deals were central to the company's 15% revenue growth.
The acquisition strategy reflected EVI's focus on disciplined, accretive deals that boost margins and scale Trading View. Corporate costs tied to integrating these businesses and modernizing technology systems weighed on near-term profitability but positioned the company for future efficiency gains.
Service Operations and Technology Modernization
EVI's field-service operation performed approximately 30,300 service visits in the fourth quarter, serving about 11,600 unique customers Ticker Report. This recurring-revenue business segment generates higher-margin service, parts and consumables revenue that outpaces equipment sales profitability.
The company substantially deployed its new enterprise resource planning and field-service technology systems during the year Yahoo Finance. The modernization effort aims to standardize processes across its growing portfolio and unlock productivity gains. EVI ended the fiscal year with $20.6 million in operating cash flow and $44.2 million in net debt.
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