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EVI Industries, Inc. reports news on its commercial laundry distribution and service business in North America. The company sells, leases, installs, maintains and repairs commercial laundry equipment used in washing, drying, finishing, material handling, water heating, power generation and water reuse applications.
Recurring updates cover operating results, its buy-and-build acquisition strategy, completed acquisitions such as Belenky and ASN Laundry Group, technology and operating-system investments, OEM representation, balance-sheet and dividend actions, and investor conference participation. News also describes how acquired distributors continue to operate within EVI’s commercial laundry service network.
EVI (NYSE American:EVI) reported record third-quarter and nine-month fiscal 2026 results. Q3 revenue rose 8% to $101.1 million and gross profit grew 17% to $32.8 million, with a record 32.5% gross margin. Adjusted EBITDA increased 11% to $5.6 million, while net income was $0.8 million.
For the nine months ended March 31, 2026, revenue increased 16% to $324.7 million and gross profit rose 21% to $102.2 million, with a 31.5% gross margin. EVI completed the Belenky acquisition, expanded field service activity, and grew Premier Chemical Solutions revenue 49%, while net income declined modestly.
EVI (NYSE American: EVI) completed the acquisition of Akron, Ohio-based Belenky on March 2, 2026, adding the 32nd commercial laundry business to its platform. Belenky will continue operating under its existing name and facility with its leadership team and 17 employees, and consideration was paid in cash.
The acquisition expands EVI's Ohio footprint and is intended to leverage EVI technologies and operating systems to improve Belenky's efficiency, scalability, and customer experience.
EVI (NYSE American: EVI) reported record second-quarter results for the fiscal quarter ended December 31, 2025, with revenue up 24% to $115.3M, gross profit up 29% to $35.5M (30.8% gross margin), operating income up 78% to $4.2M, net income up 110% to $2.4M, and adjusted EBITDA up 49% to $7.7M (6.6% of revenue).
The company cited continued contributions from acquisitions, record twelve‑month revenue above $425M, and investments in technology, field service modernization, inventory systems, and integration tied to its buy‑and‑build strategy.
EVI (NYSE American: EVI) reported record Q1 FY2026 revenue of $108.0M (up 16% YoY) and record gross profit $33.9M (up 17%) with consolidated gross margin at a record 31.3%. The quarter included four acquisitions completed since prior-year, including the largest in company history, and investments in modernization, integration, and technology that reduced short-term operating leverage.
Key operational metrics: net income $1.8M (1.7% of revenue), adjusted EBITDA $6.8M (6.2% margin), net debt of $46.3M, and a one-time $5.0M special cash dividend ($0.33 per share) paid Oct 6, 2025. Technology deployments showed growth (≈9,000 field service appointments in Sept 2025).
EVI Industries (NYSE American: EVI) announced that Chairman and CEO Henry M. Nahmad will present at the Baird Global Industrial Conference at The Ritz-Carlton, Chicago on November 12, 2025 and will host one-on-one investor meetings that day.
EVI is described as the largest value-added distributor of commercial laundry products in North America. Since 2016, the company completed 31 acquisitions, expanded geographically, grew sales and service teams, broadened OEM relationships, and adopted advanced operating technologies. Founders and acquired-business leaders collectively own >b>60% of the company.
Financial track record since 2016: revenue CAGR 30%, net income CAGR 18%, and adjusted EBITDA CAGR 27%, with a stated low-leverage balance sheet positioning EVI to pursue strategic transactions.
EVI Industries (NYSE American: EVI) reported record fiscal year 2025 results, with revenue increasing 10% to $390 million and net income rising 33% to $7.5 million. The commercial laundry distribution leader completed four strategic acquisitions, including its largest-ever purchase of Girbau North America (now Continental Laundry Solutions), expected to add $50 million in annual revenue.
The company achieved significant milestones in technology adoption, expanding its field service platform from 2 to 27 business units and implementing ERP systems across 28 of 31 business units. EVI announced a special cash dividend of $0.33 per share, payable October 6, 2025. The company's organic growth remained strong at 7% CAGR, while adjusted EBITDA increased 11% to $25.0 million.
EVI Industries (NYSE American: EVI), North America's largest commercial laundry products distributor, announced its leadership's participation in two upcoming investor conferences. Chairman and CEO Henry M. Nahmad and Director of Finance Craig Ettelman will attend the D.A. Davidson Diversified Industrials & Services Conference on September 18, 2025, and the Sidoti Small-Cap Virtual Conference on September 17, 2025.
The company highlighted its impressive growth since 2016, including 31 acquisitions, geographic expansion, and technological modernization. EVI has achieved compound annual growth rates of 31% in revenue, 18% in net income, and 28% in adjusted EBITDA. Notably, the founder-led management team, including executives from acquired businesses, owns over 60% of the company.
EVI Industries (NYSE American: EVI), North America's largest commercial laundry products distributor, announced its participation in the upcoming Jefferies Industrials Conference on September 3, 2025. Chairman and CEO Henry M. Nahmad will present and host one-on-one meetings.
The company has demonstrated significant growth since 2016, completing 31 acquisitions and achieving impressive compound annual growth rates: 31% in revenue, 18% in net income, and 28% in adjusted EBITDA. The founder-led management team, including executives from acquired businesses, maintains over 60% ownership of the company.
EVI Industries (NYSE American: EVI) has completed its 31st acquisition in the commercial laundry distribution industry by acquiring ASN Laundry Group, a New York-based distributor of commercial laundry products and service provider. The strategic acquisition strengthens EVI's market presence in New York state and enhances its customer service capabilities.
CEO Henry M. Nahmad emphasized that the acquisition aligns with EVI's buy-and-build strategy, which focuses on partnering with family-owned businesses while retaining leadership teams and fostering growth through collaboration. The company's approach includes creating an ownership culture and maintaining the largest commercial laundry products portfolio in North America.