EVI Industries Inc (EVI)

EVI Industries to Present at the Baird Global Consumer, Technology & Services ConferenceMay 26, 2026 2:58 PM
Business Wire EVI Industries, Inc. (NYSE American: EVI) announced today that Henry M. Nahmad, Chairman and CEO, will present at the Baird Global Consumer, Technology & Services Conference being held at InterContinental New York Barclay on Wednesday, June 3, 2026. Mr. Nahmad is also scheduled to host one-on-one meetings with registered investors on that date. For more information on the conference and to schedule a one-on-one meeting, please contact Baird Conferences at bairdconferences@rwbaird.com. EVI is the largest value-added distributor of commercial laundry products and provider of related technical installation and maintenance services in North America. Since 2016, EVI has, among other things, completed thirty-one acquisitions, expanded into new geographies, retained and invested in additional sales and service personnel, broadened its OEM representations, and implemented advanced operating technologies. EVI maintains a founder-led management team with CEO, Henry M. Nahmad, and other executives and regional leaders that principally include founders of its acquired businesses, who collectively own more than 60% of the Company. EVI believes that its ownership and leadership structure allow management to operate with the necessary autonomy to maintain its focus on long-term value creation, including through industry consolidation, organic growth, and technological modernization. Since 2016, EVI has delivered a compounded annual growth rate in revenue, net income, and adjusted EBITDA of 29%, 15%, and 26%, respectively, while maintaining a low-leverage balance sheet that has positioned the Company to execute on strategic transactions. About EVI Industries EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. Through its vast sales organization, the Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company’s robust network of commercial laundry technicians, the Company provides its customers with installation, maintenance, and repair services. The Company’s customers include retail, commercial, industrial, institutional, and government customers. Purchases made by customers range from parts and accessories to single or multiple units of equipment, to large complex systems as well as the purchase of the Company’s installation, maintenance, and repair services. Forward-Looking Statements Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements to differ from the future results, trends, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, the risks related to EVI’s business, results, financial condition, prospects, and growth strategy and plans, including risks associated with EVI’s ability to successfully execute its buy-and-build growth strategy and organic growth initiatives, and other economic, competitive, governmental, technological and other risks and factors, including those discussed in the Company’s filings with the Securities and Exchange Commission, including, without limitation, the “Risk Factors” section of EVI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, filed with the SEC on September 11, 2025. Many of these risks and factors are beyond EVI’s control. In addition, past performance of EVI and its acquired businesses and perceived trends may not be indicative of future results. EVI cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. EVI does not undertake to, and specifically disclaims any obligation to, update or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law. Adjusted EBITDA is a non-GAAP financial measure. For a reconciliation of Adjusted EBITDA to net income, the most comparable GAAP financial measure, see the Company’s earnings press release for the three- and nine-month periods ended March 31, 2026, which was issued on May 11, 2026. View source version on businesswire.com: https://www.businesswire.com/news/home/20260526070931/en/ EVI Industries, Inc.
4500 Biscayne Blvd., Suite 340
Miami, Florida 33137
(305) 402-9300 Henry M. Nahmad
Chairman and CEO
(305) 402-9300 Craig Ettelman
Director of Finance and Investor Relations
(305) 402-9300
info@evi-ind.com Original: EVI Industries to Present at the Baird Global Consumer, Technology & Services Conference

EVI Industries Reports Record Third Quarter ResultsMay 11, 2026 4:17 PM
Business Wire Record revenue and gross profit reflect continued enterprise growth and progress in operational optimization, customer engagement, and long-term scalability initiatives. EVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the third quarter of the fiscal year ending June 30, 2026. The Company also provided updates on its long-term growth strategy and ongoing operational optimization, process improvement, and enterprise-wide coordination initiatives intended to improve scalability, efficiency, customer experience, and long-term operating performance. Since commencing the execution of its long-term growth strategy in 2016, EVI has evolved from a single-location business in Florida with 32 employees into a leading North American commercial laundry distribution and service enterprise encompassing 32 businesses and approximately 900 associates, including more than 200 sales professionals and over 425 service personnel. Through disciplined acquisitions, operational investment, and the continued expansion of its service and infrastructure capabilities, EVI has generated compounded annual growth rates of approximately 29% in revenue, 15% in net income, and 26% in adjusted EBITDA over such ten-year period. During this period, the Company has also focused on improving the quality and profitability of its revenue base, contributing to gross margin expansion from approximately 23% in fiscal 2019 to 32.5% and 31.5% for the three and nine-month periods ended March 31, 2026, respectively. 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. Third Fiscal Quarter Performance Compared to the three months ended March 31, 2025 Revenue increased 8% to a record $101.1 million, Gross Profit increased 17% to a record $32.8 million, representing a record gross margin of 32.5%, Operating Income remained flat at $2.3 million, Net Income was $0.8 million compared to $1.0 million, and Adjusted EBITDA increased 11% to $5.6 million, or 5.5% of revenue. Nine-Months Performance Compared to the nine months ended March 31, 2025 Revenue increased 16% to a record $324.7 million, Gross Profit increased 21% to a record $102.2 million, representing a record gross margin of 31.5%, Operating Income increased 4% to $10.1 million, Net Income was $5.0 million compared to $5.4 million, and Adjusted EBITDA increased 12% to a record $20.0 million, or 6.2% of revenue. Revenue for the third fiscal quarter and nine-month period reached record levels, driven primarily by contributions from acquired businesses and supported by ongoing initiatives to expand market share, strengthen customer relationships, and enhance service capabilities across the enterprise. Selling, general and administrative expenses decreased approximately $0.7 million compared to the second fiscal quarter, all of which was the result of a decrease in general and administrative expenses, notwithstanding the inclusion of one month of expenses associated with the acquisition of Belenky, Inc. Management believes these improvements reflect increasing operating discipline, process improvements, facility consolidation efforts, and technology-enabled coordination initiatives designed to improve scalability, efficiency, and long-term operating leverage across the enterprise. Henry Nahmad, Chairman and Chief Executive Officer, commented: “Over the past decade, EVI has built a significantly larger and more capable enterprise through disciplined acquisitions, operational investment, and a long-term commitment to customer service. As our enterprise continues to mature, we believe we are entering a new phase focused on operational optimization, process improvement, and enterprise-wide coordination initiatives intended to improve scalability, efficiency, customer experience, and long-term operating performance.” Mr. Nahmad continued, “While certain factors affected the pace at which revenue was fulfilled during the quarter, we continued to make encouraging progress strengthening the quality and economics of the enterprise. We believe our investments in technology, field service operations, business intelligence capabilities, inventory management, and operational coordination are positioning EVI to improve operating leverage, enhance customer engagement, expand repeat purchasing activity across our installed customer base, and generate increasing long-term value over time.” Customer Experience, Field Service Technology and Modernization Initiatives The Company continues to invest in operational modernization initiatives intended to improve the customer experience and strengthen operational coordination across the enterprise and the Company’s supply chain. As these technologies become more broadly deployed and utilized across the organization, management is increasingly focused on process improvement and operational execution intended to enhance efficiency, scalability, and customer engagement. During the quarter, the Company continued expanding the use of its field service technologies and integrated analytics capabilities, which management believes are contributing to measurable operational improvements and stronger customer engagement. Total service appointments supported by the field service platform increased approximately 9% compared to the second fiscal quarter to more than 27,500 appointments across more than 10,600 customers, while technician productivity, measured by jobs completed per technician per day, improved 3%. Management believes EVI’s recurring customer relationships are an important component of the Company’s long-term growth opportunity. Over 75% of customers that purchased parts during the quarter had purchased from EVI within the last three years, which management believes demonstrates the recurring nature of many customer relationships, the importance of EVI’s service organization, and the value of the Company’s installed equipment knowledge. Organic Growth and Recurring Revenue Opportunities The Company continues to identify opportunities to create repeat customer revenue opportunities across its growing customer base. One example is Premier Chemical Solutions; a division developed within one of the Company’s 32 business units to serve customer demand for chemicals and detergents used in commercial laundry operations. Consistent with EVI’s entrepreneurial culture, local leadership identified the opportunity and organized dedicated management, sales, and service resources to support its growth. For the nine months ended March 31, 2026, Premier Chemical Solutions increased chemical and detergent sales revenue by 49% compared to the same period of the prior fiscal year. The division has added approximately 12 new customer accounts per month during the fiscal year, while maintaining customer attrition below 1.0%. Management believes these results demonstrate EVI’s ability to leverage its customer relationships, installed equipment knowledge, service organization, and local market presence to expand higher-margin repeat purchasing activity with relatively limited incremental customer acquisition costs and capital investment. Importantly, Premier Chemical Solutions currently operates within only one of EVI’s 32 business units, and management believes broader cross-selling opportunities may exist across the Company’s broader installed customer base. Working Capital and Financial Strength Inventory balances increased during the quarter, reflecting higher working capital investment associated with confirmed customer sales order contracts, including certain larger industrial projects anticipated to be delivered during the fourth fiscal quarter. Inventory balances also increased due in part to manufacturer price increases associated with rising costs and tariffs, as well as the Company’s decision to purchase certain equipment inventory in advance of anticipated pricing actions and customer delivery requirements. Across the Company’s four operating regions, excluding the Company’s master distributor operations, approximately 65% of equipment inventory is currently allocated to confirmed customer sales order contracts, which management believes demonstrates that a substantial portion of inventory is tied to identified customer demand and future revenue fulfillment. As part of the Company’s broader operational optimization efforts, management continues to focus on improving demand planning, inventory visibility, and coordination with OEM and supply chain partners in an effort to enhance procurement and fulfillment efficiency, improve working capital management, and support more consistent long-term operating cash flow generation. EVI continues to operate from a position of financial strength and flexibility, with a balance sheet and liquidity profile that management believes supports continued investment in technology, service capabilities, organic growth opportunities, working capital, and acquisition activity. Buy-and-Build Growth Strategy During the quarter, EVI completed the acquisition of Belenky, Inc., an Akron, Ohio-based distributor of commercial laundry products and provider of related installation and maintenance services. Belenky represents the 32nd commercial laundry business to join the EVI family and further expands the Company’s presence in Ohio. Consistent with EVI’s entrepreneurial operating model, acquired businesses generally operate with local leadership and decision-making authority while benefiting from the Company’s capital resources, technology investments, operating infrastructure, and strategic support. EVI believes preserving the relationships, culture, and market expertise of acquired businesses is an important component of long-term value creation. The Company continues to evaluate acquisition and investment opportunities in and around the commercial laundry industry. Management believes EVI’s reputation, long-term approach to enterprise building, operational experience, and credibility as a disciplined and trusted acquirer position the Company to continue pursuing attractive growth opportunities. Earnings Call and Additional Information The Company has provided a pre-recorded earnings conference call, including a business update, which can be accessed under “Financial Info” in the “Investors” section of the Company’s website at www.evi-ind.com or by visiting https://ir.evi-ind.com/message-from-the-ceo. For additional information regarding the Company’s results for the quarter ended March 31, 2026, please see the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, as filed with the Securities and Exchange Commission on or about the date hereof. Use of Non-GAAP Financial Information In this press release, EVI discloses the non-GAAP financial measure of adjusted EBITDA, which EVI defines as earnings before interest, taxes, depreciation, amortization, and amortization of stock-based compensation. Adjusted EBITDA is determined by adding interest expense, income taxes, depreciation, amortization, and amortization of stock-based compensation to net income, as shown in the attached statement of Condensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation. EVI considers adjusted EBITDA to be an important indicator of its operating performance. Adjusted EBITDA is also used by companies, lenders, investors and others because it excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company’s capital structure, debt levels and credit ratings, and the tax positions of companies can vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. Adjusted EBITDA should not be considered as an alternative to net income or any other measure of financial performance or liquidity, including cash flow, derived in accordance with GAAP, or to any other method of analyzing EVI’s results as reported under GAAP. About EVI Industries EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. Through its vast sales organization, the Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company’s robust network of commercial laundry technicians, the Company provides its customers with installation, maintenance, and repair services. The Company’s customers include retail, commercial, industrial, institutional, and government customers. Purchases made by customers range from parts and accessories to single or multiple units of equipment, to large complex systems as well as the purchase of the Company’s installation, maintenance, and repair services. Safe Harbor Statement Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “should,” “could,” “seek,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “intend,” “strategy” and similar expressions are intended to identify forward looking statements. Forward looking statements may relate to, among other things, events, conditions, and trends that may affect the future plans, operations, business, strategies, operating results, financial position and prospects of the Company. Forward looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements of the Company, or industry trends and results, to differ materially from the future results, trends, performance or achievements expressed or implied by such forward looking statements. These risks and uncertainties include, among others, those associated with: general economic and business conditions in the United States and other countries where the Company operates or where the Company’s customers or suppliers are located; economic uncertainty, including as it relates to governmental measures such as tariffs, including legislation and judicial decisions with respect thereto, and their effect on the pricing and demand for, and availability of, the Company’s products, global trading markets, credit markets, industry conditions, economic conditions generally or otherwise on the Company and its business and results; currency exchange fluctuations, including that a weakening of the U.S. dollar would result in increased costs, which in turn would negatively affect the Company’s operating results; industry conditions and trends; credit market volatility; risks related to supply chain delays and disruptions and their impact on the Company’s business and results, including the Company’s ability to deliver products and services to its customers on a timely basis; risks relating to inflation and other price increases (including due to the imposition of tariffs), and their impact on the Company’s costs and results (including that, if desired, the Company may not be able to successfully increase the price of its products and services to offset such costs, in whole or in part, and that price increases may result in reduced demand for the Company’s products and services); risks related to interest rate increases, including the impact thereof on the cost of the Company’s indebtedness and the Company’s ability to raise capital if deemed necessary or advisable; risks associated with international relations and international hostilities, including any escalation or worsening thereof, and their impact on economic conditions; the Company’s ability to implement its business and growth strategies and plans, including changes thereto; risks and uncertainties associated with the Company’s “buy-and-build” growth strategy, including, without limitation, that the Company may not be successful in identifying or consummating acquisitions or other strategic transactions, integration risks, risks related to indebtedness incurred by the Company in connection with the financing of acquisitions and other strategic transactions, dilution experienced by the Company’s existing stockholders as a result of the issuance of shares of the Company’s common stock in connection with acquisitions or other strategic transactions (or for other purposes), risks related to the business, results, operations and prospects of acquired businesses, risks that suppliers of the acquired business may not consent to the transaction or otherwise continue its relationship with the acquired business following the transaction and the impact that the loss of any such supplier may have on the results of the Company and the acquired business, risks that the Company’s goals or expectations with respect to acquisitions and other strategic transactions may not be met, and risks related to the accounting for acquisitions; risks that initiatives and investments, including, without limitation, investments in acquired businesses and technology and modernization initiatives (including customer service, process improvement, working capital optimization and other initiatives and investments described in this press release), may not result in the benefits anticipated; sales contracts, including for parts and equipment held in inventory, and projects may not be completed when expected; the Company’s sales of chemicals and detergents may not expand as anticipated or at all, and may not be indicative of other potential value creation opportunities; the impact of measures which the Company may take from time to time in connection with its expansion efforts and pursuit of market share growth, including that they may not be successful and may adversely impact the Company’s gross margin and other financial results; technology changes; competition, including the Company’s ability to compete effectively and the impact that competition may have on the Company and its results, including the prices which the Company may charge for its products and services and on the Company’s profit margins, and competition for qualified employees; risks relating to the Company’s relationships with its principal suppliers and customers, including the impact of the loss of any such relationship; risks related to the Company’s indebtedness; the availability, terms and deployment of debt and equity capital if needed for expansion or otherwise; and risks of cybersecurity threats or incidents, including the potential misappropriation or use of assets or confidential information, corruption of data or operational disruptions. Reference is also made to the other economic, competitive, governmental, technological and other risks and factors discussed in the Company’s filings with the SEC, including, without limitation, in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025. Many of these risks and factors are beyond the Company’s control. Further, past performance and perceived trends may not be indicative of future results. The Company cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. The Company does not undertake to, and specifically disclaims any obligation to, update, revise or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law. EVI Industries, Inc. Condensed Consolidated Results of Operations (in thousands, except per share data)     Unaudited     Unaudited     Unaudited     Unaudited       9-Months     9-Months     3-Months     3-Months       Ended     Ended     Ended     Ended       3/31/2026     3/31/2025     3/31/2026     3/31/2025   Revenues   $ 324,697     $ 279,874     $ 101,134     $ 93,538   Cost of Sales     222,454       195,442       68,313       65,483   Gross Profit     102,243       84,432       32,821       28,055   SG&A     92,173       74,778       30,562       25,780   Operating Income     10,070       9,654       2,259       2,275   Interest Expense, net     2,958       1,717       959       565   Income before Income Taxes     7,112       7,937       1,300       1,710   Provision for Income Taxes     2,142       2,536       547       669   Net Income   $ 4,970     $ 5,401     $ 753     $ 1,041                                     Net Earnings per Share                                 Basic   $ 0.33     $ 0.36     $ 0.05     $ 0.07   Diluted   $ 0.31     $ 0.35     $ 0.05     $ 0.07                                     Weighted Average Shares Outstanding                                 Basic     12,826       12,726       12,864       12,756   Diluted     13,650       13,138       13,542       13,135   EVI Industries, Inc. Condensed Consolidated Balance Sheets (in thousands, except per share data)     Unaudited               3/31/2026     6/30/2025   Assets                 Current assets                 Cash   $ 4,316     $ 8,852   Accounts receivable, net     56,022       60,494   Inventories, net     80,209       66,059   Vendor deposits     1,635       1,396   Contract assets     4       289   Other current assets     11,002       8,346   Total current assets     153,188       145,436   Equipment and improvements, net     19,532       17,772   Operating lease assets     11,572       10,751   Intangible assets, net     29,660       30,875   Goodwill     93,931       91,667   Other assets     10,348       10,527   Total assets   $ 318,231     $ 307,028                     Liabilities and Shareholders’ Equity                 Current liabilities                 Accounts payable and accrued expenses   $ 52,004     $ 50,963   Accrued employee expenses     15,293       15,398   Customer deposits     21,221       24,316   Contract liabilities     3,028       408   Current portion of operating lease liabilities     3,925       3,778   Total current liabilities     95,471       94,863   Deferred income taxes, net     7,683       7,691   Long-term operating lease liabilities     9,080       7,997   Long-term debt, net     60,000       53,000   Total liabilities     172,234       163,551                   Shareholders' equity               Preferred stock, $1.00 par value     -       —   Common stock, $.025 par value     328       325   Additional paid-in capital     115,264       111,219   Treasury stock     (6,670 )     (5,155 ) Retained earnings     37,075       37,088   Total shareholders' equity     145,997       143,477   Total liabilities and shareholders' equity   $ 318,231     $ 307,028   EVI Industries, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited)     For the nine months ended       3/31/2026     3/31/2025   Operating activities:                 Net income   $ 4,970     $ 5,401   Adjustments to reconcile net income to net cash provided by operating activities:                 Depreciation and amortization     5,990       4,734   Amortization of debt discount     —       54   Provision for expected credit losses     873       733   Non-cash lease expense     (41 )     75 Stock compensation     3,963       3,428   Inventory reserve     492       864   (Benefit) provision for deferred income taxes     (8)     57   Other     24       (105) (Increase) decrease in operating assets:             Accounts receivable     4,084       (8,549) Inventories     (14,380)     941 Vendor deposits     (230)     (1,100) Contract assets     285       1,089   Other assets     (1,047)     (1,189) Increase (decrease) in operating liabilities:             Accounts payable and accrued expenses     2,967       4,172 Accrued employee expenses     (105)     463 Customer deposits     (3,211)     257   Contract liabilities     2,620       —   Net cash provided by operating activities     7,246       11,325                 Investing activities:             Capital expenditures     (5,267)     (3,162) Cash paid for acquisitions, net of cash acquired     (7,102)     (12,580) Net cash used by investing activities     (12,369)     (15,742)               Financing activities:             Dividends paid     (4,983)     (4,593) Proceeds from borrowings     73,000       54,000   Debt repayments     (66,000)     (43,000) Repurchases of common stock in satisfaction of employee tax withholding obligations     (1,515)     (691) Issuances of common stock under employee stock purchase plan     85       56   Net cash provided by financing activities     587     5,772   Net (decrease) increase in cash     (4,536)     1,355 Cash at beginning of period     8,852       4,558   Cash at end of period   $ 4,316     $ 5,913   EVI Industries, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited)     For the nine months ended       3/31/2026     3/31/2025   Supplemental disclosures of cash flow information:                 Cash paid during the period for interest   $ 2,961     $ 1,677   Cash paid during the period for income taxes   $ 3,526     $ 2,674   Supplemental disclosures of non-cash investing information:                 Amounts owed to sellers in connection with acquisitions   $ 756     $ -                     The following table reconciles net income, the most comparable GAAP financial measure, to Adjusted EBITDA. EVI Industries, Inc. Condensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation (in thousands)     Unaudited     Unaudited     Unaudited     Unaudited       9-Months     9-Months     3-Months     3-Months       Ended     Ended     Ended     Ended       3/31/2026     3/31/2025     3/31/2026     3/31/2025   Net Income   $ 4,970     $ 5,401     $ 753     $ 1,041   Provision for Income Taxes     2,142       2,536       547       669   Interest Expense, Net     2,958       1,717       959       565   Depreciation and Amortization     5,990       4,734       2,028       1,627   Amortization of Stock-based Compensation     3,963       3,428       1,320       1,165   Adjusted EBITDA   $ 20,023     $ 17,816     $ 5,607     $ 5,067     View source version on businesswire.com: https://www.businesswire.com/news/home/20260511944629/en/ EVI Industries, Inc.
Henry M. Nahmad
Chairman and CEO
(305) 402-9300 Craig Ettelman
Director of Finance and Investor Relations
(305) 402-9300
info@evi-ind.com Original: EVI Industries Reports Record Third Quarter Results

Suspension de la négociation par l'Organisme canadien de réglementation des investissements - EVIMarch 12, 2026 10:59 AM
PR Newswire (Canada)

VANCOUVER, BC, le 12 mars 2026 /CNW/ - L'OCRI a suspendu la négociation des titres suivants :Société : Eastport Critical Metals Corp.Symbole à la Bourse de croissance TSX : EVILes titres : OuiMotif : Nouvelle en attenteHeure de la suspension (HE) : 10 h 44L'OCRI peut prendre la décision de suspendre (ou d'arrêter) temporairement les opérations à l'égard d'un titre d'une société cotée en bourse. Les arrêts des opérations sont mis en oeuvre afin d'assurer le bon fonctionnement d'un marché équitable. L'OCRI est l'organisme d'autoréglementation national qui surveille l'ensemble des courtiers en placement et l'ensemble des opérations effectuées sur les marchés des titres de capitaux propres et les marchés des titres de créance au Canada.SOURCE L’Organisme canadien de règlementation des investissements (OCRI) - Arrêts/Reprises

Original: Suspension de la négociation par l'Organisme canadien de réglementation des investissements - EVI

Canadian Investment Regulatory Organization Trading Halt - EVIMarch 12, 2026 10:54 AM
PR Newswire (Canada)

VANCOUVER, BC, March 12, 2026 /CNW/ - The following issues have been halted by CIROCompany: Eastport Critical Metals Corp.TSX-Venture Symbol: EVIAll Issues: YesReason: Pending NewsHalt Time (ET): 10:44 amCIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions

Original: Canadian Investment Regulatory Organization Trading Halt - EVI

EVI Industries Reports Record Second Quarter ResultsFebruary 9, 2026 4:02 PM
Business Wire
Revenue increased 24% resulting in record revenue, gross profit, and operating profit, surpassed $425M in revenues for the twelve months ended December 31, 2025, and continued investments in modernization and optimization initiatives.


EVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the second quarter of the fiscal year ending June 30, 2026. The Company also provided updates related to its buy-and-build growth strategy, growth opportunities, and continued investments in technology, modernization, and operational optimization initiatives.


Since commencing execution of its long-term growth strategy in 2016, EVI has transformed from a single-location business in Florida with 31 employees into a leading North American commercial laundry distribution and service enterprise encompassing 31 businesses and employing over 900 associates, including more than 200 sales professionals and over 425 service personnel. The disciplined execution of this strategy has driven compounded annual growth rates of approximately 30% in revenue, 16% in net income, and 27% in adjusted EBITDA over such ten-year period, and has established EVI as a leader in the highly fragmented commercial laundry industry.


A core strength of EVI’s growing enterprise is the depth of its customer relationships, supported by the largest sales and services organizations in the industry. To fully leverage this reach, the Company is making significant investments in people, processes, and technology aimed at building a more scalable, integrated, and efficient organization. These investments are expected to further enhance EVI’s ability to deliver best-in-class laundry solutions, expand complementary product and service offerings, respond more rapidly to technical service needs, and execute more coordinated and efficient equipment installations. EVI also believes that its customer interactions serve as a significant source of insight which, when combined with the Company’s highly entrepreneurial culture, disciplined financial management, strong supplier relationships, and commitment to innovation, enable EVI to identify and pursue new growth opportunities and support long-term value creation.


Henry M. Nahmad, Chairman and Chief Executive Officer of the Company, commented: “EVI has built a differentiated enterprise with deep customer relationships, expansive sales and service reach, and a strategy to become the undisputed leader in our industry. The investments we are making today in people, technology, and operational capabilities are grounded in the strength of our underlying business. We believe these actions are expanding our competitive advantages, strengthening our foundation, and positioning EVI to deliver sustained growth, improved efficiency, customer satisfaction, and long-term value for our shareholders.”


Second Fiscal Quarter Performance


Compared to the three months ended December 31, 2024



Revenue increased 24% to a record $115.3 million,



Gross Profit increased 29% to a record $35.5 million, representing a record gross margin of 30.8%,



Operating Income increased 78% to a record of $4.2 million,



Net Income increased 110% to a record of $2.4 million, and



Adjusted EBITDA increased 49% to a record $7.7 million, or 6.6% of revenue.



Six-Months Performance


Compared to the six months ended December 31, 2024



Revenue increased 20% to a record $223.6 million,



Gross Profit increased 23% to a record $69.4 million, representing a gross margin of 31.1%,



Operating Income increased 6% to $7.8 million,



Net Income was $4.2 million compared to $4.4 million, and



Adjusted EBITDA increased 13% to a record $14.4 million, or 6.4% of revenue.



The Company delivered strong year-over-year revenue growth during the quarter, driven primarily by contributions from acquired businesses, while legacy operations also contributed to the increased revenues. Gross margin increased to a record 30.8% for the quarter and 31.1% for the six months ended December 31, 2025, reflecting favorable product mix, pricing discipline, and the continued benefits of strategic acquisitions, including Continental (formerly Girbau North America), which the Company acquired during the fiscal year ended June 30, 2025. During the second quarter, net income increased to 2.1% of revenue and adjusted EBITDA increased to 6.6% of revenue, reflecting strong underlying operating performance and continued execution across the business. Underlying operating margins increased compared to the prior-year periods, demonstrating improved efficiency within the Company’s core operations. Consolidated operating margin expansion was impacted by capital deployed in connection with modernization and optimization initiatives, integration efforts, and other investments to expand the Company’s organizational capabilities. As previously stated, management believes these investments are well supported by the Company’s operating performance and essential to building a more scalable, efficient, and resilient enterprise capable of delivering sustainable growth, margin expansion, and improved profitability over time.


Technology and Modernization Initiatives


EVI continued to advance the deployment of data-driven operational systems during the second quarter designed to improve service execution, decision support, and scalability. Investments in field service technology strengthened scheduling and service responsiveness, resulting in an approximate 13% improvement in average response time over the past twelve months. Adoption of the field service platform supported an average of just under 9,000 service appointments during the second quarter, consistent with normal seasonal service patterns.


During the second quarter, the Company expanded technician utilization analytics and operational dashboards to improve visibility into technician productivity, utilization, and monetization, supporting more effective staffing, scheduling, pricing, and margin management. Field service capabilities were further enhanced through real-time remote technical support and standardized maintenance workflows, reducing unnecessary site visits, improving service consistency, and lowering administrative effort. While these initiatives were recently commenced and take time to fully realize their potential, management has seen that they have contributed to a meaningful improvement in service margins, demonstrating the financial impact of technology-enabled service optimization as adoption scales.


EVI has also continued to invest in analytics-driven inventory and procurement tools across more than 15,000 SKUs sold over the twelve months ended December 31, 2025. These systems are being deployed in an effort to strengthen inventory controls, support integrated demand planning, and improve visibility across the full order continuum. By enabling tighter cross functional orchestration from sales order capture through purchase order execution and service delivery, these tools are intended to reduce latency, improve forecast accuracy, and minimize process variance. Management believes these initiatives will be critical to improving operating efficiency, working capital management, and long-term margin potential as the enterprise continues to grow.


Buy and Build Growth Strategy


As a highly regarded acquirer in the commercial laundry industry with a strong entrepreneurial culture, the Company continues to evaluate a robust pipeline of acquisition opportunities. In parallel, EVI is pursuing select strategic transactions intended to expand Continental’s product portfolio through partnerships with OEMs seeking accelerated and consistent access to a broad network of distributors, sales professionals, and end customers across North America.


The Company is also assessing differentiated growth initiatives in and around the laundry ecosystem. Management believes that EVI’s reputation as a trusted partner, combined with its expanded footprint and flexible operating platform, positions the Company to pursue a broad range of opportunities that can be supported by existing operations and capabilities.


Mr. Nahmad commented: “Our strategy remains grounded in disciplined execution and thoughtful capital deployment. As we continue to build on our reputation as a trusted acquirer and partner in the commercial laundry industry, we are also taking a more expansive view of growth—evaluating opportunities that leverage our relationships, operating capabilities, and distribution reach. We believe this balanced approach positions us well to drive sustainable long-term value while maintaining the financial flexibility that has been central to our success.”


Capital Strength and Cash Flow


EVI continues to operate from a position of balance sheet strength and financial flexibility. The Company generated positive operating cash flow during both the three- and six-month periods ended December 31, 2025; however, operating cash flow for the periods was adversely impacted by a planned buildup of inventory associated with confirmed customer sales order contracts in backlog. Inventory increased by approximately $12 million during the six-month period ended December 31, 2025 in support of these sales orders. Cash flows during the periods were also impacted by other strategic uses of cash, including the payment of an approximately $5 million cash dividend and the final payment of the purchase price related to the Continental acquisition. Despite these uses of cash, EVI maintains solid liquidity, strong working capital, and access to low-cost capital, supporting continued investment, disciplined growth initiatives, and acquisition activity.


Earnings Call and Additional Information


The Company has provided a pre-recorded earnings conference call, including a business update, which can be accessed under “Financial Info” in the “Investors” section of the Company’s website at www.evi-ind.com or by visiting https://ir.evi-ind.com/message-from-the-ceo. For additional information regarding the Company’s results for the quarter ended December 31, 2025, please see the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2025, as filed with the Securities and Exchange Commission on or about the date hereof.


Use of Non-GAAP Financial Information


In this press release, EVI discloses the non-GAAP financial measure of adjusted EBITDA, which EVI defines as earnings before interest, taxes, depreciation, amortization, and amortization of stock-based compensation. Adjusted EBITDA is determined by adding interest expense, income taxes, depreciation, amortization, and amortization of stock-based compensation to net income, as shown in the attached statement of Condensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation. EVI considers adjusted EBITDA to be an important indicator of its operating performance. Adjusted EBITDA is also used by companies, lenders, investors and others because it excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company’s capital structure, debt levels and credit ratings, and the tax positions of companies can vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. Adjusted EBITDA should not be considered as an alternative to net income or any other measure of financial performance or liquidity, including cash flow, derived in accordance with GAAP, or to any other method of analyzing EVI’s results as reported under GAAP.


About EVI Industries


EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. Through its vast sales organization, the Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company’s robust network of commercial laundry technicians, the Company provides its customers with installation, maintenance, and repair services. The Company’s customers include retail, commercial, industrial, institutional, and government customers. Purchases made by customers range from parts and accessories to single or multiple units of equipment, to large complex systems as well as the purchase of the Company’s installation, maintenance, and repair services.


Safe Harbor Statement


Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “should,” “could,” “seek,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “intend,” “strategy” and similar expressions are intended to identify forward looking statements. Forward looking statements may relate to, among other things, events, conditions, and trends that may affect the future plans, operations, business, strategies, operating results, financial position and prospects of the Company. Forward looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements of the Company, or industry trends and results, to differ materially from the future results, trends, performance or achievements expressed or implied by such forward looking statements. These risks and uncertainties include, among others, those associated with: general economic and business conditions in the United States and other countries where the Company operates or where the Company’s customers and suppliers are located; economic uncertainty, including as it relates to governmental measures such as the imposition of tariffs and their effect on the pricing and demand for, and availability of, the Company’s products, global trading markets, credit markets, industry conditions, economic conditions generally or otherwise on the Company and its business and results; currency exchange fluctuations, including that a weakening of the U.S. dollar would result in increased costs, which in turn would negatively affect the Company’s operating results; industry conditions and trends; credit market volatility; risks related to supply chain delays and disruptions and their impact on the Company’s business and results, including the Company’s ability to deliver products and services to its customers on a timely basis; risks relating to inflation and other price increases (including due to the imposition of tariffs), and their impact on the Company’s costs and results (including that, if desired, the Company may not be able to successfully increase the price of its products and services to offset such costs, in whole or in part, and that price increases may result in reduced demand for the Company’s products and services); risks related to interest rate increases, including the impact thereof on the cost of the Company’s indebtedness and the Company’s ability to raise capital if deemed necessary or advisable; the Company’s ability to implement its business and growth strategies and plans, including changes thereto; risks and uncertainties associated with the Company’s “buy-and-build” growth strategy, including, without limitation, that the Company may not be successful in identifying or consummating acquisitions or other strategic transactions, integration risks, risks related to indebtedness incurred by the Company in connection with the financing of acquisitions and other strategic transactions, dilution experienced by the Company’s existing stockholders as a result of the issuance of shares of the Company’s common stock in connection with acquisitions or other strategic transactions (or for other purposes), risks related to the business, results, operations and prospects of acquired businesses, risks that suppliers of the acquired business may not consent to the transaction or otherwise continue its relationship with the acquired business following the transaction and the impact that the loss of any such supplier may have on the results of the Company and the acquired business, risks that the Company’s goals or expectations with respect to acquisitions and other strategic transactions may not be met, and risks related to the accounting for acquisitions; risks that initiatives and investments, including, without limitation, investments in acquired businesses and technology and modernization initiatives (including in business intelligence tools, the Company’s field service software and other technology and modernization investments described in this press release), may not result in the benefits anticipated; the Company’s service operations and capabilities may not expand; the impact of measures which the Company may take from time to time in connection with its expansion efforts and pursuit of market share growth, including that they may not be successful and may adversely impact the Company’s gross margin and other financial results; technology changes; competition, including the Company’s ability to compete effectively and the impact that competition may have on the Company and its results, including the prices which the Company may charge for its products and services and on the Company’s profit margins, and competition for qualified employees; risks relating to the Company’s relationships with its principal suppliers and customers, including the impact of the loss of any such relationship; risks related to the Company’s indebtedness; the availability, terms and deployment of debt and equity capital if needed for expansion or otherwise; risks of cybersecurity threats or incidents, including the potential misappropriation or use of assets or confidential information, corruption of data or operational disruptions; and that dividends may not be paid in the future. Reference is also made to the other economic, competitive, governmental, technological and other risks and factors discussed in the Company’s filings with the SEC, including, without limitation, in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025. Many of these risks and factors are beyond the Company’s control. Further, past performance and perceived trends may not be indicative of future results. The Company cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. The Company does not undertake to, and specifically disclaims any obligation to, update, revise or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law.




EVI Industries, Inc.




















Condensed Consolidated Results of Operations (in thousands, except per share data)



















 



 






 






Unaudited






 






 






Unaudited






 






 






Unaudited






 






 






Unaudited






 








 






 






6-Months






 






 






6-Months






 






 






3-Months






 






 






3-Months






 








 






 






Ended






 






 






Ended






 






 






Ended






 






 






Ended






 








 






 






12/31/2025






 






 






12/31/2024






 






 






12/31/2025






 






 






12/31/2024






 








Revenues






 






$






223,563






 






 






$






186,336






 






 






$






115,294






 






 






$






92,711






 








Cost of Sales






 






 






154,141






 






 






 






129,959






 






 






 






79,764






 






 






 






65,189






 








Gross Profit






 






 






69,422






 






 






 






56,377






 






 






 






35,530






 






 






 






27,522






 








SG&A






 






 






61,611






 






 






 






48,998






 






 






 






31,281






 






 






 






25,132






 








Operating Income






 






 






7,811






 






 






 






7,379






 






 






 






4,249






 






 






 






2,390






 








Interest Expense, net






 






 






1,999






 






 






 






1,152






 






 






 






1,083






 






 






 






670






 








Income before Income Taxes






 






 






5,812






 






 






 






6,227






 






 






 






3,166






 






 






 






1,720






 








Provision for Income Taxes






 






 






1,595






 






 






 






1,867






 






 






 






796






 






 






 






591






 








Net Income






 






$






4,217






 






 






$






4,360






 






 






$






2,370






 






 






$






1,129






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Net Earnings per Share






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Basic






 






$






0.28






 






 






$






0.29






 






 






$






0.16






 






 






$






0.08






 








Diluted






 






$






0.26






 






 






$






0.29






 






 






$






0.15






 






 






$






0.07






 








 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Weighted Average Shares Outstanding






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 






 








Basic






 






 






12,807






 






 






 






12,712






 






 






 






12,845






 






 






 






12,739






 








Diluted






 






 






13,667






 






 






 






13,124






 






 






 






13,637






 






 






 






13,182






 























 




EVI Industries, Inc.








Condensed Consolidated Balance Sheets (in thousands, except per share data)














 



 






 






Unaudited






 






 






 






 






 








 






 






12/31/2025






 






 






6/30/2025






 








Assets






 






 






 






 






 






 






 






 








Current assets






 






 






 






 






 






 






 






 








Cash






 






$






4,250






 






 






$






8,852






 








Accounts receivable, net






 






 






56,839






 






 






 






60,494






 








Inventories, net






 






 






78,038






 






 






 






66,059






 








Vendor deposits






 






 






1,841






 






 






 






1,396






 








Contract assets






 






 






8






 






 






 






289






 








Other current assets






 






 






11,940






 






 






 






8,346






 








Total current assets






 






 






152,916






 






 






 






145,436






 








Equipment and improvements, net






 






 






18,995






 






 






 






17,772






 








Operating lease assets






 






 






11,768






 






 






 






10,751






 








Intangible assets, net






 






 






29,316






 






 






 






30,875






 








Goodwill






 






 






92,226






 






 






 






91,667






 








Other assets






 






 






10,413






 






 






 






10,527






 








Total assets






 






$






315,634






 






 






$






307,028






 








 






 






 






 






 






 






 






 






 








Liabilities and Shareholders’ Equity






 






 






 






 






 






 






 






 








Current liabilities






 






 






 






 






 






 






 






 








Accounts payable and accrued expenses






 






$






54,416






 






 






$






50,963






 








Accrued employee expenses






 






 






13,994






 






 






 






15,398






 








Customer deposits






 






 






21,456






 






 






 






24,316






 








Contract liabilities






 






 






3,028






 






 






 






408






 








Current portion of operating lease liabilities






 






 






3,889






 






 






 






3,778






 








Total current liabilities






 






 






96,783






 






 






 






94,863






 








Deferred income taxes, net






 






 






7,547






 






 






 






7,691






 








Long-term operating lease liabilities






 






 






9,335






 






 






 






7,997






 








Long-term debt, net






 






 






58,000






 






 






 






53,000






 








Total liabilities






 






 






171,665






 






 






 






163,551






 








 






 






 






 






 






 






 






 






 








Shareholders' equity






 






 






 






 






 






 






 






 








Preferred stock, $1.00 par value






 






 






—






 






 






 






—






 








Common stock, $.025 par value






 






 






328






 






 






 






325






 








Additional paid-in capital






 






 






113,944






 






 






 






111,219






 








Treasury stock






 






 






(6,625






)






 






 






(5,155






)








Retained earnings






 






 






36,322






 






 






 






37,088






 








Total shareholders' equity






 






 






143,969






 






 






 






143,477






 








Total liabilities and shareholders' equity






 






$






315,634






 






 






$






307,028






 















 




EVI Industries, Inc.








Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited)










 



 






 






For the six months ended






 








 






 






12/31/2025






 






 






12/31/2024






 








Operating activities:






 






 






 






 






 






 






 






 








Net income






 






$






4,217






 






 






$






4,360






 








Adjustments to reconcile net income to net cash provided by operating activities:






 






 






 






 






 






 






 






 








Depreciation and amortization






 






 






3,962






 






 






 






3,107






 








Amortization of debt discount






 






 






—






 






 






 






17






 








Provision for expected credit losses






 






 






550






 






 






 






602






 








Non-cash lease expense






 






 






(28






)






 






 






(18






)








Stock compensation






 






 






2,643






 






 






 






2,263






 








Inventory reserve






 






 






600






 






 






 






647






 








(Benefit) provision for deferred income taxes






 






 






(144






)






 






 






39






 








Other






 






 






25






 






 






 






(104






)








(Increase) decrease in operating assets:






 






 






 






 






 






 






 






 








Accounts receivable






 






 






3,105






 






 






 






(5,952






)








Inventories






 






 






(12,572






)






 






 






(518






)








Vendor deposits






 






 






(436






)






 






 






(1,178






)








Contract assets






 






 






281






 






 






 






244






 








Other assets






 






 






(2,040






)






 






 






(2,100






)








Increase (decrease) in operating liabilities:






 






 






 






 






 






 






 






 








Accounts payable and accrued expenses






 






 






6,542






 






 






 






(7






)








Accrued employee expenses






 






 






(1,404






)






 






 






(591






)








Customer deposits






 






 






(2,860






)






 






 






1,365






 








Contract liabilities






 






 






2,620






 






 






 






—






 








Net cash provided by operating activities






 






 






5,061






 






 






 






2,176






 








 






 






 






 






 






 






 






 






 








Investing activities:






 






 






 






 






 






 






 






 








Capital expenditures






 






 






(3,626






)






 






 






(2,124






)








Cash paid for acquisitions, net of cash acquired






 






 






(4,669






)






 






 






(10,485






)








Net cash used by investing activities






 






 






(8,295






)






 






 






(12,609






)








 






 






 






 






 






 






 






 






 








Financing activities:






 






 






 






 






 






 






 






 








Dividends paid






 






 






(4,983






)






 






 






(4,593






)








Proceeds from borrowings






 






 






52,000






 






 






 






45,000






 








Debt repayments






 






 






(47,000






)






 






 






(30,000






)








Repurchases of common stock in satisfaction of employee tax withholding obligations






 






 






(1,470






)






 






 






(683






)








Issuances of common stock under employee stock purchase plan






 






 






85






 






 






 






56






 








Net cash (used) provided by financing activities






 






 






(1,368






)






 






 






9,780






 








Net decrease in cash






 






 






(4,602






)






 






 






(653






)








Cash at beginning of period






 






 






8,852






 






 






 






4,558






 








Cash at end of period






 






$






4,250






 






 






$






3,905






 















 




EVI Industries, Inc.








Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited)










 



 






 






For the six months ended






 








 






 






12/31/2025






 






 






12/31/2024






 








Supplemental disclosures of cash flow information:






 






 






 






 






 






 






 






 








Cash paid during the period for interest






 






$






2,074






 






 






$






1,017






 








Cash paid during the period for income taxes






 






$






1,590






 






 






$






1,090






 








 






 






 






 






 






 






 






 






 









The following table reconciles net income, the most comparable GAAP financial measure, to Adjusted EBITDA.



















 



EVI Industries, Inc.








Condensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation (in thousands)











 






 






Unaudited






 






 






Unaudited






 






 






Unaudited






 






 






Unaudited






 








 






 






6-Months






 






 






6-Months






 






 






3-Months






 






 






3-Months






 








 






 






Ended






 






 






Ended






 






 






Ended






 






 






Ended






 








 






 






12/31/2025






 






 






12/31/2024






 






 






12/31/2025






 






 






12/31/2024






 








Net Income






 






$






4,217






 






 






$






4,360






 






 






$






2,370






 






 






$






1,129






 








Provision for Income Taxes






 






 






1,595






 






 






 






1,867






 






 






 






796






 






 






 






591






 








Interest Expense, Net






 






 






1,999






 






 






 






1,152






 






 






 






1,083






 






 






 






670






 








Depreciation and Amortization






 






 






3,962






 






 






 






3,107






 






 






 






2,013






 






 






 






1,557






 








Amortization of Stock-based Compensation






 






 






2,643






 






 






 






2,263






 






 






 






1,402






 






 






 






1,196






 








Adjusted EBITDA






 






$






14,416






 






 






$






12,749






 






 






$






7,664






 






 






$






5,143






 























 


 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209886748/en/
EVI Industries, Inc.

4500 Biscayne Blvd., Suite 340

Miami, Florida 33137

(305) 402-9300


Henry M. Nahmad

Chairman and CEO

(305) 402-9300


Craig Ettelman

Director of Finance and Investor Relations

(305) 402-9300

info@evi-ind.com


Original: EVI Industries Reports Record Second Quarter Results