EVI Industries Reports Record Revenue and Earnings for Fiscal Q1 2027

EVI Industries reported record first-quarter fiscal 2027 revenue of $112.9 million and net income of $3.8 million for the quarter ended September 30, 2026. Gross margin expanded to 33.7%, while adjusted EBITDA rose 47% to $9.9 million. The quarter included the first month of operations following EVI’s acquisition of Sudsies.

Financial Highlights

• Revenue increased 4.3% year over year to a record $112.9 million.
• Gross profit rose 12% to a record $38.0 million; gross margin expanded to a record 33.7%, from 31.3%.
• Operating income increased 75% to a record $6.2 million.
• Net income increased 108% to a record $3.8 million. Diluted earnings per share were $0.24, compared with $0.11 a year earlier.
• Adjusted EBITDA increased 47% to a record $9.9 million, and adjusted EBITDA margin expanded to 8.8% from 6.2%.

Business Highlights

• In commercial laundry, growth was led by parts, service and installation activities. Service gross profit improved significantly from the prior-year quarter.
• EVI completed approximately 31,000 field-service appointments for nearly 12,000 unique customers during the quarter, using its deployed enterprise, field-service and business-intelligence systems.
• Commercial laundry equipment backlog increased from June 30, 2026. Customers continued to select higher-capacity equipment, while project timing influenced quarterly equipment volumes.
• EVI entered consumer garment care services through its September 1 acquisition of Sudsies, which provided an operating foundation for the new division.
• After quarter-end, EVI acquired Commercial Laundry Equipment, a family-owned Florida distributor and service provider, adding 18 employees and expanding its presence in the state.

Original SEC Filing: EVI INDUSTRIES, INC. [ EVI ] - 8-K - Nov. 09, 2026