EVI Industries (NYSEAMERICAN:EVI) Announces Quarterly Earnings Results

EVI Industries (NYSEAMERICAN:EVI) announced its earnings results on Tuesday. The industrial products company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17, FiscalAI reports. The company had revenue of $121.87 million during the quarter, compared to analyst estimates of $117.10 million. EVI Industries had a net margin of 1.73% and a return on equity of 5.38%.

Here are the key takeaways from EVI Industries’ conference call:

• Record fiscal 2026 results: Revenue reached approximately $447 million and gross profit $141 million, with record gross margin of 31.5%. Management highlighted that gross profit grew faster than revenue, indicating improved business quality and profitability.
• Commercial laundry operating businesses generated an adjusted EBITDA margin above 10% before corporate expense in the fourth quarter, demonstrating meaningful operating leverage as prior investments in people, technology, and processes begin to scale.
• EVI completed three acquisitions during and shortly after fiscal year-end, including two commercial laundry businesses and Sudsies, which establishes a new consumer garment care services division. Management sees substantial opportunity to build a second division through additional acquisitions of fragmented, locally trusted operators.
• The company generated approximately $21 million in operating cash flow and ended June with about $44 million of net debt, essentially unchanged despite acquisitions and ongoing investments. Management said this conservative balance sheet provides flexibility to pursue opportunities without forcing acquisitions.
• Management described a meaningful acquisition pipeline across both business areas but emphasized continued discipline regarding valuation, culture, leadership, and strategic fit. It also identified CRM deployment and further expansion of recurring service and consumables revenue as future growth opportunities.

EVI Industries Trading Up 4.9%

Shares of NYSEAMERICAN:EVI opened at $15.22 on Thursday. EVI Industries has a 52 week low of $12.75 and a 52 week high of $34.82. The company’s 50 day moving average is $14.98 and its two-hundred day moving average is $17.49. The company has a market cap of $195.88 million, a PE ratio of 31.71 and a beta of 0.09. The company has a current ratio of 1.60, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.

Institutional Trading of EVI Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in shares of EVI Industries by 237.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 1,408 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in EVI Industries by 45.2% during the third quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 491 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in EVI Industries by 27.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 829 shares in the last quarter. Bank of America Corp DE boosted its holdings in EVI Industries by 39.6% in the fourth quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in EVI Industries by 21.4% in the first quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 940 shares during the last quarter. 37.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “buy” rating and set a $32.00 target price on shares of EVI Industries in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $32.00.

EVI Industries News Summary

Here are the key news stories impacting EVI Industries this week:

• Positive Sentiment: Fiscal 2026 revenue increased 15% year over year to a record $446.6 million. EVI also reported record gross profit and operating income, supporting the investment case for its buy-and-build strategy and operational improvement initiatives. EVI Industries fiscal 2026 revenue rises 15% to record $446.6 million
• Positive Sentiment: Fourth-quarter revenue reached $121.87 million, exceeding the consensus estimate of $117.10 million. The company’s record quarterly performance indicates continued demand across its industrial products businesses. EVI Industries earnings results
• Positive Sentiment: EVI established a consumer garment care services division, creating a potential new avenue for growth while complementing its existing commercial laundry and garment-care operations. Management also reiterated its focus on acquisitions and operational optimization. EVI expands into consumer garment care services
• Neutral Sentiment: Fourth-quarter EPS was $0.17, matching analyst expectations. Full-year profit increased approximately 3%, meaning earnings growth lagged the 15% revenue increase and may limit the immediate upside if profitability does not improve. EVI Industries fiscal 2026 profit rises 3%
• Negative Sentiment: The company continues to operate with a relatively thin net margin of 1.63% and return on equity of 4.92%. With the stock’s valuation already reflecting some growth expectations, investors may remain focused on whether record sales translate into stronger bottom-line and cash-flow performance.

EVI Industries Company Profile

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.