olivLaw · US equity research
EVI Industries, Inc. EVI
Services-Personal Services · SIC 7200 · Vertical: Services-Personal Services (SIC 7200)
EVI Industries distributes, installs and services equipment for commercial and industrial laundries in the United States, Canada, the Caribbean and Latin America, and recently entered consumer garment care through the Sudsies acquisition. For fiscal 2026 the company reported record revenue of 446.6 million USD, showing that its buy-and-build model continues to expand.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, EVI Industries, Inc. (EVI) stock was 21.76 USD (−1.27% on the day), with market capitalisation 282.3 m USD, P/E 45.3 on diluted EPS of 0.48 USD over the last 12 months, dividend yield 1.52%, beta 1.00, 52-week range 13.03–28.38 USD. Latest reported quarter (Q4 2026): revenue of 121.9 m USD (+10.8% YoY), net income of 2.7 m USD (+31.0% YoY).
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 68.6
- strong (55–70)
- Bollinger (20, 2)
- 17.73 – 22.52
- in the upper half of the band · %B 0.84 · band width 23.8%
- SMA 50 / 200
- 18.29 / 18.60
- mixed trend
- MACD (12, 26, 9)
- 0.96 / 0.84
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +13.6% | −1.1% | +14.7 pp | — |
| 3 months | +55.7% | −0.5% | +56.1 pp | — |
| 6 months | +8.9% | +4.4% | +4.5 pp | — |
| Year to date | −11.7% | +12.3% | −24.0 pp | — |
| 1 year | −21.2% | +13.5% | −34.8 pp | −19.1% |
| 3 years | −19.0% | +76.4% | −95.4 pp | +22.1% |
| 5 years | −36.0% | +63.7% | −99.7 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 93.6 m | 92.7 m | 93.5 m | 110.0 m | 108.3 m | 115.3 m | 101.1 m | 121.9 m |
| Cost of revenue | 64.8 m | 65.2 m | 65.5 m | 76.0 m | 74.4 m | 79.8 m | 68.3 m | 83.4 m |
| Gross profit | 28.9 m | 27.5 m | 28.1 m | 33.9 m | 33.9 m | 35.5 m | 32.8 m | 38.5 m |
| SG&A | 23.9 m | 25.1 m | 25.8 m | 29.8 m | 30.3 m | 31.3 m | 30.6 m | 32.8 m |
| Operating income | 5.0 m | 2.4 m | 2.3 m | 4.1 m | 3.6 m | 4.2 m | 2.3 m | 5.6 m |
| Depreciation & amortisation | 1.6 m | 1.6 m ≈ | 1.6 m ≈ | 2.0 m | 1.9 m | 2.0 m ≈ | 2.0 m ≈ | 2.1 m |
| Interest expense | 482.0 k | 670.0 k | 565.0 k | 1.0 m | 916.0 k | 1.1 m | 959.0 k | 979.0 k |
| Pre-tax income | 4.5 m | 1.7 m | 1.7 m | 3.1 m | 2.6 m | 3.2 m | 1.3 m | 4.7 m |
| Income tax | 1.3 m | 591.0 k | 669.0 k | 991.0 k | 799.0 k | 796.0 k | 547.0 k | 1.9 m |
| Net income | 3.2 m | 1.1 m | 1.0 m | 2.1 m | 1.8 m | 2.4 m | 753.0 k | 2.7 m |
| Diluted EPS | 0.21 | 0.07 | 0.07 | — | 0.11 | 0.15 | 0.05 | — |
| Operating cash flow | 207.0 k | 2.0 m ≈ | 9.1 m ≈ | 9.9 m | 1.0 m | 4.0 m ≈ | 2.2 m ≈ | 13.4 m |
| Capex | — | — | 1.0 m ≈ | 1.7 m | — | — | 1.6 m ≈ | 1.9 m |
| Dividends paid | — | — | 0 ≈ | 0 | — | — | 0 ≈ | 0 |
| Share repurchases | 254.0 k | 429.0 k ≈ | 8.0 k ≈ | 25.0 k | 816.0 k | 654.0 k ≈ | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 41 percentile of its own 34-quarter history (min 0.0, median 65.1, max 480.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 228.3 m | 235.8 m | 242.0 m | 267.3 m | 354.2 m | 353.6 m | 389.8 m | 446.6 m |
| Revenue YoY | +52.2% | +3.3% | +2.6% | +10.5% | +32.5% | −0.2% | +10.3% | +14.6% |
| Net income | 3.7 m | 775.0 k | 8.4 m | 4.1 m | 9.7 m | 5.6 m | 7.5 m | 7.7 m |
| Net income YoY | −5.6% | −79.3% | +981.8% | −51.2% | +137.3% | −41.9% | +32.8% | +2.9% |
| Diluted EPS | 0.29 | 0.06 | 0.61 | 0.29 | 0.67 | 0.37 | 0.49 | 0.48 |
| Diluted EPS YoY | −12.1% | −79.3% | +916.7% | −52.5% | +131.0% | −44.8% | +32.4% | −2.0% |
| net % | 1.6% | 0.3% | 3.5% | 1.5% | 2.7% | 1.6% | 1.9% | 1.7% |
| Free cash flow | -11.7 m | 19.7 m | 10.9 m | -5.9 m | -2.8 m | unavailable | 16.4 m | 13.5 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- unavailable USD
- Financial debt
- 51.0 m USD
- Net debt
- unavailable USD
- Equity
- 150.1 m USD
- Total assets
- 304.5 m USD
- Debt / equity
- 0.34x
- Current ratio
- 1.64x
- ROE
- 5.3%
- ROA
- 2.5%
- FCF margin
- 3.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 242.0 m | 267.3 m | 354.2 m | 353.6 m | 389.8 m | 446.6 m | SEC (XBRL)· 08 Sept 2026verified |
| Cost of revenue | 182.2 m | 193.6 m | 250.5 m | 248.3 m | 271.5 m | 305.8 m | SEC (XBRL)· 08 Sept 2026verified |
| Gross profit | 59.8 m | 73.7 m | 103.7 m | 105.3 m | 118.3 m | 140.7 m | SEC (XBRL)· 08 Sept 2026verified |
| SG&A | 56.6 m | 67.3 m | 87.2 m | 93.6 m | 104.6 m | 125.0 m | SEC (XBRL)· 08 Sept 2026verified |
| Operating income | 3.2 m | 6.4 m | 16.5 m | 11.6 m | 13.8 m | 15.7 m | SEC (XBRL)· 08 Sept 2026verified |
| Depreciation & amortisation | 4.6 m | 5.2 m | 6.0 m | 6.0 m | 6.7 m | 8.1 m | SEC (XBRL)· 08 Sept 2026verified |
| EBITDA | 7.8 m ≈ | 11.6 m ≈ | 22.5 m ≈ | 17.6 m ≈ | 20.5 m ≈ | 23.8 m ≈ | SEC (XBRL)· 08 Sept 2026derived |
| Interest expense | 635.0 k | 679.0 k | 2.5 m | 2.7 m | 2.7 m | 3.9 m | SEC (XBRL)· 08 Sept 2026verified |
| Pre-tax income | 9.9 m | 5.7 m | 14.0 m | 8.9 m | 11.0 m | 11.8 m | SEC (XBRL)· 08 Sept 2026verified |
| Income tax | 1.5 m | 1.6 m | 4.3 m | 3.2 m | 3.5 m | 4.1 m | SEC (XBRL)· 08 Sept 2026verified |
| Net income | 8.4 m | 4.1 m | 9.7 m | 5.6 m | 7.5 m | 7.7 m | SEC (XBRL)· 08 Sept 2026verified |
| Diluted EPS | 0.61 | 0.29 | 0.67 | 0.37 | 0.49 | 0.48 | SEC (XBRL)· 08 Sept 2026verified |
| Weighted average diluted shares | 12.6 k | 12.7 m | 12.8 k | 13.2 k | 13.2 k | 13.6 k | SEC (XBRL)· 08 Sept 2026verified |
| Dividend per share | — | — | — | 0.28 | 0.31 | 0.33 | SEC (XBRL)· 08 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 6.1 m | 4.0 m | 5.9 m | 4.6 m | 8.9 m | — | SEC (XBRL)· 11 Sept 2025verified |
| Receivables | 28.9 m | 44.6 m | 50.5 m | 43.0 m | 60.5 m | 56.8 m | SEC (XBRL)· 08 Sept 2026verified |
| Inventories | 25.1 m | 49.4 m | 59.2 m | 47.9 m | 66.1 m | 66.3 m | SEC (XBRL)· 08 Sept 2026verified |
| Current assets | 65.2 m | 105.6 m | 125.5 m | 101.9 m | 145.4 m | 141.0 m | SEC (XBRL)· 08 Sept 2026verified |
| Property, plant & equipment, net | 10.6 m | 13.0 m | 13.0 m | 14.0 m | 17.8 m | 20.1 m | SEC (XBRL)· 08 Sept 2026verified |
| Goodwill | 63.9 m | 71.0 m | 73.4 m | 75.1 m | 91.7 m | 93.9 m | SEC (XBRL)· 08 Sept 2026verified |
| Intangibles (excl. goodwill) | 23.7 m | 26.2 m | 24.1 m | 22.0 m | 30.9 m | 28.9 m | SEC (XBRL)· 08 Sept 2026verified |
| Total assets | 177.9 m | 230.8 m | 253.8 m | 230.7 m | 307.0 m | 304.5 m | SEC (XBRL)· 08 Sept 2026verified |
| Accounts payable | 20.7 m | 32.6 m | 26.7 m | 23.1 m | 37.9 m | 35.7 m | SEC (XBRL)· 08 Sept 2026verified |
| Long-term debt | 11.9 m | 27.8 m | 34.9 m | 12.9 m | 53.0 m | 51.0 m | SEC (XBRL)· 08 Sept 2026verified |
| Current liabilities | 49.5 m | 74.8 m | 76.4 m | 69.8 m | 94.9 m | 86.1 m | SEC (XBRL)· 08 Sept 2026verified |
| Total liabilities | 71.1 m | 113.1 m | 122.9 m | 94.1 m | 163.6 m | 154.4 m | SEC (XBRL)· 08 Sept 2026verified |
| Equity | 106.7 m † | 117.7 m † | 131.0 m † | 136.6 m † | 143.5 m † | 150.1 m † | SEC (XBRL)· 08 Sept 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 13.7 m | -1.9 m | 940.0 k | 32.7 m | 21.3 m | 20.6 m | SEC (XBRL)· 08 Sept 2026verified |
| Capex | 2.8 m | 4.0 m | 3.7 m | — | 4.9 m | 7.2 m | SEC (XBRL)· 08 Sept 2026verified |
| Free cash flow | 10.9 m ≈ | -5.9 m ≈ | -2.8 m ≈ | — | 16.4 m ≈ | 13.5 m ≈ | SEC (XBRL)· 08 Sept 2026derived |
| Investing cash flow | -7.6 m | -15.9 m | -6.0 m | -6.8 m | -51.8 m | -14.3 m | SEC (XBRL)· 08 Sept 2026verified |
| Financing cash flow | -9.8 m | 15.7 m | 7.0 m | -27.2 m | 34.8 m | -8.4 m | SEC (XBRL)· 08 Sept 2026verified |
| Dividends paid | — | — | — | 4.1 m | 4.6 m | 5.0 m | SEC (XBRL)· 08 Sept 2026verified |
| Share repurchases | 853.0 k | 205.0 k | 125.0 k | 1.2 m | 716.0 k | — | SEC (XBRL)· 11 Sept 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 43 / 100
A scoring methodology on indicators and valuation, not investment advice.
(margin_of_safety <= -0.25 & agreement in ['high', 'medium'])
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 282.3 m USD
Key indicators
Coverage and freshness
Score by group
- Valuation26
- Balance sheet51
- Quality60
- Growth33
- Returns60
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 4.34 – 6.33 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E5.08 – 6.33 (Mid 6.17)5 companies used · median multiple 12.8x · quartiles 10.6x – 13.2xCSV, HRB, RGS, SCI, YELP
- Dividend discount (DDM)4.34 – 5.83 (Mid 4.97)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 43/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 1.7% | 20 (vs peers) | 9% |
| FCF conversion · Quality | 174.3% | 100 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | 8.0% | 67 (on a fixed band) | 12% |
| EPS CAGR 3Y · Growth | -10.5% | 0 (on a fixed band) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 4.0x | 38 (on a fixed band) | 9% |
| Current ratio · Balance sheet | 1.6x | 70 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 45.3x | 0 (vs peers) | 15% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 4.8% | 60 (on a fixed band) | 12% |
| Shareholder yield (distributions) · Returns | 2.3% | 33 (on a fixed band) | 9% |
| Payout ratio (FCF) · Returns | 37.0% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet51/100 · 2/3 factors with a value
- Growth33/100 · 2/2 factors with a value
- Quality60/100 · 2/3 factors with a value
- Returns60/100 · 2/2 factors with a value
- Valuation26/100 · 2/3 factors with a value
Memo
EVI Industries, Inc. (EVI). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 446.6 m USD in 2026; YoY growth 14.6%; net margin 1.7%; ROE 5.3%.
The estimated value range is 4.71–6.08 USD per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 5.57 USD, the price of 21.76 USD leaves a potential of -74.4% (value / price − 1) and a margin of safety of -290.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 43/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 174.3%
- Payout ratio (FCF): 37.0%
What contradicts it
- Net margin: 1.7%
- EPS CAGR 3Y: -10.5%
- P/E (TTM): 45.3x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Services-Personal Services (SIC 7200) · same industry (4-digit SIC) · compared with 10 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| SCIService Corporation International | 10.5 bn | 19.2 | 35.7% | 12.7% | +2.9% | −3% / +26% |
| HRBH&R Block Inc | 6.8 bn | 9.8 | 710.9% | 18.6% | +4.9% | +32% / +22% |
| YELPYelp Inc | 1.2 bn | 10.6 | 18.2% | 8.6% | +3.7% | −24% / −50% |
| CSVCarriage Services, Inc. | 571.4 m | 12.8 | 17.3% | 10.7% | +3.3% | −17% / +59% |
| EVIEVI Industries, Inc. | 282.3 m | 45.3 | 5.3% | 1.7% | +14.6% | −21% / −19% |
| WWWw International, Inc. | 121.3 m | 0.1 | 332.6% | 148.1% | −11.6% | −57% / unavailable |
| RGSRegis Corporation | 79.4 m | 13.2 | 3.7% | 3.1% | +6.8% | +18% / +362% |
| DLPNDolphin Entertainment, Inc. | 12.2 m | — | -51.6% | -6.3% | +9.7% | −42% / −70% |
| XWELXWELL, Inc. | 5.1 m | — | — | -82.9% | −13.8% | −21% / −75% |
| UNFUnifirst Corporation | — | 41.7 | 5.0% | 4.3% | +3.7% | +45% / +45% |
| MRMMedirom Healthcare Technologies Inc. | — | — | 26.0% | 1.8% | +21.5% | −85% / −94% |
1- and 3-year price returns: for EVI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 16.51 Total return -23% · Per year -23% | 29.14 Total return 36% · Per year 36% | 43.83 Total return 104% · Per year 104% |
| 3 years | 17.18 Total return -16% · Per year -6% | 34.01 Total return 63% · Per year 18% | 56.00 Total return 166% · Per year 38% |
| 5 years | 17.88 Total return -10% · Per year -2% | 39.69 Total return 94% · Per year 14% | 71.55 Total return 245% · Per year 28% |
- Exit P/E± 8.50
- Net margin± 5.95
- Annual revenue growth± 4.73
- Annual dilution± 0.50
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 08 Sept 2026; since then the company filed 10-K/A (22 Oct 2026).
In brief
EVI Industries distributes, installs and services equipment for commercial and industrial laundries in the United States, Canada, the Caribbean and Latin America, and recently entered consumer garment care through the Sudsies acquisition. For fiscal 2026 the company reported record revenue of 446.6 million USD 2, showing that its buy-and-build model continues to expand.
SWOT
Strengths
- The company runs a value-added distribution model combining sales with planning, installation, maintenance and repair, backed by a national technician network and a customer base in the tens of thousands 12.
- Service, parts and consumables revenue is recurring and carries higher margins than equipment sales, supporting the quality of growth 2.
- The company has built a reputation as the acquirer of choice in commercial laundry, allowing it to bring in businesses while keeping their local brands 2.
Weaknesses
- The company relies on a small number of manufacturers for most product purchases, and many of its contracts are short term 1.
- Quarterly results depend heavily on the timing of deliveries and installations, which makes profit harder to predict from one quarter to the next 2.
- Consolidated operating margin is still below the company's target, partly because of corporate costs tied to technology and acquisitions 2.
Opportunities
- If the Sudsies integration succeeds, the garment care division could become a second growth line beyond commercial distribution 1.
- The fragmented distribution market gives the company room for further acquisitions of independent businesses 12.
- Installed ERP and service systems could lower costs as revenue grows, potentially creating more operating leverage 2.
Threats
Risks
- Expansion into consumer garment caremedium
There is no assurance that the plans in the new segment will succeed, and integrating Sudsies could divert management attention from the company's other operations 1.
- Environmental liabilitieshigh
Garment care uses regulated chemicals such as perchloroethylene, and the company could face investigation and remediation costs, even for contamination that predates an acquisition 1.
- Supplier concentrationhigh
Four manufacturers accounted for about 71% of product purchases in fiscal 2026, and some contracts can be terminated on short notice, which could affect the business 1.
- Supply disruptions and costsmedium
Supply chains can be affected by tariffs, labor shortages and other external events, which could delay deliveries and raise costs 1.
- Acquisition executionmedium
The buy-and-build strategy carries the risk of difficult integration, weaker internal controls and loss of customers or staff at acquired businesses, which could reduce the expected benefits 1.
Investment thesis
What would need to be true (bull case)
- If service and parts revenue keeps growing faster than equipment sales, gross margin could stay high, in line with the record reached in fiscal 2026 2.
- If the garment care division develops along the lines of the commercial model, it could open a second source of growth in a fragmented market 1.
- If corporate costs are spread over a larger revenue base as sales grow, the company could reach higher operating margins, in line with its stated objective 2.
What would break the thesis
- If tariffs and supply costs rise, margins could come under pressure and deliveries could be delayed 1.
- If the Sudsies integration or other acquisitions underperform, costs could exceed benefits, and existing debt could limit the company's flexibility 12.
- If environmental rules tighten, garment care operations could become more costly or harder to run 1.
What to watch
- Contribution of the garment care division after the Sudsies integrationQ1 2027
- Trend in gross margin and consolidated operating margin against the double-digit target2027
- Progress of the up to 10 million USD share repurchase program and use of debtnext 10-K
- Concentration of purchases among the four main manufacturers and status of those contractsnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 08 Sept 2026; since then the company filed 10-K/A (22 Oct 2026).
The business
EVI Industries, Inc., a Delaware company incorporated in 1963, operates through wholly-owned subsidiaries as a value-added distributor and provider of advisory and technical services. It sells or leases commercial laundry equipment for washing, drying, finishing, material handling, water heating, power generation and water reuse, along with parts and accessories, and provides installation, maintenance and repair through its technician network 1. Its customers include government, institutional, industrial, commercial and retail buyers, and no single customer accounted for more than 10% of revenues in fiscal 2026 or 2025 1.
Its growth strategy combines organic initiatives with a buy-and-build approach that pursues acquisitions and builds a growth culture at acquired businesses 1. In fiscal 2026 it acquired ASN Laundry Group and Belenky, Inc., and in fiscal 2025 it acquired four businesses for total consideration of 51.0 million USD 1. Until the Sudsies acquisition, the company reported a single operating and reportable segment 1.
On September 1, 2026, EVI completed the acquisition of Sudsies, Inc., of Miami, for 37.4 million USD in cash, subject to post-closing adjustments 1. The company established a new division for its consumer garment care operations, which will be a separate operating and reportable segment 1.
Segments
Commercial laundry distribution and service
The core segment covers the sale, leasing, installation, maintenance and repair of commercial laundry equipment, boilers and replacement parts. Through June 30, 2026, the company reported this activity as its single operating segment 1. According to the results release, record fiscal 2026 revenue was driven mainly by acquired businesses and by service, parts and consumables, which carry higher margins than equipment sales 2.
Consumer garment care services
The new division, built on Sudsies, provides cleaning, alteration and repair services directly to consumers in South Florida 1. The company describes this as an expansion beyond commercial distribution and believes consumer garment care, a multibillion dollar industry, offers a long-term opportunity 1.
Market context
The company describes demand in commercial laundry as durable and predictable, since equipment must be serviced and replaced and parts, service and consumables are needed continuously 2. The distribution market is highly fragmented, with more than 500 equipment distributors in the United States, mostly independently owned, and no single competitor holds a major market share 1.
In consumer garment care, the company says the market is served by thousands of independent, often family-owned businesses, which could mean fragmentation similar to commercial distribution 1. Long-term results in this market are not yet proven, and the company acknowledges that success is not assured 1.
Trends
- Growth through acquisitionstailwind
Fiscal 2026 revenue growth was attributed mainly to businesses acquired in fiscal 2025 and 2026 1. If the acquisition strategy remains productive, it could continue to support revenue growth.
- Tariffs and supply costsheadwind
International tariffs and the uncertainty around them can disrupt supply and raise product costs 1. The strength of the US dollar also affects the cost of purchases from foreign suppliers 1.
- Timing of deliveries and installationsmixed
Quarterly results are shaped by the timing of deliveries and installations, which depends on customer facility readiness and weather conditions 2. This can make a single quarter's results hard to extrapolate.
Competitive position
Competition is intense and fragmented. The company names independently owned distributors in the United States and certain foreign manufacturers with North American distribution businesses as its primary rivals, while abroad it also faces independent and manufacturer-owned distributors 1. Key competitive factors include planning and design capability, pricing, product reliability, in-house installation and service, and on-time delivery 1.
Some competitors may have greater financial resources or less debt than EVI, which could give them more flexibility 1. In garment care, the company will face independent operators, many of them family-owned 1.
- Independent commercial laundry equipment distributors in the US
More than 500 full-line or partial-line distributors, mostly independently owned and locally focused, representing the main US competition 1.
- Foreign manufacturers with North American distribution businesses
Manufacturers that own distribution operations in North America and compete with EVI in the US market 1.
- Independent and manufacturer-owned distributors in foreign markets
Competitors operating outside the US, where EVI sells to Canada, the Caribbean and Latin America 1.
- Independent garment care operators
Independent, often family-owned businesses that serve the consumer garment care market EVI entered through Sudsies 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- EVI Industries Q4 Earnings Call HighlightsYahoo Finance — News · 09 Sept 2026 · EN
The latest news item in our archive is from 09 Sept 2026; the newest SEC filing is from 22 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Annual report (amendment)22 Oct 2026
- Current report08 Sept 2026Results of operations · Financial statements and exhibits
- Annual report08 Sept 2026
- Current report02 Sept 2026Material agreement · Other events · Financial statements and exhibits
- Current report23 Jul 2026Material agreement · Item 3.02 · Other events · Financial statements and exhibits
- Current report11 May 2026Results of operations · Financial statements and exhibits
- Quarterly report11 May 2026
- Current report09 Feb 2026Results of operations · Financial statements and exhibits
- Quarterly report09 Feb 2026
- Current report15 Dec 2025Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2026-06-30 · SEC / EVI Industries, Inc. · 08 Sept 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / EVI Industries, Inc. · 08 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.