Quarterly ResultMay 11, 2026, 04:22 PM
EVI Industries Q3 Revenue $101.1M, +8.1%; 9-Month Revenue $324.7M, +16.0%
AI Summary
EVI Industries reported a 16.0% increase in revenues to $324.7 million for the nine months ended March 31, 2026, compared to $279.9 million in the prior year. However, net income for the nine-month period decreased by 8.0% to $5.0 million, with diluted earnings per share falling to $0.31 from $0.35. For the three months ended March 31, 2026, revenues grew 8.1% to $101.1 million, but net income declined 27.7% to $0.8 million. The company continued its "buy-and-build" strategy, completing two acquisitions in fiscal 2026 and four in fiscal 2025.
Key Highlights
- Nine-month revenues increased 16.0% to $324.7 million from $279.9 million year-over-year.
- Nine-month net income decreased 8.0% to $5.0 million from $5.4 million year-over-year.
- Nine-month diluted EPS fell 11.4% to $0.31 from $0.35 year-over-year.
- Three-month revenues grew 8.1% to $101.1 million from $93.5 million year-over-year.
- Three-month net income decreased 27.7% to $0.8 million from $1.0 million year-over-year.
- Acquired ASN Laundry Group for $0.5 million cash and Belenky, Inc. for $2.4 million cash and $0.8 million payable in fiscal 2026.
- Paid $5.0 million in dividends ($0.33 per share) and repurchased $1.5 million of common stock during the nine months.
- Net cash provided by operating activities for nine months was $7.2 million, down from $11.3 million.