Quarterly ResultMay 11, 2026, 04:23 PM
EVI Industries Q3 Revenue $101.1M, Gross Profit $32.8M; Acquires Belenky
AI Summary
EVI Industries reported record third-quarter fiscal year 2026 results, with revenue increasing 8% to $101.1 million and gross profit rising 17% to $32.8 million. Despite these gains, net income for the quarter decreased to $0.8 million from $1.0 million year-over-year. The company also announced the acquisition of Belenky, Inc., its 32nd commercial laundry business, and continued progress on operational optimization and technology deployment.
Key Highlights
- Acquired Belenky, Inc., an Ohio-based commercial laundry distributor, marking its 32nd acquisition.
- Q3 revenue increased 8% to a record $101.1 million compared to $93.5 million in the prior year.
- Q3 gross profit rose 17% to a record $32.8 million, with gross margin reaching 32.5%.
- Q3 net income was $0.8 million, down from $1.0 million in the same period last year.
- Q3 Adjusted EBITDA increased 11% to $5.6 million, or 5.5% of revenue.
- Nine-month revenue increased 16% to a record $324.7 million.
- Nine-month gross profit increased 21% to a record $102.2 million, with gross margin at 31.5%.
- Premier Chemical Solutions division increased sales revenue by 49% for the nine months.