EVI Industries Achieves Record First Quarter Results

Evi Industries, Inc. ( (EVI) ) has released its Q1 earnings. Here is a breakdown of the information Evi Industries, Inc. presented to its investors.

EVI Industries, Inc., a leader in the North American commercial laundry distribution and service industry, operates through a network of subsidiaries providing equipment and services to a diverse customer base. The company reported record-breaking results for its first fiscal quarter ending June 2025, with increases in revenue, gross profit, operating profit, and net income. Notably, EVI achieved a 6% increase in revenue to $93.6 million and a 152% rise in net income to $3.2 million, reflecting strategic growth and efficiency initiatives.

Key highlights of EVI’s first quarter include the completion of an acquisition, which added valuable sales and service expertise to its Southeast Group, and the declaration of a $4.6 million special cash dividend. The company’s gross margin improved to 30.8%, and adjusted EBITDA rose to a new high of $7.6 million. The acquisition of Laundry Pro of Florida exemplifies EVI’s ongoing buy-and-build strategy, aiming to form the largest and most cohesive organization in its field.

EVI has also been investing in technological advancements to modernize and enhance operational efficiency. These efforts include the consolidation of business units into enterprise resource planning systems and the implementation of field service technology, which are expected to support long-term growth and profitability. Despite a decrease in cash provided by operating activities, the company maintains a strong balance sheet with significant liquidity.

Looking forward, EVI Industries remains confident in its growth trajectory, driven by a robust financial position and a strategic focus on acquisitions and technology investments. The company anticipates continued progress in achieving its performance goals, supported by its entrepreneurial culture and commitment to operational excellence.