EVI Industries, Inc. (NYSE American: EVI) announced financial results for the fiscal year and fourth quarter ended June 30, 2026, reporting record revenue, gross profit, and operating income. The company reported total revenue of $446.6 million for fiscal 2026, a 15% increase compared to the prior year. This growth was accompanied by a 19% increase in gross profit to $140.7 million, which represented a record gross margin of 31.5%. Operating income rose 14% to $15.7 million, while net income increased 3% to $7.7 million.
For the fourth quarter alone, revenue reached a record $121.9 million, an 11% increase over the prior year. The company achieved record gross profit of $38.5 million, or 31.6%, and record operating income of $5.6 million. Net income for the quarter was $2.7 million, a 31% increase, while adjusted EBITDA increased 26% to a record $9.1 million.
EVI completed two acquisitions during fiscal 2026: ASN Laundry Group in August 2025 and Belenky, Inc. in February 2026. Following the fiscal year end, the company established a new consumer garment care services division and closed the acquisition of Sudsies, Inc. on September 1, 2026. The company generated $20.6 million in operating cash flow for the fiscal year and $13.4 million in the fourth quarter. Net debt stood at $44.2 million as of June 30, 2026, declining by $11.5 million during the quarter.
