EVI Industries (NYSEAMERICAN:EVI) Issues Earnings Results

EVI Industries (NYSEAMERICAN:EVI) released its quarterly earnings data on Tuesday. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17, FiscalAI reports. EVI Industries had a net margin of 1.63% and a return on equity of 4.92%. The firm had revenue of $121.87 million for the quarter, compared to analysts’ expectations of $117.10 million.

Here are the key takeaways from EVI Industries’ conference call:

• Record fiscal 2026 results: Revenue reached approximately $447 million and gross profit $141 million, with record gross margin of 31.5%. Management highlighted that gross profit grew faster than revenue, indicating improved business quality and profitability.
• Commercial laundry operating businesses generated an adjusted EBITDA margin above 10% before corporate expense in the fourth quarter, demonstrating meaningful operating leverage as prior investments in people, technology, and processes begin to scale.
• EVI completed three acquisitions during and shortly after fiscal year-end, including two commercial laundry businesses and Sudsies, which establishes a new consumer garment care services division. Management sees substantial opportunity to build a second division through additional acquisitions of fragmented, locally trusted operators.
• The company generated approximately $21 million in operating cash flow and ended June with about $44 million of net debt, essentially unchanged despite acquisitions and ongoing investments. Management said this conservative balance sheet provides flexibility to pursue opportunities without forcing acquisitions.
• Management described a meaningful acquisition pipeline across both business areas but emphasized continued discipline regarding valuation, culture, leadership, and strategic fit. It also identified CRM deployment and further expansion of recurring service and consumables revenue as future growth opportunities.

EVI Industries Stock Performance

NYSEAMERICAN EVI opened at $14.51 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.60 and a quick ratio of 0.76. EVI Industries has a 1-year low of $12.75 and a 1-year high of $34.82. The business has a 50 day simple moving average of $14.97 and a two-hundred day simple moving average of $17.51. The stock has a market capitalization of $186.74 million, a PE ratio of 32.25 and a beta of 0.09.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed a “buy” rating and set a $32.00 target price on shares of EVI Industries in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $32.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of EVI Industries by 45.2% in the third quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 491 shares in the last quarter. Deutsche Bank AG lifted its position in EVI Industries by 17.5% during the fourth quarter. Deutsche Bank AG now owns 4,017 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 597 shares during the last quarter. Natixis Advisors LLC lifted its position in EVI Industries by 1.7% during the third quarter. Natixis Advisors LLC now owns 36,518 shares of the industrial products company’s stock valued at $1,154,000 after purchasing an additional 622 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of EVI Industries by 1.4% in the 3rd quarter. Pathstone Holdings LLC now owns 49,524 shares of the industrial products company’s stock worth $1,565,000 after buying an additional 665 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of EVI Industries by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 16,697 shares of the industrial products company’s stock worth $411,000 after buying an additional 700 shares in the last quarter. 37.30% of the stock is currently owned by institutional investors.

About EVI Industries

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.