EVI Industries Q3 revenue rises on contributions from acquired businesses

EVI Industries

11/05/2026 21:36

Overview

US commercial laundry distributor's fiscal Q3 revenue rose 8% yr/yr to record level

Net income for fiscal Q3 fell to $0.8 mln from $1.0 mln yr/yr

Company says severe weather and customer delays impacted revenue fulfillment during the quarter

Outlook

Company expects operational initiatives to improve scalability, efficiency, and long-term performance

EVI sees higher inventory tied to confirmed customer orders, with large projects expected in Q4

Company continues to evaluate acquisition and investment opportunities in commercial laundry industry

Result Drivers

ACQUISITIONS AND MARKET SHARE - Co said record revenue was driven by contributions from acquired businesses and ongoing market share gains

OPERATIONAL INITIATIVES - Management said operational modernization and process improvement initiatives, including technology investments and field service platform expansion, supported efficiency and customer engagement

REVENUE FULFILLMENT DELAYS - Revenue was negatively affected by severe weather and delays in customer facility readiness, delivery, and installation schedules

Company press release: ID:nBwbjpNRDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$101.13 mln
$111.31 mln (1 Analyst)
Q3 Net Income
$753,000
Q3 Adjusted EBITDA
Miss
$5.60 mln
$7.90 mln (1 Analyst)
Q3 EBIT
$2.26 mln
Q3 Pretax Profit
$1.30 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for EVI Industries Inc is $35.00, about 74.6% above its May 8 closing price of $20.05

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)