\nEVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the first quarter of the fiscal year ending June 30, 2026. The Company also provided updates related to its buy-and-build growth strategy, growth opportunities, and technology investments.<\/p>\n
\nEVI has established itself as a leader in the highly fragmented North American commercial laundry distribution and service industry through execution of its long-term growth strategy. Since the strategy\u2019s inception in 2016, the Company has achieved compounded annual growth rates of 30% in revenue, 15% in net income, and 26% in adjusted EBITDA.<\/p>\n
First Fiscal Quarter Financial Highlights<\/b> (compared to the first quarter of fiscal 2025)<\/p>\n Henry M. Nahmad, Chairman and Chief Executive Officer, commented:<\/i> \u201cOur record results this quarter highlight the success of our sales organization and our ongoing progress in capturing market share across key regions. We believe that this performance underscores the strength of our strategy and the capabilities we are developing across our platform and that, with a solid foundation and strong demand trends, we are well positioned to sustain growth and continue advancing our long-term objectives.\u201d<\/p>\n \nThe Company achieved strong year-over-year revenue growth during the quarter, driven primarily by the addition of acquired businesses and supported by continued stability in its legacy operations. In the first quarter of the prior fiscal year, EVI achieved strong operating leverage, reflected in net income for the quarter of 3.5% of revenue, or adjusted EBITDA of 8.1%, as increased revenues and record gross profits offset spending related to the Company\u2019s modernization and optimization initiatives. Since that time, EVI has completed four additional acquisitions, including the largest in its history, expanding its scale and reinforcing its position as a market leader. In line with management\u2019s confidence in the business and consistent with its long-term growth strategy, the Company accelerated investment in modernization, optimization, and integration efforts. These initiatives, along with costs associated with migrating and consolidating acquired operations, temporarily impacted short-term profitability and prevented the achievement of operating leverage comparable to the prior-year period. Management believes these initiatives will enhance customer experience, expand service opportunities, and support sustainable growth and margin improvement in the years ahead.<\/p>\n Gross Margins<\/b><\/p>\n \nRecord gross margins in the first quarter highlight the benefits of the Company\u2019s disciplined execution and strategic acquisitions. The inclusion of Continental (formerly Girbau North America), acquired during fiscal 2025, had a positive impact on gross margin performance, driving the consolidated gross margin to a record 31.3%. Excluding Continental, gross margins would have been approximately 30.2%, modestly below the prior-year period due to product mix within the historical business. The Company expects to sustain the enhanced gross margin profile realized through Continental while advancing initiatives focused on procurement, supply chain efficiency, pricing, and inventory management\u2014areas where management believes meaningful opportunities exist to further enhance margins and operating efficiency. The Company\u2019s continued utilization of business intelligence tools is expected to support these objectives by enabling data-driven decision-making and greater visibility across its operations.<\/p>\n Operating Efficiency<\/b><\/p>\n \nNet Income for the quarter was 1.7% of revenue, compared to 3.5% in the prior-year period. Adjusted EBITDA for the quarter was 6.2% of revenue, compared to 8.1% in the prior-year period. This variance reflects the Company\u2019s investments in long-term initiatives, including technology modernization, expansion of service capabilities, and integration of recently acquired businesses. Additionally, the results for the quarter were impacted by expenses incurred in connection with the Company\u2019s participation during the quarter in the industry\u2019s largest North American exposition, held for the first time since August 2022. While this investment temporarily affected earnings, the Company believes that the event provided valuable opportunities to strengthen its relationships with customers and partners and reinforce its leadership position in the commercial laundry industry. These combined efforts are expected to continue to enhance the Company\u2019s platform and establish a stronger foundation for future margin expansion, operational efficiency, and sustainable growth.<\/p>\n Capital Strength and Outlook<\/b><\/p>\n \nSupported by a strong balance sheet, ample borrowing capacity, and disciplined capital management, the Company remains well positioned to pursue additional acquisitions, invest in innovation, and advance its operational initiatives. The declaration of a $5.0 million special cash dividend during the quarter\u2014the largest in EVI\u2019s history\u2014reflects management\u2019s confidence in the Company\u2019s financial strength and long-term outlook. The dividend of $0.33 per share was paid on October 6, 2025, to stockholders of record at the close of business on September 25, 2025. With sustained demand across end markets and a strategy focused on growth and optimization, EVI continues to prioritize durable value creation over short-term margin gains, reinforcing its commitment to building a scalable and market resilient platform for the future.<\/p>\n Technology Investments<\/b><\/p>\n Acquisition Initiatives<\/b><\/p>\n \nAs a preferred acquirer within the commercial laundry industry, the Company continues to explore many qualified acquisition and strategic investment opportunities. Management believes that the Company\u2019s expanded footprint and enhanced platform capabilities position it to capitalize on opportunities across the fragmented commercial laundry equipment and services market.<\/p>\n Financial Strength and Liquidity<\/b><\/p>\n \nEVI remains focused on maintaining a strong balance sheet and access to low-cost capital to fund strategic investments and future growth initiatives. The Company\u2019s financial position continues to support its buy-and-build strategy, ongoing technology investments, and shareholder-return objectives. During the first fiscal quarter, net debt increased $2.2 million to $46.3 million, due primarily to $1.0 million in operating cash flow, offset in part by investing activities.<\/p>\n Tariff Management<\/b><\/p>\n \nEVI continues to monitor tariff developments and their potential impact on the Company\u2019s results and operations. To offset higher supplier costs, the Company has adjusted pricing, diversified sourcing, and established agreements with key foreign suppliers to stabilize pricing. The Company believes that, despite ongoing trade-policy uncertainty, EVI\u2019s essential product portfolio and resilient end-market demand provide a strong foundation for continued performance.<\/p>\n Mr. Nahmad commented:<\/i> \u201cWhen we look at our results, it\u2019s important to remember that everything we\u2019re doing is about the long game. Every acquisition, every system we implement, every process we improve \u2014 it\u2019s all focused on building a stronger company that can perform across any market cycle. We\u2019re not optimizing for a single quarter or even a single year. We\u2019re building for sustainable growth, profitability, and long-term value. The bottom line is this: we\u2019re growing, we\u2019re modernizing, and we\u2019re investing with confidence. We\u2019re capturing market share, expanding our service and technology capabilities, and positioning EVI for sustainable, long-term growth \u2014 and we\u2019re confident that our strategy and the opportunities ahead will keep driving our success.\u201d<\/p>\n Earnings Call and Additional Information<\/b><\/p>\n \nThe Company has provided a pre-recorded earnings conference call, including a business update, which can be accessed under \u201cFinancial Info\u201d in the \u201cInvestors\u201d section of the Company\u2019s website at www.evi-ind.com<\/a> or by visiting https:\/\/ir.evi-ind.com\/message-from-the-ceo<\/a>. For additional information regarding the Company\u2019s results for the quarter ended September 30, 2025, please see the Company\u2019s Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, as filed with the Securities and Exchange Commission on or about the date hereof.<\/p>\n Use of Non-GAAP Financial Information<\/b><\/p>\n \nIn this press release, EVI discloses the non-GAAP financial measure of adjusted EBITDA, which EVI defines as earnings before interest, taxes, depreciation, amortization, and amortization of stock-based compensation. Adjusted EBITDA is determined by adding interest expense, income taxes, depreciation, amortization, and amortization of stock-based compensation to net income, as shown in the attached statement of Condensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation. EVI considers adjusted EBITDA to be an important indicator of its operating performance. Adjusted EBITDA is also used by companies, lenders, investors and others because it excludes certain items that can vary widely across different industries or among companies within the same industry. For example, interest expense can be dependent on a company\u2019s capital structure, debt levels and credit ratings, and the tax positions of companies can vary because of their differing abilities to take advantage of tax benefits and because of the tax policies of the jurisdictions in which they operate. Adjusted EBITDA should not be considered as an alternative to net income or any other measure of financial performance or liquidity, including cash flow, derived in accordance with GAAP, or to any other method of analyzing EVI\u2019s results as reported under GAAP.<\/p>\n About EVI Industries<\/b><\/p>\n \nEVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. Through its vast sales organization, the Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and\/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company\u2019s robust network of commercial laundry technicians, the Company provides its customers with installation, maintenance, and repair services. The Company\u2019s customers include retail, commercial, industrial, institutional, and government customers. Purchases made by customers range from parts and accessories to single or multiple units of equipment, to large complex systems as well as the purchase of the Company\u2019s installation, maintenance, and repair services.<\/p>\n Safe Harbor Statement<\/b><\/p>\n \nExcept for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as \u201cmay,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cseek,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cstrategy\u201d and similar expressions are intended to identify forward looking statements. Forward looking statements may relate to, among other things, events, conditions, and trends that may affect the future plans, operations, business, strategies, operating results, financial position and prospects of the Company. Forward looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements of the Company, or industry trends and results, to differ materially from the future results, trends, performance or achievements expressed or implied by such forward looking statements. These risks and uncertainties include, among others, those associated with: general economic and business conditions in the United States and other countries where the Company operates or where the Company\u2019s customers and suppliers are located; economic uncertainty, including as it relates to governmental measures such as the imposition of tariffs and their effect on the pricing and demand for, and availability of, the Company\u2019s products, global trading markets, credit markets, industry conditions, economic conditions generally or otherwise on the Company and its business and results, and the risk that the measures taken or which may be taken by the Company may not be successful; currency exchange fluctuations, including that a weakening of the U.S. dollar would result in increased costs, which in turn would negatively affect the Company\u2019s operating results; the potential of a recession; industry conditions and trends; credit market volatility; risks related to supply chain delays and disruptions and their impact on the Company\u2019s business and results, including the Company\u2019s ability to deliver products and services to its customers on a timely basis; risks relating to inflation, including the current inflationary trend, and other price increases (including due to the imposition of tariffs), and their impact on the Company\u2019s costs and results (including that, if desired, the Company may not be able to successfully increase the price of its products and services to offset such costs, in whole or in part, and that price increases may result in reduced demand for the Company\u2019s products and services); risks related to interest rate increases, including the impact thereof on the cost of the Company\u2019s indebtedness and the Company\u2019s ability to raise capital if deemed necessary or advisable; the Company\u2019s ability to implement its business and growth strategies and plans, including changes thereto; risks and uncertainties associated with the Company\u2019s \u201cbuy-and-build\u201d growth strategy, including, without limitation, that the Company may not be successful in identifying or consummating acquisitions or other strategic transactions, integration risks, risks related to indebtedness incurred by the Company in connection with the financing of acquisitions and other strategic transactions, dilution experienced by the Company\u2019s existing stockholders as a result of the issuance of shares of the Company\u2019s common stock in connection with acquisitions or other strategic transactions (or for other purposes), risks related to the business, results, operations and prospects of acquired businesses, risks that suppliers of the acquired business may not consent to the transaction or otherwise continue its relationship with the acquired business following the transaction and the impact that the loss of any such supplier may have on the results of the Company and the acquired business, risks that the Company\u2019s goals or expectations with respect to acquisitions and other strategic transactions may not be met, and risks related to the accounting for acquisitions; risks that investments, initiatives and expenses, including, without limitation, investments in acquired businesses and strategic and technology initiatives (including those associated with the Company\u2019s field service software), and other investments, initiatives and expenses, including procurement, supply chain efficiency, pricing, and inventory management initiatives, may not result in the benefits anticipated; risks relating to Company\u2019s planned e-commerce platform, including potential delays in the launch of the platform and the risk that the platform may not perform or positively impact the Company\u2019s results as anticipated; the utilization of business intelligence tools may not result in the benefits anticipated; the Company\u2019s service operations and capabilities may not expand; the impact of measures which the Company may take from time to time in connection with its expansion efforts and pursuit of market share growth, including that they may not be successful and may adversely impact the Company\u2019s gross margin and other financial results; technology changes; competition, including the Company\u2019s ability to compete effectively and the impact that competition may have on the Company and its results, including the prices which the Company may charge for its products and services and on the Company\u2019s profit margins, and competition for qualified employees; risks relating to the Company\u2019s relationships with its principal suppliers and customers, including the impact of the loss of any such relationship; risks related to the Company\u2019s indebtedness; the availability, terms and deployment of debt and equity capital if needed for expansion or otherwise; risks of cybersecurity threats or incidents, including the potential misappropriation or use of assets or confidential information, corruption of data or operational disruptions; and that dividends may not be paid in the future. Reference is also made to the other economic, competitive, governmental, technological and other risks and factors discussed in the Company\u2019s filings with the SEC, including, without limitation, in the \u201cRisk Factors\u201d section of the Company\u2019s Annual Report on Form 10-K for the fiscal year ended June 30, 2025. Many of these risks and factors are beyond the Company\u2019s control. Further, past performance and perceived trends may not be indicative of future results. The Company cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. The Company does not undertake to, and specifically disclaims any obligation to, update, revise or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law.<\/p>\n EVI Industries, Inc.<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCondensed Consolidated Results of Operations (in thousands, except per share data)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nUnaudited<\/p>\n<\/td>\n \nUnaudited<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3-Months Ended<\/p>\n<\/td>\n \n3-Months Ended<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n9\/30\/25<\/p>\n<\/td>\n \n9\/30\/24<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nRevenues<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 108,269<\/p>\n<\/td>\n \n$ 93,625<\/p>\n<\/td>\n<\/tr>\n \nCost of Sales<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n74,377<\/p>\n<\/td>\n \n64,770<\/p>\n<\/td>\n<\/tr>\n \nGross Profit<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,892<\/p>\n<\/td>\n \n28,855<\/p>\n<\/td>\n<\/tr>\n \nSG&A<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,330<\/p>\n<\/td>\n \n23,866<\/p>\n<\/td>\n<\/tr>\n \nOperating Income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,562<\/p>\n<\/td>\n \n4,989<\/p>\n<\/td>\n<\/tr>\n \nInterest Expense, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n916<\/p>\n<\/td>\n \n482<\/p>\n<\/td>\n<\/tr>\n \nIncome before Income Taxes<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,646<\/p>\n<\/td>\n \n4,507<\/p>\n<\/td>\n<\/tr>\n \nProvision for Income Taxes<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n799<\/p>\n<\/td>\n \n1,276<\/p>\n<\/td>\n<\/tr>\n \nNet Income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 1,847<\/p>\n<\/td>\n \n$ 3,231<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nNet Earnings per Share<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nBasic<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 0.12<\/p>\n<\/td>\n \n$ 0.22<\/p>\n<\/td>\n<\/tr>\n \nDiluted<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 0.11<\/p>\n<\/td>\n \n$ 0.21<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nWeighted Average Shares Outstanding<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nBasic<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,768<\/p>\n<\/td>\n \n12,685<\/p>\n<\/td>\n<\/tr>\n \nDiluted<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n13,656<\/p>\n<\/td>\n \n13,047<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n EVI Industries, Inc.<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCondensed Consolidated Balance Sheets (in thousands, except per share data)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nUnaudited<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9\/30\/25<\/p>\n<\/td>\n \n6\/30\/25<\/p>\n<\/td>\n<\/tr>\n \nAssets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nCurrent assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCash<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 4,658<\/p>\n<\/td>\n \n$ 8,852<\/p>\n<\/td>\n<\/tr>\n \nAccounts receivable, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n63,488<\/p>\n<\/td>\n \n60,494<\/p>\n<\/td>\n<\/tr>\n \nInventories, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n75,231<\/p>\n<\/td>\n \n66,059<\/p>\n<\/td>\n<\/tr>\n \nVendor deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n2,726<\/p>\n<\/td>\n \n1,396<\/p>\n<\/td>\n<\/tr>\n \nContract assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n95<\/p>\n<\/td>\n \n289<\/p>\n<\/td>\n<\/tr>\n \nOther current assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n11,939<\/p>\n<\/td>\n \n8,346<\/p>\n<\/td>\n<\/tr>\n \nTotal current assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n158,137<\/p>\n<\/td>\n \n145,436<\/p>\n<\/td>\n<\/tr>\n \nEquipment and improvements, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n18,516<\/p>\n<\/td>\n \n17,772<\/p>\n<\/td>\n<\/tr>\n \nOperating lease assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n12,458<\/p>\n<\/td>\n \n10,751<\/p>\n<\/td>\n<\/tr>\n \nIntangible assets, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n30,095<\/p>\n<\/td>\n \n30,875<\/p>\n<\/td>\n<\/tr>\n \nGoodwill<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n92,096<\/p>\n<\/td>\n \n91,667<\/p>\n<\/td>\n<\/tr>\n \nOther assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,448<\/p>\n<\/td>\n \n10,527<\/p>\n<\/td>\n<\/tr>\n \nTotal assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 321,750<\/p>\n<\/td>\n \n$ 307,028<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nLiabilities and Shareholders\u2019 Equity<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCurrent liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccounts payable and accrued expenses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 63,159<\/p>\n<\/td>\n \n$ 50,963<\/p>\n<\/td>\n<\/tr>\n \nAccrued employee expenses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n16,573<\/p>\n<\/td>\n \n15,398<\/p>\n<\/td>\n<\/tr>\n \nCustomer deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n27,339<\/p>\n<\/td>\n \n24,316<\/p>\n<\/td>\n<\/tr>\n \nContract liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,340<\/p>\n<\/td>\n \n408<\/p>\n<\/td>\n<\/tr>\n \nCurrent portion of operating lease liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,909<\/p>\n<\/td>\n \n3,778<\/p>\n<\/td>\n<\/tr>\n \nTotal current liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n112,320<\/p>\n<\/td>\n \n94,863<\/p>\n<\/td>\n<\/tr>\n \nDeferred income taxes, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,627<\/p>\n<\/td>\n \n7,691<\/p>\n<\/td>\n<\/tr>\n \nLong-term operating lease liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n10,037<\/p>\n<\/td>\n \n7,997<\/p>\n<\/td>\n<\/tr>\n \nLong-term debt, net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n51,000<\/p>\n<\/td>\n \n53,000<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n180,984<\/p>\n<\/td>\n \n163,551<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nShareholders’ equity<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nPreferred stock, $1.00 par value<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n<\/tr>\n \nCommon stock, $.025 par value<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n326<\/p>\n<\/td>\n \n325<\/p>\n<\/td>\n<\/tr>\n \nAdditional paid-in capital<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n112,459<\/p>\n<\/td>\n \n111,219<\/p>\n<\/td>\n<\/tr>\n \nTreasury stock<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(5,971)<\/p>\n<\/td>\n \n(5,155)<\/p>\n<\/td>\n<\/tr>\n \nRetained earnings<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n33,952<\/p>\n<\/td>\n \n37,088<\/p>\n<\/td>\n<\/tr>\n \nTotal shareholders’ equity<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n140,766<\/p>\n<\/td>\n \n143,477<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities and shareholders’ equity<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 321,750<\/p>\n<\/td>\n \n$ 307,028<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n EVI Industries, Inc.<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCondensed Consolidated Statements of Cash Flows (in thousands) (unaudited)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nFor the three months ended<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9\/30\/25<\/p>\n<\/td>\n \n9\/30\/24<\/p>\n<\/td>\n<\/tr>\n \nOperating activities:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nNet income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 1,847<\/p>\n<\/td>\n \n$ 3,231<\/p>\n<\/td>\n<\/tr>\n \nAdjustments to reconcile net income to net cash provided by operating activities:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDepreciation and amortization<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,949<\/p>\n<\/td>\n \n1,550<\/p>\n<\/td>\n<\/tr>\n \nAmortization of debt discount<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n \n9<\/p>\n<\/td>\n<\/tr>\n \nProvision for expected credit losses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n218<\/p>\n<\/td>\n \n352<\/p>\n<\/td>\n<\/tr>\n \nNon-cash lease expense<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(14)<\/p>\n<\/td>\n \n22<\/p>\n<\/td>\n<\/tr>\n \nStock compensation<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,241<\/p>\n<\/td>\n \n1,067<\/p>\n<\/td>\n<\/tr>\n \nInventory reserve<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n321<\/p>\n<\/td>\n \n251<\/p>\n<\/td>\n<\/tr>\n \n(Benefit) provision for deferred income taxes<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(64)<\/p>\n<\/td>\n \n35<\/p>\n<\/td>\n<\/tr>\n \nOther<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n155<\/p>\n<\/td>\n \n(105)<\/p>\n<\/td>\n<\/tr>\n \n(Increase) decrease in operating assets:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccounts receivable<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,212)<\/p>\n<\/td>\n \n(4,894)<\/p>\n<\/td>\n<\/tr>\n \nInventories<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(9,486)<\/p>\n<\/td>\n \n(1,538)<\/p>\n<\/td>\n<\/tr>\n \nVendor deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,321)<\/p>\n<\/td>\n \n(491)<\/p>\n<\/td>\n<\/tr>\n \nContract assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n194<\/p>\n<\/td>\n \n860<\/p>\n<\/td>\n<\/tr>\n \nOther assets<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(3,036)<\/p>\n<\/td>\n \n(3,213)<\/p>\n<\/td>\n<\/tr>\n \nIncrease (decrease) in operating liabilities:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nAccounts payable and accrued expenses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n7,101<\/p>\n<\/td>\n \n4,461<\/p>\n<\/td>\n<\/tr>\n \nAccrued employee expenses<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,175<\/p>\n<\/td>\n \n134<\/p>\n<\/td>\n<\/tr>\n \nCustomer deposits<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3,023<\/p>\n<\/td>\n \n(1,747)<\/p>\n<\/td>\n<\/tr>\n \nContract liabilities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n932<\/p>\n<\/td>\n \n223<\/p>\n<\/td>\n<\/tr>\n \nNet cash provided by operating activities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,023<\/p>\n<\/td>\n \n207<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nInvesting activities:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCapital expenditures<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(1,913)<\/p>\n<\/td>\n \n(1,253)<\/p>\n<\/td>\n<\/tr>\n \nCash paid for acquisitions, net of cash acquired<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(488)<\/p>\n<\/td>\n \n(5,885)<\/p>\n<\/td>\n<\/tr>\n \nNet cash used by investing activities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,401)<\/p>\n<\/td>\n \n(7,138)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nFinancing activities:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nProceeds from borrowings<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n15,000<\/p>\n<\/td>\n \n19,000<\/p>\n<\/td>\n<\/tr>\n \nDebt repayments<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(17,000)<\/p>\n<\/td>\n \n(12,000)<\/p>\n<\/td>\n<\/tr>\n \nRepurchases of common stock in satisfaction of employee tax withholding obligations<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(816)<\/p>\n<\/td>\n \n(254)<\/p>\n<\/td>\n<\/tr>\n \nNet cash (used) provided by financing activities<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(2,816)<\/p>\n<\/td>\n \n6,746<\/p>\n<\/td>\n<\/tr>\n \nNet decrease in cash<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n(4,194)<\/p>\n<\/td>\n \n(185)<\/p>\n<\/td>\n<\/tr>\n \nCash at beginning of period<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n8,852<\/p>\n<\/td>\n \n4,558<\/p>\n<\/td>\n<\/tr>\n \nCash at end of period<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 4,658<\/p>\n<\/td>\n \n$ 4,373<\/p>\n<\/td>\n<\/tr>\n<\/table>\n EVI Industries, Inc.<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCondensed Consolidated Statements of Cash Flows (in thousands) (unaudited)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nFor the three months ended<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n9\/30\/25<\/p>\n<\/td>\n \n9\/30\/24<\/p>\n<\/td>\n<\/tr>\n \nSupplemental disclosures of cash flow information:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nCash paid during the period for interest<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 1,041<\/p>\n<\/td>\n \n$ 413<\/p>\n<\/td>\n<\/tr>\n \nCash paid during the period for income taxes<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 1,565<\/p>\n<\/td>\n \n–<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nSupplemental disclosures of non-cash financing activities:<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n \nDividends payable<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 4,983<\/p>\n<\/td>\n \n$ 4,593<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n \n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \nThe following table reconciles net income, the most comparable GAAP financial measure, to Adjusted EBITDA.<\/p>\n<\/td>\n<\/tr>\n EVI Industries, Inc.<\/b><\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nCondensed Consolidated Earnings before Interest, Taxes, Depreciation, Amortization, and Amortization of Stock-based Compensation (in thousands)<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \nUnaudited<\/p>\n<\/td>\n \nUnaudited<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n3-Months Ended<\/p>\n<\/td>\n \n3-Months Ended<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n9\/30\/25<\/p>\n<\/td>\n \n9\/30\/24<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \nNet Income<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 1,847<\/p>\n<\/td>\n \n$ 3,231<\/p>\n<\/td>\n<\/tr>\n \nProvision for Income Taxes<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n799<\/p>\n<\/td>\n \n1,276<\/p>\n<\/td>\n<\/tr>\n \nInterest Expense, Net<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n916<\/p>\n<\/td>\n \n482<\/p>\n<\/td>\n<\/tr>\n \nDepreciation and Amortization<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,949<\/p>\n<\/td>\n \n1,550<\/p>\n<\/td>\n<\/tr>\n \nAmortization of Stock-based Compensation<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n1,241<\/p>\n<\/td>\n \n1,067<\/p>\n<\/td>\n<\/tr>\n \nAdjusted EBITDA<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n$ 6,752<\/p>\n<\/td>\n \n$ 7,606<\/p>\n<\/td>\n<\/tr>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n<\/td>\n \n\u00a0<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251110692319\/en\/<\/a><\/span><\/p>\n \nEVI Industries, Inc. \nHenry M. Nahmad\n
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\n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n <\/tr>\n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/tr>\n<\/table>\n <\/p>\n
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4500 Biscayne Blvd., Suite 340
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Miami, Florida 33137
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(305) 402-9300<\/p>\n
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Chairman and CEO
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(305) 402-9300<\/p>\n