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02.03.26 - 15:21
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EVI Industries Completes Acquisition of Belenky (Business Wire)
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MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: “EVI”) announced today that it entered into and closed a definitive agreement to acquire Akron, Ohio-based Belenky, Inc. (“Belenky”), a distributor of commercial laundry products and provider of related installation and maintenance services. Belenky represents the thirty-second (32nd) commercial laundry business to join the EVI family.
Belenky is a fifth-generation, family-owned laundry distributor and service provider led by the Minster family, currently under the leadership of Rob Minster, Emily Prioletti, and Mike Prioletti. Supported by its seventeen (17) dedicated employees, Belenky has established deep customer relationships and earned a reputation for dependable service. The addition of Belenky expands EVI's presence in Ohio and adds an experienced team with longstanding customer relationships. Through EVI's continued deployment of technologies and operating systems designed to improve efficiency, speed, and scalability across i...
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09.02.26 - 22:03
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EVI Industries Reports Record Second Quarter Results (Business Wire)
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Revenue increased 24% resulting in record revenue, gross profit, and operating profit, surpassed $425M in revenues for the twelve months ended December 31, 2025, and continued investments in modernization and optimization initiatives.MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the second 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 continued investments in technology, modernization, and operational optimization initiatives.
Since commencing execution of its long-term growth strategy in 2016, EVI has transformed from a single-location business in Florida with 31 employees into a leading North American commercial laundry distribution and service enterprise encompassing 31 businesses and employing over 900 associates, including more than 200 sales professionals and over 425 service personnel. The disciplined execution of this strategy ha...
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10.11.25 - 22:06
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EVI Industries Reports Record Revenues and Gross Profits for the First Quarter of Fiscal 2026 (Business Wire)
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MIAMI--(BUSINESS WIRE)--EVI 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.
EVI 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's inception in 2016, the Company has achieved compounded annual growth rates of 30% in revenue, 15% in net income, and 26% in adjusted EBITDA.
First Fiscal Quarter Financial Highlights (compared to the first quarter of fiscal 2025)
Revenue increased 16% to a record $108 million,
Gross Profit increased 17% to a record $33.9 million, or a record 31.3%,
Operating Income was $3.6 million compared to $5.0 million,
Net Income was $1.8 million compared to $3.2 million, and
Adjusted EBITDA was $6.8 million compared to $7....
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11.09.25 - 22:39
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EVI Industries Reports Record Fiscal 2025 Results, Fueled by Strategic Acquisitions, Organic Growth, Technological Advancements, and Market Expansion, and Announces Special Cash Dividend (Business Wire)
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Completed Four Acquisitions, Including the Largest in Company History, Delivered 7% Compounded Annual Organic Revenue Growth, and Expanded Strategic InvestmentsMIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the fourth quarter and fiscal year ended June 30, 2025. The Company also provided updates related to its buy-and-build growth strategy, growth opportunities, and technology investments, and announced a special cash dividend.
EVI has established itself as the leader in the highly fragmented North American commercial laundry distribution and service industry through execution of its long-term growth strategy. Since the strategy's inception in 2016, the Company has achieved compounded annual growth rates of 30% in revenue, 18% in net income, and 27% in adjusted EBITDA. These results have been driven by the acquisition of 31 businesses, along with a 7% compounded annual growth rate in organic revenue, highlighting the effectiveness of EVI's dis...
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03.09.25 - 13:01
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The Zacks Analyst Blog Highlights NVIDIA, Chevron, Booking Holdings, EVI Industries and AMCON Distributing (Zacks)
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Zacks spotlights NVIDIA, Chevron, Booking, and two microcaps, EVI Industries and AMCON Distributing, with research updates spanning AI, energy, travel, and distribution....
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04.08.25 - 17:12
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EVI Industries Completes Acquisition of ASN Laundry Group (Business Wire)
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MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: “EVI” or the “Company”) announced today that it simultaneously executed a definitive asset purchase agreement and completed the acquisition of ASN Laundry Group (“ASN”), a New York-based distributor of commercial laundry products and a provider of related technical installation and maintenance services. ASN is EVI's 31st acquisition in the commercial laundry distribution and service industry. The addition of ASN increases EVI's presence and market share in the state of New York and will enable the Company to provide increased customer service.
Henry M. Nahmad, EVI's Chairman and Chief Executive Officer, commented: “This acquisition is about more than expanding our footprint—it is about investing in people. Customers do not buy brands; they buy trust, relationships, and expertise. By bringing together the entrepreneurial spirit of thirty-one family-owned businesses, the salespeople, technicians, and specialists who make those s...
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12.05.25 - 22:57
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EVI Industries Reports Record Results for the Three and Nine-Month Periods Ended March 31, 2025 (Business Wire)
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Increased Sales, Record Gross Profits and Over $9 Million in Operating Cash Flow. Following Quarter-End, EVI Completed its Largest Acquisition, Which Is Expected to Significantly Increase Revenue and Operating Profit and Position the Company for Future Growth
MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: EVI) announced today its operating results for the three and nine-month periods ended March 31, 2025, which included certain record results. The Company also provided commentary on its results of operations, cash flow and financial position, its acquisition of Girbau North America, Inc. (GNA), which was completed following quarter-end, and investments in furtherance of its technology initiatives. Click here to listen to the Company's recorded earnings call.
Since 2016, EVI has established itself as a leader in the highly fragmented North American commercial laundry distribution and service industry by thoughtfully executing the Company's long-term growth strategy, which has resulted in a ...
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04.04.25 - 00:15
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Top Stock Reports for Cisco, Caterpillar & CME (Zacks)
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Today's Research Daily features new research reports on 16 major stocks, including Cisco Systems, Inc. (CSCO), Caterpillar Inc. (CAT) and CME Group Inc. (CME), as well as two micro-cap stocks EVI Industries, Inc. (EVI) and Franklin Financial Services Corp. (FRAF)....
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02.04.25 - 22:24
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EVI Industries Completes Acquisition of Girbau North America (Business Wire)
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The Acquisition Enhances EVI's Leadership Position with Talented People, High-Quality Products, and New Technologies, and is Expected to Substantially Increase Operating Income
MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: EVI) (“EVI” or the “Company”) announced today the completion of its previously announced acquisition of Girbau North America, Inc. (“GNA”), a master distributor of commercial laundry products.
The addition of GNA represents a transformational event in the Company's history as it is expected to substantially increase EVI's leading market position in the North American commercial laundry industry, expand EVI's talent base with a core management team that averages 25 years of industry experience, and provide a platform through which EVI may accelerate its market share growth. Through GNA, EVI will continue to promote the sale of Girbau-manufactured products across GNA's longstanding distributor network. Additionally, GNA may expand its product offerings to i...
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