Evi Industries(NYSEMKT) EVI

EVI helps businesses wash and dry large amounts of laundry. They sell heavy-duty machines and provide expert repair services. This helps hospitals and hotels keep their sheets and towels clean.

What Do They Sell?

• Laundry Equipment: Sells heavy-duty machines for washing, drying, and ironing large loads of fabric; serves as the primary revenue source for the commercial laundry segment.
• Replacement Parts: Supplies components and accessories needed to keep commercial laundry systems running daily.
• Technical Services: Provides professional installation, maintenance, and repair work through a network of skilled technicians.
• Professional Advisory: Delivers planning, design, and consulting services for businesses building or updating laundry facilities.
• Leasing Solutions: Arranges rental and leasing plans for laundry machines and hot water boilers used by commercial customers.

Buying Their Way to Growth

• Acquired ASN Laundry Group in August 2025 to increase its presence in the New York market.
• Purchased the assets of Belenky, Inc. in February 2026 to expand operations into the Ohio region.
• Consummated the acquisition of Girbau North America, Inc. in April 2025 to act as a master distributor for commercial products.
• Added O’Dell Equipment & Supply, Inc. and Haiges Machinery, Inc. through asset purchases during fiscal 2025.

How EVI Stays Local

EVI uses a business model that lets its local subsidiaries make their own decisions. This strategy helps the company stay close to its customers while using its larger size to get better prices from suppliers.

By the Numbers

• Revenues hit $101.1 million in Q3 2026, up 8.1% from $93.5 million in Q3 2025.
• Gross profit reached $32.8 million in Q3 2026, up 17% from $28.1 million in the previous year.
• Net income was $753,000 in Q3 2026, down 27.7% from $1.04 million year-over-year.
• Total debt increased to $60 million at March 31, 2026, compared to $53 million in June 2025.

The Final Word

EVI has transformed from a small business into a large North American distributor by continuously acquiring local firms. Its focus on providing both machines and long-term maintenance helps it keep strong relationships with its customers.