MIAMI — Commercial laundry equipment distributor EVI Industries Inc. reports record revenue and gross profit for the first quarter of fiscal 2026, reflecting continued execution of its long-term buy-and-build growth strategy and ongoing investments in technology and operational integration.

For the quarter ended Sept. 30, revenue increased 16% year over year to a record $108 million, while gross profit rose 17% to a record $33.9 million. Gross margin reached a record 31.3%, compared to the prior-year period. Operating income totaled $3.6 million, compared to $5.0 million a year earlier, while net income was $1.8 million, compared to $3.2 million. Adjusted EBITDA was $6.8 million, representing 6.2% of revenue.

Chairman and CEO Henry M. Nahmad attributes the quarter’s performance to strong sales execution and continued market share gains across key regions. While profitability metrics declined year over year, the results reflect deliberate investments aimed at strengthening the company’s platform and supporting sustainable long-term growth.

Revenue growth during the quarter was driven primarily by acquired businesses, including Continental Laundry Solutions (formerly Girbau North America, acquired during fiscal 2025), along with stable performance from EVI’s legacy operations. Management says the integration of recent acquisitions and accelerated spending on modernization, optimization, and technology initiatives temporarily weighed on operating leverage compared to the prior-year period.

The inclusion of Continental positively impacted gross margin performance, EVI says. Excluding Continental, gross margins would have been approximately 30.2%, modestly below the prior year due to product mix within the historical business. EVI expects to sustain its enhanced margin profile while advancing initiatives related to procurement, pricing, inventory management, and supply chain efficiency.

EVI also highlighted progress in its technology investments, including expanded adoption of its field service platform, which supported approximately 9,000 service appointments during the quarter, and continued development of its next-generation digital commerce and customer relationship management systems.

Supported by a strong balance sheet and available borrowing capacity, EVI says it remains positioned to pursue additional acquisitions, invest in innovation, and advance its operational initiatives.