EVI Industries (EVI) reported fourth-quarter results that beat analyst estimates, capping what Chairman and CEO Henry Nahmad called "the best year in EVI's history." The company raised its consumer garment care services division, launching with its Sudsies business as the first platform.
Q4 2026 adjusted earnings per share came in at $0.17, topping the consensus estimate of $0.16 by 6.25%. Revenue was $121.87 million, beating analysts' forecasts of $111.1 million by nearly 10%.
For the full fiscal year ending June 30, 2026, revenue reached approximately $447 million — a record high, up more than tenfold over the past decade. Gross profit also set a new mark at roughly $141 million, pushing gross margin to a record 31.5%. Operating cash flow came in at about $21 million, while net debt stood at approximately $44 million at year-end, roughly unchanged from the prior year.
"EVI is not simply getting bigger. The quality and earnings potential of the business are improving," Nahmad said during the earnings call. Commercial laundry adjusted EBITDA margin exceeded 10% in the quarter before corporate expenses and adjusted for stock-based compensation.
The company completed three acquisitions during fiscal 2026 and shortly after year-end, bringing its total acquisition count to more than 30 over ten years. Nahmad noted that the new consumer garment care division, which includes the Sudsies brand, is "not a pivot away from commercial laundry" but rather a second growth platform.
On technology, Nahmad said: "Technology does not replace our decentralized model. It strengthens it."
Shares closed regular trading at $14.51, up 6.22% from the previous close of $13.66, before slipping 1.19% in after-hours trading. The stock is trading near the low end of its 52-week range, with a high of $34.48 and a low of $12.75. Market capitalization stands at about $175.79 million, with a P/E ratio of 32.07 and a dividend yield of 2.27%, raised for three consecutive years.
Analyst consensus projects fiscal 2027 revenue of $466.4 million and EPS rising to $0.96 from $0.57. The average price target remains $32 per share.
