EVI · EVI Industries, Inc.

EVI Industries reported record third-quarter fiscal 2026 results, with revenue increasing 8% year-over-year to $101.1 million and gross profit rising 17% to $32.8 million, resulting in a record gross margin of 32.5%. The revenue growth was driven primarily by contributions from acquired businesses and continued market share gains, partially offset by disruptions from severe weather and customer facility readiness delays. Gross margin expansion reflects the company's focus on improving revenue quality and operational optimization. However, net income declined to $0.8 million from $1.0 million in the prior year, while adjusted EBITDA increased 11% to $5.6 million. Management highlighted ongoing investments in technology, field service operations, and business intelligence, which are expected to improve operating leverage and long-term profitability. The company also completed the acquisition of Belenky, Inc., expanding its Ohio presence. Despite near-term headwinds, EVI's record revenue and gross profit underscore its enterprise growth and strategic progress.