EVI Industries, Inc. reported record financial results for the fiscal year ended June 30, 2026, with revenue increasing 15% to $446.6 million and gross profit rising 19% to $140.7 million. Operating income grew 14% to a record $15.7 million, while net income increased 3% to $7.7 million and adjusted EBITDA rose 16% to $29.1 million. For the fourth quarter ended June 30, 2026, revenue reached a record $121.9 million, up 11%, with operating income increasing 37% to $5.6 million and net income rising 31% to $2.7 million. The company completed two acquisitions during the fiscal year—ASN Laundry Group and Belenky, Inc.—and closed its first acquisition into consumer garment care services, Sudsies, on September 1, 2026. Net debt declined by $11.5 million during the quarter to $44.2 million. EVI Industries operates in the commercial laundry distribution and service industry.

EVI Industries completed the acquisition of Sudsies, Inc. and its affiliates on September 1, 2026, establishing a new consumer garment care services division. The transaction involved amendments to asset purchase agreements that changed consideration from mixed cash and stock to entirely cash: $900,000 for Transaction C (Sudsies On-Site assets) and $7,124,778 for Transaction D (personal goodwill of Jason Loeb). At closing, EVI paid approximately $1.9 million to vehicle lessors and reimbursed $860,000 in pre-closing employee bonuses. Management expects the transaction to be accretive to earnings for the fiscal year ending June 30, 2027. EVI Industries operates as a value-added distributor and service provider in the commercial laundry industry.

EVI Industries, Inc. entered into definitive asset purchase agreements to acquire substantially all assets of JLOJB, Inc. (f/k/a Sudsies, Inc.) and its affiliates through four separate transactions (A, B, C, and D) for a total consideration of approximately $34.62 million in cash and common stock. The acquisition includes the purchase of personal goodwill from Jason Loeb. EVI Industries, Inc. is a value-added distributor and provider of advisory and technical services for the commercial laundry industry.