Short answer
EVI INDUSTRIES, INC. (EVI) filed its fiscal 2026 10-K annual report with the SEC on Sep 8, 2026. It reported revenue of $447M (+14.6% year over year) and net income of $8M.
- Top risk flagged: Environmental liability risk under federal, state, and local laws related to perchloroethylene (PCE) solvent in garment care, with potential for costly remediation and lawsuits
FY2026 key financial metrics · XBRL
- Revenue
- $447M
- +14.6% YoY
- Net income
- $8M
- +2.9% YoY
- Operating margin
- 3.5%
- −0.0 pp YoY
- Gross margin
- 31.5%
- +1.2 pp YoY
- EPS (diluted)
- $0.48
- −2.0% YoY
- ROE
- 5.1%
- −0.1 pp YoY
- Operating cash flow
- $21M
- −3.1% YoY
Source: XBRL data from the EVI INDUSTRIES, INC. (EVI) FY2026 10-K on SEC EDGAR. USD.
EVI INDUSTRIES, INC. FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: value-added distributor specializing in commercial laundry equipment and related installation, maintenance, and repair services
- New segment: consumer garment care services via acquisition of Sudsies for $37.4M, creating a separate reportable segment in Sept 2026
- Strategic shift: first expansion beyond commercial laundry since 2016; targeting multibillion-dollar consumer garment care industry for national scale growth
- Workforce: 900 U.S.-based employees as of August 2026, with emphasis on performance-based pay and long-term equity retention programs
- Noteworthy: acquisition of Sudsies marks entry into direct-to-consumer garment care market, representing a major diversification move
Management Discussion & Analysis
- Revenue $435.6M, up 15% YoY ($56.7M increase) driven by acquisitions in fiscal 2025 and 2026
- Gross margin 31.5% vs 30.4%, cost of sales 68.5% vs 69.6%; SG&A 28.0% vs 26.8% with $20.4M (20%) increase in expenses
- Single operating segment; expansion into consumer garment care with $37.4M acquisition of Sudsies post-fiscal 2026
- Operating cash flow $20.6M vs $21.3M; investing cash use $14.3M vs $51.8M; financing cash use $8.4M vs cash provided $34.8M in prior year
- Board approved $10M share repurchase program; outlook cites sufficient liquidity and potential equity/debt funding for growth and acquisitions
Risk Factors
- Environmental liability risk under federal, state, and local laws related to perchloroethylene (PCE) solvent in garment care, with potential for costly remediation and lawsuits
- Middle East geopolitical conflict exposure potentially disrupting operations and increasing costs amid global events impacting supply chains
- Supply chain concentration risk with four suppliers accounting for ~71% of products in fiscal 2026, increasing dependency and negotiation risk
- Competitive pressure from over 500 distributors, including manufacturer-owned distributors in North America, raising risk of market share loss
- Indebtedness risk with $51.0M outstanding under $150M credit facility with covenants tied to leverage and interest coverage ratios
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