EVI Industries, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting results for the first fiscal quarter of its 2027 fiscal year, as submitted to the SEC on November 9, 2026.

Key Highlights

  • Revenue rose to $112,948 thousand for the three months ended September 30, 2026, compared with $108,269 thousand in the same period of the prior year, according to the filing.
  • Net income of $3,847 thousand was reported for the quarter, more than doubling the $1,847 thousand recorded in the three months ended September 30, 2025.
  • Diluted earnings per share were $0.24 for the quarter, up from $0.11 in the prior-year period, the company disclosed.
  • Long-term debt increased to $85,000 thousand at September 30, 2026, from $51,000 thousand at June 30, 2026, reflecting $46,000 thousand in proceeds from long-term debt and $12,000 thousand in repayments during the quarter.
  • Goodwill rose to $113,580 thousand at September 30, 2026, from $93,934 thousand at June 30, 2026, with the company reporting $37,384 thousand in cash paid for acquisitions, net of cash acquired, during the period.
  • Total assets reached $360,495 thousand at September 30, 2026, compared with $304,495 thousand at June 30, 2026, per the condensed consolidated balance sheet.
  • Shares outstanding were 12,971,181 as of November 4, 2026, as indicated on the filing's cover page.

EVI Industries Fiscal First Quarter: Revenue Growth and Acquisition Activity Drive Balance Sheet Expansion

EVI Industries, Inc. (NYSE American:EVI) reported revenues of $112,948 thousand for the three months ended September 30, 2026, an increase from $108,269 thousand in the comparable prior-year quarter, according to the filing. Gross profit improved to $38,040 thousand from $33,892 thousand, and operating income rose to $6,228 thousand from $3,562 thousand. The company reported interest expense, net, of $1,018 thousand, resulting in income before income taxes of $5,210 thousand. After a provision for income taxes of $1,363 thousand, net income was $3,847 thousand, compared with $1,847 thousand in the three months ended September 30, 2025.

The balance sheet reflected significant changes during the quarter, the filing disclosed. Total assets expanded from $304,495 thousand at June 30, 2026, to $360,495 thousand at September 30, 2026. Goodwill increased from $93,934 thousand to $113,580 thousand, and intangible assets, net, rose from $28,859 thousand to $43,170 thousand, consistent with the $37,384 thousand in cash paid for acquisitions, net of cash acquired, shown in the investing activities section of the cash flow statement. Long-term debt climbed from $51,000 thousand to $85,000 thousand, as the company drew $46,000 thousand in proceeds from long-term debt and made $12,000 thousand in repayments during the period.

Operating cash flow for the quarter was $7,801 thousand, compared with $1,023 thousand in the prior-year period, the filing stated. The company also repurchased 38,065 treasury shares at a cost of $665 thousand during the three months ended September 30, 2026, in satisfaction of employee tax withholding obligations. Total shareholders' equity stood at $154,659 thousand at September 30, 2026, up from $150,143 thousand at June 30, 2026. Stock compensation expense was $1,334 thousand for the quarter.

What Was Disclosed

EVI Industries filed an unaudited quarterly report covering the three months ended September 30, 2026, disclosing revenue of $112,948 thousand, net income of $3,847 thousand, significant acquisition spending of $37,384 thousand, and an increase in long-term debt to $85,000 thousand.