EVI Industries, Inc. (EVI)

EVI Industries, Inc. stock price has risen significantly in the past six months, increasing by 69.74%. The stock passed above its 200-day moving average, trading at $27.77, higher than the average of $23.10. EVI reported record fiscal year 2025 results, with revenue increasing by 10% to $389.8 million and net income rising by 33% to $7.5 million. Fourth-quarter revenue jumped 22% to $110 million, although net income for the quarter inched up only 1%. The company announced a special cash dividend of $0.33 per share, payable on October 6, 2025, to shareholders of record as of September 25, 2025. DA Davidson set a price objective of $33.00, and the stock holds a consensus "Buy" rating.

Demand for EVI Industries, Inc. products and services is primarily driven by functional and economic obsolescence. Increased demand results from the aging of the installed base of equipment and the introduction of new equipment featuring advanced technologies. The commercial laundry sector is essential to the operations of EVI's customers, providing a steady foundation for the business across various economic conditions, making the demand less susceptible to significant seasonality.

EVI Industries, Inc. is a value-added distributor, installer, and service provider of commercial laundry products, operating within the Industrials sector. The company distributes, sells, rents, and leases commercial and industrial laundry and dry-cleaning equipment. EVI offers a diverse selection of commercial laundry equipment, including washers, dryers, tunnel systems, vended machines, and finishing equipment, as well as mechanical equipment like boilers and water purification systems. Additionally, EVI supplies replacement parts and accessories and provides comprehensive services such as planning, designing, consulting, installation, maintenance, and repair for commercial laundry operations.

EVI Industries, Inc. has operations across the United States, Canada, the Caribbean, and Latin America. The company's headquarters is located in Miami, Florida.

EVI Industries has a strong brand reputation due to its strategic "buy-and-build" acquisition strategy and focus on technological advancements. The company is recognized as the only American public company operating exclusively within the commercial laundry distribution and service industry. Recent record fiscal year 2025 results, fueled by strategic acquisitions, organic growth, and technological advancements, have positively impacted its reputation. EVI completed four acquisitions in fiscal 2025, including Continental Laundry Solutions, which expanded its geographic reach and product offerings. The company's commitment to innovation, such as introducing IoT-enabled equipment and energy-efficient systems, also contributes to its positive standing.

EVI Industries, Inc. has a mix of institutional and individual owners. Major institutional shareholders include Royce & Associates LP, Empire Life Investments Inc., and Raymond James Financial Inc. Henry M. Nahmad, the CEO and Founder, holds a significant stake of 34.87% (4,449,569 shares). Thomas Marks, Executive VP of Business Development, holds 25.05% (3,196,962 shares). Dennis Mack, a Strategic Advisor and Director, also holds a substantial number of shares.