EVI Industries closed its fiscal year with record revenue and earnings as the Miami-based commercial laundry equipment distributor pushes ahead with an aggressive buy-and-build strategy and a sweeping modernization of its operations.
The company reported revenue of $389.8 million for the year ending June 30, up 10% from $353.6 million a year earlier. Net income rose 33% to $7.5 million from $5.6 million. Gross profit climbed 12% to $118.3 million, or 30.4% of sales.
Fourth-quarter revenue jumped 22% to $110 million from $90.1 million, while net income inched up 1% to $2.1 million. Quarterly gross profit rose 24% to $33.9 million, or 30.8% of sales.
“Commercial laundry is not discretionary. It is essential to the operations of our customers, and that gives our business a steady foundation across all economic conditions,” Chairman and CEO Henry Nahmad said on the company’s earnings call. “These results reflect the dedication of our people, the resilience of our markets, and the effectiveness of our model.”
EVI has spent the past nine years rolling up local and regional laundry distributors while preserving their brands, people, and customer relationships. Since 2016, the company has acquired 31 businesses and achieved a 7% compounded annual growth rate in organic revenue.
In fiscal 2025 alone, it closed four deals, including the largest in its history — Continental Laundry Solutions (formerly Girbau North America), which is expected to add about $50 million in annual revenue and gives EVI relationships with more than 80 independent distributor customers.
“Continental strengthens our purchasing power, expands our geographic reach, and enhances the value proposition we offer customers and OEM partners,” Nahmad said. “It also provides a powerful new platform to support independent distributors, helping them grow while creating new sourcing and logistics efficiencies across our network.”
He stressed that EVI’s approach to acquisitions prioritizes culture and continuity. “Our success in acquisitions is built on people, culture, and trust. We strive to honor the legacy of every business we acquire and give their employees meaningful opportunities to grow,” he said.
EVI is also revamping its infrastructure to support growth. Its new field service platform, which streamlines technician scheduling and tracks parts and diagnostics, expanded from two business units in July 2024 to 27 by June 2025, managing more than 8,500 service calls that month.
“Every service call is also a customer touchpoint that can generate new sales opportunities,” Nahmad said. “It strengthens relationships while driving growth.”
By the end of the year, 28 of EVI’s 31 business units were running on a standardized enterprise resource planning system supported by business intelligence tools that provide real-time insights into job costing, technician efficiency, and regional profitability.
EVI is also developing an ecommerce platform set to launch in fiscal 2026, giving customers 24/7 access to products, inventory, and service scheduling. Nahmad said it will “create a seamless digital experience across our expansive network.”
EVI ended the year with a 10% increase in its backlog of confirmed customer orders. Nahmad said the company is collaborating with suppliers to manage tariff-related cost pressures while adjusting its own pricing to keep products competitive.
“Fiscal 2025 was a defining year for our company,” he said. “We delivered record results, completed the largest acquisition in our history, and made meaningful progress on our technology roadmap. We believe our expanded footprint, modernized systems, and commitment to innovation position us to deliver even greater value to customers and shareholders in the years ahead.”
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